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China-Africa corridor enters new era of industrial, green cooperation

Youssef Rouissi, deputy CEO of Attijariwafa bank, speaks at the China-Africa Financial Bridges Forum 2026 in Beijing on Wednesday. CHINA DAILY The China-Africa corridor is emerging as one of the world’s most important economic partnerships as cooperation shifts beyond traditional resource trade toward industrial development, green investment and deeper supply-chain integration, business and financial leaders…

Quectel sues US DoD over blacklisting

Chinese wireless communications module maker Quectel Wireless Solutions sued the US Department of Defense recently after Washington placed the company on a blacklist of firms allegedly linked to China’s military. “Quectel has always operated with integrity, transparency and full compliance with the laws and regulations of every jurisdiction in which we do business,” the company…

Young Russian builds biz bridges in Xi’an

Every year, more than 1.5 million Russians cross the border into China, a country they see as full of opportunities. More than 50,000 Russians have already settled across the nation. From the chilly province of Heilongjiang to the tropical island of Hainan, from the bustling metropolis of Shanghai to the historic capital of Beijing, an…

Crackdown on ‘invoicing economy’

China’s tax authorities have deepened the rectification of the so-called invoicing economy to curb irregular investment attraction while ensuring the normal invoicing needs of compliant enterprises. From January to April, the invoiced amount in six industries with a high concentration of enterprises involved in irregular investment attraction — including the comprehensive utilization of waste resources;…

‘Auto sector heading toward convergence’

Luxeed, a joint brand of Chery and Huawei, showcases its models at Auto China 2026 in Beijing in late April. LI FUSHENG/CHINA DAILY Rapid technological convergence and intensifying competition are making cars increasingly similar in China’s new energy vehicle industry, raising questions about profitability and long-term differentiation in the world’s largest auto market. Speaking during…

Magnum pins growth on Chinese cravings for sweet indulgence

A boy enjoys ice cream at a Magnum pop-up store on Hubin commercial street in Hangzhou, Zhejiang province, on May 4. CHINA DAILY At a sprawling factory in Taicang, Jiangsu province, Peter ter Kulve, CEO of The Magnum Ice Cream Company, watched as a robot dog patrolled the factory complex. Nicknamed Ne Zha, the robot…

Protectionism undermines China-EU cooperation

CAI MENG/CHINA DAILY As the global wave of green transition accelerates, major-power competition is increasingly intertwined with the green economy race. The European Union, once a pioneer and leader in the global green transition, is now facing growing concerns over its technological and industrial competitiveness, and remains highly vigilant about China’s position in global green…

Policies set to fuel greater innovation

At the Brain-Computer Science Innovation Demonstration Center in the Yuhang district of Hangzhou, in East China’s Zhejiang province, an employee of neurotechnology company BrainCo, who lost his arms, has rekindled his passion for calligraphy, using an intelligent bionic hand to hold a brush and write with ink. Behind the scenes is BrainCo’s non-invasive brain-computer interface…

China brewing up business for African coffee beans

Visitors try Ethiopian coffee during an expo in Shanghai. MENG CHENGUANG/XINHUA China’s zero-tariff policy for 53 African diplomatic partners took effect on May 1, boosting coffee imports via Shanghai, China’s key port, and benefiting numerous African coffee farmers. The Hongqiao International Coffee Industry Chain Ecosystem Conference was held in Shanghai from Tuesday to Wednesday. Its…

Potential of China trade fair is explored

The China International Fair for Investment and Trade is to be built into a landmark event under the “Invest in China” initiative and a key public platform to promote two-way investment, a senior Chinese investment promotion official has said. The same official talked up its potential of playing an increasingly vital role in guiding global…