China’s central bank has unveiled a series of new measures to expand the Bond Connect program linking the country’s interbank bond market with global markets via Hong Kong, allowing more onshore institutional investors to participate — a major move designed to strengthen the special administrative region’s role as a global offshore renminbi hub. The measures…
Ecarx showcases cars featuring its technology on March 20 in Hangzhou, Zhejiang province. [Photo by Cao Yingying/chinadaily.com.cn] BEIJING — China’s auto production and sales logged double-digit increases in the first half of the year, a sign of vibrant domestic consumption in the world’s second-largest economy, data from the China Association of Automobile Manufacturers showed on…
After property’s traditional peak sales season in March and April, the momentum of China’s real estate market has been showing signs of weakening of late, raising the need for more forceful policy support to prop up sustainable recovery in the second half, analysts said. Amid changes in the supply-demand relationship in the sector, policymakers should…
Chinese mainland internet heavyweights have accelerated steps to apply for stablecoin licenses in Hong Kong as the city’s Stablecoins Ordinance will come into effect on Aug 1. This, industry experts said, is a significant step that will lower cross-border transaction costs and improve the efficiency of international payments. Christopher Hui, secretary for Financial Services and…
A vehicle is assembled on an automated production line in Beijing. ZHENG HUANSONG/XINHUA China’s future economic growth will be increasingly propelled by green technology, smart manufacturing and the digital economy, and the country has demonstrated immense potential for industrial transformation, said Norbert Meyring, head of industrial manufacturing and automotive sector at KPMG China. “China’s focus on…
Staff members operate at an assembly line of the north China base of FAW-Volkswagen in Tianjin, July 7, 2025. [Photo/Xinhua] Despite persistent global headwinds, recent economic data from China have demonstrated resilience in the first half of this year, coupled with a potential de-escalation of tensions between Beijing and Washington, prompting major foreign financial institutions…
Consumers check out services at a CAR Inc outlet in Xining, Qinghai province. SONG YU/FOR CHINA DAILY CAR Inc, one of China’s leading car rental companies, and Baidu Apollo, an open autonomous driving platform, jointly launched the world’s first self-driving car rental product for the public in Beijing on Tuesday. Users can book and experience the…
An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at a container terminal of Tianjin Port in North China’s Tianjin. [Photo/Xinhua] China’s safety net — woven from robust domestic consumption, upgraded supply chains, and responsive policy levers — ensures that Beijing is well positioned to withstand Washington’s ever-broadening trade war…
Visitors dressed in Tang Dynasty costumes sample Adopt a Cow’s new dairy products at the Hangzhou Wildlife World station on June 7. CHINA DAILY As scorching temperatures continue to grip much of China, the country’s ice cream market is heating up — not just in terms of sales, but also in competition, innovation and strategic…
Visitors gather at a Chi Forest beverage store in New York on April 10. CHINA DAILY In June, convenience stores in Indonesia welcomed a new product line — Chi Forest’s ice teas, with flavors such as white peach jasmine and grapefruit green tea. The beverage maker’s rapid rise in Southeast Asia underscores its broader globalization strategy,…