Chinese tech giant Tencent launched an ambitious suite of initiatives aimed at boosting domestic consumption and expanding jobs on Thursday, marking its largest-ever consumption subsidy and graduate recruitment drive. As part of its new trade initiative, Tencent introduced 10 support measures to help foreign trade companies tap into China’s domestic market, and estimated the plan…
Dongguan in South China’s Guangdong province is a busy port on the Pearl River. [Photo provided to China Daily] Guangdong province, China’s biggest foreign trader, purchased 798.15 billion yuan ($112.42 billion) worth of products from overseas nations and regions in the first quarter of the year. The figure witnessed a year-on-year growth of 9.3 percent,…
Taobao, China’s e-commerce platform. [Photo/VCG] Chinese e-commerce platform Taobao has surged to the top of Apple App Store’s free download charts in 16 countries as a large number of overseas consumers are flocking to the online marketplace to buy products directly from Chinese suppliers amid US tariff hikes. Data from third-party data analytics company showed that…
The view of Shanghai’s CBD is seen in this photo. [Photo/VCG] Shanghai’s Pudong New Area, which is positioned to pioneer China’s socialist modernization, released a set of 14 new measures on Tuesday to step up its efforts to attract foreign investment, which is conducive to the advancement of more reform and opening-up attempts. The new…
UBTech’s humanoid robots work on the production line in Zeekr’s smart factory in Ningbo, Zhejiang province, on March 1. CHINA DAILY Automakers are ramping up investments in the humanoid robotics field, a frontier where industry experts see an alignment with manufacturing. Technological advancements and real-world testing are anticipated to initiate the large-scale use of humanoid…
A man carries a pet cat by Huangpu River in Shanghai on April 5.[TANG YANJUN/CHINA NEWS SERVICE] China’s pet industry recovered strongly in 2024, with the urban consumption market for pet dogs and cats surpassing 300.2 billion yuan ($41.1 billion), up 7.5 percent year-on-year, according to the 2025 China Pet Industry White Paper recently released…
Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May 2024. [Photo/Xinhua] It is commonplace in China, as in many parts of the world, that people check the energy label before they buy an appliance, be it a refrigerator or an air conditioner. Now they can do the same…
Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. [Wang Gang/For China Daily] Chinese companies are positive about seizing opportunities and navigating through uncertainties amid the ongoing tariff and trade tensions, driven by a diversified global business footprint and efficiencies brought on by the application of advanced technologies, experts and…
This photo taken on April 10, 2025 shows the Hainan International Convention and Exhibition Center, the main venue of the upcoming fifth China International Consumer Products Expo (CICPE) in Haikou, Hainan province. [Photo/Xinhua] British businesses are seizing the spotlight as the United Kingdom takes center stage at the 5th China International Consumer Products Expo in…
The skyline of Beijing. [Photo/VCG] China’s economy expanded 5.4 percent year-on-year in the first quarter of 2025, official data showed on Wednesday, beating market expectations and marking a good start for the year amid uncertainties triggered by the United States’ tariff policy. Although the US’ volatile tariffs continue to cloud the global economic outlook, officials…