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Exports new driver of China’s auto growth

Unreleased models line up at Chery’s booth at the 2026 Auto China Show in Beijing on April 24. LI FUSHENG/CHINA DAILY China’s auto exports are growing faster than domestic retail sales, according to June sales figures released by major automakers, underscoring a trend analysts say turns overseas expansion from a strategic option into a competitive…

Charting nation’s next phase of development

AI After more than three decades of rapid expansion, China’s economy reached a cyclical peak in the first quarter of 2010 and has since gradually shifted into a phase of medium-speed growth, with the binding constraints on growth evolving from supply shortages to demand insufficiency. From a comparative international perspective, China is now positioned in…

Chip prices weighing heavily on automakers

Visitors inspect Aito M8 models in a shopping mall in Haidian district, Beijing, in February. WANG YUCHEN/CHINA DAILY The rising prices of automotive-grade memory chips are adding pressure on Chinese automakers who face softer sales and narrower margins, prompting them to strengthen cost control and supply chain coordination, industry experts said. The broader rollout of…

China building more diversified, innovative financial system

Pan Gongsheng, governor of China’s central bank, provided a comprehensive overview of the evolving characteristics of the country’s financial structure and changes in financing data in his keynote speech at the 2026 Lujiazui Forum on June 17. Examining the issue from the perspectives of China’s transition to a new stage of economic development, industrial upgrading…

AI experimentation moving to wider industry deployment

Visitors check out the large language model for network operation from Cisco at its exhibition area during the 2025 World Artificial Intelligence Conference in Shanghai on July 29. CHINA DAILY China’s strong industrial base, rapid technology adoption and growing demand for artificial intelligence applications are creating fresh opportunities for global technology companies, as the country…

Matcha boom turns Guizhou tea into era

Tourists buy matcha products at a store in Jiangkou county, Tongren, Southwest China’s Guizhou province, on May 29. SHEN YIKAI/FOR CHINA DAILY GUIYANG — The unlikely success of an instant noodle formula is adding a more diversified flavor to the current matcha boom in Southwest China’s mountainous Guizhou province — the latest product to do…

Safeguards in pipeline for e-commerce

China proposed amendments on Saturday to its e-commerce law that would, for the first time, build a solid legal basis for taking reciprocal countermeasures against foreign entities that impose discriminatory restrictions on Chinese e-commerce companies. The draft amendments, which were jointly released by the State Administration for Market Regulation and the Ministry of Commerce, represent…

Legoland Shanghai draws big crowds in 1st year

Legoland Shanghai Resort celebrated its 1st anniversary on July 5 by smashing a global record. The park welcomed over 2 million visitors in its debut year. John Jakobsen, chief strategic portfolio development officer at Merlin Entertainments, noted that the turnout exceeded expectations, adding: “We have never seen guests as satisfied and positive with the experience as they have…