Employees work at a milk tea shop in Huzhou, Zhejiang province, on Aug 7. YI FAN/FOR CHINA DAILY With the concept of “the first cup of milk tea in autumn” going viral, fresh tea brands are seizing the business opportunity that this seasonal phenomenon presents. Liqiu, or “Start of Autumn”, the 13th solar term in the…
A worker handles products at the Shu Brocade Workshop of the Chengdu Shu Brocade Research Institute, a private enterprise in Chengdu, Sichuan province, on July 3. LI XIANGYU / FOR CHINA DAILY China reported positive signs in terms of both consumer and producer prices last month, as government policies to boost domestic demand continued to…
An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese technology heavyweight Baidu Inc is betting big on digital employees powered by artificial intelligence agents thanks to the rapid development of AI technology, and emergence of new algorithms, models and applications. Industry experts said as AI has been…
Intersport International Corp, a leading sporting goods retailer based in Switzerland, is weighing a production pivot toward China. The retailer sees an opportunity to tap China’s unrivaled supply chain efficiency at a time when rivals are shifting production to Southeast Asia and other developing-country markets. Intersport International’s new CEO, Tom Foley, told the Financial Times…
China registered 13.28 million new market entities in the first half, with private and foreign-invested firms maintaining steady momentum and cultural industries posting the fastest growth, the State Administration for Market Regulation said on Tuesday. Private enterprises took the spotlight, with 4.35 million new registrations, up 4.6 percent year-on-year. Foreign-invested firms also rose 4.1 percent…
China and the United States on Tuesday extended the pause on tariff hikes on each other’s goods for another 90 days, a move that market watchers and exporters said will help address trade frictions through dialogue and ease anxieties of businesses. They said the latest reciprocal move on tariffs is expected to stabilize bilateral trade…
Guests attending the 2025 World Artificial Intelligence Conference show avid interest in the artificial intelligence chips produced by MetaX, a Shanghai-based chip company, on July 29 at the event in Shanghai. SHI HUA / FOR CHINA DAILY Nvidia’s H20 artificial intelligence chip, designed specifically for the Chinese market in compliance with Washington’s export controls, is…
Craig Katerberg, chief legal and corporate affairs officer at Budweiser APAC, delivers a speech at an industry conference in Putian, Fujian province in early August 2025. [Photo provided to chinadaily.com.cn] Budweiser China, a subsidiary of Budweiser Brewing Co APAC Ltd, will continue to invest in China – one of its largest markets globally – as…
Geely Holding Group has finished its fourth satellite launch for the Geely Future Mobility Constellation in Rizhao, Shandong province. All 11 satellites launched have now entered their planned low-earth orbits and are functioning normally, said the Chinese conglomerate in a statement on Monday. With the latest launch, which was finished on Saturday, the number of…
A view of New Aga Khan Museum of Islamic & Contemporary Art, which with Chinese Architectural Designer Shen Tao as design lead, has been named a 2025 NY Architectural Design Awards Gold Award winner. [Photo provided to chinadaily.com.cn] As large-scale urban renewals worldwide grapple with balancing landmark ambitions and capital returns, a 55-billion-yuan ($7.74 billion)…