In an exclusive interview with China Daily, Rohit Aggarwal, CEO of the Austrian cellulosic fiber company Lenzing Group, said the company will continue its investment in China, considering it as one of its most important markets. Aggarwal expressed the company’s commitment to continue introducing new fibers and technologies into the country based on the changing…
China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. [Photo/Xinhua] China is studying measures to raise import tariffs on large-displacement fuel vehicles, and will make a cautious decision after considering all factors comprehensively, the Ministry of Commerce said on Thursday. This move follows the European Commission’s recent announcement of plans to impose…
BMW will start mass production in China of cars with vehicle-to-everything technology from 2025, said a senior R&D executive on Thursday. “China is the fertile ground for the development of intelligent connected vehicles,” said Robert Kahlenberg, senior vice-president of BMW Research & Development China, at the ongoing 2024 World Intelligent Connected Vehicles Conference. He said…
A property project under construction in Beijing. TANG KE/FOR CHINA DAILY China has rolled out new policy measures to rejuvenate the shaky property sector, with expanded funding for troubled property developers and renovation of an additional 1 million homes high on the agenda. Analysts said this will shore up sentiment among homebuyers and investors, and facilitate…
Chinese automaker Chery unveiled its flying car, which is able to support full autonomous driving, at its innovation conference on Friday, as it looks to carve out a competitive edge in the global automotive market. The futuristic vehicle, without a steering wheel or accelerator, has already completed a successful test flight distance of 80 kilometers.…
Prospective homebuyers look at a property model at a sales office in Beijing on Oct 6. [Photo/China News Service] BEIJING — As Niu Motian’s friends were enjoying gourmet dishes and showing off their new clothes during the National Day holiday, the white-collar employee in Beijing was conducting due diligence before buying something much more valuable.…
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A view of Beijing’s CBD area on Aug 19, 2022. [Photo/VCG] NEW YORK – Goldman Sachs on Sunday lifted its forecasts on China’s economic growth for 2024 and 2025 on the grounds of the country’s recent pro-growth measures. China’s gross domestic products (GDP) would expand by 4.9 percent in 2024, up from an earlier forecast…
Visitors look at self-driving vehicles displayed during the 2024 World Intelligent Connected Vehicles Conference in Beijing, Oct 17, 2024. [Photo/Xinhua] The 2024 World Intelligent Connected Vehicles Conference kicked off in Beijing on Thursday, during which a series of activities will be staged to promote the coordinated development of intelligent connected vehicles and related fields. Tanks…
The sixth China-Central and Eastern European Countries Local Leaders’ Meeting which opened on Wednesday in Yantai, Shandong province, brought together more than 300 participants from Central and Eastern European countries. [Photo provided for chinadaily.com.cn] Participants at the 6th China and Central and Eastern European Countries Local Leaders’ Meeting said the China-CEEC cooperation mechanism has promoted…