xinhua

China-Europe freight train services saw steady growth in the first half (H1) of this year, official data showed Thursday. The number of China-Europe freight train services increased by 16 percent year on year to 8,641 trips during the January-June period, according to the China State Railway Group Co., Ltd. Some 936,000 20-foot equivalent units (TEU) […]

The U.S. dollar strengthened on Wednesday after the Federal Reserve signaled determination to raise interest rates after the pause in June. The dollar index, which measures the greenback against six major peers, was up 0.32 percent to 103.3727 in late trading. According to minutes for June’s meeting of the Federal Open Market Committee issued on […]

Chinese battery manufacturer SVOLT held a groundbreaking ceremony on Wednesday for its first plant in Southeast Asia, aiming to tap into the region’s rapidly growing electric vehicle (EV) market. Situated in eastern Thailand’s Chonburi province, the module pack factory is expected to produce 60,000 sets of module packs annually, following its completion in early 2024. […]

Vietnam earned 2.3 billion U.S. dollars from exporting 4.2 million tons of rice in the first half of this year, local media reported on Wednesday, citing the Ministry of Agriculture and Rural Development. Its largest rice importers include the Philippines and China, according to the ministry. Vietnam will export more rice to the Philippines, which […]

China Petrochemical Corporation (Sinopec Group), China’s major oil refiner, on Friday announced that its 20,000-tonne-per-year green hydrogen plant in northwest China’s Xinjiang Uygur Autonomous Region has begun operations. The new plant in Xinjiang’s Kuqa City is China’s first 10,000-tonne-level photovoltaic-based hydrogen production project. It is expected to set an example for the industry to realize […]

Thailand’s industrial output fell for the 8th consecutive month in May with exports remaining sluggish despite a small growth in industrial product shipments, data showed on Friday. The country’s manufacturing production index (MPI) dropped 3.14 percent last month from a year earlier, marking the lowest contraction since February, according to the Ministry of Industry. However, […]

New Zealand is delivering on its climate commitment to ban new coal boilers and to phase out existing ones by 2037, Energy and Resources Minister Megan Woods said on Friday. The government’s decisions will reduce emissions by about the same amount as 100,000 cars would produce in a year, Woods said. “Currently, more than half […]

European Union (EU) leaders failed to reach consensus on migration Friday after a two-day summit. Poland and Hungary continued to oppose a proposed obligation for EU countries to welcome migrants to their land or else pay a fee of 20,000 euros (21,826 U.S. dollars) for each migrant. European Council President Charles Michel said in a […]

Mercedes-Benz is planning further investments in China, thus contributing to Sino-German cooperation, Ola Kaellenius, the German carmaker’s chairman of the board of management, said recently in an interview with Xinhua. Kaellenius was speaking with appreciation for the opportunity to participate in the China-Germany inter-governmental consultation and to meet Chinese Premier Li Qiang last week. During […]

Report conducts in-depth research on users in 11 overseas markets, including the United States, United Kingdom, France, Germany, Australia, Japan and India Chery brand ranked first in the automotive category at the China’s Top 50 Global Brands in 2023. This is the sixth time in a row that Chery has been on the list released […]