Elevator and escalator manufacturer KONE is doubling down on the Chinese market, its largest single market, as it rolls out ambitious modernization and digitalization initiatives. The Chinese market accounts for about 20 percent of the company’s global revenue. Joe Bao, president of KONE Greater China, said: “China hosts our largest manufacturing site, serving the local market…
Charles Leclerc walks into the Shanghai paddock on March 12. [Photo provided to chinadaily.com.cn] As the Formula 1 Chinese Grand Prix returns to Shanghai this month, PUMA SE is turning the fast-paced racing event into a growth engine for its ambitions in the world’s second-largest sportswear market. The German brand is leveraging the glamour and speed…
Chinese Vice-Premier He Lifeng will lead a delegation to France from Saturday to Tuesday for the sixth round of China-US economic and trade consultations, the Ministry of Commerce said on Friday. China urged the United States to correct its wrongdoings and return to the right track of resolving issues through dialogue and consultation, the ministry…
BEIJING – Chinese Vice-Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, will lead a delegation to France to hold economic and trade talks with the United States from March 14 to 17, China’s Ministry of Commerce announced on Friday.A ministry spokesperson said in a statement…
The first “Hualong One” nuclear power unit in the Yangtze River Delta region, Unit 1 of the Zhejiang San’ao Nuclear Power Project, successfully connected to the grid on Thursday. This achievement represents a critical step toward the goal of full commercial operation, China General Nuclear Power Group, the country’s largest nuclear power plant operator by…
Editor’s Note: This year’s two sessions, which opened on March 4, come at a pivotal moment as China embarks on its 15th Five-Year Plan (2026-30). We invited executives from multinational corporations to share their perspectives on the resilience of China’s economic growth, the role of their China operations within global strategies, and their outlook for…
BEIJING – China’s Ministry of Commerce said on Friday that the US Section 301 trade investigation aimed at 16 economies under the pretext of “overcapacity” is a typical unilateralist act that severely disrupts the international economic and trade order.In a statement, a ministry spokesperson said that a World Trade Organization (WTO) panel has long ruled…
China’s wind power sector has reached a historic milestone, propelling domestic manufacturers to the forefront of the global energy transition, according to a recently released report. For the first time, Chinese turbine makers have swept the top six positions in the global market share rankings, as the nation became the world’s first market to add…
Visitors check out Digital China’s products at the company’s booth during the 2025 World AI Conference in Shanghai in July. CHINA DAILY The application of artificial intelligence should be expanded into more core industrial scenarios in order to step up China’s smart economy development and spur its modernization drive, said scholars and business executives. The…
Visitors check out Digital China’s products at the company’s booth during the 2025 World AI Conference in Shanghai in July. CHINA DAILY The application of artificial intelligence should be expanded into more core industrial scenarios in order to step up China’s smart economy development and spur its modernization drive, said scholars and business executives. The…