Emerging industries will continue to fuel momentum for China’s exports this year, as shipments of high-tech products such as electric vehicles and industrial robots are expected to gain greater traction overseas, said market watchers and exporters on Monday. They said Chinese companies are tailoring their products to meet the diverse needs of overseas markets, from…
BEIJING — China urges the United States to immediately rectify its wrongdoing and cease its unreasonable suppression of Chinese companies, a Ministry of Commerce spokesperson said on Monday. The spokesperson made the remarks in response to a media inquiry on the US Department of Commerce’s announcement of a new rule that expands its “entity-list” export…
Yu Chengdong, Huawei’s executive director and chairman of its terminal business group. [Photo provided to chinadaily.com.cn] Huawei Technologies Co has unveiled SAIC H5, the first vehicle under its newly established smart car brand co-developed with SAIC Motor. As the most budget-friendly model within Huawei’s Harmony Intelligent Driving Alliance, the H5 expands the alliance’s coverage across…
BEIJING — China will introduce a new policy-based financial instrument worth 500 billion yuan (about $70.3 billion), as part of the country’s efforts to improve financial services for the real economy and boost effective investment, a spokesperson for the National Development and Reform Commission (NDRC) said on Monday. The funds will be used to replenish…
BEIJING — Chinese authorities on Monday unveiled a plan to keep the country’s machinery industry growing steadily in 2025-2026. China expects the industry’s operating revenue to reach 10 trillion yuan (about $1.4 trillion) from 2025 to 2026, according to the plan jointly issued by the Ministry of Industry and Information Technology and five other government…
Ian Shih, president of Rockwell Automation (China) Ltd Rockwell Automation, a US-based industrial automation company, is banking on opportunities from China’s digital and green transition, as the future growth drivers of China’s economy will increasingly come from emerging industries such as green technology, smart manufacturing and the digital economy, a senior executive said. The keywords…
BEIJING — The Ministry of Industry and Information Technology announced on Monday that it has granted China Mobile a license to operate satellite mobile phone service. This means that the three major mobile phone service providers — China Mobile, China Telecom and China Unicom — are now all licensed to provide direct-to-cell satellite coverage for…
China is doubling down on consumer lending as a policy lever to stimulate spending, while simultaneously tightening safeguards to prevent the buildup of financial risks. The government’s recent rollout of fiscal subsidies for personal consumption loans reflects a push to ease borrowing costs and unlock household demand, but regulators and banks are also moving to…
Chen Liming, president of Horizon Robotics, speaks at a roundtable session at the World New Energy Vehicle Congress on Sept 28, 2025. [Photo provided to chinadaily.com.cn] AI technology is moving from supporting role to the very core of the automotive industry, ushering in the era of “AI-defined cars”, said Horizon Robotics President Chen Liming. “The…
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