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Europe fertile ground for Chinese companies

An Xpeng G6 SUV on display during the Goodwood Festival of Speed in England on July 10. JOHN KEEBLE/GETTY IMAGES Chinese automakers have shown strong growth in Europe, a region long dominated by German and American brands as the cradle of the global auto industry. Their performance reached a new high in the first half of…

Hainan policy to boost investor appeal

An aerial drone photo shows a duty-free shopping mall in Sanya, South China’s Hainan province, May 29, 2025. [Photo/Xinhua] Customs operations at the Hainan Free Trade Port, which will be completely independent island-wide from mid-December, are expected to strengthen the port’s connectivity with Asia-Pacific economies and boost its appeal to global investors, said market watchers…

Green shoots of recovery for global brands in China

Visitors inspect a Buick GL8 from SAIC-GM during the 28th anniversary celebration at West Bund in Shanghai on July 13. YING TANG/GETTY IMAGES Several global carmakers are now showing signs of recovery in China — thanks to a wave of bold localization strategies aimed at reclaiming relevance in a market increasingly dominated by domestic brands and…

Agents powered by smart tech new game-changer

Artificial intelligence agents serve as the predominant method to bolster the deployment of large language models as this cutting-edge technology can autonomously execute complex tasks across a multitude of industries, while liberating people from repetitive work, said Zhu Guangxiang, head of Baidu’s Miaoda product. AI agents have immense growth potential in the field of application…

Global industry eyes China’s high-speed rail for future growth, connectivity

This photo shows a prototype of CR450 bullet train undergoing tests in Beijing, capital of China, Feb 25, 2025. [Photo/Xinhua] BEIJING — Weeks after the conclusion of the 12th International Union of Railways (UIC) World Congress on High-Speed Rail, industry leaders are still taking stock of China’s rapid railway development and its expanding global influence.…

China drafts new rules to guide, evaluate government investment funds

BEIJING — China’s National Development and Reform Commission announced on Wednesday that it is soliciting public opinions on draft plans to guide and evaluate government investment funds, aiming to better leverage their role in serving national strategies, boosting industrial upgrading, and fostering innovation and entrepreneurship. The draft plan on guiding government investment funds is designed…

Robotaxis move from hype to becoming a reality

Schoolchildren take a tour in Baidu robotaxis in Chongqing on June 1. CHEN SHICHUAN/FOR CHINA DAILY Self-driving cars have seemed the ultimate unfulfilled promise. Everyone from Tesla boss Elon Musk to ousted Nissan chairman Carlos Ghosn has hailed the impending mass arrival of vehicles that can dispense with human drivers, only for much-hyped timelines to…

Alibaba Cloud ramps up efforts in open-source AI

Visitors gather at Apsara Conference, Alibaba Cloud’s annual flagship event, in Hangzhou, Zhejiang province. LONG WEI/FOR CHINA DAILY Alibaba Cloud, the cloud computing arm of Alibaba Group, is doubling down on open-source artificial intelligence models as the tech heavyweight aims to bolster the application of fast-evolving tech in a wider range of sectors, and make…

Renewables capacity doubles in first half

Technicians check power facilities with the help of a robot in Chuzhou, Anhui province. SONG WEIXING/FOR CHINA DAILY China’s newly installed wind and solar power capacity nearly doubled year-on-year during the first half of this year, as the country ramps up its transition to cleaner energy sources, data from the China Electricity Council showed. Newly…

MIIT pledges openness for US business

China’s top industry regulator reaffirmed the country’s commitment to supporting foreign-funded enterprises during a meeting with major US companies, including Apple Inc, in Beijing on Tuesday. Li Lecheng, minister of industry and information technology, said his ministry will continue to offer strong service support for US firms operating in China. He encouraged US companies to…