China’s industrial profits grew at a faster pace in the opening months of the year, official data showed on Friday, as enterprises navigate a more favorable environment created by new government macroeconomic policies. China’s industrial enterprises with an annual revenue of at least 20 million yuan ($2.89 million) saw their total profits jumped 15.2 percent…
Chinese automakers have overtaken Japanese peers in global sales for the first time in decades. The companies sold about 27 million new vehicles worldwide last year, up around 10 percent year-on-year, according to a recent news report by Nikkei, citing data from Japanese market research firm MarkLines. In comparison, Japanese automakers saw a slight decline,…
An image captures a vessel being built at a shipyard of Hudong-Zhonghua Shipbuilding (Group) Co Ltd in Shanghai. SHEN CHUNCHEN/FOR CHINA DAILY Hudong-Zhonghua Shipbuilding (Group) Co Ltd, boasting the largest amount of liquefied natural gas carrier orders in terms of capacity among global shipyards, seeks to further consolidate its strength through doubling capacity and stable…
From left to right: Cui Jingyi, vice-president of Aveva and head of Aveva China; Zhang Ying, managing director of Dassault Systemes Greater China; Zhao Yongzhan, executive VP of Hitachi Energy, region head of Hitachi Energy Greater China; Camilla Dewoon, executive vice-president of Scania Group, head of Scania Group China Editor’s Note: As China launches its 15th Five-Year Plan (2026-30),…
Chinese top regulators’ tightened oversight on misleading information or market manipulation is expected to create a clearer and healthier market environment, safeguarding investor interest and facilitating the inflow of more long-term capital, experts said. They cited the 13 million yuan ($1.9 million) fine on Jiangsu province-based Shuangliang Eco-Energy Systems Co Ltd as the latest example.…
Executives of multinational corporations struck a bullish note late on Sunday at the China Development Forum 2026’s Beijing Night, expressing renewed confidence in investing in the Chinese capital following a keynote speech by Beijing’s top official. In his speech, Yin Li, Party secretary of Beijing, highlighted the city’s role as a global innovation hub, citing…
Trainers instruct humanoid robots on folding laundry and organizing clothing at China’s largest humanoid data-training center in Beijing in 2025. [Photo provided to CHINA DAILY] In an office building in Beijing’s Shijingshan district, a special “school” is in full swing, with nearly 200 human teachers and 100 humanoid robot students. The instructors wear headsets, hold…
The artificial intelligence surge is rapidly reshaping China’s digital economy. On Tuesday, a senior official in charge of data security pointed to an explosion in “tokens” as both a barometer of growth and a new export frontier. Liu Liehong, head of the National Data Administration, said that daily consumption of tokens — tiny data units…
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Lei Jun, chairman CEO of Xiaomi, unveils its new-generation SU7 electric vehicle, in Beijing last week. [Photo provided to chinadaily.com.cn] Xiaomi Corp announced on Tuesday that it delivered its strongest annual performance to date in 2025, with total revenue reaching 457.3 billion yuan ($66.4 billion), a 25 percent year-on-year increase. Adjusted net profit rose 43.8…