Visteon showcases a smart cockpit solution in partnership with ByteDance’s Volcano Engine at Auto Shanghai, which kicked off on April 23, 2025. [Photo provided to chinadaily.com.cn] Visteon, a global leader in automotive electronics, and China’s Volcano Engine, the cloud service platform under ByteDance, unveiled a cutting-edge AI-powered smart cockpit solution on Wednesday at Auto Shanghai…
China made significant strides in intellectual property development in 2024, ranking 11th in the Global Innovation Index and recording notable achievements in patent grants, trademark registrations, and copyright filings, according to a press conference Thursday. Tanks to chinadaily.com.cn Please visit: Our Sponsor
China, amid a global landscape marked by rising protectionism tendencies and economic volatility, has vowed to boost domestic demand and expand opening-up, which will contribute to global economic stability, and anchor foreign business confidence in China, said a senior executive with a US company. “The fundamentals of China’s economy are sound and the country’s development…
BEIJING – China will continue to expand high-standard opening up and safeguard the legitimate rights and interests of foreign-funded enterprises, Ling Ji, vice-minister of commerce and deputy China international trade representative, said on Wednesday. At a roundtable discussion in Beijing attended by representatives from over 80 foreign-funded enterprises and foreign chambers of commerce in China,…
Momenta CEO Cao Xudong speaks at the Auto Shanghai on April 24, 2025. [Photo provided to chinadaily.com.cn] Chinese autonomous driving startup Momenta announced on Thursday it had reached strategic cooperation deals with six major auto brands, primarily overseas ones, during Auto Shanghai. The auto brands are SAIC GM’s Buick and Cadillac, FAW Toyota, Honda China,…
Visitors watch a floor cleaning robot at Dreame’s booth at IFA Berlin 2024 in Germany in September. [Photo/Xinhua] BEIJING — China, once deemed “factory of the world” for churning out low-cost products and serving as a contract manufacturing hub for multinational brands, is now seeing its consumer electronics enterprises ride the AI wave to move…
Global automation and electrification leader ABB is doubling down on its commitment to China, forging closer collaborations to accelerate the digital transformation of the nation’s energy and industrial sectors, a top executive said. “Among the sectors ABB Energy Industries, a division of ABB, is supporting in China, such as power, water, chemicals and pharmaceuticals, we…
BEIJING – China’s total outbound direct investment (ODI) rose 6.2 percent year-on-year to $40.9 billion in the first quarter (Q1) of 2025, according to data released Thursday by the Ministry of Commerce. In the first three months of the year, non-financial ODI went up 4.4 percent to $35.68 billion, He Yadong, a ministry spokesperson, said…
“There is no substitute for China,” Gary Rosen, CEO of Accor Greater China, said in an interview with China Daily. He believes that “the next China is China”, and “there’s so much that’s coming out of China that the world will benefit from”. Rosen stated that sustained economic growth, recent favorable policies, and rising household…
BEIJING – China’s central bank on Thursday said that it will issue 600 billion yuan ($83.22 billion) of one-year medium-term lending facility (MLF) loans on Friday. With 100 billion yuan in MLF funds maturing this month, the move will result in a net liquidity injection of 500 billion yuan. The net injection of MLF this…