SHANGHAI/TOKYO — In a strategic move to bolster its presence in the world’s largest automotive market, Japanese automaker Toyota Motor Corp announced on Wednesday that it will construct a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai. The plant, located in Jinshan district in Southwest Shanghai, will develop a new battery electric vehicle under…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING — China’s Ministry of Commerce will extend anti-dumping duties levied on potato starch imported from the European Union (EU) for another five years, starting Thursday. If anti-dumping measures are terminated, the dumping of imported potato starch from…
A flying car on display during the Guangdong Provincial High-Quality Development Conference in Guangzhou, Guangdong province, on Wednesday. [CHEN JIMIN/CHINA NEWS SERVICE] Guangdong province in South China has indicated that it will spare no effort in developing the two major industries of artificial intelligence and robotics, establishing new pillars of high-tech, high growth and large-scale…
BEIJING — China’s annual trade in services exceeded $1 trillion for the first time last year, demonstrating significant potential for further growth. China’s services import and export value amounted to a record-high of 7.5 trillion yuan (about $1.05 trillion) in 2024, expanding 14.4 percent year-on-year, according to the latest data from the Ministry of Commerce…
The United States government’s latest move to eliminate a “de minimis” tariff exemption for small packages and low-value items imported from China will disrupt the normal international trade order, wreak havoc in the fast-growing cross-border e-commerce industry, and ultimately hurt the interests of US consumers, said experts and industry insiders on Wednesday. They added that…
Foreign tourists pose for a picture at the Forbidden City in Beijing on Dec 25. WANG XIN/FOR CHINA DAILY Throughout 2024, China steadily expanded its visa-free travel program, easing entry procedures for international visitors. The updated policy, which took effect on Nov 30, allows travelers from 38 countries, including 32 European nations, to stay in…
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Visitors inspect a Toyota Prado SUV at the 2024 Beijing auto show. [CAO YINGYING/CHINA DAILY] Japanese carmaker Toyota on Wednesday that it will build a wholly-owned subsidiary in Shanghai to develop and produce Lexus-branded electric vehicles and batteries. The subsidiary, which will be located in Shanghai’s Jinshan district, will start production in 2027, said Toyota…
The SE01, a humanoid robot developed by EngineAI Robotics, a Chinese artificial intelligence technology company, undergoes a long-distance walking test in Shenzhen, Guangdong province. [Photo provided to China Daily] The provincial leadership of Guangdong recently vowed to accelerate the construction of a modern industrial system supported by the advanced manufacturing industry to promote its high-quality…