BEIJING — During the 15th Five-Year Plan period (2026-30), China will unswervingly expand high-level opening up and promote high-quality development, which will create wider market opportunities for multinational corporations, Chinese Vice-Premier He Lifeng said in Beijing on Saturday. He, also a member of the Political Bureau of the Communist Party of China Central Committee, made…
January brought a fresh widening in the EU’s trade gap with China. Exports fell 5%, imports rose 1%, and the deficit increased from €31.3bn to €32.5bn. Overall, EU exports were down 10% year on year, dragged lower by a striking near -28% plunge in exports to the U.S.At first glance, January EU imports from China…
MTR invests in CRRC Guangdong. CHINA DAILY The China Development Forum 2026 started in Beijing on Sunday, bringing together global business leaders and policymakers to explore sustainable economic growth under China’s 15th Five-Year Plan (2026-30). Among the distinguished speakers, Jacob Kam, chairman of MTR Corp, highlighted the Hong Kong-based railway operator’s two-decade journey contributing to…
Several vehicles featuring QCraft’s system are seen in Beijing in January 2026. [Photo provided to chinadaily.com.cn] Chinese autonomous driving startup QCraft said on Monday it has raised $100 million in a new round of Series D financing, as it pivots toward higher-level autonomy and physical AI technologies. The latest funding was backed by a group…
Laopu Gold Co Ltd has reported a rise in annual sales. In its preliminary earnings announcement, the company estimated tax-inclusive sales of 31 billion yuan ($4.5 billion) to 32 billion yuan, up 216 percent to 227 percent year-on-year. Net revenue is expected at 27 billion yuan to 28 billion yuan, while net profit is forecast…
Chris Kempczinski, McDonald’s chairman and CEO, said in an exclusive interview with China Daily that “We’re growing a lot in China. We believe in the country and we believe in the business. If China delivers the around 4.5 percent GDP growth target, that would certainly be a really healthy number. And 5 percent GDP growth…
Patrick Horber Novartis, an innovative medicines company based in Basel, Switzerland, will continue to boost its multidimensional investment strategy in China, by expanding innovation, building manufacturing capacity and increasing collaborative research and development, in order to grow together with the Chinese biopharmaceutical industry, a senior executive said. Reflecting the pharmaceutical company’s investment and focus on…
China’s A-share market is at a critical turning point as recovering economic fundamentals and fresh capital inflows drive a shift from zero-sum game toward incremental allocation, with a more resilient and stable capital market ecosystem taking shape, according to participants at a CITIC Securities forum. China has set its 2026 GDP growth target at 4.5…
Hyundai’s new Nexo hydrogen vehicle garners attention at the World IT Show 2025 in Seoul, South Korea, in April 2025. CHRIS JUNG/GETTY IMAGES China has launched a pilot program to accelerate the development and large-scale application of green hydrogen energy, aiming to drive technological innovation and establish hydrogen power as a new growth driver for…
Nvidia CEO Jensen Huang gives the keynote address at the company’s annual GTC developers conference in San Jose, California, on March 16. JOSH EDELSON / AFP The rise of OpenClaw, the open-source autonomous AI agent that has taken the tech world by storm, was a hot topic at Nvidia’s annual conference this week, with industry…