As China’s auto sector shifts from rapid expansion to higher-quality development, automotive culture is emerging as a crucial driver for unlocking new value, reshaping competition and sustaining long-term growth, industry experts said. “Automotive culture is a core driving force in shifting the industry from scale-driven cutthroat competition to value creation,” said Wu Songquan, senior chief…
China’s State asset and State enterprise reforms are a key plank of economic restructuring and should be advanced through a new round of deepening reforms to seize development opportunities and accelerate the building of more world-class companies, officials and experts said. China has taken a major step toward a foundational, comprehensive law on State-owned assets,…
Workers check equipment in the “Devil City” Operation Area of China National Petroleum Corp’s Xinjiang Oilfield on April 4. LYU DIANJIE/YANG CHUYI/FOR CHINA DAILY URUMQI — Xinjiang Oilfield, a major oil production base in northwestern China, has achieved annual carbon dioxide (CO2) storage of over 1 million metric tons as of Sunday, marking a breakthrough…
The Hong Kong Special Administrative Region is expected to post an economic growth rate above 3 percent for 2025, supported by the resilient export sector and the nascent recovery of domestic consumption, experts said. Hang Seng Bank has raised the GDP forecast from 2.5 percent to 3.2 percent for 2025, as the domestic economy is…
A shopper buys vegetables at a supermarket in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY China is accelerating its push toward a consumption-led economic model, with policymakers identifying the expansion of domestic demand as the key driver of GDP growth during the 15th Five-Year Plan period (2026-30), economists and officials said. Following the tone-setting Central…
A view of Beibu Gulf Port in Guangxi Zhuang autonomous region. ZHOU HUA/XINHUA South China’s Guangxi Zhuang autonomous region has largely fulfilled its goals in building the New International Land-Sea Trade Corridor, as the 10 millionth container was smoothly hoisted at Beibu Gulf Port in Qinzhou on Tuesday. This milestone marks a significant step in…
Mexican multinational food company Grupo Bimbo is doubling down on its long-term commitment to China, citing the country’s vast consumer base, improving domestic demand and clear policy direction as key drivers for sustained investment and expansion. “We are full of confidence in the long-term potential of China’s consumer market,” said Kelly Zhang, general manager of…
An aerial drone photo taken on Nov 21, 2025 shows a view of the Yangpu International Container Port in Yangpu Economic Development Zone, South China’s Hainan province. [Photo/Xinhua] China will apply provisional import tariff rates lower than the most-favored-nation rates on 935 items starting on Jan 1, a move market observers and company executives said…
A beach in the Philippines.[Photo by Xu Lin/China Daily] Leading online travel agency Trip.com Group recently unveiled the 2025 Southeast Asia Inbound and Outbound Tourism… Read More »Surge in Southeast Asian tourism to China
