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Summer Reading: The Boring Tech Blind Spot
We often hear that the U.S., and to some extent the EU, have “abandoned” their industrial base. But that claim deserves a closer look. The truth is more complicated, and the blame less clear-cut. What we call the boring tech blind spot refers to essential but overlooked technologies, the kind that get sidelined not because…
Supermarket chains on recovery track as major players post uptick in sales
Consumers browse products at a Sam’s Club store in Wuhan, Hubei province, on June 1. LI CHANGLIN/FOR CHINA DAILY China’s top 100 supermarket chains recorded sales of 900 billion yuan ($125.38 billion) in 2024, up 0.3 percent year-on-year, with the total number of stores reaching 25,200, according to the latest report by the China Chain Store…
Tax policy to be in line with global norms
A taxation bureau official (left) answers a taxpayer’s queries in Fuzhou, capital of Fujian province. [Photo/Xinhua] Chinese tax authorities are stepping up efforts to ensure residents declare and pay taxes on overseas income, as part of broader efforts to enhance cross-border tax transparency and bring China’s enforcement in line with international standards, industry experts said…
Tech edge heralds more dynamism in Chinese enterprises: Accenture
A technician debugs a humanoid robot at a technology company in Shenzhen, Guangdong province, on March 27. LIANG XU/XINHUA Chinese enterprises have gradually moved away from a reliance on scale-driven growth toward high-quality growth, mainly driven by increased investment in technological innovation, accelerated global expansion and continued capital input in digitalization, said Samantha Zhu, chairperson…
China now key part of Flender Group’s global production network
A view of Flender Group’s factory in Tianjin in July 2024. XINHUA TIANJIN — Flender Group, a leading global supplier of mechanical drive systems based in Bocholt, Germany, will continue to maintain its firm presence in China to serve customers and markets, Gou Jianhui, chairman of the board and CEO of Flender Ltd China, told Xinhua…
China-Vietnam freight train cargo volume sees sharp growth in H1
Containers are loaded onto a China-Vietnam freight train at Nanning International Railway Port in Nanning, capital of South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] NANNING — In the first half of 2025, freight trains departing from South China’s Guangxi Zhuang autonomous region heading to Vietnam, transported a total of 18,870 TEUs (twenty-foot equivalent units) of…
Growth target of 5% achievable despite trade uncertainties
Containerships dock at a port in Shanghai on Sunday. JI HAIXIN/FOR CHINA DAILY China’s 2025 growth target of around 5 percent remains achievable despite major trade disruptions, while a sustained recovery will hinge on structural reforms to bolster consumer confidence and unlock long-term growth potential, said a renowned expert. “As long as tariffs stay at…
Heatwaves ignite cooling economy across China
Share – WeChat An aerial drone photo taken on July 12, 2025 shows tourists having fun at a scenic spot in Rongcheng city, East China’s Shandong province. With heatwaves hitting some Chinese provinces and regions in recent days, the scorching temperature has fueled a cooling economy boom. [Photo/Xinhua] 1 2 3 4 5 6 7…
Shanghai Composite closes above 3,500 for first time since 2022
China’s benchmark Shanghai Composite Index rose 0.48 percent to close at 3,509.68 points on Thursday, marking its first close above the 3,500-point level since January 2022. The rally was driven by strong gains in property and financial stocks amid speculation of further stimulus measures. Meanwhile, the Shenzhen Component Index climbed 0.47 percent to end at…