In May 2025, EU imports from China remained flat, while exports fell by a further 11%. As a result, its trade deficit widened to €27.4 billion, up 15% from €23.9 billion in May 2024. That amounts to more than $1 billion per day. It is with such numbers that the EU meets China at a…
Employees check equipment at Daqing Oilfield in Heilongjiang province in May 2024. JIANG NAN/FOR CHINA DAILY HARBIN — Daqing Oilfield, one of China’s largest energy production bases, reported rises in both crude oil and natural gas production in the first half of this year. The oilfield’s domestic crude oil output increased by 10,900 metric tons…
HANOI — China became Vietnam’s largest seafood export market in the first half of 2025, with exports reaching $1.1 billion, up 45 percent year-on-year, according to official data. According to statistics from Vietnam’s Ministry of Agriculture and Environment, Vietnam’s total seafood export revenue in the first six months of 2025 reached $5.16 billion, up 16.9…
A view of a digital factory’s automated workshop at an enterprise in Chongqing. WANG QUANCHAO/XINHUA Southwest China’s Chongqing municipality, with a solid foundation in the automotive industry, will hold the World Intelligent Vehicle Conference 2025 from July 30 to 31, further promoting the upgrading of new energy vehicles in the country. The conference is being organized…
NEW YORK — PepsiCo reported stronger-than-expected earnings and revenue for the second fiscal quarter Thursday, while signaling confidence in its full-year outlook as recent strategic shifts begin to take hold. Despite ongoing challenges in North America, the company expects a gradual recovery in demand, driven by product innovation, pricing strategy and international momentum, according to…
CAI MENG/CHINA DAILY The recent global momentum around stablecoin legislation has underscored the alternative currency’s growing influence in today’s international monetary and financial architecture. At the heart of this discussion lies a fundamental question: What exactly are stablecoins — and how should we understand their impact and relationship with sovereign currencies? For readers unfamiliar with…
Schoolchildren take a tour in Baidu robotaxis in Chongqing on June 1. CHEN SHICHUAN/FOR CHINA DAILY The global robotaxi market is poised for rapid growth as strategic alliances between major technology companies and automakers move forward, propelled by advancements in autonomous driving technology. Uber and Baidu plan to launch robotaxis on the ride-sharing platform in…
The web literature pavilion of the 2025 Beijing International Book Fair held on June 21 at the National Convention Center drew crowds of young Chinese readers to author signings. [Photo by Guo Yanqi/chinadaily.com.cn] BEIJING — The revenue of China’s online literature market totaled 49.55 billion yuan (about $6.9 billion) in 2024, which was a year-on-year…
How should China strengthen the resilience of its economy? In April, the Trump administration announced a surge in global tariffs, triggering strong responses from governments around the world and causing sharp turbulence in financial markets. Within three days of the announcement, global stock markets lost over $9.5 trillion in market capitalization, and volatility intensified significantly…
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