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China records 5% GDP growth in Q1 2026

China’s gross domestic product expanded by 5 percent to reach 33.42 trillion yuan in the first quarter of 2026, the National Bureau of Statistics said on Thursday. China’s value-added industrial output, an important economic indicator, rose 6.1 percent year-on-year in the first quarter, the bureau said. China’s retail sales increased 2.4 percent year-on-year in the…

Shanghai Gigafactory key to Tesla’s global drive

Potential carbuyers look at a Tesla model at a Tesla store in Shijiazhuang, Hebei province. TANG KE/FOR CHINA DAILY The gigafactory in Shanghai is playing an increasingly important role in Tesla’s global production and export network, with its product localization rate now exceeding 95 percent, said Grace Tao, vice-president of Tesla. “Tesla’s achievements in China…

Exports of China’s power generators up

China’s exports of power generators jumped sharply as manufacturers capitalized on surging global demand for computing infrastructure, with high-capacity diesel units driving growth to support energy-intensive data centers, exporters and market watchers said. The country’s exports of power generator units rose 49.66 percent year-on-year to 12.9 billion yuan ($1.89 billion) in the first two months…

Expo offers window to nation’s new business opportunities

Visitors check out artificial intelligence glasses by Chinese AI enterprise iFLYTEK at the China International Consumer Products Expo in Haikou, Hainan province, on Monday. WANG JING / CHINA DAILY As consumption in China continues to evolve with new formats and policy support, the China International Consumer Products Expo is becoming an important window for multinational…

QCraft CEO flags ‘physical AI’ shift as next phase for autonomous driving

Yu Qian, co-founder and CEO of QCraft, speaks at the 2026 Intelligent Electric Vehicle Development Forum, on April 12. [Photo provided to chinadaily.com.cn] The autonomous driving industry is entering a new phase centered on “physical AI”, as advances in world models and reinforcement learning begin to reshape how machines understand real-world environments, said Yu Qian,…

Industrial production up by 0.4% in both the euro area and the EU

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Asylum applications in January 2026

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