Skip to content

economic

MOC reaffirms commitment to resolving US concerns through talks

  • by

China has reaffirmed its commitment to resolving mutual concerns through equal dialogue and consultation with the United States, emphasizing that Washington’s unilateral tariff hikes are disrupting normal economic and trade cooperation between the two countries, according to China’s top commerce official. In a letter sent on Wednesday to Howard Lutnick, the newly appointed US Secretary…

‘Ne Zha 2’ tops global animated film rankings

  • by

“Break it! Now” – Chinese animated film Ne Zha 2 has claimed the top spot in the highest-grossing animated films globally. Since its release on Jan 29, the film has captivated audiences worldwide with its stunning visuals, thrilling plot, and humorous dialogue. The film has become the highest-grossing animated film in the world. Tanks to…

‘Ne Zha 2’ tops global animated film rankings

  • by

“Break it! Now” – Chinese animated film Ne Zha 2 has claimed the top spot in the highest-grossing animated films globally. Since its release on Jan 29, the film has captivated audiences worldwide with its stunning visuals, thrilling plot, and humorous dialogue. The film has become the highest-grossing animated film in the world. Tanks to…

DeepSeek’s rise heralds seismic change in AI landscape

  • by

SONG CHEN/CHINA DAILY Competition is heating up in the fast-developing artificial intelligence sector as the emergence of startup DeepSeek underscores China’s growing innovation capacities in cutting-edge technology, signaling a profound shift in the global AI landscape, experts said. Despite tightened United States export controls on advanced AI chips, the meteoric rise of DeepSeek has challenged…

China’s Xizang reports surging foreign trade in 2024

  • by

LHASA — Foreign trade in Southwest China’s Xizang autonomous region climbed to 12.67 billion yuan ($1.77 billion) in 2024, marking a 15.4 percent increase from the previous year, Lhasa Customs officials said Monday. Exports rose 15.3 percent year-on-year to 11.32 billion yuan, while imports increased 16.9 percent to 1.35 billion yuan, according to the data.…

China to expedite market entry list revision

  • by

China is set to expedite the revision of its negative list for market entry and remove unnecessary barriers to market access, as part of its larger drive to foster the development of the private economy, the country’s top economic regulator said on Tuesday. “(China) will accelerate the push for revising and updating the negative list…

‘Southern Spice Capital’ in China awaits outside investment

  • by

Arlindo do Rosario, ambassador of Cape Verde to China, delivers a speech on Feb 13 in the Guangxi Zhuang autonomous region, saying he looks forward to deepening cooperation between his country and Yulin in relevant fields. [Photo provided to chinadaily.com.cn] The prefecture-level city of Yulin, situated in the Guangxi Zhuang autonomous region at the junction…

Tourist trains gaining popularity among seniors

  • by

A group of passengers take photos in front of the Train Y246 at Liupanshui Railway Station in Guizhou province. [Photo provided to China Daily] Chinese consumers have indicated a growing interest in taking dedicated tourist trains, with rising search volumes related to the sector seen, following the country’s plan to retrofit tourist trains to make…

Trump’s ‘protectionism will fail’

  • by

US President Donald Trump’s aggressive tariff policy is “bound to fail”, as he overestimates the US market’s significance for China and lacks the leverage he believes Washington has over Beijing, said a senior US economist. Jeffrey Sachs Trump’s tariff weapon will not make the United States great again. Instead, the US “will squander its leadership…

GDP of 27 Chinese cities surpasses 1 trillion yuan in 2024

  • by

Lujiazui, Shanghai’s financial center, provides a stunning backdrop to the Bund. [Photo by Wang Gang/For China Daily] The gross domestic product of 27 Chinese cities surpassed 1 trillion yuan ($137.87 billion) in 2024, according to People’s Daily overseas edition on Monday. Shanghai, China’s financial hub, and Beijing, the capital city, claimed the first and second…