[Photo/Agencies] China expressed concerns about the tariff hikes imposed by the United States and Russia-related sanctions during a meeting between the two countries’ economic working groups in Washington, the Ministry of Finance said on Saturday. China’s Vice-Minister of Finance Liao Min highlighted the potent package of stimulus policies that the world’s second largest economy introduced…
US-based restaurant chain Subway opens its 4,000th store in the Asia-Pacific region, in Shanghai on Tuesday. [GAO ERQIANG/CHINA DAILY] US-based restaurant chain Subway’s opening of its newest store in Shanghai, its 4,000th outlet in the Asia-Pacific region, on Tuesday indicates the brand’s confidence in the bright prospects of the China market, according to its top…
Chinese refiner Sinopec reported a decline in third-quarter net profit and revenue on Monday. The world’s largest refiner announced its capacity decrease, when it posted a 52.1 percent year-on-year decline in net profit to 8.54 billion yuan ($1.2 billion) for the third quarter while its revenue meanwhile was 790.4 billion yuan, down 9.8 percent from…
A staff member of Chinese automaker GAC Group debugs an electric sports car during the 2024 World Intelligent Connected Vehicles Conference in Beijing, Oct 17, 2024. [Photo/Xinhua] BEIJING – Having surged to the forefront of the global new energy vehicle (NEV) market with their outstanding performance, Chinese automakers are exploring strategies to gain an…
This photo taken on Sept 13, 2024 shows an experimental high-speed train running along the Longyan-Longchuan High-Speed Railway in South China’s Guangdong province. [Photo/Xinhua] China’s gross domestic product grew by 4.6 percent year-on-year in the third quarter following a 4.7 percent rise in the second quarter, the National Bureau of Statistics said on Friday. In…
IM Motors releases the IM AD 3.0, a Level 2 plus system, for its vehicles on Oct 28, 2024. [Photo provided to chinadaily.com.cn] IM Motors said on Monday that it has become the first carmaker in China capable of mass-producing vehicles that boasts Level 2, 3 and 4 autonomy. The carmaker, a joint venture established…
China should seize the current window of improving expectations and rising confidence to build momentum going into 2025, economists said, calling for a forceful and extraordinary combination of macro policies next year. Given the recently announced stimulus package, China’s economy will likely pick up in the fourth quarter, providing strong support for meeting the annual…
Aerial view of the photovoltaic base in Majiatan town, Yinchuan in Northwest China’s Ningxia Hui autonomous region, on Oct 28, 2024. [Photo/VCG] A photovoltaic base is under construction in Majiatan town, Lingwu city, Yinchuan, Ningxia Hui autonomous region on Oct 28, 2024. Covering a small territory with beautiful scenery and with a strong power grid…
A woman buys pineapples in a supermarket in Xuwen county, South China’s Guangdong province, on March 6, 2021. [Photo/IC] China’s latest stimulus measures seem to create a favorable shift in focus toward relying more on boosting consumer confidence as a sustainable growth driver, with bigger fiscal spending on improving social welfare and addressing property woes…
Intel has unveiled its latest server processor to tap into China’s burgeoning data center market. [Photo provided to chinadaily.com.cn] CHENGDU – US chip giant Intel on Monday announced the expansion of its packaging and testing base in southwestern China to boost local supply chain efficiency and better serve Chinese clients. With a capital increase of…