The China Association of Automobile Manufacturers (CAAM) issued an initiative on Saturday, urging industry players to avoid chaotic price wars and uphold fair competition. The statement highlighted that declining profitability in the industry has been exacerbated by “cutthroat competition,” particularly through disorderly price-cutting moves, which have significantly eroded corporate earnings. It specifically warned against the…
This photo shows a charging station powered by the solar array at an industrial park in Liyang, a county-level city under Changzhou in East China’s Jiangsu province, April 17, 2025. [Photo/Xinhua] China’s refined oil demand is expected to decline at a faster pace in 2025 as the country’s energy transition accelerates, said industry experts. While…
Export-bound vehicles awaiting shipment in Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY BEIJING — China’s Ministry of Industry and Information Technology (MIIT) said Saturday it will intensify efforts to tackle “involution-style” competition in the country’s auto industry, vowing to strengthen oversight and safeguard a fair and orderly market environment. The announcement came after the…
Participants attend the 9th Drone World Congress 2025 in Shenzhen, Guangdong province, which draws 131,463 professional visitors, with an intended transaction volume of some 20 billion yuan ($2.81 billion). [Photo provided to chinadaily.com.cn] A Chinese business executive has affirmed that the constant international recognition of China’s low-altitude technological strength not only reveals the market demand…
The Department of Culture and Tourism Abu Dhabi signed strategic partnerships with 17 Chinese travel partners at the recent ITB China 2025 on May 30 in Shanghai. [Photo provided to chinadaily.com.cn] The Department of Culture and Tourism Abu Dhabi signed strategic partnerships with 17 Chinese travel partners at the recent ITB China 2025, a trade…
MODONG Coffee, a leading global health and wellness brand, is sponsoring G-DRAGON 2025 World Tour [Ubermensch] in Taipei, Taiwan province, to further expand its influence in the Asia-Pacific market. [Photo provided to chinadaily.com.cn] MODONG Coffee, a leading global health and wellness brand that has established a leading position in China’s bulletproof drink market since its…
This photo taken on June 7, 2024 shows a smart assembly line at Seres Group’s super factory in Liangjiang New Area, Chongqing, Southwest China. [Photo/Xinhua] China’s factory activity improved marginally in May, but remained in contraction zone for a second consecutive month, with analysts pointing to the need for stronger fiscal support to further boost…
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