Potential car buyers seen at a Tesla showroom in Shanghai. [Photo/China Daily] China is becoming a crucial market for Tesla, with the electric-vehicle maker offering incentives to boost sales in the country and its Shanghai factory recently exporting its 1 millionth vehicle. According to Wall Street estimates, Tesla, based in Austin, Texas, is expected to…
China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. [Photo/Xinhua] The European Union’s latest move to impose tariffs on Chinese electric vehicles will not only fail to resolve any issues, but also weaken the confidence of Chinese companies to invest in and collaborate with their EU partners, the Ministry of Commerce said…
A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China’s Anhui province. [Photo/IC] BEIJING – China’s external financial assets topped $9.79 trillion at the end of June, official data showed on Monday. The external financial liabilities stood at over $6.8…
International travelers visit the new round-the-clock one-stop service station launched at Terminal 2 of Pudong International Airport on June 29, 2024. [Photo by Li Junfeng / chinadaily.com.cn] BEIJING – Chinese authorities on Monday announced further measures that will help ease payment services for travelers who arrive in the country from overseas. According to a circular…
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Residential buildings pictured in Changsha, Central China’s Hunan province on May 9, 2021. [Photo/VCG] Beijing announced late Monday that it would further optimize its local property policies by taking measures such as reducing down payment rates for both first-home and second-home purchases, lowering the purchase threshold for nonlocal buyers and adjusting existing home mortgage rates,…
Members of LGD Gaming club enter the arena of King Pro League Summer 2024 in Shanghai on Aug 29. [Photo/China Daily] The parents of 20-year-old Li Daheng did not support him when he first decided to become a professional esports player a few years ago. Their opposition didn’t work. “There are many choices,” Li mused…
Tourists take a hot air balloon ride over Serengeti National Park in Tanzania in July. [CHINA DAILY] A rising trend of visiting Africa has emerged as Chinese tourists increasingly set their sights on the continent, especially experienced tourists who travel abroad frequently and younger adventurers with a thirst for more exotic experiences. Africa, with rich…
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A consumer (right) learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING – The ongoing trade-in program for home appliances has led to a surge in sales revenues which topped 33.5 billion yuan ($4.78 billion) since August, the latest data from the Ministry of Commerce…