BEIJING — Chinese authorities on Monday unveiled a plan to keep the country’s machinery industry growing steadily in 2025-2026. China expects the industry’s operating revenue to reach 10 trillion yuan (about $1.4 trillion) from 2025 to 2026, according to the plan jointly issued by the Ministry of Industry and Information Technology and five other government…
Ian Shih, president of Rockwell Automation (China) Ltd Rockwell Automation, a US-based industrial automation company, is banking on opportunities from China’s digital and green transition, as the future growth drivers of China’s economy will increasingly come from emerging industries such as green technology, smart manufacturing and the digital economy, a senior executive said. The keywords…
BEIJING — The Ministry of Industry and Information Technology announced on Monday that it has granted China Mobile a license to operate satellite mobile phone service. This means that the three major mobile phone service providers — China Mobile, China Telecom and China Unicom — are now all licensed to provide direct-to-cell satellite coverage for…
China is doubling down on consumer lending as a policy lever to stimulate spending, while simultaneously tightening safeguards to prevent the buildup of financial risks. The government’s recent rollout of fiscal subsidies for personal consumption loans reflects a push to ease borrowing costs and unlock household demand, but regulators and banks are also moving to…
Chen Liming, president of Horizon Robotics, speaks at a roundtable session at the World New Energy Vehicle Congress on Sept 28, 2025. [Photo provided to chinadaily.com.cn] AI technology is moving from supporting role to the very core of the automotive industry, ushering in the era of “AI-defined cars”, said Horizon Robotics President Chen Liming. “The…
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BEIJING — China’s State-owned and State-controlled enterprises saw their performance improve during the first eight months of 2025, official data showed on Monday. The combined operating revenue of these firms increased by 0.2 percent year-on-year to 53.96 trillion yuan ($7.59 trillion) during the period, improving compared to the January-July period, according to the Ministry of…
Elaine Chang, the new group general manager for Visa Greater China. [Photo provided to chinadaily.com.cn] Visa, a world leader in digital payments, announced on Monday that Elaine Chang has been appointed as group general manager for Visa Greater China. Chang succeeds Shirley Yu, who is retiring at the end of the year. Chang’s career spans…
A staff member (right) introduces credit card business for the elderly to a visitor during the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare Shanghai 2025 in Shanghai on June 11. CHINA DAILY China’s credit card sector is facing mounting headwinds, with outstanding balances, transaction volumes and profitability trending downward in the first half of…
Porsche debuts its next-generation China-exclusive in-car infotainment system at the 2025 World New Energy Vehicle Congress in Haikou, Hainan province, on Sept 28. [Photo provided to chinadaily.com.cn] German sports car maker Porsche debuted its future in-car infotainment system at the 2025 World New Energy Vehicle Congress in Haikou, Hainan province, on Sunday, reinforcing its “in…