The infrastructure for what is known as the one-person company (OPC) is being built in major cities across China’s Yangtze River Delta region, with many experts saying OPCs can contribute to the national economy via new industrial growth and employment. Local governments are providing the relevant support for OPCs, from office space and funding to…
Dr. Christoph Schrempp,vice-chair of the European Chamber Tianjin Chapter. [Photo provided to chinadaily.com.cn] European businesses are seeing expanding opportunities in China’s intelligent economy, advanced manufacturing sector and innovation-driven growth, with many viewing the country as an increasingly important global hub for industrial upgrading and future technologies, according to a senior representative of the European business…
China and the United States will finalize the details of reciprocal tariff reductions on products of equivalent scale, each worth $30 billion or more, with implementation to begin as soon as possible, the Ministry of Commerce announced on Thursday. Earlier this month, China and the US agreed in principle to discuss, under the auspices of…
The European Union’s plan to impose new steel tariffs is a form of trade protectionism that will not boost the bloc’s competitiveness but will instead disrupt China-EU steel trade and destabilize global supply chains, a spokesperson for the Ministry of Commerce said on Thursday. He Yadong made the remarks at a news conference in response…
China and the European Union share a vast potential for cooperation thanks to their complementary economies, while resolving differences through dialogue serves the best interests of both sides, a number of experts said on Thursday. The remarks were made at a seminar hosted by the Institute of European Studies at the Chinese Academy of International…
Borisenko Sofia, a Russian postgraduate student at Shanghai Jiaotong University, poses for a photo at the Swire Coca-Cola Kunshan new plant. [Photo provided to chinadaily.com.cn] A one-day sensory-driven tour of China’s richest county-level city didn’t just delight the palates of seven international visitors — it opened their eyes to how an economy can march with…
BEIJING — China is currently engaged in negotiations with the European Union within the framework of the World Trade Organization on the EU’s plan to implement new steel tariffs from July 1 this year, the Ministry of Commerce said Thursday. The EU’s move is essentially trade protectionism, which not only fails to uphold the competitiveness…
The two-day 2026 BRICS Forum on Partnership on New Industrial Revolution opened on Wednesday in Xiamen, Fujian province, marking the launch of an international cooperation initiative on intelligent manufacturing and a new partnership city network to boost cooperation. The new manufacturing initiative, jointly launched by the International Coalition of Intelligent Manufacturing and leading companies to…
China’s consumer market maintained stable performance in the first four months of 2026, as a raft of pro-consumption policies continued to take effect, according to the Ministry of Commerce. In April, demand for green and smart products remained robust. Data from the ministry showed that sales of smart glasses on major monitored platforms surged 5.9-fold…
Confidence among European businesses operating in China is showing “signs of an uptick”, according to a report released on Wednesday by the European Union Chamber of Commerce in China and consultancy firm Roland Berger. China remains “the heavyweight champion of efficient and cost-effective supply chains”, with 75 percent of respondents saying their China-based production is…