BEIJING — China’s annual trade in services exceeded $1 trillion for the first time last year, demonstrating significant potential for further growth. China’s services import and export value amounted to a record-high of 7.5 trillion yuan (about $1.05 trillion) in 2024, expanding 14.4 percent year-on-year, according to the latest data from the Ministry of Commerce…
The United States government’s latest move to eliminate a “de minimis” tariff exemption for small packages and low-value items imported from China will disrupt the normal international trade order, wreak havoc in the fast-growing cross-border e-commerce industry, and ultimately hurt the interests of US consumers, said experts and industry insiders on Wednesday. They added that…
Foreign tourists pose for a picture at the Forbidden City in Beijing on Dec 25. WANG XIN/FOR CHINA DAILY Throughout 2024, China steadily expanded its visa-free travel program, easing entry procedures for international visitors. The updated policy, which took effect on Nov 30, allows travelers from 38 countries, including 32 European nations, to stay in…
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Visitors inspect a Toyota Prado SUV at the 2024 Beijing auto show. [CAO YINGYING/CHINA DAILY] Japanese carmaker Toyota on Wednesday that it will build a wholly-owned subsidiary in Shanghai to develop and produce Lexus-branded electric vehicles and batteries. The subsidiary, which will be located in Shanghai’s Jinshan district, will start production in 2027, said Toyota…
The SE01, a humanoid robot developed by EngineAI Robotics, a Chinese artificial intelligence technology company, undergoes a long-distance walking test in Shenzhen, Guangdong province. [Photo provided to China Daily] The provincial leadership of Guangdong recently vowed to accelerate the construction of a modern industrial system supported by the advanced manufacturing industry to promote its high-quality…
Passengers are seen at the waiting hall of Beijing South Railway Station in Beijing, Feb 4, 2025. [Photo/Xinhua] The eight-day Spring Festival holiday from Jan 28 to Feb 4 saw a booming leisure and entertainment market in China. The Ministry of Transport estimated over 2.31 billion cross-regional passenger trips were made during the eight-day Spring…
Toyota showcases the plug-in hybrid Frontlander SUV at the 2023 Chengdu Motor Show in August. [CAO YINGYING/CHINA DAILY] TOKYO – Toyota Motor Corp announced on Wednesday that it will construct a new Lexus factory in Shanghai as the company seeks to strengthen its development and manufacturing capabilities in the Chinese market. The plant, set to…
A moviegoer checks out a poster for Ne Zha 2 at a cinema in Beijing on Thursday. DU LIANYI/CHINA DAILY BEIJING – Fantasy feature “Ne Zha 2” has become the top-grossing domestic animated feature of all time in a milestone for Chinese cinema. As of Wednesday, “Ne Zha 2,” has earned over 5.05 billion yuan…