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China’s economic growth set to higher than global average

Ernesto Torres Cantu, head of International at Citi. [Photo provided to chinadaily.com.cn] China’s economic growth is poised to outshine the global average this year, underpinned by the dynamism of its innovation-driven private sector and the rapid expansion of future-oriented industries, a senior executive said. “The private sector in China is truly remarkable, with business leaders…

Shanghai prepares for Spring Festival rush with NEV infrastructure

An intelligent mobile charging robot is charging a new energy vehicle. [Photo provided to chinadaily.com.cn] To alleviate parking and charging congestion during the upcoming Spring Festival, the most significant annual celebration in the country, Shanghai has come up with additional photovoltaic power generation facilities, intelligent battery swapping stations and charging robots to prepare for the…

West Air takes delivery of first A319neo with DPOS

West Air’s first Airbus A319neo aircraft with DPOS arrives at Chongqing Jiangbei International Airport on Thursday. The aircraft will shoulder flights bound for destinations in Yunnan province. LUO BIN/FOR CHINA DAILY An Airbus A319neo aircraft equipped with a decentralized pulse oxygen system (DPOS) arrived at Chongqing Jiangbei International Airport from Hamburg, Germany on Thursday, to support…

Fresh measures to fuel new energy vehicle sector

Employees work at an auto production facility in Jinhua, Zhejiang province, in April 2024. [HU XIAOFEI/FOR CHINA DAILY] China is set to roll out a series of targeted measures to fuel growth in its new energy vehicle sector, as part of broader efforts to stabilize key industries and drive economic growth, said the country’s top…

Lhasa import fair attracts more foreign merchants

A stall selling bronze wares from Pakistan at the imported goods fair inside the Gakyiling Plaza Shopping Mall in Lhasa, Xizang autonomous region on Thursday. PALDEN NYIMA/CHINA DAILY An imported products fair kicked off on Thursday in Lhasa, the capital of the Xizang autonomous region, featuring non-staple Russian food, medicine from Thailand, Nepalese handicrafts, bronze…

China issues 4.72t yuan in new local govt bonds in 2024

A clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s local governments issued new bonds worth 4.72 trillion yuan ($658.25 billion) in 2024, data from the Ministry of Finance showed Friday. Of the total, special bond issuance came in at 4.02 trillion yuan, while the issuance of general bonds…

More internet users turn to online learning in 2024

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Wahaha pays out 2.4 billion yuan to frontline workers

[Photo/VCG] In 2024, beverage producer Wahaha Group paid 2.4 billion yuan in salaries to its frontline workers, a 20 percent year-on-year increase, according to a report by The Paper on Thursday. This represents an additional 400 million yuan compared to the previous year. The average salary for production workers rose by 23 percent, while frontline…

Moments from the 2025 WEF annual meeting in Davos

People attend the World Economic Forum (WEF) annual meeting in Davos, Switzerland, on Jan 23, 2025. [Photo/Xinhua] Scientific and technological innovation and artificial intelligence have become new growth points in the world economy. To that effect, promoting intelligence-related industries is one of the focal points of discussions at the 2025 World Economic Forum Annual Meeting.…