Tourists watch a robot show at Taizhou city, East China’s Zhejiang province, May 4, 2025. [Photo/Xinhua] BEIJING – Unleashing consumption potential will help sustain economic growth in China, according to a World Bank report published in Beijing on Friday. Policy support has helped boost China’s consumption and spurred a rise in home sales in major…
People visit the booth of South Africa at Changsha International Convention and Exhibition Center in Changsha, Central China’s Hunan province, June 12, 2025. [Photo/Xinhua] CHANGSHA/NAIROBI — “Plane tickets to Africa are in high demand — there are just so many opportunities,” exclaimed Ma Bijun, deputy general manager of Hunan Er-Kang Pharmaceutical Co, Ltd, who has…
China’s foreign trade grew by 2.5 percent year-on-year to 17.94 trillion yuan ($2.5 trillion) in the first five months of 2025, data from the General Administration of Customs showed on Monday. In the meantime, the country’s exports rose 7.2 percent on a yearly basis to 10.67 trillion yuan, while imports declined 3.8 percent year-on-year to…
Petronas, Malaysia’s State-owned energy group, will accelerate the expansion of its global liquefied natural gas (LNG) portfolio to support China’s growing energy needs, as the world’s second-largest economy deepens efforts to shift toward cleaner fuels and strengthen energy security, said a senior executive. In 2024, Petronas exported 8 million metric tons of LNG to China,…
The headquarters of TUV Rheinland, located in Cologne, Germany, is seen in the picture. [Photo provided to chinadaily.com.cn] China-made smart vehicles has vast potential in overseas markets, and localization will prove crucial, said an executive at TUV Rheinland, an independent third-party testing and inspection organization. “We’ve been active in China for nearly four decades,” Matthias…
China and other developing economies are accelerating currency cooperation and payment system integration amid waning trust in the US dollar, with experts calling it a pragmatic move that could expand in scope and scale, and inject fresh momentum into global financial stability. “Recent momentum shows China is accelerating renminbi internationalization through multilateral cooperation, further improving…
A robot operates equipment on the assembly line of an automaker in Xi’an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY A batch of Chinese automakers announced that they would shorten payment terms to their suppliers to within 60 days starting Tuesday evening. As of the morning of Wednesday, 10 major auto manufacturers — including BYD, China…
An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at a container terminal of Tianjin Port in North China’s Tianjin. [Photo/Xinhua] TIANJIN — A signing ceremony was held Wednesday for the 1,000th vessel leased through the Dongjiang Free Trade Port Zone (DFTP) in the northern Chinese municipality of Tianjin. As…
Choosing China as a sourcing destination stems from its globally recognized production strength said Kamal Gupta, chief strategic officer of Dukan International Business, in an interview with China Daily website at the ongoing China-Africa Economic and Trade Expo in Changsha, Central China’s Hunan province. The company sources top-quality products from leading factories, leveraging its own…
China is poised for long-term growth, led by innovation and entrepreneurship, despite macroeconomic headwinds and rising global uncertainties, according to a top management expert. “There are some current macroeconomic challenges … But as a firm believer that China creates prosperity through innovation and new technology, and given how that is evolving here in China, I…