US retailer Walmart has resumed product sourcing from some Chinese suppliers, marking a shift in its procurement strategy amid rising inventory pressure and looming price hikes for consumers in the United States, according to Chinese suppliers. Mu Longsheng, director of Pesitro Healthcare Products — a longtime Walmart supplier in Jiangsu province — said the US…
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A staff member makes coffee in a commercial complex reconstructed from an old building in Chongqing in 2022. [Photo/Xinhua] CHONGQING — From the volcanic soil of Colombia’s Andes Mountains to the bustling streets of Chongqing in Southwest China, a humble coffee bean embarks on a transcontinental voyage. Fermented, roasted and transformed into aromatic brews, these…
A wind farm seen in Hulunbuir, Inner Mongolia autonomous region. WANG ZHENG/FOR CHINA DAILY China’s combined installed capacity of wind and solar power surpassed that of coal power for the first time by the end of the first quarter, marking a significant milestone in the country’s energy transition, the National Energy Administration said. As of…
An intelligent connected vehicle tester monitors the status of the car during a road test in Wuhan, Hubei province, in July.[Photo/Xinhua] “They are nothing but lies,” said Wang Yun, a 35-year-old teacher at a middle school in Tianjin, about many carmakers’ marketing campaigns to promote smart driving vehicles. Once an avid fan of the electric…
With global gold prices hitting historic highs 20 times in the first quarter, China’s investment demand for the precious metal has surged, positioning the country as a pivotal force driving global gold investment growth, said the World Gold Council on Wednesday. As of Thursday, the price of gold was around 765 yuan ($105) per gram.…
A foreign purchaser experiences a go-kart at the 137th China Import and Export Fair, also known as the Canton Fair, in Guangzhou, Guangdong province, on Thursday. CHEN JIMIN/CHINA NEWS SERVICE Chinese exporters are accelerating digital upgrades, advancing green development and expanding connections with European and emerging markets to offset the impact of the United States’ tariff…
Geely Automobile Holdings has built 12 national-level green factories and 11 “zero-waste” plants. [Photo provided to chinadaily.com.cn] Geely Automobile Holdings aims to cut per-vehicle lifecycle emissions by over 25 percent this year compared to the 2020 levels, said the company in its ESG report released on Sunday. Last year, the Hong Kong-listed carmaker saw its vehicle…
Frank-Steffen Walliser, chairman and CEO of Bentley Motors, speaks at the Auto Shanghai 2025. [Photo provided to chinadaily.com.cn] British luxury automaker Bentley Motors underscored the significance of the Chinese market with world premiere of three new models at the ongoing Auto Shanghai 2025. The models are the Azure variants of the Continental GT, Continental GT Convertible…