LI MIN/CHINA DAILY Beneath the warm Hainan sun, a “solar tree” with silver-gray “leaves” quietly converts sunlight into electricity. Nearby, benches made of local volcanic stone, embedded with wireless chargers, offer park-goers a blend of rest and clean energy. This is not a conceptual art exhibit, but a glimpse into daily operations at the Haikou…
This photo taken on Sept 2, 2024 shows the skyline of the central business district (CBD) at dusk in Beijing, capital of China. [Photo/Xinhua] BEIJING – Beijing saw over 2,400 new registrations of overseas-funded businesses in 2025, marking an increase of 19.5 percent year-on-year, according to local authorities. Last year, the national capital recognized 20…
A staff member provides departure tax refund service for a tourist from Russia at a shopping center in Beijing, capital of China, April 30, 2025. [Photo/Xinhua] A sharp rise in departure tax refunds for overseas visitors helped drive a rebound in inbound consumption in China in 2025, as a broad set of policies aimed at…
A worker inspects the batteries of pure electric vehicles at the production workshop of Haima Automobile’s base in Haikou, Hainan province, in October 2022. YUAN CHEN/FOR CHINA DAILY China will assign a unique “digital identity” to every new-energy vehicle power battery to strengthen full-lifecycle supervision and promote safe, efficient recycling, the country’s top industry regulator…
Visitors gather at Covestro’s booth at PU China 2024, held in Shanghai on July 17, 2024. [Photo/VCG] Covestro AG, the German manufacturer of polymers and high-performance plastics, is increasing its investment in China as part of its strategy to strengthen local production, innovation and market responsiveness, with thermoplastic polyurethane (TPU) identified as a key growth…
Customers pick out special purchases for Spring Festival at a supermarket in Kaifeng, Henan province, on Jan 25. LI JUNSHENG/FOR CHINA DAILY China will weigh more efforts toward stimulating service consumption, optimizing consumer goods trade-in policies and tapping the spending power of smaller cities, to further unleash the consumption potential of 1.4 billion people, the…
Yu Qian, QCraft’s co-founder, chairman and CEO, explains the company’s development plans on Jan 23, 2026. [Photo provided to chinadaily.com.cn] QCraft has seen its driver-assistance solutions installed in more than 1 million vehicles, marking a new phase of large-scale commercialization. Its systems are currently deployed across 23 production models from nearly 10 automakers, including Li…
An employee operates at a smart workshop of Luoyang Bearing Group Co Ltd in Luoyang, Central China’s Henan province, Nov 4, 2025. [Photo/Xinhua] BEIJING – Profits of China’s major industrial firms returned to growth in 2025, snapping a three-year streak of declines, with emerging sectors such as equipment manufacturing and high-tech manufacturing serving as major…
China’s push for high-quality development is increasingly being driven by private enterprises that combine technological breakthroughs with stronger connectivity across regions, playing a growing role in industrial upgrading and supply-chain resilience. The trend comes as national efforts to upgrade industrial chains and strengthen the real economy continue to create new space for private manufacturers to…
China’s top tax authority said on Wednesday that a total of 33.1 trillion yuan ($4.6 trillion) in taxes and fees were collected in 2025, meeting the government’s annual revenue target. The State Taxation Administration highlighted that key tax relief measures, aimed at backing technological innovation and the manufacturing sector, resulted in more than 2.8 trillion…