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China’s auto industry accelerates toward intelligent transformation

  A staff member of Chinese automaker GAC Group debugs an electric sports car during the 2024 World Intelligent Connected Vehicles Conference in Beijing, Oct 17, 2024. [Photo/Xinhua] BEIJING – Having surged to the forefront of the global new energy vehicle (NEV) market with their outstanding performance, Chinese automakers are exploring strategies to gain an…

China’s GDP up by 4.6% year-on-year in Q3

This photo taken on Sept 13, 2024 shows an experimental high-speed train running along the Longyan-Longchuan High-Speed Railway in South China’s Guangdong province. [Photo/Xinhua] China’s gross domestic product grew by 4.6 percent year-on-year in the third quarter following a 4.7 percent rise in the second quarter, the National Bureau of Statistics said on Friday.  In…

IM first Chinese brand capable of producing L2 to L4 vehicles

IM Motors releases the IM AD 3.0, a Level 2 plus system, for its vehicles on Oct 28, 2024. [Photo provided to chinadaily.com.cn] IM Motors said on Monday that it has become the first carmaker in China capable of mass-producing vehicles that boasts Level 2, 3 and 4 autonomy. The carmaker, a joint venture established…

Nation called on to seize growth opportunities

China should seize the current window of improving expectations and rising confidence to build momentum going into 2025, economists said, calling for a forceful and extraordinary combination of macro policies next year. Given the recently announced stimulus package, China’s economy will likely pick up in the fourth quarter, providing strong support for meeting the annual…

Desert land brings green power nationwide

Aerial view of the photovoltaic base in Majiatan town, Yinchuan in Northwest China’s Ningxia Hui autonomous region, on Oct 28, 2024. [Photo/VCG] A photovoltaic base is under construction in Majiatan town, Lingwu city, Yinchuan, Ningxia Hui autonomous region on Oct 28, 2024. Covering a small territory with beautiful scenery and with a strong power grid…

Consumer confidence seen as key driver for growth

A woman buys pineapples in a supermarket in Xuwen county, South China’s Guangdong province, on March 6, 2021. [Photo/IC] China’s latest stimulus measures seem to create a favorable shift in focus toward relying more on boosting consumer confidence as a sustainable growth driver, with bigger fiscal spending on improving social welfare and addressing property woes…

Intel unveils additional investment in China to boost local supply chain

Intel has unveiled its latest server processor to tap into China’s burgeoning data center market. [Photo provided to chinadaily.com.cn] CHENGDU – US chip giant Intel on Monday announced the expansion of its packaging and testing base in southwestern China to boost local supply chain efficiency and better serve Chinese clients. With a capital increase of…

CIIE attracts top pharma innovations

Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] Multinational pharmaceutical companies will showcase their latest innovations at the upcoming China International Import Expo, which they see as an ideal chance for China to share opportunities with the outside world. Their active participation in the seventh edition of CIIE, which will be held in Shanghai…

New HSR in Guangxi to boost trade

CREC4 employees lay tracks on the Chongzuo-Pingxiang high-speed railway in the Guangxi Zhuang autonomous region on Monday. [ZHAO MENGTING/FOR CHINA DAILY] Pingxiang, which borders Vietnam and is a county-level city under the prefecture-level city of Chongzuo in the Guangxi Zhuang autonomous region, is set to usher in a new high-speed railway to boost passenger flow…

Oppo launches new Find x8 series

Chinese smartphone maker Oppo launched its Find X8 series in Chengdu, Sichuan province in October. [Photo provided to chinadaily.com.cn] Chinese smartphone maker Oppo launched on Thursday its Find X8 series featuring a camera system co-engineered with Swedish optics brand, Hasselblad, and said that the upcoming lineup is expected to be available both in China and…