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Driverless vehicles pave way for smart logistics

An exhibitor interacts with an unmanned autonomous delivery vehicle displayed at the World Intelligence Expo 2024 in Tianjin in June 2024. SUN FANYUE/XINHUA BEIJING — In Ziyang, Sichuan province, a logistics company has hired three “employees” who never take lunch breaks and work around the clock without any complaints. They are autonomous delivery vans, each capable…

Curbing cutthroat competition high on agenda

A drone photo taken on June 29, 2025 shows new energy vehicles for export parked at a vehicle export terminal at the Hangzhou section of Beijing-Hangzhou Grand Canal in Hangzhou, East China’s Zhejiang province. [Photo/Xinhua] Following a series of high-level meetings and regulatory actions aimed at curbing excessive internal competition, China’s top leadership has once…

Foreign trade stays on stable growth track

China’s foreign trade will remain resilient in the second half of 2025, fueled by strong growth in high-tech exports, vibrant private sector activity and closer ties with emerging markets, government officials and exporters said on Thursday. They noted that China’s steady export performance, particularly driven by private companies, underscores robust global demand for the country’s…

Chinese policymakers to ensure economy remains stable and positive

Amid evolving domestic and global conditions, Chinese policymakers will explore and adjust policy tools to ensure the economy maintains a stable and positive trajectory, thereby contributing to global economic development, the Ministry of Finance said on Thursday. The ministry’s comments followed S&P Global Ratings’ affirmation of its unsolicited ‘A+’ long-term and ‘A-1’ short-term foreign and…

China’s foreign trade up 3.5% in first seven months

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Shanghai solidifying sci-tech hub bona fides

This panoramic aerial photo taken on Jan 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Shanghai’s stepped-up efforts to aid fundamental scientific research are crucial to support the development of pioneering technologies and companies specializing in emerging industries, which is conducive to…

China’s AI, smart manufacturing fuel foreign investment momentum

This photo taken on May 8, 2024 shows a roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive (BBA) in Shenyang, Northeast China’s Liaoning province. [Photo/Xinhua] NANJING — For Franz Decker, a senior executive at BMW Group, China’s rapid advances in artificial intelligence (AI) represent a crucial engine of the auto giant’s…

China unveils guideline to elevate financial support for new industrialization

Chinese authorities have jointly released a key guideline on strengthening financial support for new industrialization, elevating the country’s coordinated efforts to support manufacturing upgrade and advance new quality productive forces. Under the guideline, the country aims to develop a financial system by 2027 that is generally mature in supporting the high-end, intelligent and green development of the manufacturing sector. The…

Tax credit policy to encourage foreign investment

China has unveiled detailed guidance on a new tax credit policy aimed at encouraging foreign investors to reinvest their profits in the country, as it steps up efforts to stabilize foreign capital inflows and boost long-term investment amid rising global economic uncertainties. The State Taxation Administration released a new notice clarifying how foreign investors can…

China shares drawing global gaze

The benchmark Shanghai Composite Index gained 0.96 percent to close at 3617.60 points on Tuesday. CHINA DAILY Rising interest in Chinese assets both at home and abroad reflects investor confidence in the development of emerging industries and ongoing capital market reforms, said experts. The benchmark Shanghai Composite Index gained 0.96 percent to close at 3617.60…