Skip to content

News

German watchmaker eyes growth potential in China

Upbeat about the Chinese market, German watchmaking company Nomos Glashutte has a long-term investment plan for the country, said its chief executive. On June 26, the company opened a lounge in Shanghai, its first outlet in China and Nomos Glashutte’s second dedicated lounge outside Germany, after New York. Uwe Ahrendt, CEO of Nomos Glashutte, said:…

Hainan eyes gasoline-free vehicles by ’30

New energy vehicles seen in Haikou, Hainan province. XINHUA Hainan province has set a 2030 deadline for banning the sale of new gasoline-powered vehicles, making it China’s first provincial-level region to adopt such a policy. The mandate is part of a plan by the province for the national ecological civilization pilot zone, which aims for…

Trade growth buoys intl outlook

A cargo ship docks at a port in Lianyungang, East China’s Jiangsu province, on Tuesday. WANG CHUN / FOR CHINA DAILY China’s foreign trade is expected to maintain steady growth momentum in the second half of 2026, supported by a strong innovation drive and resilient market players, further reinforcing the country’s role as a source of…

China automakers issue clarification on NEV service life

The China Association of Automobile Manufacturers, or CAAM, issued a statement on Tuesday after some media misread figures from its 2025 China Automotive Aftermarket Annual Development Report. The report showed that conventional passenger vehicles in operation had an average age of about 8.2 years by the end of 2025, while the average age of New…

Chinese AI models gain global users

China is stepping up its push for a more open, inclusive and collaborative approach toward artificial intelligence, as the country’s open-source AI ecosystem gains growing recognition among overseas users with its wider and fairer access to high-performance AI technologies at lower costs, said senior officials and industry experts. “China is ready to work with all…

Chinese AI models gain global users

China is stepping up its push for a more open, inclusive and collaborative approach toward artificial intelligence, as the country’s open-source AI ecosystem gains growing recognition among overseas users with its wider and fairer access to high-performance AI technologies at lower costs, said senior officials and industry experts. “China is ready to work with all…

Chinese tech firm Tenclass unveils AI-powered elderly care solution at UN WSIS summit

Wang Dexiang, vice-president of Tenclass. [Provided to chinadaily.com.cn] Chinese tech firm Tenclass showcased its AI-powered elderly care solution at the 2026 World Summit on the Information Society in Geneva, as the world faces a shared challenge of an aging population. “Aging is not a problem confined to any single nation — it is a shared…