Honda’s electric Ye Series are produced in China via its joint ventures with GAC and Dongfeng. [Photo provided to chinadaily.com.cn] Japanese carmaker Honda has announced a major shift in its development strategy, leveraging Chinese technology to meet the rapidly evolving expectations of local car buyers in China. Honda unveiled the plan on Wednesday at Auto…
Supply chains and retailers in the country must enhance coordination to accelerate the focus shift of export-oriented enterprises toward the domestic market and help stimulate internal consumption, a senior official at the China General Chamber of Commerce has said. Fu Longcheng, deputy head of the chamber, said that while export-to-domestic sales is not a new…
Desiree Bollier, chair and global chief merchant of the Bicester Collection told China Daily in an exclusive interview that with China being a key market, the London-based luxury outlet shopping village operator anticipates more growth in the world’s second-largest economy. “China is a huge economy. It’s a force that stands in its own weight and…
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Visitors check out exhibited vehicles at the 21st Shanghai International Automobile Industry Exhibition held in Shanghai, on April 23, 2025. [Photo by Gao Erqiang/chinadaily.com.cn] Themed “Embracing Innovation, Empowering the Future,” the exhibition, also known as Auto Shanghai 2025, kicked off here on Wednesday, attracting nearly 1,000 noted enterprises from 26 countries and regions. Tanks to…
SAIC Motor emphasizes “global vision and local craftsmanship” in its new overseas strategy at Auto Shanghai, which kicked off on April 23, 2025. [Photo provided to chinadaily.com.cn] SAIC Motor unveiled its “Glocal Strategy” on Wednesday, vowing to strengthen its international presence by combining global reach with local adaptation. The strategy, which the carmaker said starts…
A technician debugs a humanoid robot at a technology company in Shenzhen, Guangdong province, on March 27. LIANG XU/XINHUA China’s emphasis on bolstering the application of fast-evolving artificial intelligence technology in a wide range of sectors will advance industrial upgrades and inject fresh momentum into high-quality economic growth, while creating immense business opportunities for multinational corporations…
Officials from Fuzhou Customs inspect goods at a power generator manufacturer in Fujian province. CHINA DAILY Propelled by surging global electricity demand and accelerated infrastructure development, China’s power equipment exports will maintain robust growth throughout 2025, said generator manufacturers on Wednesday. They said rising opportunities stem from foreign tech companies’ soaring power needs to develop…
China will kick off on April 24 the issuance of this year’s ultra-long-term special treasury bonds — a major off-budget tool to boost growth and address structural challenges — worth 1.3 trillion yuan ($178.3 billion), as policymakers front-load fiscal stimulus moves to proactively counter the incoming demand shock stemming from US tariffs. To be issued…
Visitors check out NIO’s new brand Firefly at the 21st Shanghai International Automobile Industry Exhibition held in Shanghai, on April 23, 2025. [Photo/VCG] SHANGHAI – Chinese EV maker NIO will expand its Firefly brand to another 16 countries across five continents this year, targeting the fast-growing global compact car market, the company announced at a…