Since 2021, China’s share of total EU exports has remained below the 10% threshold, marking the end of a brief five-year stretch (2017–2021) when it ranked as a primary trade partner. In 2025, the share is projected to fall below 2012 levels. In macro-level trade analysis, countries accounting for over 10% of exports are typically…
BP’s electric vehicle (EV) charging brand, BP pulse, and Chinese electric vehicle maker Xpeng Inc recently launched their first jointly operated charging station in Guangzhou, marking the initial step in their strategic partnership announced in January. The Guangzhou station boasts an industry-leading configuration with 30 charging piles and 50 charging guns, including 480kW ultra-fast charging…
Yu Chengdong, chairman of Huawei’s device business group, unveils the company’s latest Pura 80 series smartphones. [Photo provided to chinadaily.com.cn] Huawei Technologies Co has launched its highly anticipated Pura 80 Series, the latest iteration of its premium flagship smartphone line focused on imaging prowess. The significant camera enhancements stand as the centerpiece of this release.…
BMW showcases its Neue Klasse X model at the Shanghai auto show in April 2025. [Photo by Li Fusheng/chinadaily.com.cn] German premium auto manufacturer BMW called for online integrity and responsibility at the 2025 China Internet Civilization Conference, as the first major foreign carmaker to participate in the event held in Hefei, Anhui province from Tuesday…
The headquarters of Ant Group in Beijing, March 4, 2025. [Photo/VCG] Ant Digital Technologies, the digital technology subsidiary of Chinese mainland fintech giant Ant Group, has commenced the application process for a stablecoin issuer license in Hong Kong. Bian Zhuoqun, vice-president of Ant Group and president of blockchain business at Ant Digital Technologies, said the company…
A robot operates equipment on the assembly line of an automaker in Xi’an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY China’s top industry regulator voiced support on Thursday for domestic automakers’ commitments to shorten payment terms for suppliers. The move is believed to have great significance in curbing destructive cutthroat competition and promoting the healthy development…
NEW YORK — The United States may extend a self-defined deadline for the government to land trade deals with a big number of trading partners, President Donald Trump said on Wednesday. Trump voiced willingness to extend the deadline of July 8 in a bid to reach trade deals with its main trading partners. But he…
Dongguan in South China’s Guangdong province is a busy port on the Pearl River. [Photo provided to chinadaily.com.cn] The Association of Southeast Asian Nations, Hong Kong, and the European Union became the top three trade partners of Guangdong in the year’s first five months, with their growth rate faster than the province’s overall export and…
Ant International, the overseas arm of Chinese mainland financial technology giant Ant Group, said on Thursday that it will apply for the issuer license of fiat-referenced stablecoins in Hong Kong when the city’s Stablecoins Ordinance comes into effect on Aug 1. “Ant International is accelerating investments and expanding banking partnerships in global treasury innovations, to…
TIANJIN — Chinese seaport cities saw the added value of their port economy hit 6.7 trillion yuan (about $933 billion) in 2024, up 360.6 billion yuan over the previous year, according to a report released by an institute under the Ministry of Transport on Thursday. The report, compiled by the planning and research institute under…