As China looks to refine its consumer trade-in program, a growing number of local governments are extending subsidy plans into housing, issuing vouchers that can be used to offset house payments, furnishings, appliances and even daily consumption expenses. Analysts said the shift merits close attention, as it could pave the way for broader and more…
Customers drink local craft beer at a restaurant in Guiyang, the capital city of Southwest China’s Guizhou province, Dec 25, 2025. [Photo/Xinhua] China is expected to put boosting domestic demand — especially spurring consumption — at the core of its economic agenda this year, with policymakers likely to roll out stronger fiscal support and structural…
Shoppers take pictures of the Christmas light decorations at the Ralph Lauren store in London, UK, Dec 5, 2024. [Photo/VCG] International lifestyle and consumer goods brands witnessed a solid recovery in the Chinese market last year, with Tapestry, Ralph Lauren, Estee Lauder and PepsiCo among those registering strong performances, according to market analysis and industry…
Visitors check out a vehicle at the booth of Car Inc, a Chinese car rental company, during an auto show in Haikou, Hainan province, on Sept 27. GUO CHENG/XINHUA China’s car rental market is poised to surge ahead during the Chinese New Year holiday, driven by the longest holiday on record and a continuation of…
Representatives of Brembo and JAC pose after they ink a strategic deal on Feb 5, 2026. [Photo provided to chinadaily.com.cn] JAC Group, one of China’s major automakers, has signed a strategic cooperation agreement with global braking systems leader Brembo to deepen long-term collaboration and jointly advance innovation in next-generation vehicle platforms. The agreement, signed on…
A passenger opens a car door with a concealed handle in Beijing on Tuesday. ANDRES MARTINEZ CASARES/EPA As the first country to ban concealed door handles on passenger vehicles, China is expected to further secure driving safety while reinforcing its growing role in shaping global automotive safety standards, industry experts said. Their comments follow a…
Zhejiang University and Shanghai robotics company JingShi Technology announced the launch of Bolt, a full-size humanoid robot that reached a peak running speed of 10 meters per second, which they said is the fastest full-size running robot in the world. At 175 centimeters tall and weighing 75 kilograms, Bolt clocked speeds that outpace any previously…
Chinese OEMs (original equipment manufacturers) achieved sales of 16 million vehicles in the Chinese mainland in 2025, capturing roughly 60 percent of the market share — “a very nice performance,” Tao Gao, research and analysis associate director of S&P Global Mobility, said in an online interview with China Daily Website. According to data from S&P…
In a bid to address potential safety risks associated with hidden door handle designs, a mandatory national standard on automotive door handle safety will come into force on Jan 1, 2027, said the Ministry of Industry and Information Technology on Monday. The standard mandates that each vehicle door—excluding the tailgate—must be equipped with both a…
Dongfeng Motor Group showcases some of its models in Beijing on Jan 31, 2026. [Photo provided to chinadaily.com.cn] Dongfeng Motor Group has set an ambitious sales target of 3.25 million vehicles in 2026, including 1.7 million NEVs and 600,000 exports, the State-owned automaker said in Beijing on Saturday. Last year, the company recorded sales of…