Chinese carmakers are busy exploring overseas markets, but they still have a long way to go before becoming “world-class” companies, according to a report from consulting firm Roland Berger. Statistics from the China Association of Automobile Manufacturers show that China shipped 5.85 million units out of the country in 2024, retaining its position as the…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING — Chinese financial authorities have unveiled a plan to detail measures for encouraging medium- and long-term funds into the capital market to further stabilize stock performance, the country’s top securities regulator said Wednesday. The document, jointly released by…
Shanghai unveils a series of consumption promotion events on Jan 22 as part of the initiative launched by the Ministry of Commerce to celebrate the upcoming Spring Festival, which was inscribed by the UNESCO on intangible cultural heritage list. [Photo provided to chinadaily.com.cn] Major activates of the Silk Road e-commerce consumption promotion event, formerly known…
The Ordos Basin, known for its abundant oil and uranium resources, is often called the “treasure trove” of energy in China. SHI QIANG/XINHUA The discovery of a super-large uranium ore deposit in North China’s Ordos Basin marks a significant step forward in securing the country’s uranium resources, a critical component for its growing nuclear energy…
JAKARTA — China’s automaker BYD launched its premium brand DENZA on Wednesday to expand its presence in Indonesia’s upscale automotive market. “This year, BYD will bring more new models to Indonesia,” said Liu Xueliang, general manager of BYD Asia-Pacific auto sales division, during the launch event in Jakarta. According to him, DENZA is a BYD…
An employee trains a humanoid robot at the nation’s first training ground for heterogeneous humanoid robots in Shanghai on Tuesday. CHEN MENGZE/FOR CHINA DAILY China has unveiled its first training ground for heterogeneous humanoid robots in Shanghai’s Pudong New Area, a milestone for the humanoid robot industry. The facility, which can accommodate more than 100…
Sean Shan Upbeat about China’s innovative digital business environment, Takeda continues to invest in the country as it ramps up efforts to turn China into a global source of innovation for biomedicine. On Monday, the company signed an investment cooperation agreement with the administrative committee of Chengdu High-tech Industrial Development Zone to establish the Takeda…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING — China’s Ministry of Commerce announced Wednesday a decision to extend anti-dumping duties on ortho-dichlorobenzene (ODCB) imports from Japan and India for five years, effective Jan 23, 2025. This decision follows a sunset review initiated in January…
A shopper browses goods for Spring Festival at a store in Jiaozuo, Henan province. CHENG QUAN/FOR CHINA DAILY As the Year of the Snake approaches, sales of products with serpentine elements have witnessed explosive growth on major e-commerce platforms, which experts said showcases not only the strong resonance of traditional Chinese culture among shoppers, but…
The US Congress passed a law last year forcing ByteDance to either sell TikTok or close it by this Jan 19, 2025. [Photo/Agencies] After a brief weekend outage, TikTok was up and running again on Sunday in the United States after President-elect Donald Trump said he would issue an executive order Monday to keep the…