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…
China has taken a decisive step to bolster global investor confidence by unveiling a 12-measure document aimed at encouraging foreign reinvestment in the country, offering what experts see as a timely and powerful signal that more investor-friendly reforms are in the pipeline. “This marks a major boost for foreign companies operating in China,” said Luo…
Shoppers look at air conditioners that offer trade-in subsidies at a store in Jiaxing, Zhejiang province. JIN PENG/FOR CHINA DAILY As heat waves intensify across China, household air conditioner use has continued to grow, and rising residential cooling demand has been placing increasing pressure on the power grid. China’s consumer goods trade-in policy, which is…
Swiss bank UBS has been crowned the biggest wealth manager in the world with $2,403 billion of assets under management, followed by Bank of America Merrill Lynch ($1,080 billion) and Morgan Stanley ($1,045 billion).China Merchants Bank entered the top 10 in 2017 and was the first Chinese bank ever to do so, according to research…
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Employees work at a Nio auto assembly line in Hefei, Anhui province. CHU WEIWEI/CHINA NEWS SERVICE When I stepped into NIO’s advanced manufacturing factory in Hefei, capital of East China’s Anhui province, it didn’t feel like a typical car plant. There was no deafening noise. Instead, it felt like a human brain — alive aware,…
The European Union’s evolving trade policy, from “de-risking” to measures more oriented toward “decoupling”, has raised concerns about increased friction with China, particularly as the bloc seeks closer alignment with the United States to avoid trans-Atlantic tensions, according to market watchers and exporters. Such a shift, they said, could lead to a growing number of…