BEIJING — China’s State-owned and State-controlled enterprises saw their performance improve during the first eight months of 2025, official data showed on Monday. The combined operating revenue of these firms increased by 0.2 percent year-on-year to 53.96 trillion yuan ($7.59 trillion) during the period, improving compared to the January-July period, according to the Ministry of…
Elaine Chang, the new group general manager for Visa Greater China. [Photo provided to chinadaily.com.cn] Visa, a world leader in digital payments, announced on Monday that Elaine Chang has been appointed as group general manager for Visa Greater China. Chang succeeds Shirley Yu, who is retiring at the end of the year. Chang’s career spans…
A staff member (right) introduces credit card business for the elderly to a visitor during the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare Shanghai 2025 in Shanghai on June 11. CHINA DAILY China’s credit card sector is facing mounting headwinds, with outstanding balances, transaction volumes and profitability trending downward in the first half of…
Porsche debuts its next-generation China-exclusive in-car infotainment system at the 2025 World New Energy Vehicle Congress in Haikou, Hainan province, on Sept 28. [Photo provided to chinadaily.com.cn] German sports car maker Porsche debuted its future in-car infotainment system at the 2025 World New Energy Vehicle Congress in Haikou, Hainan province, on Sunday, reinforcing its “in…
An industrial robot on display at the 25th China International Industry Fair in Shanghai. GAO ERQIANG/CHINA DAILY China will support local regions in strengthening the deeper integration of the real economy with the digital economy and issue guidelines on the application scenarios of data elements to unleash their multiplier effect, nurturing new quality productive forces…
China highlighted advances in high-speed rail and industrial artificial intelligence on Sunday, as the nation’s major train manufacturer, CRRC Corporation Limited, marked a decade since its corporate restructuring. At a brand culture event held at the CRRC Qingdao Sifang Company in Qingdao, Shandong province, the company unveiled “Zhuolun”, a new AI large-model technology brand aimed…
A drone photo shows a view of the Qinzhou Port in Qinzhou, South China’s Guangxi Zhuang autonomous region, on Sept 16. ZHANG AILIN/XINHUA NANNING — Through the New International Land-Sea Trade Corridor, ASEAN products — from Vietnamese and Indonesian rubber, to Cambodian rice and Thai coconuts — are steadily making their way into China. Meanwhile, Chinese…
Image Generated by AI Accelerating the institutional opening-up of China’s capital market at a high level is the only path toward achieving high-quality development of the capital market. It is necessary to establish the notion that “post-border rules are more important than border opening”, benchmark against international high-standard rules, comprehensively identify institutional weaknesses in China’s…
The 2025 Suzhou Creek Forum takes place in Shanghai’s Putuo district on Sept 23. [Photo provided to chinadaily.com.cn] More than 200 experts, scholars, and members of the Shanghai political advisory body attended this year’s Suzhou Creek Forum — an annual event that focuses on the development and revitalization of the area surrounding the Suzhou Creek…
China is moving to ban hidden door handles to remove potential risks associated with the feature widely found in new energy vehicles and even some gasoline models. The Ministry of Industry and Information Technology published a draft mandatory national standard on Wednesday, which among other things requires all car doors except the tailgate to have…