Sarath Prasannan, senior vice-president, head of Asia Pacific region of Everllence Editor’s note: Ahead of the release of China’s first-half 2026 economic data, China Daily invited chief executives and senior leaders from key multinational companies to share their perspectives on the world’s second-largest economy. Their insights go beyond short-term growth, offering a closer look at the…
A ship production base in Taizhou, Jiangsu province, on Jan 11. [Photo/Xinhua] China’s economy expanded 4.7 percent year-on-year in the first half of 2026, the National Bureau of Statistics said on Wednesday, in a sign of its resilience amid mounting external headwinds. In the second quarter, the economy grew 4.3 percent from a year earlier,…
A robot is trained in a logistics scenario at a training center for embodied AI in Xiong’an, North China’s Hebei province, June 23, 2026. [Photo/Xinhua] High-tech investment and exports remain key bright spots of China’s economy, supported by strong global demand for advanced manufacturing and Beijing’s innovation-driven development strategy, according to an economist from HSBC.…
Chinese artificial intelligence startup StepFun has unveiled what it describes as the world’s first large language model-native AI device brand as it seeks to move beyond AI chatbots and into consumer hardware. The company introduced the StepX brand alongside the Step Agentic-native Operating System, a new personal AI agent called Amoo, and the STEPX Neo,…
Chinese artificial intelligence startup StepFun has unveiled what it describes as the world’s first large language model-native AI device brand as it seeks to move beyond AI chatbots and into consumer hardware. The company introduced the StepX brand alongside the Step Agentic-native Operating System, a new personal AI agent called Amoo, and the STEPX Neo,…
Customers select imported goods at Jinyi Comprehensive Bonded Zone in Jindong district of Jinhua city, East China’s Zhejiang province, July 7, 2026. [Photo/Xinhua] China has set a goal of raising total retail sales of consumer goods to around 60 trillion yuan ($8.8 trillion) by 2030 and further strengthening consumption’s role in driving economic growth, according…
Customers select imported goods at Jinyi Comprehensive Bonded Zone in Jindong district of Jinhua city, East China’s Zhejiang province, July 7, 2026. [Photo/Xinhua] China has set a goal of raising total retail sales of consumer goods to around 60 trillion yuan ($8.8 trillion) by 2030 and further strengthening consumption’s role in driving economic growth, according…
Jasmine fields in many townships in Hengzhou, Guangxi Zhuang autonomous region were flooded as a result of Typhoon Maysak. [Photo/VCG] Hengzhou, Guangxi Zhuang autonomous region, the country’s largest jasmine production hub, has been hit by severe flooding, disrupting flower markets and raising concerns over supplies for the booming tea and coffee beverage sector in the…
ChangXin Memory Technologies, China’s leading DRAM memory chipmaker, priced its long-awaited Shanghai initial public offering on Tuesday, paving the way for subscriptions in what is expected to become one of the country’s largest semiconductor listings as Beijing accelerates its push for AI chip self-sufficiency. CXMT is expected to raise 57.9 billion yuan ($8.1 billion) before…
Beijing is accelerating its high-level institutional opening-up by leveraging the Integrated National Demonstration Zone for Opening up the Services Sector and the China (Beijing) Pilot Free Trade Zone, driving robust economic growth and attracting significant foreign investment, officials said. Over the past five years, the Chinese capital has witnessed its GDP consecutively cross the 4-trillion-yuan…