Five giant spheres floating on a Chaoyang Park lake are a special art installation for fans of Taiwan rock band Mayday. CHINA DAILY Chaoyang Park in Beijing has been lively lately. Five massive, 18-meter-high colorful spheres sit on the lake, drawing crowds of visitors eager to snap photos and check in on social media. The…
After years of stagnancy, a new round of fundraising among US dollar-denominated funds is taking shape in China, aiming to tap into the structural opportunities generated by emerging technologies and consumption recovery, said experts. At least six of China’s well-established venture capital firms are raising more than $2 billion of new US dollar-denominated funds, through…
An aerial drone photo shows tourists taking yachts to have fun in Sanya, South China’s Hainan province, June 24, 2025. [Photo/Xinhua] HAIKOU — China’s Hainan Free Trade Port is set to launch a pilot program on August 21 this year, enabling overseas investors to access domestic financial products offered by local financial institutions. Eligible products…
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. [Photo/Xinhua] BEIJING — China has stepped up credit support for technology companies this year, with half of the sector’s small and medium-sized enterprises receiving loans by the end of the second quarter, official data showed Tuesday. The proportion of tech…
BEIJING — China’s Ministry of Commerce on Tuesday said it will carefully evaluate the World Trade Organization (WTO) ruling on China’s standard essential patent disputes with the European Union, and address the issue in accordance with WTO rules. A spokesperson for the ministry said that the arbitration panel had upheld the expert group’s ruling, affirming…
Yantian Port in Shenzhen, Guangdong province, bustles with activity in April. [Photo by He Shaoping/For China Daily] SHENZHEN — Foreign trade of South China’s Shenzhen reached 2.17 trillion yuan ($303.4 billion) in the first half of 2025, securing its position as the leading city on the Chinese mainland, according to Shenzhen Customs on Tuesday. Exports…
Employees work on a new energy vehicle assembly line in Jinhua, Zhejiang province, in June. HU XIAOFEI/FOR CHINA DAILY With stronger efforts to rein in disorderly competition among new energy vehicle makers, the sector is expected to further stabilize and prosper, experts said, citing a series of high-level meetings and regulatory moves that had taken…
An aerial drone photo shows a duty-free shopping mall in Sanya, South China’s Hainan province, May 29, 2025. [Photo/Xinhua] BEIJING – China’s Hainan Free Trade Port will officially launch island-wide independent customs operation on Dec 18, 2025, as approved by the Communist Party of China (CPC) Central Committee, an official with the country’s top economic…
A view of a Chagee store in Singapore in October. CHINA DAILY Modern China Tea Shop, a leading Chinese-style tea drink brand, is marking its first step into the international market — but not through its signature brick- and-mortar tea houses. Instead, the company is opting for a digital-first strategy, launching a portfolio of retail…
Workers pick tea leaves at a farm in Huangshan, Anhui province, in April. SHI YALEI/FOR CHINA DAILY Global tea brand Lipton is doubling down on its China strategy with a major investment in supply chain infrastructure, as it looks to regain momentum in a market increasingly dominated by freshly brewed and sugar-free tea drinks. Hiufan…