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Economy keeps on stable growth path

China’s economy has remained on a stable trajectory despite short-term fluctuations, as robust expansion in new growth drivers and resilient foreign trade continued to underpin overall momentum, the country’s top economic regulator said on Friday. Experts said such resilience has helped cushion near-term pressures, and the economy remains well placed to operate within a reasonable…

Over 200 deals set to be signed as investment fair opens in Chongqing

More than 200 projects are set to be signed during the ongoing Western China International Fair for Investment and Trade, held from Thursday to Sunday in Chongqing. [Photo by Li Ye/chinadaily.com.cn] More than 200 projects are set to be signed during the ongoing Western China International Fair for Investment and Trade (WCIFIT), held from Thursday…

Tariff cuts drive Gansu chili powder into US market

Customs officers from Jiuquan Customs, under Lanzhou Customs, inspect chili powder products for export. [Photo provided to chinadaily.com.cn] Chili powder produced in Jiuquan, Gansu province, is gaining traction abroad as tariff adjustments and rising demand help Chinese exporters expand their foothold in the United States market. From January to April, Gansu Xinong Food Technology exported…

Passengers of Shanghai-Buenos Aires flight get free museum admission

Passengers on board the world’s longest one-way flight will be eligible for free admission to 11 museums in Buenos Aires, the capital of Argentina, according to Shanghai-based China Eastern Airlines. [Photo provided to chinadaily.com.cn] Passengers on board the world’s longest one-way flight will be eligible for free admission to 11 museums in Buenos Aires, the capital…

WCIFIT draws heavy UK business presence in Chongqing

The approximately 600-square-meter United Kingdom National Pavilion at the Chongqing International Expo Center in Chongqing’s Liangjiang New Area, was inaugurated on May 21, 2026. [Photo by Deng Rui/chinadaily.com.cn] The United Kingdom has dispatched its largest business delegation in recent years to western China, with over 100 representatives from 65 UK institutions and companies attending the…

Walmart reports strong growth in China, e-commerce sales surge

Walmart Inc reported its first-quarter results for fiscal year 2027 on Thursday, with strong performance in the Chinese unit. Walmart China posted net sales of $8 billion in the first quarter, marking a 22.3 percent increase year-on-year. E-commerce sales were a standout, rising 31 percent and accounting for 50 percent of total sales — up…

China’s zero-tariff policy for African countries benefits coffee industry

Customs officers inspect coffee beans on display at the Hongqiao International Coffee Culture Festival. [Photo/General Administration of Customs] A business environment roundtable forum on China’s zero-tariff policy for African countries and coffee industry services was held at the Hongqiao Import Commodity Exhibition and Trading Center in Shanghai on May 20. Estifanos Daniel Wolde, an Ethiopian…

Lenovo records best-ever fiscal year

Lenovo Group Ltd delivered an exceptionally robust financial result in the quarter which ended in March, the company said, posting the strongest fiscal year in the company’s history on the back of AI growth. During the quarter, overall revenue reached an all-time fourth quarter high of $21.6 billion, up 27 percent year-on-year, marking the highest…

US entrepreneur finds ideal innovation ‘testing ground’ in Shenzhen

Located at the heart of Shenzhen, the core engine of the Guangdong-Hong Kong-Macao Greater Bay Area, Futian district is embracing global innovators and entrepreneurs with world-class business environment. Zachary Haney, an entrepreneur from the United States, hailed Futian as an ideal “testing ground” for turning ideas into reality, thanks to its ultra-fast supply chain and…

Xiaomi unveils new sport SUV, continues full ecosystem strategy

Xiaomi CEO Lei Jun unveils the company’s latest SUV YU7 GT. [Photo provided to chinadaily.com.cn] Xiaomi launched the YU7 GT, a sports car-grade SUV, the YU7 GT on Thursday, as the tech heavyweight doubles down on its ambitious “human-car-home” ecosystem. The move came as Xiaomi founder and CEO Lei Jun announced that the company will invest…