Dilma Vana RousseffThe New Development Bank (NDB) is a product of the further maturation of the BRICS cooperation mechanism: the initiative to set up a multilateral development bank was first put forward at the fourth BRICS leaders summit in New Delhi in India in 2012, and consensus was reached on a

By He Yin, People's Daily"In recent days, a growing number of global financial institutions have increased or planned to increase their holdings of Chinese assets, indicating confidence in the recovery of the world's second largest economy with solid supportive measures in place," said a recent arti

By Business Editor Lee Sam-sunThe return of Korea’s major Jaebeol business groups such as Samsung, SK, Hyundai and LG to the Federation of Korean Industries (FKI), an organization of Korean top business conglomerates, is expected to materialize very soon. TThe FKI, which is changing its name to the

By Li Zheng, People's DailyChina's consumer market is thriving this summer.Family trips and cross-province tours are recovering. A prosperous night economy represented by night markets, midnight snacks and night boating activities is enriching urban business forms. The booming consumption exactly mi

By He Yong, People's DailyThe Global Digital Economy Conference 2023 was recently held at the China National Convention Center in Beijing.At the event, Beijing and 18 partner cities, including Abu Dhabi, jointly released the global digital economy partnership city cooperation initiative.The initiati

By He Yin, People's DailyThe 14th Annual Meeting of the New Champions, also known as the Summer Davos, recently opened in north China's Tianjin municipality, where participants jointly discussed the prospects of the world economy and explored the way of recovery.Participants from all over the world

By Jiang Yunlong, Li Ya'nan, People's DailyThere's a 2,712km railway in northwest China's Xinjiang Uygur autonomous region. It crosses desert, the Gobi, and no man's land and stretches in scorching heat, sand storms and extreme coldness. It connects multiple places in five prefectures in southern Xi

By Feature Editor Kim Hyung-daeThe Rural Development Administration (RDA) is celebrating its 61st anniversary this year. Launched on April 1, 1962, the year when the First Five-Year Plan for Economic Development began, the agency has served as the leader of Korea's agricultural revolution.It has tak

By Qiang Wei, People's DailyThe SCO Industrial and Supply Chains Forum and the 2023 SCO International Investment and Trade Expo kicked off recently in Qingdao, east China's Shandong province.A total of 330 enterprises and organizations from 34 countries and regions, including the Shanghai Cooperatio

By Luo Shanshan, People's DailyThe Regional Comprehensive Economic Partnership (RCEP) entered into force for the Philippines on June 2, confirming that the trade pact is now in effect for all 15 members.The landmark RCEP agreement covers roughly 30 percent of the world's population, GDP and trade in

By Qiu HaifengChina's Renminbi(RMB) has constantly expanded its international circle of friends as China sees better economic development and a higher level of opening up, playing a more important role in cross-border payment, investment and financing, exchange reserves and invoicing.A Chinese offic

By Ouyang Jie, People's DailyThis year, the Chinese department store Intime released a calendar that made an impression.The calendar and its packaging were made of environment-friendly materials. Its stand and packing box were made of biodegradable kraft paper, and the calendar card can grow flowers

By Guan Kejiang, People's DailySaudi Arabia is the largest trading partner of China in the Middle East. Over the recent years, the two countries have witnessed increasingly frequent economic and trade exchanges as China's Belt and Road Initiative (BRI) and Saudi Arabia's Vision 2030 achieved greater

By Wu Qiuyu, People's DailyAccording to annual reports of Chinese listed banks, greenness has become a defining character of the high-quality development of China's banking sector.Multiple banks have reported growing businesses of green credit, and their green financial products such as green bonds

By Du Haitao, Wang Ke, People's Daily"I knew there would be a lot of tourists, but I never expected so many," said Li Xin, who runs a B&B hotel near the Longmen Grottoes, a tourist site boasting a history of more than 1,500 years in Luoyang, central China's Henan province.According to Li, the hotel

Trade, Industry and Energy Minister Lee Chang-yang attended the Carbon-Free Energy Forum launching ceremony on May 17 at the Korea Press Center in Seoul and led discussions on carbon-free energy certification and Forum management directions.The minister stated in his opening message that “Re100” is

The Secretary for Financial Services and the Treasury (SFST) Christopher Hui started his visit to Korea on May 2.Mr. Hui met with the President of the Asian Development Bank (ADB), Mr Masatsugu Asakawa. He told Mr Asakawa that with the advantages of accessing Mainland and international markets, and

By Gu Yekai, Yuan Taoxiong, People's DailyIntellectual property (IP) is indispensable to innovative and high-quality development. Over the recent years, China has witnessed a rise in both the number and quality of valid invention patents, which indicates continuously strengthened impetus for innovat

By Wang JunlingThe exports of excavators can indicate the development of the engineering machinery industry and even the manufacturing industry. Since this year, the exports of Chinese excavators have been on a constant rise, becoming a highlight of the sluggish world economic recovery.According to

By Zhang Cong, Ju Yunpeng, People's DailyTo observe whether the public can express their requirements without hindrance is an important way to evaluate whether a country's political system is democratic and efficient.Last year, a primary school student surnamed Wu, who lives by the Suzhou River in S