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Tariff detente positive news, but only initial step

A cargo ship carrying foreign trade containers drives out of Qingdao Port in Qingdao, East China’s Shandong province, on May 12. YU FANGPING/FOR CHINA DAILY Chinese Vice-Premier He Lifeng, the lead negotiator regarding Sino-US trade and economic affairs, met with lead persons from the other side — US Treasury Secretary Scott Bessent and US Trade…

Nation plans further push to speed up innovation in telecom, internet sectors

China will further push innovation in next-generation telecommunication and digital infrastructure, such as 6G wireless technology, as part of its broader efforts to nurture new quality productive forces and build a modern industrial system, according to the Ministry of Industry and Information Technology. Zhang Yunming, vice-minister of industry and information technology, said that more efforts…

Expert: Lead sustained development of logistics supply chain through innovation

Tan Guangming, chairman of Shanghai EPU global and a distinguished expert at Shanghai University, calls for the deep integration of advanced technologies with China’s logistics supply chain to drive the industry toward significant progress. [Photo provided to chinadaily.com.cn] As China accelerates the development of international transport corridors with multimodal transport represented by the CR (China…

Construction of Shanghai Port’s largest automated container terminal in full swing

An aerial view of the north area of Xiaoyangshan Island, with construction underway. [Photo provided to chinadaily.com.cn] Shanghai is developing the north area of Xiaoyangshan Island into Shanghai Port’s largest automated container terminal, according to a recent briefing by the Shanghai International Port Group (SIPG). Upon completion, the project, which is a pivotal initiative for…

China’s service trade fair to open in September

A robot poses during the 2024 China International Fair for Trade in Services in Beijing on Sept 12. [Photo/Xinhua] BEIJING — The 2025 China International Fair for Trade in Services (CIFTIS) is scheduled to open on Sept 10 in Beijing, with Australia invited as the guest country of honor. Starting this year, the fair will…

Harman champions fast-paced innovation in China’s evolving tech scene

Harman International Industries, a global leader in automotive and consumer electronics innovation, expressed its deep admiration for the strength and dynamism of the Chinese market, recognizing its important role as a center for commercial growth and technological innovation, said its top executive. Christian Sobottka, president and chief executive officer of Harman. [Photo provided to chinadaily.com.cn]…

Xingji Meizu launches new AI phones

Xingji Meizu Group unveils its latest AI phones Note 16 series. [Photo provided to chinadaily.com.cn] Xingji Meizu Group, a smart device maker backed by Chinese auto giant Geely, has unveiled its latest artificial intelligence phone to target tech-savvy consumers, as the company vows to put “all into AI” amid the intensified competitions. The new phones…

China, LatAm brewing stronger coffee biz ties

A farmer sieves coffee cherries at a plantation in Braganca Paulista, Brazil, on April 4. ANDRE PENNER/AP PHOTO Agricultural trade and economic ties between China and Latin American countries are deepening, exemplified by Chinese tea and ice cream chain Mixue Group’s 4-billion-yuan ($555.4 million) deal with a Brazilian business on Monday. Industry leaders and experts also…

Geely sees Q1 profit surge 264%

Geely sees its sales hit a record 704,000 units in the first quarter this year. [Photo provided to chinadaily.com.cn] Geely Automobile Holdings reported on Thursday a 264 percent surge year-on-year in first-quarter net income as robust demand for its NEV lineup lifted sales and profitability. The Hong Kong-listed carmaker saw its net profit attributable to…

State Grid company powers tea plantation in Shandong

[Photo provided to chinadaily.com.cn] As spring unfolds, green tea in Haiyang, a coastal city in Yantai, Shandong province, has begun to sprout tender new leaves, marking the start of this year’s first round of harvesting. Haiyang is known for being one of the northernmost regions in China where tea is cultivated. Its green tea is…