China’s manufacturing sector is increasingly defining the global benchmark for industrial speed, scale and technology adoption, and is reshaping how advanced factories are built globally, Joerg Gnamm, head of global manufacturing at Bain & Company, said. Speaking in an exclusive interview with China Daily at the sidelines of the Summer Davos, Gnamm said China’s industrial…
BEIJING — The World Bank on Tuesday released its latest China Economic Update in Beijing, saying that China’s economic growth has remained resilient despite supply-demand imbalances and global energy supply disruptions. The report noted that China’s economy was supported by strong high-tech investment and exports in early 2026, adding that policy support, high-tech investment and…
In 2025, 31.1% of all overnight stays in tourist accommodations across the EU took place during the 2 busiest months; in all EU countries these were August and July. The seasonality of tourism is driven by environmental factors, such as climate conditions and geographical location, together with social and cultural influences, such as school holidays.…
A visitor interacts with a humanoid robot during the Digital Economy Industry Expo in Beijing on Thursday. CHEN XIAOGEN/FOR CHINA DAILY China’s embodied artificial intelligence industry registered robust growth and showcased multiple positive trends in the first five months of this year, according to the latest data from the State Taxation Administration. The surge aligns…
With the 2026 FIFA World Cup in full swing across the United States, Canada and Mexico, passion-driven travel is gaining momentum among Chinese travelers, as football fans extend their stays, add more stops to their itineraries and venture beyond host cities, Airbnb data showed. Airbnb, a US-based online accommodation platform, said bookings by Chinese users…
The People’s Bank of China will increase the allocation of national foreign exchange reserve assets in Hong Kong while expanding the Bond Connect program as part of a broader package of measures to strengthen the city’s role as an international financial center, PBOC Governor Pan Gongsheng said on Tuesday. Speaking at the Hong Kong FIC…
Continental has announced to sell its ContiTech group sector to an affiliate of Lone Star Funds for 4 billion euros ($4.58 billion), which will turn the German auto parts giant into a pure-play tire manufacturer for the first time in its 155-year history. The transaction, which is subject to regulatory approval and is expected to…
SEOUL – Samsung Electronics’ second-quarter profit hit a record high for a third consecutive quarter amid a soaring demand for semiconductors used in artificial intelligence (AI) chipsets, the company said Tuesday. The South Korean tech giant’s preliminary operating profit reached 89.4 trillion won ($58.5 billion) in the April-June quarter, up 1,810.26 percent from a year…
Christian Sewing, CEO at Deutsche Bank. [Photo provided to chinadaily.com.cn] Deutsche Bank remains optimistic about the long-term development of the Chinese economy and regards China as a key market in the Asia-Pacific region, Christian Sewing, CEO at Deutsche Bank, said following his visit to the region last week. “I spent the first couple of days…
BEIJING — China has finalized and issued its full list of this year’s key construction projects aimed at implementing major national strategies and building security capacity in key areas, the country’s top economic planner said Monday. The National Development and Reform Commission said the third and final batch of such projects for 2026 was issued…