High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang/China Daily] All measures to boost consumption should be prioritized following certain principles, after dividing consumption into four components — total income, primary distribution, secondary distribution and propensity to consume — and analyzing the factors influencing each part. The…
Meituan’s autonomous logistic vehicles are working on the street. [Photo provided to chinadaiy.com.cn] The latest report on functional autonomous vehicles in Shenzhen, Guangdong province, showed double-digit growth in operational scale and commercial value, demonstrating strong market vitality and commercialization potential. The monthly report, made by the Shenzhen Intelligent and Connected Transportation Association, pointed out that…
China’s first carbon-neutral factory in the textile sector, located in East China’s Jiangsu province, has officially entered production and is on track to achieve full carbon neutrality by 2027, according to its operator. The smart spinning factory, operated by Jiangsu Dasheng Group Co Ltd, began production in late October. Founded in 1895 by renowned industrial…
The Fourth Plenum, setting the frame for the 2026–2030 Five-Year Plan, signals a security-first, substitution-heavy stance and says little about opening markets. That backdrop points to a fortress-surplus decade. Export growth is modest, about 3.1% per year, while friction abroad keeps building. Imports compress by default and by design, dropping 1.4% per year: weak domestic…
Vehicle quality in China’s internal combustion engine segment is deteriorating, as automakers struggle to balance accelerated electrification, cost pressures, and the rollout of advanced in-car technologies, according to the J.D. Power 2025 China Vehicle Dependability Study. Industry-wide, owners reported 197 problems per 100 vehicles over the past six months, up 7 points from 2024. Premium…
CAI MENG/CHINA DAILY China is stepping up efforts to stimulate household services consumption, seeing the sector not only as a key lever for near-term growth, but also as a long-term strategy to upgrade the economic structure and meet people’s ever-growing need for improved living conditions. Boosting services consumption is about more than just spending. It…
Builders from China Railway No 4 Engineering Group divert a linking section of Hefei-Anqing High-Speed Railway on Oct 24 into Hefei Railway Station in Anhui province by using innovative techniques to better boost the transport of passengers. [Photo provided to chinadaily.com.cn] Chinese railway builders are intensifying innovations to make the country’s high-speed railways play a…
Swedish truck maker Scania’s establishment of a new global manufacturing facility in China is a “given” to beat its troubled production bottleneck, as the country is “the right place to build heavy duty commercial vehicles of the highest standards”, its top executive said. Christian Levin, president and CEO of Scania, made the remarks during an…
A visitor walks past the China Mobile booth during the Mobile World Congress in Barcelona, Spain, in February 2024. GAO JING/XINHUA BEIJING — It is not easy to stand out as an innovator in China, a country with more than 5 million patents a year, and earning a gold award in this talent-dense pool is…
Kong Fu’an, executive deputy director of the CBD’s administrative committee, presents Hongqiao’s investment opportunities to a global audience. [Photo provided to chinadaily.com.cn] The Shanghai Hongqiao International Central Business District (CBD), a key gateway for China’s global trade and a center for the Yangtze River Delta region, is opening its doors wider to investors and entrepreneurs.…