A staff member of State Grid Xuzhou Power Supply Co (right) visits Keya Electromechanical Co Ltd in Fengxian county, Jiangsu province, on March 7, to help deal with power supply issues. YANG MENGJIE/FOR CHINA DAILY In Xuzhou, Jiangsu province, Fengxian county — the hometown of Liu Bang who founded the Western Han Dynasty (206 BC…
Global sandwich giant Subway’s new store in Chengdu, Sichuan province, China in 2024. [Photo provided to chinadaily.com.cn] Global sandwich giant Subway has rolled out a comprehensive expansion strategy for the Chinese market, targeting 300 to 500 new stores annually over the next five to 10 years as part of its brand revitalization. The plan was…
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s central bank has signaled a measured approach to monetary easing this year, pledging to maintain ample liquidity to support economic recovery, according to a statement released on Thursday following a meeting held by the People’s Bank of…
BMW showcases a Vision Neue Klasse model at the 2024 Beijing auto show. [Photo by Li Fusheng/chinadaily.com.cn] BMW has partnered with Huawei to develop an in-car digital ecosystem in China based on the technology company’s Harmony operating system, which is used by its phones and other smart devices, said the German carmaker on Monday. “In…
A bird’s-eye view of a Hualong One nuclear unit in Zhangzhou, Fujian province. [Photo/Xinhua] Nuclear power should take on a bigger role in China’s push for carbon neutrality by expanding its use in energy-intensive industries and supporting large-scale clean energy development. Lu Tiezhong, chairman of China National Nuclear Power Co, called for the steady development…
From left to right: Winnie Ma, president for APAC Region at VF Corporation; Willie Tan, CEO of Skechers China, South Korea and Southeast Asia; Grace Dong, president of Avnet China; Benjamin Ling, regional president Asia at Roehm. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. To help in…
The United States’ plan to impose substantial port docking fees on Chinese ships is likely to be passed on to the consumers in the US, according to Zhou Dequan, chief economist of the Shanghai International Shipping Institute. The US Trade Representative (USTR) on February 21 proposed hefty fees on Chinese-built vessels entering US ports to…
Leapmotor starts presales of the B10 SUV in Hangzhou, Zhejiang province, on March 10. CHINA DAILY New energy vehicle startup Leapmotor started presales of its B10 last week, aiming to seize the mass market with low-cost intelligent driving features in the competitive Chinese auto market. The electric SUV has five variants with presale prices from…
An aerial view of the construction site of the Wuxi-Yixing Expressway expansion project, undertaken by State builder China Railway Construction Corp’s 24th bureau. CHINA DAILY The decision to maintain the 2025 GDP growth target at “around 5 percent”, as revealed in the Government Work Report released during the recently concluded two sessions, alongside an enlarged deficit-to-GDP…
Pedestrians walk past an Urban Revivo store in Jing’an district, Shanghai, on Sept 4, 2024. [Photo/VCG] Chinese retailer Fashion Momentum Group’s Urban Revivo brand officially made its debut in the United States last month by opening its first flagship store in New York’s SoHo district, marking the continuation of its global expansion. The 2,855-square-meter store…