In a strategic push to accelerate the internationalization of its commerce sector, Linyi in Shandong province is leveraging the Belt and Road Initiative to evolve from a national trading hub into a global one. “In 2025, we organized 1,667 enterprises to explore overseas markets in countries involved in the Belt and Road Initiative and hosted…
Chinese Commerce Minister Wang Wentao attends a press conference for the fourth session of the 14th National People’s Congress on economy in Beijing, capital of China, March 6, 2026. [Xinhua/Li Xin] China will expand imports of agricultural products, high-quality consumer goods, advanced technological equipment, and key components, as part of efforts to promote a more…
President Xi Jinping (center), who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, and other leaders attend the opening meeting on Thursday of the fourth session of the 14th National People’s Congress, China’s top legislature, at the Great Hall of the People in Beijing.…
Visitors check out smart watches at Huawei’s global flagship store on Nanjing Road, Shanghai, on Feb 27. WANG GANG/FOR CHINA DAILY The Spring Festival holiday has concluded, but one of the clearest consumption signals is likely to endure: the holiday spending surge was defined less by lavish feasts and luxury gifts and more by a…
China’s artificial intelligence industry has entered what could prove to be a defining phase in its competition with the United States, with leading domestic large language models now matching top-tier US systems in performance, said Yu Xianrong, head of Greater China Economics at Citi. The rapid progress in AI and broader technological innovation are among…
A worker works at an assembly line of Voyah, a Chinese NEV brand, in Wuhan, Central China’s Hubei province, April 9, 2025. [Photo/Xinhua] China’s factory activity contracted for a second consecutive month in February, official data showed on Wednesday. The official purchasing managers index (PMI) for the manufacturing sector came in at 49 in February,…
The Chinese automotive industry is moving away from vicious competition, or “involution”, toward a more sustainable and quality-focused development model, Li Shufu, a member of the National Committee of the Chinese People’s Political Consultative Conference, said. Speaking to China Daily on Tuesday, Li, who is also the chairman of Geely Holding Group, highlighted a significant…
[Photo provided to chinadaily.com.cn] Under the theme “Co-creating an Intelligent Digital Ecosystem”, UniCom presented its achievements in Computing Network-Based Digital Infrastructure, Digital-Real Integration, and Innovation-Driven Future at the 2026 Mobile World Congress (MWC), which took place in Barcelona, Spain, from March 2 to 5. As a leading global provider of integrated digital service, UniCom focuses…
A desert photovoltaic power base in Ordos, Inner Mongolia. [Photo/VCG] In 2025, North China’s Inner Mongolia autonomous region achieved a major milestone as its installed wind power capacity surpassed 100 million kilowatts, the first in the country to do so. Throughout the year, the region added 35 million kW of new energy capacity, bringing its…
BEIJING – The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 49.5 in February, up 0.1 percentage points from the previous month, official data showed Wednesday.This reflected improved business sentiment in the non-manufacturing sector, according to the National Bureau of Statistics (NBS). A reading above 50 indicates expansion, while a reading below…