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Transformation of Chinese private equity industry picking up pace

A large screen outside a building in Shanghai shows the closing index of the Shanghai A-share market on April 9. WANG GANG/FOR CHINA DAILY While transformation of the Chinese private equity sector has been advancing for years, the process will pick up pace as the types of deals are changing and industry leaders are playing a…

Exporters pivot to home market amid headwinds

Shipping containers on the MSC Livorno await unloading at the Port of Long Beach, California on March 5, 2025. [Photo/Agencies] Chinese exporters to the United States are increasingly pivoting to the domestic market as overseas demand softens, with official tax data showing a steady uptick in local sales in April. Industry experts said that the…

China a key trade hub, vital partner for Argentina: expert

In an exclusive interview with China Daily, Francisco Cafiero, director of the Center for Latin American Integration Studies “Manuel Ugarte” at the National University of Lanús (UNLa), highlights China’s role as a global supply chain hub. He emphasizes the potential for deeper cooperation between China and Argentina for mutual benefit. Tanks to chinadaily.com.cn Please visit:…

Industrial production up by 2.6% in the euro area and by 1.9% in the EU

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China’s auto sales, production exceed 10m in first 4 months

Consumers select new energy vehicles in a BYD 4S store on March 11 in Qinhuangdao, Hebei province. CAO JIANXIONG/FOR CHINA DAILY China’s automobile production and sales have historically surpassed 10 million units in the first four months of this year, according to data released by the China Association of Automobile Manufacturers (CAAM) on Monday. From…

JD offers major subsidies for shopping carnival

Chinese e-commerce giant JD kicks off its June 18 shopping festival. [Photo provided to chinadaily.com.cn] Chinese e-commerce giant JD announced on Thursday that it will offer each consumer over 1,000 yuan ($138.7) daily shopping subsidy and give discounts for commodities included in the country’s consumer goods trade-in program during the June 18 shopping carnival. JD…

GCL Energy Tech merges blockchain with green asset digitization

A view of the booth of GCL during an expo in Shanghai. [Photo provided to China Daily] GCL Energy Technology Co Ltd, a frontrunner in China’s renewable energy sector, showcased its innovative fusion of blockchain technology and green asset digitization at the recently concluded “RWA REAL UP Summit 2025”. Hosted by Ant Group’s digital arm…

GDP and employment both up by 0.3% in the euro area

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EU economy greenhouse gas emissions up 2.2% in Q4 2024

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Fintech service platforms support cross-border trade

A manager (left) introduces cross-border payment services of XTransfer, a Shanghai-based platform, to an overseas buyer during the 137th China Import and Export Fair in Guangzhou, Guangdong province, on April 15. QIU QUANLIN/CHINA DAILY Chinese fintech service platforms launched incentive policies during the recent 137th China Import and Export Fair, popularly known as the Canton Fair,…