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Spending rises during China’s Dragon Boat Festival holiday

China’s cultural and tourism market sustained growth momentum during last week’s Dragon Boat Festival holiday. Domestic trips reached 124 million, up 4.4 percent year-on-year, with total spending of 44.46 billion yuan ($6.55 billion), a four-percent increase. The steady rise across key indicators reflects the holiday economy’s continued resilience. Thanks to Chinadaily.com.cn Please visit: Our Sponsor

VW exports China-built vehicles to Uzbekistan

The first Volkswagen showroom in Uzbekistan opens in the capital city of Tashkent on June 17, 2026. [Photo provided to chinadaily.com.cn] Volkswagen’s namesake brand as well as Jetta have entered the Uzbekistan market with a lineup of vehicles produced in China, underscoring the growing role of the company’s China operations as a global export hub.…

Cambodia waives visa for Chinese travelers

Cambodia began a four-month visa-free trial for Chinese visitors on Monday, becoming the latest Southeast Asian country to ease visa policies as countries across the region compete for a larger share of China’s rebounding outbound travel market. The move reflects a broader race among Asian destinations to attract Chinese travelers, but analysts say visa-free access…

Zhipu AI first Chinese LLM firm to briefly hit HK$1 trillion valuation

Chinese artificial intelligence developer Zhipu AI crossed the HK$1 trillion ($127 billion) market valuation mark on Monday, becoming China’s first large language model company to reach a HK$1 trillion valuation at one point. The momentum also underscores growing investor confidence in China’s homegrown large language model developers. Zhipu AI’s shares jumped more than 42 percent during trading on Monday,…

Widespread transport network expands Dalian’s reach to the world

A maiden voyage ceremony for the Dalian-Middle East container route was held on May 26, filling the gap of direct shipping services. The route also creates an efficient maritime corridor for exporting Northeast China’s products, including grain, chemical products, electromechanical equipment and auto parts. A fleet of eight vessels each with a capacity of 20,000…

Full sail ahead for city’s exports thanks to shipbuilding, ICs and agriculture

The Dalian Night event adds color to the World Economic Forum Annual Meeting 2026 in Davos, Switzerland, in January. XU BOYUAN/FOR CHINA DAILY Despite global economic complexities and geopolitical uncertainties, Dalian reported marked growth in foreign trade, showing vitality and resilience. Dalian Customs data show the city in Liaoning province generated 166.21 billion yuan ($24.52…

Inner Mongolia’s 10th UHV power transmission corridor breaks ground

Construction launch ceremony for the Dalad-Mengxi 1,000-kV UHV transmission and transformation project on June 18. [Photo/Grassland Cloud] Construction began on June 18 for the Dalad-Mengxi 1,000-kilovolt ultra-high-voltage (UHV) alternating current transmission and transformation project, marking the 10th UHV power transmission corridor in North China’s Inner Mongolia autonomous region. The project starts at the Dalad UHV…

Summer Davos spotlight falls on host city Dalian’s economic rise

The 17th Annual Meeting of the New Champions, aka the Summer Davos, is being held in Dalian from June 23 to 25, attracting guests from home and abroad to the coastal city in Liaoning province. Located at 122 degrees east longitude and 39 degrees north latitude, the modern marine metropolis of Dalian enjoys the status…