Consumers check out an XPeng new energy sedan at a shopping mall in Wuhan, Hubei province, on Jan 14. ZHAO JUN/XINHUA China’s automobile industry set records in both production and sales in 2025, maintaining its top position globally for the 17th consecutive year, according to the China Association of Automobile Manufacturers. New energy vehicles and…
Alexander Pollich, Porsche China CEO Porsche is reaffirming its long-term strategy in the Chinese market, emphasizing brand value over short-term sales growth amid a complex and evolving luxury auto landscape. Like most global car brands, the German sports carmaker saw its sales fall in China in 2025, faced with pressure from an increasingly competitive market…
BEIJING – The People’s Bank of China, the country’s central bank, announced on Wednesday that it will conduct a 900-billion-yuan ($128.35 billion) outright reverse repo operation on Thursday to maintain ample liquidity in the banking system. The operation will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple…
China will reduce the interest rates of various structural monetary instruments by 0.25 percentage points in order to boost lending, with the one-year interest rate on various central bank lending facilities to be lowered from the current 1.5 percent to 1.25 percent, Zou Lan, vice-governor of the People’s Bank of China, said. The minimum down…
China’s gross domestic product expanded by 5 percent to reach 140.19 trillion yuan ($20.13 trillion) in 2025, the National Bureau of Statistics said on Monday. In the fourth quarter, the economy expanded 4.5 percent from a year earlier and grew 1.2 percent from the previous quarter, the NBS said. Despite a complex domestic and external environment,…
CAI MENG/CHINA DAILY Building more homes that are safe, comfortable, eco-friendly and smart during the 15th Five-Year Plan (2026-30) period is an important measure to practice a people-centric philosophy of development and fulfill people’s aspirations for better lives. It is also a key pathway to promoting high-quality development of the construction sector and fostering new…
China’s gross domestic product expanded by 5 percent to reach 140.19 trillion yuan ($20.13 trillion) in 2025, the National Bureau of Statistics said on Monday. In the fourth quarter, the economy expanded 4.5 percent from a year earlier and grew 1.2 percent from the previous quarter, the NBS said. Despite a complex domestic and external environment,…
China’s gross domestic product expanded by 5 percent to reach 140.19 trillion yuan ($20.13 trillion) in 2025, the National Bureau of Statistics said on Monday. In the fourth quarter, the economy expanded 4.5 percent from a year earlier and grew 1.2 percent from the previous quarter, the NBS said. Despite a complex domestic and external environment,…
Driven by the sustained implementation of trade-in policies, pilot reforms in automobile circulation, and efforts to expand used car transactions, China’s used car market is gradually shifting from a fragmented, regional play into one that is heading toward nationwide circulation. The numbers tell a clear story. Data from the China Automobile Dealers Association show that…
A humanoid robot conducts box-carrying training at a data collection pre-training center for humanoid robots in Hefei, East China’s Anhui province, on Dec 4. ZHANG DUAN/XINHUA HEFEI — From robots deployed at airports and hotels to autonomous vehicles navigating city roads and quantum computing tackling complex industrial calculations, innovations in China are moving rapidly from…