The United States’ latest move to add tariffs on a range of imported household appliances starting later this month will prompt Chinese home appliance manufacturers and exporters to realign supply chain networks and diversify business layouts in emerging markets to navigate tariff challenges, experts said on Friday. They noted that Washington’s recent expanded tariffs on…
An employee works on a production line for low-temperature yogurt in Shenyang, Liaoning province, in September 2021. CHINA DAILY As China’s chilled yogurt market undergoes a health-focused shift, Oarmilk Greek Yogurt has stood out for its high-protein positioning, targeting mid-income families who are health-conscious and experiencing double-digit growth on a yearly basis. Founder and CEO…
China’s economy is projected to grow by 4.5 percent in 2025 and 4 percent in 2026, with fiscal policy cushioning the slowdown pressures due to global trade restrictions and uncertainty, said the latest China Economic Update of the World Bank Group. According to the update released on Friday, as global trade restrictions and uncertainty weigh…
Tourists watch a robot show at Taizhou city, East China’s Zhejiang province, May 4, 2025. [Photo/Xinhua] BEIJING – Unleashing consumption potential will help sustain economic growth in China, according to a World Bank report published in Beijing on Friday. Policy support has helped boost China’s consumption and spurred a rise in home sales in major…
China’s foreign trade grew by 2.5 percent year-on-year to 17.94 trillion yuan ($2.5 trillion) in the first five months of 2025, data from the General Administration of Customs showed on Monday. In the meantime, the country’s exports rose 7.2 percent on a yearly basis to 10.67 trillion yuan, while imports declined 3.8 percent year-on-year to…
China and other developing economies are accelerating currency cooperation and payment system integration amid waning trust in the US dollar, with experts calling it a pragmatic move that could expand in scope and scale, and inject fresh momentum into global financial stability. “Recent momentum shows China is accelerating renminbi internationalization through multilateral cooperation, further improving…
China is poised for long-term growth, led by innovation and entrepreneurship, despite macroeconomic headwinds and rising global uncertainties, according to a top management expert. “There are some current macroeconomic challenges … But as a firm believer that China creates prosperity through innovation and new technology, and given how that is evolving here in China, I…
“China has the world’s most developed and competitive supply chain,” said Thomas Nürnberger, chief sales officer of ebm-papst Group in an interview with China Daily Website. He noted that this robust supply chain, combined with the rapid pace of digitalization and big steps towards sustainability, positions China as a key market for industrial companies, including…
China has approved a number of export license applications for rare earth-related items, and will continue to strengthen the review of compliant applications, the Ministry of Commerce said on Thursday. As a responsible major country, China has fully considered the reasonable demands and concerns of various nations in the private sector while reviewing applications for…
Participants in the fourth China-Africa Economic and Trade Expo get ready for a group photo on Thursday after the opening ceremony of the event in Changsha, Hunan province. Nearly 4,700 Chinese and African companies and more than 30,000 participants will attend the four-day expo, which is themed “China and Africa: Together Toward Modernization”. ZHANG WEI/CHINA DAILY…