BMW showcases its Neue Klasse X model at the Shanghai auto show in April 2025. [Photo by Li Fusheng/chinadaily.com.cn] German premium auto manufacturer BMW called for online integrity and responsibility at the 2025 China Internet Civilization Conference, as the first major foreign carmaker to participate in the event held in Hefei, Anhui province from Tuesday…
The headquarters of Ant Group in Beijing, March 4, 2025. [Photo/VCG] Ant Digital Technologies, the digital technology subsidiary of Chinese mainland fintech giant Ant Group, has commenced the application process for a stablecoin issuer license in Hong Kong. Bian Zhuoqun, vice-president of Ant Group and president of blockchain business at Ant Digital Technologies, said the company…
A robot operates equipment on the assembly line of an automaker in Xi’an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY China’s top industry regulator voiced support on Thursday for domestic automakers’ commitments to shorten payment terms for suppliers. The move is believed to have great significance in curbing destructive cutthroat competition and promoting the healthy development…
NEW YORK — The United States may extend a self-defined deadline for the government to land trade deals with a big number of trading partners, President Donald Trump said on Wednesday. Trump voiced willingness to extend the deadline of July 8 in a bid to reach trade deals with its main trading partners. But he…
Dongguan in South China’s Guangdong province is a busy port on the Pearl River. [Photo provided to chinadaily.com.cn] The Association of Southeast Asian Nations, Hong Kong, and the European Union became the top three trade partners of Guangdong in the year’s first five months, with their growth rate faster than the province’s overall export and…
Ant International, the overseas arm of Chinese mainland financial technology giant Ant Group, said on Thursday that it will apply for the issuer license of fiat-referenced stablecoins in Hong Kong when the city’s Stablecoins Ordinance comes into effect on Aug 1. “Ant International is accelerating investments and expanding banking partnerships in global treasury innovations, to…
TIANJIN — Chinese seaport cities saw the added value of their port economy hit 6.7 trillion yuan (about $933 billion) in 2024, up 360.6 billion yuan over the previous year, according to a report released by an institute under the Ministry of Transport on Thursday. The report, compiled by the planning and research institute under…
NOK-Freudenberg (China) Technology Center in Wuxi. [Photo provided to chinadaily.com.cn] German multinational Freudenberg Group is strengthening its commitment to the Chinese market through increased investment in local research, development and manufacturing capabilities. NOK-Freudenberg, a joint venture between Freudenberg and Japanese manufacturer NOK, opened its China Technology Center and new factory in Wuxi, Jiangsu province, late…
China’s financing activity maintained steady momentum in May, signaling improved market confidence, official data showed on Friday. The country’s aggregate social financing — the total amount of financing to the real economy — stood at 18.63 trillion yuan ($2.59 trillion) in the first five months of the year, up by 3.83 trillion yuan from the…
Visitors check out Alibaba Cloud services during a high-tech conference in Hangzhou, Zhejiang province, in September. LONG WEI/FOR CHINA DAILY China will expedite pilot programs to further open up its services sector in key areas such as cloud computing, biotechnology and wholly foreign-owned hospitals, as part of broader efforts to create a more favorable environment…