An aerial drone photo shows US carmaker Tesla’s Megafactory in Shanghai, East China, Feb 8, 2025. [Photo/Xinhua] SHANGHAI – Despite geopolitical tensions and rising trade protectionism, international businesses are deepening their commitments in China as 2025 unfolds, demonstrating the country’s appeal to those seeking to stay competitive globally. US automaker Tesla’s Megafactory in Shanghai began…
Dancers perform next to a BYD Sealion 7 at the Singapore Motor Show on Jan 9, 2025. ROSLAN RAHMAN/AFP Right after the Spring Festival holiday, automobile markets in China have become hectic, touting new features, offering discounts and even appearing in movies to woo potential car buyers. Tesla announced on Wednesday, the first working day…
The planned restructuring of Chongqing Port Co and Beijing-headquartered China Logistics Group Co (China Logistics) is expected to boost the growth of the New International Land-Sea Trade Corridor and further unlock the economic potential of China’s western region, said market watchers on Wednesday. Chongqing Port said on Monday that it had received a notification letter…
Lexus’ booth at the 2024 Beijing auto show in April. SONG YU/FOR CHINA DAILY Toyota, the world’s leading carmaker by sales, has made a bold move to establish a wholly owned subsidiary in Shanghai to produce batteries and electric vehicles for its high-end Lexus brand. The new facility, set to begin production in 2027, will…
An eVTOL flies through the skies over Luogang Central Park, widely known as Luogang Park, in Hefei, East China’s Anhui province. [CHINA DAILY] On the morning of Jan 26, just days before the Spring Festival holiday, flight KE135 touched down at Hefei Xinqiao International Airport in Hefei, East China’s Anhui province. The flight carrying 166…
This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. [Photo/Xinhua] Tesla posted lower sales across five European countries in January, including the United Kingdom and France, as competitors with newer models gained on the electric vehicle maker and polls show public opinion souring…
A humanoid robot displays its weight-bearing ability in Wuhan, Central China’s Hubei province, Feb 5, 2025. [Photo/Xinhua] BEIJING – During the 2025 Intangible Cultural Heritage Gala aired by China Media Group on Jan 31, a pack of ten robot dogs leaped, spun and waved in perfect harmony to a traditional dance song, wowing audiences with…
Robin Li, co-founder and CEO of Baidu, speaks during a session at the World Governments Summit 2025 in Dubai, the United Arab Emirates, on Tuesday. AMR ALFIKY/REUTERS Continued investment in artificial intelligence infrastructure is still very much required despite Chinese AI startup DeepSeek’s open-source model challenging the cost efficiency of peers’ large language models, said Robin…
The Deepseek logo is seen in this illustration taken Jan 27, 2025. [Photo/Agencies] The surge of DeepSeek, a two-year-old Hangzhou-based startup creating open-source large language models at much lower costs than foreign peers, has not only led to rising global investor interest in Chinese artificial intelligence companies, but also their bullish outlook on the Chinese…
US President Donald Trump. [Photo/Agencies] Tariffs imposed by the United States with the intention of rebuilding its domestic industries and raising government revenue, as well as leveraging them as bargaining chips, are likely to be counterproductive for the US economy, said experts and business executives. The future of global trade and investment lies in fostering…