SAIC Buick introduced its new energy sub-brand Electra and prototype vehicles during the launch event on Monday in Shanghai. [Photo provided to chinadaily.com.cn] SAIC-GM’s Buick marque revealed its new energy sub-brand Electra and introduced the all-new Buick Xiao Yao Super Architecture on Monday evening. “The wave of the new energy revolution has positioned China as…
Tourists go boating in Sanya, South China’s Hainan province on July 23, 2024. [Photo/Xinhua] HAIKOU — Driven by booming tourism, innovative policies and robust retail growth, China’s island province of Hainan is rapidly becoming a vital domestic and international consumption destination, said a white paper released during the 5th China International Consumer Products Expo. “The…
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BEIJING — China’s e-commerce sector has reported steady growth in the first quarter of the year, boosted by the country’s pro-consumption policies such as its large-scale consumer goods trade-in program, the Ministry of Commerce said on Monday. Official data shows that China’s online retail sales totaled 3.6 trillion yuan ($499.6 billion) in the first quarter,…
BEIJING — China’s bank wealth management market enjoyed steady growth momentum in the first quarter, industry data indicated on Tuesday. The balance of wealth management products stood at 29.14 trillion yuan ($4.04 trillion) at the end of March, up 9.41 percent year-on-year, according to the latest data provided by the China Banking Wealth Management Registration…
China is gearing up for a new phase of coal power upgrades to hasten its transition toward cleaner and greener energy, said officials and experts on Monday. This round of upgrades will focus on enhanced peak-shaving capability, strong support for volatile new energy power, high resilience and lower emissions. It proposes key tasks in four…
Cainiao Group, the logistics arm of Chinese tech heavyweight Alibaba Group, on Tuesday announced the launch of a cross-border “green channel” designed to help the country’s exporters expand their footprint in overseas markets in response to new rounds of United States’ tariff hikes. Leveraging its network of over 40 overseas warehouses in Europe, the US,…
Merchants visit the “Invest in China” area of the 24th China International Fair for Investment and Trade (CIFIT) in Xiamen, Fujian province, Sept 8, 2024. [Photo/Xinhua] China is stepping up efforts to attract foreign capital and deepen two-way investment cooperation, underscoring the nation’s firm commitment to high-level opening-up and the vast potential of its market…
A billboard on a building in Shanghai shows major stock indexes on Monday. [CHINA DAILY] With rising strategic importance in terms of improving expectations and boosting confidence, China’s capital market now provides opportunities for both Chinese and foreign investors as global economic growth stagnates due to Sino-US trade frictions, experts said. Their comments followed messages…
China will accelerate the expansion of the service sector’s opening-up, a practical action meant to inject more certainty and stability into the world in light of intensifying global unilateralism and protectionism, the Ministry of Commerce said on Monday. The ministry has issued a guideline for accelerating the implementation of a comprehensive pilot program to expand…