Highway patrol officers organize equipment at a toll station on the No 1 National Highway in the Republic of Congo on July 31. The 536-kilometer highway, constructed by China State Construction Engineering Corporation, links the capital city of Brazzaville with the Atlantic port of Pointe-Noire. WANG GUANSEN/XINHUA China plans to further align its Belt and Road…
Customers inspect new energy vehicles in the Neta store in Nairobi, Kenya, on July 5. WANG GUANSEN/XINHUA Chinese carmakers are fueling their overseas forays by dual engines of exporting vehicles from their home country and producing vehicles in foreign destinations. Vehicle exports from China have maintained their momentum seen from the past year, when the country…
A view of the booth of Ant Group during an expo in Beijing. HUANG YONG/FOR CHINA DAILY Ant Group will step up investments in artificial intelligence and data elements in the next 10 years, with a key focus on distributed database, blockchain, privacy computing and green computing technologies, and provide AI-powered intelligent services for more enterprises,…
A clerk counts cash at a bank in Nantong, South China’s Jiangsu province. [Photo/Sipa] Despite challenges like lending rates trending down, China’s commercial banks have reported stable revenues and profits during the first half of the year, thanks to their cost cuts and improved efficiency, the interim results of listed banks showed. Experts, however, urged…
An employee works on the production line of a combine harvester manufacturer in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY China’s manufacturing data put up a mixed performance in August, thus increasing the necessity of launching additional macroeconomic policy support measures to ensure the achievement of the country’s annual growth target, economists and analysts said.…
Rental cars at an automobile rental depot of Europcar Mobility Group in Hamburg, Germany, in 2021. STEFANIE LOOS/GETTY IMAGES Low residual values for electric vehicles have pushed European leasing firms to raise prices and some are threatening to quit the business altogether if they are forced to go electric too fast, according to a report. Different…
A visitor to the Temple of Heaven in Beijing uses a paper bag to protect herself against the sun. [Photo/Xinhua] SHANGHAI – Armed with umbrella, hat, mask, sunglasses and ice sleeves, Wu Xiaoyan, a 38-year-old Shanghai resident, steps out on summer days fully shielded from the sun, and to such an extent that even acquaintances…
[Photo/VCG] BEIJING – Companies listed on China’s A-share market maintained steady operation in the first half (H1) of the year, data from the China Association for Public Companies showed. The combined operating revenue of the listed companies reached 34.89 trillion yuan ($4.9 trillion) during this period and their net profits stood at 3.13 trillion yuan,…
A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province.[ZHENG XUEXIONG/FOR CHINA DAILY] BEIJING — China’s new growth drivers have gained momentum last year as the country continued efforts to foster economic vitality and encourage technological innovation, official data showed Saturday. The new growth driver index, compiled by the National Bureau…
Export-bound battery-powered electric vehicles await shipment at Yantai Port, Shandong province. TANG KE/FOR CHINA DAILY Chinese makers of battery-powered electric vehicles are “gravely concerned” over any European Commission move to levy long-term countervailing duties on imports of BEVs from China, as they are seriously considering Europe as a major investment destination, said the China Chamber of…