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International investment and trade fair opens in Xiamen

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The 24th China International Fair for Investment and Trade kicks off in Xiamen, East China’s Fujian province, on Sunday. [By Hu Meidong/China Daily] The 24th China International Fair for Investment and Trade kicked off in Xiamen, East China’s Fujian province, on Sunday. Under the theme “Investment Connecting the World”, the four-day event has attracted participants…

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China launches anti-dumping probe into Canadian rapeseed imports

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China has launched an anti-dumping investigation into rapeseed imports from Canada, effective from Monday, according to the Ministry of Commerce. Preliminary evidence and information obtained by the Ministry of Commerce indicate that Canadian-origin rapeseeds are being sold in China at prices lower than their normal value, suggesting the fact of dumping, the ministry’s trade remedy…

German firms make beeline for China market

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NANJING/BERLIN — Philipp Kortum, chief financial officer of TUV Rheinland, a renowned German testing and certification services provider, was astounded by the swift completion of its Phase II laboratory in Taicang, a county-level city in East China’s Jiangsu province. Completed six months ahead of schedule, the Yangtze River Delta Operation Hub in Taicang, now TUV…

US chemistry company opens beauty research institute in Shanghai

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US-based specialty chemistry company Lubrizol Corp has opened its beauty research institute in Shanghai as its firm commitment to further local-for-local innovation and growth, said a top executive of the company, which is owned by multinational conglomerate Berkshire Hathaway. “We think this region is perfect and couldn’t have a better place in China,” said Rebecca…

Ant Group launches secure computing platform for LLMs at Shanghai conference

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Wang Lei, CEO of Ant Cryptographic Computing Technologies, speaks at the Inclusion Conference on the Bund, Sept 6, 2024. [Photo provided to chinadaily.com.cn] Ant Group subsidiary, Ant Cryptographic Computing Technologies, introduced its SecretFlow Cloud platform at the Inclusion Conference on the Bund on Sept 6. This cryptographic computing platform seeks to facilitate secure data circulation…

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EU tariffs threaten our future, says Cupra chief

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China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. [XINHUA] An electric vehicle designed in Spain by Volkswagen’s Cupra brand but made in China would be “wiped out” if the European Commission followed through with planned import tariffs of 21.3 percent, the brand’s CEO said. Raising the price of the Tavascan, an…

Robots change people’s daily lives in China

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A robot plays guzheng, a Chinese zither, at an expo in Guangzhou, South China’s Guangdong province on Sept 8, 2024. [Photo/VCG] Robots are changing Chinese people’s life in different occasions. They can not only provide important information at high-level conferences and banks but also service coffee and meals. Some can even play guzheng, a Chinese…

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Hefei EV power system firm eyes bigger presence

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Employees of SinoEV(Hefei) Powertrain Technologies work at its factory in Hefei, Anhui province, in April. [Photo provided to China Daily] SinoEV (Hefei) Powertrain Technologies Co Ltd, a pioneer of electric vehicle power systems, is steering its global expansion with a flexible manufacturing chain and technological innovations, which position it well to navigate challenges and opportunities…

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Chinese marques creating new frontiers across Africa

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Kenyans test drive the Neta V electric crossover. [Photo/Xinhua] A Neta showroom opened in late June in Nairobi, capital of Kenya — the Chinese new energy vehicle startup’s first dealership in Africa. “Kenya has the largest automotive market in East Africa and the prospects are bright for new energy vehicles,” said Neta in a statement.…

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German brands revving up presence in China

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Mercedes-Benz showcases the EQE 500 4MATIC Flagship at an auto show in Changchun, Jilin province, in July. [Photo provided to China Daily] Mercedes-Benz, BMW and Audi are preparing to roll out new models in China, scheduled to hit the market from 2025, as local Chinese rivals threaten to hog the limelight in the premium sector…