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China records steady growth in private, foreign-invested firms in H1

BEIJING – Private and foreign-invested enterprises saw steady expansion in China in the first half of the year, official data showed Tuesday, indicating improving market expectations as well as the country’s appeal as a global investment hub. Some 4.35 million new private enterprises were established in the first six months, up 4.6 percent year-on-year, according…

Hualong One nuclear tech gains ground

Construction of the No 1 reactor at the Jinqimen nuclear power plant in Ningbo, Zhejiang province, began on Sunday with the pouring of concrete for the nuclear island, marking a significant step forward for China’s Hualong One nuclear technology, said its operator China National Nuclear Corp. The Jinqimen No 1 reactor, designed for a 60-year…

China dominates global EV market

China continues to be the world’s leading electric vehicle manufacturing hub with diverse export markets, according to the Global EV Outlook 2025 released by the International Energy Agency. Last year, China remained the largest player in fast charging deployment, accounting for 80 percent of the global growth. Tanks to chinadaily.com.cn Please visit: Our Sponsor

Wumart, Aldi, HotMaxx, Guanpark join discount frenzy

Consumers check out products at an Aldi supermarket in Suzhou, Jiangsu province, on July 14. GUAN YUNAN/FOR CHINA DAILY Beijing-based retailer Wumart Group recently unveiled its new hard discount supermarket format — Wumart X Super Value — with six stores opening simultaneously across the capital, aiming to attract consumers seeking low prices and high-frequency essentials…

Robot manufacturers shift focus to greater intelligence

Robots boxing in a ring at the 2025 World Robot Conference in Beijing on Aug 8. ZOU HONG/CHINA DAILY BEIJING — Robots that are not only able to run, dance and play soccer, but also sort parts on an assembly line, try their luck at a game of mahjong and even tickle the ivory were…

Loan subsidies set to boost consumption

Shoppers buy vegetables at a supermarket in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY China has unveiled a policy granting interest subsidies for consumer loans for a year, in a bid to cut household borrowing costs, stimulate spending, and accelerate economic growth by aligning fiscal and monetary measures. Vice-Minister of Finance Liao Min said on…

Smart consumption takes off on policy push

Visitors film a fireworks show enhanced by visual and lighting technologies in Liuyang, Hunan province, on July 12. CHEN SIHAN/XINHUA BEIJING — At a bustling appliance store near Shanghai’s Zhongshan Park, sales staff enthusiastically demonstrated product features and calculated discounts. The summer shopping season has been in full swing. A local resident surnamed Yao was looking…

FAW-Audi charges ahead with German engineering, Chinese tech

FAW-Audi’s Q6L e-tron and A5L are launched in Hangzhou, Zhejiang province, on Aug 7, 2025. [Photo provided to chinadaily.com.cn] FAW-Audi is set to blaze a trail in China’s ultra-competitive luxury NEV market with its strategy of combining its century-old German engineering excellence with cutting-edge Chinese technological innovation. The strategy is well illustrated at the company’s…

Starbucks, Luckin brewing up success in China’s drinks market

Consumers wait for coffee at a Luckin Coffee store in Shanghai on May 31. CHINA DAILY Starbucks Corp posted solid third-quarter results in China, with revenue and same-store sales rising year-on-year and operating margin recording quarterly improvement, even as local rival Luckin Coffee Inc continues to expand at a breakneck speed. Starbucks’ revenue in China…