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Chinese yuan falls to 6.56 against US dollar
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. PHOTO SIPA The Chinese yuan fell against the US dollar on Monday, as investor sentiment weakened amid a resurgence of domestic COVID 19 cases and fast tightening by the US Federal Reserve, which said on Monday; as investor optimism weakened ...
Updated: 04/26/2022
China orders coal supply to 7 Chinese provinces
... of 47.7 million tons to seven provinces between May and December. The miners will be allowed to sell coal above existing price caps. The southern economic powerhouse of Guangdong is in line for almost 40% of the amount. The industrial heartlands of Jiangsu, Zhejiang and Fujian are to be prioritized. The move is intended to avoid a repeat of the power crunch that struck in the fall, as markets stress over dwindling imports and a resurgence of a virus that is clogging up transport of the nation's ...
Updated: 04/25/2022
China shipbuilding output rises 2.8 percentage points
A shipbuilding dock of the Jiangsu New Yangzi Shipbuilding Co, a subsidiary of Jiangsu Yangzijiang Jinping Shipbuilding Group, is located in the Jiangyin-Jingjiang industrial park of Jiangu province. A shipbuilding dock of the Jiangsu New Yangzi Shipbuilding Co, a subsidiary ...
Updated: 04/24/2022
China’s third aircraft carrier will soon be revealed, says PLA
... to celebrate the PLA Navy 's 73rd founding anniversary, but it had to be postponed due to the current COVID 19 resurge in Shanghai, where the carrier is reportedly being built. Some speculations say that the carrier might be named after East China's Jiangsu Province. The construction of the third aircraft carrier was confirmed in November 2018 by an official report. A new type of aircraft carrier was in construction on berth, according to the Xinhua News Agency at the time. China now has experiences ...
Updated: 04/22/2022
Chinese tech firm Zhihu makes primary listing in Hong Kong
This undated photo shows a billboard of Zhihu.com, a Beijing-based knowledge-sharing website, in Nanjing, Jiangsu province. This undated photo shows a billboard of Zhihu .com, a Beijing-based knowledge-sharing website, in Nanjing, Jiangsu province. WANG QIMING CHINA DAILY Chinese question- and- answer website Zhihu Inc made a primary listing in Hong Kong ...
Updated: 04/22/2022
China ratifies two conventions of ILO
Employees work on the photovoltaic component production line of a technology company in Hai'an, Jiangsu province. ZHAI HUIYong China has shown its firm opposition to forced labor by taking the initiative to ratify two conventions of the International Labour Organization, Employees work on the photovoltaic component production line of a technology ...
Updated: 04/22/2022
Tibet builds massive Covid isolation, care facilities in China
... epidemic. Authorities in Tibet are building massive Covid isolation and care facilities in anticipation of further outbreaks in China, even though the remote territory has reported only one case during the epidemic. The Chinese construction group Jiangsu Qi an Construction Group has built temporary hospitals in Lhasa and Shigatse with 1,000 beds each, a key feature of China's Covid response. The firm said it had been tasked with building hospitals in late March and given less than half a month ...
Updated: 04/21/2022
China's loan prime rate comes in at 3.7 pct
On Aug 6, 2019, a bank staff counts RMB and US dollar notes in a bank in Nantong, Jiangsu province. On Aug 6, 2019, a bank staff counts RMB and US dollar notes in a bank in Nantong, Jiangsu province. Photo Sipa BEIJING -- China's one-year loan prime rate, a market-based benchmark lending rate, came in at 3.7 percent Wednesday, unchanged ...
Updated: 04/20/2022
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