In a recent exclusive interview with China Daily, Lego China Head Maciek Selinski said China remains a strategically important market for the company and expressed confidence in its long-term growth. Selinski emphasized that the China market never lacks opportunities, citing the brand’s rapid retail expansion in the country, especially in the growing adult consumer segment. Sun Manqi contributed to…
A robot serves coffee in the exhibition hall of the National Pilot Base for Embodied AI Applications in Hangzhou, East China’s Zhejiang province, May 29, 2026. [Photo/Xinhua] East China’s Zhejiang province is targeting 1.2 trillion yuan ($177.24 billion) in annual revenue from its core artificial intelligence industry by 2030, backed by plans to expand computing…
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China’s foreign direct investment inflow fell in the first half, but the structure is shifting. High-tech FDI rose 33.2 percent, while R&D and design services jumped 82 percent. Executives from Merck, Aumovio, Henkel and Lego point to a changing opportunity set in China: less about low costs, more about innovation, supply chains and consumers. Zhong…
Workers produce high-efficiency PV modules for overseas orders at a solar factory in Haian, Jiangsu province, on April 29. GU HUAXIA/FOR CHINA DAILY As summer approaches, the world is once again bracing for extreme heat. With a powerful El Nino event taking shape and climate models indicating further intensification, unprecedented temperatures are no longer a…
Every encounter can plant a seed of change. For eight years, the CIIE has brought friends from around the world together. A handshake can spark cooperation, while a conversation can open new possibilities. Only 100 days to go! From Nov 5 to 10, we will meet again in Shanghai at the 9th CIIE. Tanks to…
China’s latest departure tax refund measures will allow overseas visitors to obtain instant refunds across more regions and give them up to 28 days to leave the country, making multi-city trips easier and encouraging longer stays and greater spending. Jointly issued by six central departments, including the Ministry of Commerce, the Ministry of Finance and…
China added 14 European Union entities, including Lafert SpA and Rheinmetall AG, to its export control list, effective immediately, as a countermeasure against the bloc’s newly unveiled 21st round of Russia sanctions, which imposed restrictions on 14 businesses based in the Chinese mainland and Hong Kong, said the Ministry of Commerce in a statement on…
Guangzhou’s economic performance maintained a positive trajectory in the first six months of this year, as its industrial structure upgraded toward innovation and high value-added sectors, a senior official said during a news conference on Friday. Ye Shanhu, Party secretary and head of Guangzhou’s statistics bureau, said the Guangdong provincial capital reported a regional GDP…
The Xinjiang Uygur autonomous region recorded a GDP of 1.03 trillion yuan ($152.23 billion) in the first half of this year, a year-on-year increase of 3.7 percent, the regional bureau of statistics announced on Friday. The value added by primary industries stood at 64.19 billion yuan, up 2.8 percent; secondary industries reached 404.94 billion yuan,…