A man looks at a Volkswagen SUV in a dealership in Shanghai in December. YIN LIQIN/CHINA NEWS SERVICE China has extended its vehicle trade-in policy for 2025, a move experts anticipate will yield a stronger effect than in 2024, leading to a potential surge in the consumption of automobiles in the world’s largest vehicle market. The…
A visitor interacts with a customer service robot during a financial expo in Beijing. DU JIANPO/FOR CHINA DAILY With the rapid growth of the digital economy, digital finance has fundamentally altered traditional financial operations and service models. It not only represents a digital upgrade of financial services, but also serves as a powerful force driving…
Recently, when I returned to my hometown of Taiyuan in Shanxi province, it was hard not to notice a change in the air after years of living in bustling metropolises like Beijing. The second-tier city, where shopping options were once relatively limited to local brands and the occasional regional chains, has seen a remarkable shift…
A worker deposits fabric products into a three-dimensional warehouse at a company in Keqiao district of Shaoxing, Zhejiang province, on March 14, 2024. [Photo/Xinhua] HANGZHOU — Zhejiang, a major manufacturing province in eastern China, plans to cultivate 20 new “Eagle Enterprises”, or industry leaders, predominantly from the private sector, in 2025. This initiative aims to…
China’s State-owned enterprises have made significant contributions to infrastructure development in countries and regions involved in the Belt and Road Initiative or BRI, greatly improving local living standards. One such enterprise is the Shandong Electrical Engineering and Equipment Group, a State-owned company under the China Electrical Equipment Group Co specializing in electrical equipment manufacturing and…
When Hexagon AB, a Swedish metrology and geo-analytics company, first entered the Chinese market in 1993, all its coordinate measuring machines — devices used to gauge the precise geometrical characteristics of objects — had to be imported from Europe. More than 30 years on, the company sees 90 percent of its machines manufactured in China.…
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BEIJING — China’s financial regulatory authority has approved the launch of the second batch of pilot programs for long-term stock investments, with a scale of 52 billion yuan ($7.25 billion). China Pacific Life Insurance Co Ltd, Taikang Life Insurance Co Ltd, Sunshine Life Insurance Co Ltd, and relevant insurance asset management firms are authorized by…
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This aerial photo taken on Sept 12, 2023 shows a view of the container terminal of Haikou Port in Haikou, South China’s Hainan province. [Photo/Xinhua] In a move to bolster the growth of the Hainan Free Trade Port and broaden the spectrum of zero-tariff goods, a joint announcement by the Ministry of Finance, General Administration…