China’s total nonfinancial outbound direct investment rose 2.3 percent year-on-year to $61.6 billion in the first five months, underscoring the nation’s sustained efforts to deepen international cooperation, said the Ministry of Commerce on Thursday. In the meantime, the country’s nonfinancial ODI in countries and regions involved in the Belt and Road Initiative reached $15.52 billion,…
BEIJING — Chinese tech firm Xiaomi unveiled its first electric SUV, the YU7, and its first AI-powered smart glasses at a product launch in Beijing on Thursday evening. Priced starting at 253,500 yuan ($35,400), the YU7 SUV is available in three configurations with nine color options, with the base model offering a range of 835…
In a decade of global uncertainty, Asian Infrastructure Investment Bank has stayed true to multilateralism for sustainable development since its founding in 2015. At the 10th Annual Meeting of the Board of Governors of the AIIB, more than 3,500 representatives from nearly 100 countries and regions gathered to mark a decade of progress. Watch the…
A woman takes selfie with art toys in a new Pop Mart offline store in Bangkok, Thailand, July 5, 2024. [Photo/Xinhua] Investor interest is shifting toward emerging consumer trends, such as trendy IP-driven toys, the booming pet economy, and a rise of guochao gold jewelry and innovative tea brands, which are expected to become the…
An Airbus A350 aircraft without livery is pictured in North China’s Tianjin municipality, Feb 11, 2025. [Photo/Xinhua] European aircraft manufacturer Airbus said it would continue strengthening cooperation with Chinese industry players after operating in China — its largest single-country market — for 40 years, and will keep working to further facilitate the country’s supply chain…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] China firmly opposes any country entering into trade agreements with the United States that undermine Chinese interests in exchange for so-called tariff relief, the Ministry of Commerce said over the weekend. If such a situation arises, China will not accept it and will…
Premier Li Qiang interacts with guests on Thursday at the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank in Beijing. Li addressed the opening ceremony of the meeting on the same day. WANG ZHUANGFEI/CHINA DAILY Premier Li Qiang said on Thursday that the Beijing-based Asian Infrastructure Investment Bank has…
People visit the 4th China-CEEC Expo & International Consumer Goods Fair in Ningbo, East China’s Zhejiang province, May 22, 2025. [Photo/Xinhua] China will continue to ramp up policy support to boost consumption and stabilize economic growth, officials and experts said in Beijing on Thursday. Amid a more complex and challenging external environment, China’s economy operated…
Logo of Bayer Group is pictured outside a plant. [Photo provided to China Daily] The pharmaceutical firm Bayer and Tsinghua University have agreed the sixth phase of a collaboration agreement as part of efforts to accelerate the translation of cutting-edge science into pharmaceutical innovation in China. The agreement aims to further facilitate the translation of…
The World AI Conference 2025, which will be held in Shanghai from July 26 to 28, will see its exhibition area hit a record high of 70,000 square meters, said the conference organizer during the WAIC’s 30-day countdown news conference held on Thursday. More than 800 companies will showcase over 3,000 frontier products and technologies,…