File photo shows the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] BEIJING — China’s central bank will implement a series of measures to improve financial services aimed at stimulating consumer spending, according to a report released Friday by the People’s Bank of China (PBOC). According to the PBOC’s first-quarter 2025 monetary policy…
Uber has deepened its ties with China’s leading autonomous driving companies as the US-based ride-hailing giant prepares to deploy robotaxi services across international markets. Analysts said the move underscores how Chinese firms are emerging as key players in the race to commercialize driverless mobility on a global scale. In a series of strategic announcements, Momenta,…
The Roche booth at the 7th China International Import Expo in Shanghai, on Nov 4, 2024. [Photo/VCG] SHANGHAI – Swiss pharmaceutical giant Roche has announced plans to invest 2.04 billion yuan ($283 million) in building a new biopharmaceutical manufacturing facility in Shanghai’s Pudong New Area, strengthening its localization strategy in the Chinese market. The new…
[Photo/VCG] In the face of the United States’ sweeping tariffs, enhanced cooperation between China and the European Union serves as a critical counterweight to Washington’s unilateral tariff measures, which are disrupting the rules-based global trading system, and provides a stabilizing force for the world economy, analysts said. This year marks the 50th anniversary of China-EU…
XPeng showcases the P7+ at the 2025 Auto Shanghai on April 23. CAO YINGYING/CHINA DAILY Major carmakers in China saw an upward trajectory in April, a trend analysts say would continue with the slew of models unveiled at the Auto Shanghai to hit the market one after another in the following months. Nationwide passenger car retail…
A purchaser talks with an exhibitor at a baggage booth at the 137th China Import and Export Fair in Guangzhou, South China’s Guangdong province, May 5, 2025. [Photo/Xinhua] Some 22 years ago, I worked part-time as an interpreter, accompanying an Indian businessman visiting the Canton Fair, then a must-attend event for global buyers that only…
This photo taken from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing. [Photo/Xinhua] China is accelerating steps to roll out new measures to bolster the private sector following the adoption of the nation’s first law to promote the private economy, with plans…
This photo taken from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing, capital of China. [Photo/Xinhua] BEIJING – China is rolling out a series of measures to boost the development of its private sector, officials said at a press conference held by…
A drone view shows shipping containers from China at the Port of Los Angeles in Wilmington, California, Feb 4, 2025. [Photo/Agencies] China reiterated on Thursday that trade talks with the United States later this week must be grounded in “mutual respect, equal consultation and mutual benefit”, without confirming whether a “phase-two agreement” between Beijing and…
A C919 aircraft arrives at Shanghai Hongqiao International Airport on July 29, 2024. [YIN LIQIN/CHINA NEWS SERVICE] Passengers are now able to change their flight tickets between different carriers while flying between the Shanghai Hongqiao International Airport and the Beijing Capital International Airport after a new service was put into trial operation on Tuesday (May…