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New index to help cultivate new quality productive forces

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[Photo/VCG] BEIJING – The China Securities Index Co Ltd (CSI) officially launched a new stock index, CSI A500, on Monday. The index tracks 500 securities with large market values to reflect the overall stock performance of the listed companies most representative of China’s various industries, according to the company. With a sample selection including leading…

CIFTIS successfully showcases green firms

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BEIJING — The 2024 China International Fair for Trade in Services in Beijing served not only as a platform to showcase innovation in new quality productive forces, but also empowers enterprises to embrace a green and low-carbon future in the Chinese market. Held from Sept 12 to 16, the fair showcased advancements in green and…

Thailand emerging as strategic market for Chinese automakers

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Changan’s premium NEV arm, Avatr, unveils the 11 SUV coupe in Bangkok on Sept 17, marking its official entry into Thai market. CHINA DAILY Avatr entered the Thai vehicle market last week, becoming the latest on a long list of Chinese vehicle makers to explore the Southeast Asian country. The startup unveiled the Avatr 11, an…

Fengjie develops into a major eyewear manufacturing hub

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An employee makes eyeglasses at a factory in Fengjie Ecological Industrial Park, Chongqing. [Photo provided to China Daily] Fengjie, a small county in the eastern part of Chongqing, has in recent years emerged as the largest eyewear manufacturing hub in western China, thanks to its good location, rich human resources and relatively cheap production costs.…

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Cooperation between China, Europe called key for future of electric vehicle industry

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Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. [Photo/Xinhua] China has vowed to continue negotiations until the very last moment in response to the European Union’s anti-subsidy probe into battery electric vehicles produced in China, Minister of Commerce Wang Wentao said on Wednesday. The future success of…

Toymakers in Chenghai bank on IP from growth

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Toys are displayed during an international toy and gift exhibition in Shantou, Guangdong province, in April 2023. QIU QUANLIN/CHINA DAILY Toy businesses in the Chenghai district of Shantou, Guangdong province, are ramping up efforts to tap more consumers, with a focus on intellectual property protection. Home to more than 50,000 toy businesses, Chenghai produces nearly…

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Trade in services experiencing exponential growth

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Visitors check out a colored lantern at the Sichuan province exhibition stand during the 2024 China International Fair for Trade in Services in Beijing on Sept 12. ZHANG WEI/CHINA DAILY For Koh Poh-Yian, senior vice-president of FedEx Express and president of FedEx China, 2024 is undoubtedly shaping up to be a busy year. The United States-based…

Nio’s Onvo launches L60 SUV

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Nio’s Onvo brand launched its first model, the L60, on Thursday in Hefei, Anhui province, which will be delivered from Sept 28. The five-seat electric SUV, with a starting price from 206,900 yuan ($29,270), offers two battery packs of 60 kilowatt-hours and 85 kWh, which can run 555 kilometers and 730 km, respectively on one…