A customer checks out liquor products at a market in Chongqing in January. [YANG MIN/FOR CHINA DAILY] After years of expansion, China’s liquor industry is shifting from rapid growth to a more rational and balanced market, as brands adapt to changing consumer preferences and market saturation. Cost-efficiency and international expansion have emerged as key drivers…
A passenger takes a trial ride on the EH216-S in Guangzhou, the capital of Guangdong province, in December. [Photo provided to chinadaily.com.cn] Unmanned aerial vehicles will start commercial operation in 2025, with more low-altitude aircraft entering the airworthiness certification and pilot application stage in Guangzhou, the capital of Guangdong province, according to Chen Tengfei, a…
On February 18, Draghi urged the EU to act as one state, tackle AI, energy, and trade challenges, and boost competitiveness through unity and large-scale reforms. In terms of trade, the EU operates under a single policy managed at the EU level rather than by individual member states. This covers trade negotiations, tariffs, and agreements…
Visitors explore the booth of Chinese automaker Wuling during the 2025 Indonesia International Motor Show in Jakarta, on Feb 13, 2025. [Photo/Xinhua] JAKARTA – Unlike in previous years, Indonesia’s largest automotive exhibition took on a different tone this year with the arrival of high-end Chinese car brands, including electric vehicles (EVs), on the showroom floor.…
A panel discussion takes place at the Open Path for Humanoid Robotics forum on Feb 23, 2025. [Photo by Luo Bin / chinadaily.com.cn] The Open Path for Humanoid Robotics forum, held at the West Bund Art Center in Shanghai on Sunday as part of the Global Developer Conference, saw a shared belief among industry leaders…
A view of the Australian wine exhibition area at the 7th China International Import Expo in Shanghai in November. [CHINA DAILY] A rebound in demand from the Chinese mainland has driven a strong recovery in Australian wine exports, with total export value surging 34 percent year-on-year to 2.55 billion Australian dollars ($1.62 billion) in 2024,…
A view of Beijing’s CBD area on Aug 19, 2022. [Photo/VCG] BEIJING – Foreign reinvestment in China benefiting from a preferential policy to temporarily exempt certain profits obtained by overseas investors from withholding income tax have seen rapid growth in 2024, data from the State Taxation Administration revealed on Thursday. The total value of reinvestment…
The electric vehicle market is experiencing a shift with the separation of vehicles and batteries becoming more prevalent. This took a major step forward with the establishment of a battery swap joint venture between battery giant CATL and domestic ride-hailing leader Didi last week. The joint venture, with a registered capital of 330 million yuan…
In the southwestern part of East China’s Shandong province, the Yellow River flows gently and constantly, nourishing a vibrant land of hope in the grain-producing county of Juancheng. Juancheng, which administers two sub-districts and 15 towns with a total population of over 923,000, witnessed its regional GDP hit some 31 billion yuan ($4.36 billion) in…
Signage for Chinese tech giant Alibaba is seen on a building in the Xuhui district in Shanghai on Feb 22, 2025. [Photo/VCG] Chinese tech giant Alibaba Group Holding Ltd announced on Monday its plan to invest over 380 billion yuan ($52.4 billion) in its cloud computing and artificial intelligence infrastructure over the next three years.…