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VW has ‘caught up’ in China, says CEO

Volkswagen Passenger Cars Brand CEO Thomas Schaefer presents the ID. Aura T6 in Beijing on April 8, 2026. [Photo provided to chinadaily.com.cn] Volkswagen has “caught up” in key capabilities in China’s fast-accelerating electric and intelligent vehicle transition, as the German automaker enters what it calls a “delivery mode” year. “Chinese market has changed and a…

Investors get set for RMB nickel futures

Trading in yuan-denominated nickel futures and options officially opened to overseas investors on Tuesday, marking another major step forward in the internationalization of China’s derivatives market, said experts and industry leaders. This will facilitate the development of China’s strategic emerging industries and help to optimize the global pricing system, they added. As Shanghai Futures Exchange’s…

Private sector in Gansu thrives on quality growth

Gansu’s private sector economy is undergoing a profound shift from scale expansion to higher quality and efficiency, as the province places “new quality productive forces” at the core of its development strategy. Guo Qizhi, chairman of the Gansu Federation of Industry and Commerce, said the most notable change during the 14th Five-Year Plan period (2021-25)…

China vows to protect Chinese companies against US export control bills

China will take all necessary measures to safeguard the legitimate rights and interests of its companies, said the Ministry of Commerce on Saturday, warning that a series of export control bills approved by a US congressional committee could disrupt global trade and undermine supply chain stability. The US House Foreign Affairs Committee on Wednesday passed…

China takes lead in global power storage

Workers assemble energy storage module blocks at a workshop in Zhangye, Gansu province, on March 3. WANG JIANG/FOR CHINA DAILY China has cemented its status as the undisputed heavyweight champion of the global energy storage sector, successfully transforming itself from an industry follower into the global pacemaker, said industry experts and government officials. By the…

China-Laos clean power link to boost regional ties

Electricians work on the China-Laos 500-kilovolt power interconnection project in February. [Photo provided to chinadaily.com.cn] Marking the first time that overseas new-energy electricity has participated in the nation’s power market, the China-Laos 500-kilovolt power interconnection project officially commenced operations on Monday, signifying a major leap in regional energy integration. The milestone was marked by the…