Bogdan Bereanda, president and CEO of Brembo China, speaks at the company’s Inspiration Lab’s unveiling ceremony on April 21, 2025. [Photo by Li Fusheng/chinadaily.com.cn] Brembo, the global leader in braking solutions, inaugurated its first Asian Inspiration Lab on Monday in Shanghai—its second worldwide following the one in the United States. The lab will focus on…
People interact with a humanoid robot at the China International Consumer Products Expo in Haikou, Hainan province, on April 13.[LUO YUNFEI/CHINA NEWS SERVICE] HAIKOU — At the China International Consumer Products Expo in Hainan province last week, crowds thronged exhibit halls packed with global brands showcasing a dazzling array of goods. From cosmetics and massage…
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SAIC Buick introduced its new energy sub-brand Electra and prototype vehicles during the launch event on Monday in Shanghai. [Photo provided to chinadaily.com.cn] SAIC-GM’s Buick marque revealed its new energy sub-brand Electra and introduced the all-new Buick Xiao Yao Super Architecture on Monday evening. “The wave of the new energy revolution has positioned China as…
Tourists go boating in Sanya, South China’s Hainan province on July 23, 2024. [Photo/Xinhua] HAIKOU — Driven by booming tourism, innovative policies and robust retail growth, China’s island province of Hainan is rapidly becoming a vital domestic and international consumption destination, said a white paper released during the 5th China International Consumer Products Expo. “The…
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BEIJING — China’s e-commerce sector has reported steady growth in the first quarter of the year, boosted by the country’s pro-consumption policies such as its large-scale consumer goods trade-in program, the Ministry of Commerce said on Monday. Official data shows that China’s online retail sales totaled 3.6 trillion yuan ($499.6 billion) in the first quarter,…
BEIJING — China’s bank wealth management market enjoyed steady growth momentum in the first quarter, industry data indicated on Tuesday. The balance of wealth management products stood at 29.14 trillion yuan ($4.04 trillion) at the end of March, up 9.41 percent year-on-year, according to the latest data provided by the China Banking Wealth Management Registration…
China is gearing up for a new phase of coal power upgrades to hasten its transition toward cleaner and greener energy, said officials and experts on Monday. This round of upgrades will focus on enhanced peak-shaving capability, strong support for volatile new energy power, high resilience and lower emissions. It proposes key tasks in four…
Cainiao Group, the logistics arm of Chinese tech heavyweight Alibaba Group, on Tuesday announced the launch of a cross-border “green channel” designed to help the country’s exporters expand their footprint in overseas markets in response to new rounds of United States’ tariff hikes. Leveraging its network of over 40 overseas warehouses in Europe, the US,…