In the fourth quarter of 2024, the average price of agricultural output that farmers get at the farm gate in the EU increased by 2.2% compared with the same quarter in 2023. This represents the first increase since the second quarter of 2023. By contrast, the average price of goods and services currently consumed in…
The E5 electric model is displayed at the Buick store in a shopping mall in Shanghai on Dec 31, 2024. CHINA DAILY Foreign carmakers are adjusting their operational strategies in China as they seek to prevent losing further ground to local vehicle companies amid intense competition in the world’s largest vehicle market. According to data from…
Workers install car wheels at the assembly workshop of the Seres factory in Shapingba district, Chongqing on March 11, 2024. [Photo/VCG] Auto executives have submitted proposals for advancing healthy development of new energy vehicles, autonomous driving and intelligent connected vehicles during this year’s sessions of the National People’s Congress and the National Committee of the…
CAI MENG/CHINA DAILY Looking back at 2024, Chinese equities delivered strong returns, outperforming most stock markets outside of the United States. However, it certainly didn’t feel that way last year, as Chinese shares were among the most volatile equity markets, exhibiting sharp ebbs and flows. So far this year, China has been one of the…
Workers inspect vehicles at Leapmotor’s plant in Jinhua, Zhejiang province, on Jan 9. JIN SICHENG/FOR CHINA DAILY China’s oldest carmaker FAW has partnered with 10-year-old Leapmotor, marking another significant milestone in the evolving relationship between traditional automotive giants and emerging NEV startups. The partnership focuses on two key areas: joint development of NEV technologies and exploration…
[Photo/VCG] BEIJING – Since the start of 2025, China has distributed 1 billion yuan ($139.48 million) in subsidies to over 1.65 million consumers participating in its e-bike trade-in program, the Ministry of Commerce said on Wednesday. From Jan 1, 2025, to Tuesday this week, more than 1.66 million new e-bikes were sold under the trade-in…
Employees of Betta Pharmaceuticals work on a drug packaging line in Hangzhou, Zhejiang province. WANG GANG/CHINA NEWS SERVICE Chinese firms can accelerate clinical trials and bring their drugs to market faster with more supportive policies, challenging foreign monopolies and positioning themselves as leaders in global biopharma, said a national political adviser on the sidelines of…
Engineers train a humanoid robot to gather information at a robot factory in Shanghai on Feb 18. TANG YANJUN/CHINA NEWS SERVICE China’s unswerving support for the private sector will significantly boost confidence and expectations among entrepreneurs, and revitalize the growth of the world’s second-largest economy, while motivating private enterprises to play a bigger role in driving…
SAIC Volkswagen launches the Teramont Pro SUV in Hangzhou, Zhejiang province, on March 10. [Photo provided to chinadaily.com.cn] SAIC Volkswagen has launched the Teramont Pro SUV, featuring the Sino-German joint venture’s latest gasoline powertrain and intelligent cockpit technology. The model is sold under a fixed-price strategy, with prices ranging from 269,900 yuan ($37,047) to 319,900…
BEIJING – China has issued comprehensive guidelines to accelerate the high-quality development of its environmental protection equipment manufacturing sector, targeting global competitiveness in the green technology market. The document was released on Wednesday by the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, and the State Administration for Market Regulation. It…