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Former Japanese PM wowed by China’s tech development, calling for Sino-Japan collaboration

Japan and China can leverage their respective strengths in a macro-micro partnership, particularly in the realms of artificial intelligence and robotics, to achieve mutual benefits and success, former Japanese prime minister Yukio Hatoyama said on Friday in Shanghai. Japan’s expertise in details and basic materials, combined with China’s strong organizational capabilities and impressive industrial achievements…

China’s e-commerce giants revise consumer refund rules

Chinese major e-commerce platforms, including Taobao, Pinduoduo and JD will fully scrap the controversial “refund-only” policy, which allows consumers to request refunds without returning the goods after delivery. Post-purchasing refund applications will be handled by merchants. Previously, e-commerce platforms could initiate refunds without approval from merchants, enabling customers to receive reimbursements without returning the purchased…

Syensqo and Sinopec to jointly foster advanced materials and specialty chemicals

Visitors gather at Syensqo’s booth at the 25th China International Agrochemeical & Corp Protection Exhibition held in Shanghai on March 17, 2025. [Photo/VCG] Syensqo, a leader in advanced materials and specialty chemicals, and China Petroleum & Chemical Corporation (Sinopec) have signed a Strategic Partnership Framework Agreement to foster collaboration in advanced materials and specialty chemicals.…

Trade-in policy boosts consumption in China

A shopper (left) browses electric bicycles which offer trade-in subsidies at a store in Hefei, Anhui province. ZHAO MING/FOR CHINA DAILY China has continued to expand the scope of its consumer products trade-in programs, and the policy has effectively boosted consumption and promoted sustained economic growth, the Ministry of Commerce said on Friday. In the…

Cainiao launches ‘green channel’ for exporters

Visitors gather at Cainiao’s booth during Hannover Messe 2025 in Germany on April 1.[Photo/Xinhua] Cainiao Group, the logistics arm of Chinese tech heavyweight Alibaba Group, on Tuesday announced the launch of a cross-border “green channel” designed to help the country’s exporters expand their footprint in overseas markets. Experts said this will improve the capacity of…

Baidu ups the ante with the release of its latest AI models

Robin Li, co-founder, chairman and CEO of Baidu, at the company’s annual AI developer conference on Friday. DING YI/FOR CHINA DAILY Baidu Inc on Friday unveiled its latest large language model Ernie 4.5 Turbo and new deep-thinking model Ernie X1 Turbo with enhanced multimodal capacities, stronger reasoning and lower costs, as the Chinese tech heavyweight…

Signify emphasizes commitment to Chinese market

Olivia Qiu, the chief innovation officer for Signify, addresses the audience at the 2025 Signify Consumer Day event on April 22. [Photo by Li Junfeng / chinadaily.com.cn] Dutch multinational lighting company Signify, formerly known as Philips Lighting, will continue to invest in China and constantly enhance its innovation capabilities, according to Olivia Qiu, chief innovation…

China’s innovation leap a boon for Milliken

China, amid a global landscape marked by rising protectionism tendencies and economic volatility, has vowed to boost domestic demand and expand opening-up, which will contribute to global economic stability, and anchor foreign business confidence in China, said a senior executive with a US company. “The fundamentals of China’s economy are sound and the country’s development…

ABB unit looking at ‘significant potential’ for growth in nation

Global automation and electrification leader ABB is doubling down on its commitment to China, forging closer collaborations to accelerate the digital transformation of the nation’s energy and industrial sectors, a top executive said. “Among the sectors ABB Energy Industries, a division of ABB, is supporting in China, such as power, water, chemicals and pharmaceuticals, we…

There is no substitute for China: Executive

“There is no substitute for China,” Gary Rosen, CEO of Accor Greater China, said in an interview with China Daily. He believes that “the next China is China”, and “there’s so much that’s coming out of China that the world will benefit from”. Rosen stated that sustained economic growth, recent favorable policies, and rising household…