The Chinese yuan has strengthened steadily against the US dollar this year, with the offshore yuan gaining over 2 percent year-to-date. Economists attribute the increase to both external and domestic drivers. Globally, the US economy has been weighed down by high interest rates and trade policy uncertainties, weakening the dollar index. Meanwhile, domestically, China’s resilient…
US flag, Intel logo and words “10% stake” are seen in this illustration taken August 22, 2025. [REUTERS/Dado Ruvic] NEW YORK — US President Donald Trump said Friday Intel’s CEO has agreed to give the US government a company stake worth 10 billion US dollars, roughly equivalent to 10 percent of the chipmaker’s market…
Seniors check out air conditioners at a shopping center in Shanghai. CHINADAILY As China’s silver economy is gaining growth momentum, top Chinese home appliance makers are ramping up efforts to launch products suitable for seniors — a demographic that has shown an increasing demand for diversified, easy-to-use and health-oriented household appliances. Experts said that with…
Following the latest round of economic and trade talks between China and the United States in Stockholm, Sweden, last month, multinational corporations across sectors are reinforcing their commitment to the Chinese market, reflecting growing optimism for mutually beneficial bilateral cooperation. Business leaders highlighted China’s vast consumer base, resilient supply chains and drive for industrial upgrading…
Fast-evolving artificial intelligence is expected to foster new consumption growth drivers and inject strong impetus into China’s consumer market as this cutting-edge digital technology is spearheading a technological revolution and industrial transformation to drive economic growth, said experts and company executives. They said that commercial use of AI in e-commerce and home appliances will not…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – China’s fiscal revenue edged up 0.1 percent year-on-year to over 13.58 trillion yuan ($1.9 trillion) in the first seven months of the year, said the Ministry of Finance on Tuesday. The central government collected over 5.85 trillion…
An aerial drone photo shows a newly-built residential complex in Feixi county of Hefei, East China’s Anhui province. [Photo/Xinhua] BEIJING – Stepping into a model apartment, a homebuyer surnamed Liu was immediately struck by the bright, open layout. Right at the entrance, a small garden seamlessly flowed into the dining area and kitchen, creating a…
Experiencing the signature lotus banquet in Yunnan’s Puzhehei for the first time, German culture blogger Melina Weber was captivated by the creative use of lotus… Read More »German culture blogger falls in love with Qiubei’s lotus banquet
Chinese retail lifestyle brand Miniso opened its Miniso Land in Guangzhou, the capital of Guangdong province, on Tuesday. [Photo provided to chinadaily.com.cn] Chinese retail lifestyle brand Miniso opened its Miniso Land, a high-end store centered on interest-driven consumption, in Guangzhou, the capital of Guangdong province, on Tuesday. The store, located in a typical arcade building…
An aerial view of the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] Six major frontier projects were newly landed in Shanghai’s Lin-gang New Area on Tuesday, when this part of the China (Shanghai) Pilot Free Trade Zone celebrated its sixth anniversary. With combined investment value exceeding 40 billion…