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Apple reaffirms commitment to China

Consumers select products at an Apple store in Chengdu, Sichuan province, Feb 23, 2024. [Photo/VCG] Apple Inc reiterated its commitment to enhance supply chain cooperation in China, as Jeff Williams, the tech giant’s chief operating officer, met with officials from Central China’s Hunan province on Wednesday.  Highlighting Apple’s long-standing partnership with local tech firm Lens…

Apple CEO Tim Cook pledges to increase investment in China

Apple CEO Tim Cook addresses the media next to the company’s new Vision Pro augmented reality headset at the Apple Park campus in Cupertino, California. [Photo/Agencies] BEIJING — Apple CEO Tim Cook on Wednesday pledged to increase investment in China during his Beijing visit, which analysts believe highlights the importance of the Chinese market to…

Baidu ranks top 10 in AI patent applicants globally

A logo of Baidu Inc is seen in Beijing. [Photo/VCG] Chinese tech heavyweight Baidu Inc ranks among the top ten artificial intelligence patent applicants across the globe, as the company has invested heavily in artificial intelligence-related research and development to bolster technological innovation. Data from US patent service provider IFI Claims showed that Baidu is…

China’s fiscal revenue down 2.2% in first three quarters

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING – China’s fiscal revenue dipped 2.2 percent year-on-year in the first three quarters of 2024, data from the Ministry of Finance showed on Friday. A breakdown of the data shows that the country’s tax revenue decreased 5.3 percent from…

Sandwich chain Subway boosts presence in China with growing store count

A giant model of a Subway sandwich is seen in Shanghai in May 2023. [WANG GANG/FOR CHINA DAILY] SHANGHAI – Sandwich chain Subway on Tuesday announced the opening of its 4,000th store in the Asia-Pacific region, which is located in East China’s Shanghai municipality. This opening marks a key step in the brand’s accelerated expansion…

Smart door locks showing key potential

Employees work on a smart lock production line in Shaoyang, Hunan province, in April. [TENG ZHIZHONG/FOR CHINA DAILY] A niche market is developing for smart door locks in China, especially in certain county-level cities with detached houses. Though over 80 percent of Chinese consumers have not used a smart door lock as yet, there is…

China’s potato industry thrives with global cooperation, innovation

Dr Simon Heck, director general of the International Potato Center. [Photo provided to chinadaily.com.cn] As China stands as the world’s largest producer of potatoes, its annual production of nearly 100 million metric tons on some 5 million hectares of arable land reflects the central role potatoes play in the country’s food security and agricultural development.…

German carmakers encouraged to face competition from China

Employees of BMW Brilliance Automotive work on the production line in Shenyang, Liaoning province, in May. The Shenyang plant is BMW Group’s largest production base in the world. CHINA DAILY German Chancellor Olaf Scholz has called on German automakers not to be afraid of competition from Chinese rivals, according to Reuters. “Some say that China…

Media urged to embrace high tech

[Photo/VCG] As new technologies drive rapid transformation across industries, Chinese media officials and operators emphasized the need to better integrate digital thinking and produce higher quality content to meet audience needs and improve global communications. During the Media Integration and Development Forum 2024 on Friday in Beijing, Mo Gaoyi, director of the State Council Information…

The claim that China is causing Africa’s debt trap is absurd

“Both Africans and their creditors acted in good faith and used the best available information,” said Mwangi Wachira, former economist at the World Bank and Advisor to the Government of Kenya, at the Global Strategic Dialogue 2024 session titled “Responsibilities of Major Countries Amid a Dynamic Global Landscape”, jointly held on Thursday in Beijing by…