China’s trial program offering incentives via issued invoices is beginning to boost consumption, with 230 million participants and total prize money of 1.85 billion yuan ($260 million) as of March 12, according to latest data from the State Taxation Administration (STA). In an effort to promote consumer spending, three central departments launched a six-month pilot…
Tim Cook, CEO of Apple, in Chengdu, Sichuan, on Wednesday. [Photo provided to chinadaily.com.cn] Apple CEO Tim Cook underlined the importance of China to the United States tech company on Wednesday, when he attended an event in Chengdu, the capital of Sichuan province, celebrating Apple’s 50th anniversary. “We select China because China is so important…
GAC Group, in collaboration with tech giant Huawei, launched a new high-end intelligent electric brand, AISTALAND, on Tuesday evening in Guangzhou, Guangdong province. [Photo provided to chinadaily.com.cn] A new high-end intelligent electric vehicle brand called AISTALAND, jointly developed by GAC Group and tech giant Huawei, was launched on Tuesday evening in Guangzhou, the capital of…
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Euro area The first estimates of euro area balance showed a €1.9 bn deficit in trade in goods with the rest of the world in January 2026, compared with – €1.4 bn in January 2025. The euro area exports of goods to the rest of the world in January 2026 were €215.3 billion, a decrease…
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Chinese tea beverage chain Chagee has announced that it will officially enter the South Korean market, with its first store slated to open in Seoul’s business hub Gangnam in the second quarter of this year. Chagee said it plans to complement the flagship location with two additional outlets in key urban hubs — one at…
Tencent Cloud rolled out an upgraded enterprise-grade solution on Wednesday aimed at making technology safer and easier to deploy at scale, as the rapid rise of OpenClaw fuels business interest to embed artificial intelligence into daily operations. Tencent Cloud said it has enhanced its agent development platform with a new offering dubbed “ADP Claw”, designed…
Seeing China as not only a key market, but also a place with significant potential for long-term growth, innovation and partnership, Haleon, a British consumer health company, has reiterated its long-term commitment to the country, announcing plans for a new manufacturing facility for oral care products. Brian McNamara, CEO of Haleon, said: “Every visit reinforces…
Audi AG CEO Gernot Doellner delivers a speech on March 17, 2026. [Photo provided to chinadaily.com.cn] Audi AG’s sales revenue reached 65.5 billion euros ($75.5 billion) in 2025, slightly up from 64.5 billion euros in 2024, thanks to record-making EV sales and intragroup sales of Cupra vehicles, said the German premium carmaker on Tuesday. However,…