Chinese private refining giant Hengli Group has strongly condemned recent United States sanctions imposed on one of its wholly-owned subsidiaries, dismissing US allegations of ties to Iran as “groundless”, and lacking both factual and legal basis. The US Department of the Treasury’s Office of Foreign Assets Control, or OFAC, placed Hengli Petrochemical (Dalian) Refining Co…
A view of a duty-free shop in Beijing Capital International Airport. CHINA DAILY The nationwide rollout of China’s departure tax refund service, which smoothly reached its one-year mark this month, has effectively stimulated inbound travel and increased consumption vitality, experts said. The policy governing the service aims to further enhance the convenience of departure tax…
The world’s first pure car truck carrier (PCTC) with a capacity of more than 10,000 vehicles is delivered in Guangzhou, Guangdong province, on Tuesday. [Photo provided to chinadaily.com.cn] The world’s first pure car truck carrier (PCTC) with a capacity exceeding 10,000 vehicles was delivered after a naming ceremony in Guangzhou’s Nansha district on Tuesday, setting…
A saleswoman (left) addresses consumer queries on a washing machine at a home appliance mall in Leshan, Sichuan province, on Friday. LI HUASHI/FOR CHINA DAILY China’s consumption sector posted a mild rebound in the first quarter, but a slowdown in March pointed to a fragile recovery as the impetus from an extended Spring Festival holiday…
Samsung Electronics is planning to withdraw from China’s home appliance and television sales market, in a move that reflects intensifying competition and the growing dominance of domestic brands. According to a report by Nikkei, the South Korean tech giant is expected to make a final decision as early as the end of April to stop…
Samsung Electronics is planning to withdraw from China’s home appliance and television sales market, in a move that reflects intensifying competition and the growing dominance of domestic brands. According to a report by Nikkei, the South Korean tech giant is expected to make a final decision as early as the end of April to stop…
Great Wall Motor CTO Wu Huixiao answers questions at the Beijing auto show on April 24, 2026. [Photo provided to chinadaily.com.cn] Great Wall Motor says its global expansion is moving beyond product exports toward a deeper push into technology localization and ecosystem building, as Chinese automakers accelerate overseas growth amid rising competition. Speaking at the…
BEIJING – China’s industrial sector posted strong profit growth in the first quarter of 2026 as the government’s proactive macro policies helped cushion the impact of a complex economic environment and boosted momentum in high-end manufacturing, official data showed on Monday.Profits of China’s major industrial firms increased 15.5 percent year-on-year to reach 1.696 trillion yuan…
US technology company HP Inc is stepping up its investment and innovation efforts in China, betting on the country’s manufacturing strength, fast-evolving demand and growing role in global innovation to drive future growth, its senior executives said. “It’s an ever-dynamic market …which means it’s also an opportunity for us to evolve,” said Craig Bernero, senior…
Visitors view a vehicle from Shangjie, one of the brands in Huawei’s Harmony Intelligent Mobility Alliance, at Auto China 2026 in Beijing on April 24, 2026. [Photo by Wang Yuchen/chinadaily.com.cn] Global vehicle production and sales rose in 2025, with output reaching 96.4 million units and sales 99.8 million units, as Asia drove much of the…