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China accelerates high-quality growth with new quality productive forces

As a pivotal move in China’s pursuit of high-quality growth, the development of new quality productive forces has gained significant momentum, with remarkable results achieved across various sectors in 2024, said Liu Jieyi, spokesperson for the third session of the 14th Chinese People’s Political Consultative Conference National Committee. Liu made the remarks at the nation’s…

Euro area annual inflation down to 2.4%

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EU environmental employment up 10% on average in 2022

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Beijing establishes Visa-UnionPay Zone to aid tourist payments

Visa has partnered with China UnionPay to establish the Visa-UnionPay Zone. [Photo provided to chinadaily.com.cn] Visa has partnered with China UnionPay to establish the Visa-UnionPay Zone, an accessible payment service demonstration zone along Beijing’s Central Axis – a popular destination for tourists that became a UNESCO World Heritage Site in July. The initiative, launched on…

More insurers join China’s insurance platform for new energy vehicles

An employee works at an automobile assembly workshop in Chongqing in January. WANG QUANCHAO/XINHUA BEIJING – A total of 22 insurance companies officially joined on Friday an insurance platform dedicated to ensuring proper coverage for new energy vehicles (NEVs) in China. This is the second batch of insurers enlisted on the platform, according to the…

China’s e-commerce giant ramps up AI investment to innovate business landscape

Visitors gather at Apsara Conference, Alibaba Cloud’s annual flagship event, in Hangzhou, Zhejiang province. LONG WEI/FOR CHINA DAILY BEIJING – The Qwen foundation model, developed by China’s Alibaba Group, has spawned over 100,000 derived models, claiming the top spot globally. This advancement comes as the e-commerce giant continues to ramp up its investment in AI,…

Nation’s first cross-border e-commerce export business for aviation products completed in Qingdao

The Jinjun Yunda Supply Chain (Qingdao) Co Ltd, based in East China’s Shandong province, has announced a batch of aviation products for export under the “9710” Customs supervision method for cross-border e-commerce, marking the successful Customs clearance of China’s first cross-border e-commerce export business for aviation products. Conducted lately through the Qingdao cross-border e-commerce comprehensive…

Trump’s Tariff Salvos, China’s Overcapacity, and Ukraine Caught in a Geopolitical Reality Show

China remains silent in response to President Trump’s repeated statements about imposing new tariffs on Chinese products. Beyond expressing dissatisfaction, the government is likely waiting for directives from the upcoming Two Sessions—a key event in China’s political calendar—set to take place on March 4 and 5.Meanwhile, analysts debate how these tariffs might affect U.S. consumers,…

Buick rolls out fixed-price sales strategy in China

Buick announces the fix-priced strategy on Feb 28, 2025. [Photo provided to chinadaily.com.cn] Sino-US joint venture SAIC GM has started a “fixed-price” sales strategy for its Buick marque, in an effort to boost its appeal amid intense competition in the Chinese vehicle market. The transparent, non-negotiable pricing approach, inspired by direct-sales strategies used by new…

Over 400 experts discuss AI role in social sciences at Fudan University

Fudan University in Shanghai held the 2025 Humanities and Social Sciences Intelligence Conference themed “AI-driven theoretical innovation and paradigm shift in humanities and social sciences” on Saturday. More than 400 experts from domestic politics, business, academic, and media sectors as well as representatives of teachers of students participated in the event. Focusing on topics, such…