Nissan announces closure of Barcelona factory

MADRID – Japanese car manufacturer Nissan on Thursday confirmed that it has made the “very difficult” decision to close its factory in Barcelona in northeast Spain. The factory, which has been running at 30 percent of its capacity since the…

Premier believes regional economic pact coming this year

Premier Li Keqiang said on Thursday he hopes and believes that the commitment made by leaders of 15 countries at leaders’ meetings on East Asia cooperation last year on signing the Regional Comprehensive Economic Partnership by the end of this…

AfDB approves Egypt relief aid for COVID-19-related food insecurity

The Board of Directors of the African Development Bank on Tuesday approved an emergency assistance grant of $500,000 to Egypt to provide food relief and to contribute to restoring the livelihoods of vulnerable populations severely affected by novel coronavirus. According…

Li: China-US trade should follow business rules, market

The trade and economic cooperation between China and the United States should follow business rules, and the two sides should leave the decisions to the market and business leaders, Premier Li Keqiang said on Thursday. The two economies have become…

Li: Economic policies to focus on protecting jobs, livelihoods

China’s economic policies in coping with shocks of the novel coronavirus will focus on keeping jobs and protecting people’s livelihoods, Premier Li Keqiang said at a news conference on Thursday. The focus of the country’s massive supportive policies is not…

Lenovo head expresses confidence in China’s development

“We should be full of confidence that China’s advantages in the industrial and supply chains cannot be removed by anyone who wants to move away”, news portal ThePaper reported, citing Yang Yuanqing, a deputy to the 13th National People’s Congress…

China’s logistics industry recovers steadily in Jan-April

China’s logistics industry has recovered steadily in the first four months of the year, China Federation of Logistics and Purchasing said on Thursday. From January to April, the total amount of social logistics in China reached 75.3 trillion yuan ($10.53…

North China’s Tianjin sees growing trade with B&R countries

TIANJIN — The northern Chinese port city of Tianjin witnessed a 4.7-percent year-on-year growth in trade with Belt and Road (B&R) countries from January to April. The trade volume between Tianjin and B&R countries reached 54.9 billion yuan (about $7.7…

Big Data Expo launches global campaign

The China International Big Data Industry Expo began hosting a series of online events on Tuesday that will run to September to attract global attention to Guiyang, Guizhou province. The online alternative was chosen after the annual event was suspended…

China’s coal-rich province takes active role in B&R projects

TAIYUAN — When the Phu Yen Solar Power Plant finally started construction in Vietnam in January last year, many industry experts thought the project could not be completed on time. It took the general contractor, Shanxi Electric Power Engineering Co…