Foreigners in Hunan handle business at the one-stop service center for foreigners working in China at the Hunan Pilot Free Trade Port Zone. [Photo provided to chinadaily.com.cn] Hunan province has introduced two policy packages designed to strengthen its appeal to international investors and professionals.The new measures focus on streamlining business processes and deepening cooperation with…
Liu Mingjuan, a leading expert on compliance management, calls on enterprises to establish effective risk management mechanism in the global environment during the Thirteenth China International Anti-corruption Compliance Summit held on May 28-29, 2024, in Shanghai. [Photo provided to chinadaily.com.cn] A leading Chinese expert has noted the importance of implementing innovative digital assessment and monitoring…
China has granted more export approvals of rare earth elements to European companies recently, the European Union Chamber of Commerce in China said on Friday. The relaxation came after a meeting in late May hosted by the Chinese Ministry of Commerce, where the rare earth controls were discussed among Chinese and European semiconductor firms. “There…
Developers in China generated $539 billion in total billings and sales in Apple’s App Store system in 2024, showcasing the vitality and innovation prowess of China’s software developers, according to a new study by Boston University Questrom School of Business and the market research company Analysis Group. In comparison, the total billings and sales numbers…
Workers and robotic arms operate at the production line of Volkswagen Anhui, the carmaker’s first electric vehicle joint venture in China, in Hefei, Anhui province, on May 21. [Photo provided to CHINA DAILY] At the Auto Shanghai show in April, an executive of Volkswagen — one of the world’s biggest auto manufacturers — made a…
When Xi Jinping took power in 2013, many expected China to become the EU’s top export market. But in a twist few would have predicted back then, 2025 will mark the Swiss Switch: EU exports to Switzerland are set to overtake those to China by 20%. The shift was already in motion after COVID, and…
In an interview with China Daily Website, Bostjan Demsar, general manager of Domel Electric Motors Suzhou, emphasizes China’s significance as a “very big, highly developed” market. With 20 years operating experience in Suzhou, the company thrives on localized production, sourcing majority of its suppliers from China. This fosters powerful collaborations, enabling Domel to serve diverse…
Driven by burgeoning inbound tourism and robust growth in the knowledge-intensive service sector, China’s trade in services registered swift expansion in the first four months of the year, underscoring the country’s efforts in fostering new growth drivers amid rising trade barriers, analysts said. Although uncertainties still cloud tariff negotiations with the United States, China is…
Jeff Dodds, chief executive officer for Formula E told China Daily in a recent exclusive interview that the championship’s ambition is to be the biggest racing event in the world and a lot of that ambition will be supported and realized by the growth in the Chinese EV market. Also, he revealed that China may…
Visitors take pictures of the BYD Yangwang U9 supercar at the Shenzhen auto show on May 31. [Photo provided to China Daily] Unlike the Shanghai auto show, which brims with numerous new car debuts, the Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen centers more on consumers, serving as a hub for enthusiasts…