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Freudenberg boosts China investment with new tech center in Wuxi

NOK-Freudenberg (China) Technology Center in Wuxi. [Photo provided to chinadaily.com.cn] German multinational Freudenberg Group is strengthening its commitment to the Chinese market through increased investment in local research, development and manufacturing capabilities. NOK-Freudenberg, a joint venture between Freudenberg and Japanese manufacturer NOK, opened its China Technology Center and new factory in Wuxi, Jiangsu province, late…

China sees strong financing momentum in May

China’s financing activity maintained steady momentum in May, signaling improved market confidence, official data showed on Friday. The country’s aggregate social financing — the total amount of financing to the real economy — stood at 18.63 trillion yuan ($2.59 trillion) in the first five months of the year, up by 3.83 trillion yuan from the…

Pilot programs to see speedy rollouts

Visitors check out Alibaba Cloud services during a high-tech conference in Hangzhou, Zhejiang province, in September. LONG WEI/FOR CHINA DAILY China will expedite pilot programs to further open up its services sector in key areas such as cloud computing, biotechnology and wholly foreign-owned hospitals, as part of broader efforts to create a more favorable environment…

Chinese ministry backs carmakers’ payment commitment to suppliers

A robot operates equipment on the assembly line of an automaker in Xi’an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY BEIJING — China’s Ministry of Industry and Information Technology (MIIT) on Thursday voiced support for a commitment made by multiple carmakers to cap the term of payment for their suppliers at 60 days, saying that the…

Beijing to open world’s first ‘4S store’ for embodied AI robots

A visitor (L) looks at a humanoid robot from UBTECH at the Beijng World of Robots in Beijing, capital of China, Feb 24, 2025. [Photo/Xinhua] BEIJING — China’s capital is set to launch the world’s first “4S store” dedicated to embodied artificial intelligence (AI) robots, marking the latest push to commercialize advanced robotics in the…

Surge in imports of agricultural products from Africa

An exhibitor arranges coffee products on show during a China-Africa trade expo in Changsha, Hunan province. ZHANG WEI/CHINA DAILY More African agricultural products such as Ethiopian coffee beans and Tanzanian cashew nuts have appeared on the dining tables of Chinese consumers, fueled by China’s preferential tariff policies and an increasing appetite for different specialties. Benefiting from…

New direct flights connect China with Kazakhstan

Air Astana, the national carrier of Kazakhstan, recently opened new direct routes from Almaty, the country’s capital, to major Chinese cities. The route from Guangzhou, capital of Guangdong province, to Almaty was opened earlier this year, becoming the airline’s fourth direct flight to the Chinese mainland, preceded by flights to Urumqi, Xinjiang Uygur autonomous region;…

Efforts urged to facilitate property market recovery

China will make greater efforts to anchor real estate market expectations and help the market to bottom out and recover, the State Council, the nation’s Cabinet, said on Friday. Chinese authorities have pledged to conduct a comprehensive survey of available land and ongoing real estate projects nationwide, according to a State Council executive meeting chaired…

China-Africa expo: Highlights that wowed visitors

From Chinese wines to orthodox black tea, from e-motorcycles to dazzling African diamonds — which exhibit would you choose? “(This) expo has been very good, exposing Chinese manufacturers to potential African buyers. But also, we’ve been able to showcase our products that can also enter the Chinese market,” said Julius Thairu, Chief commercial and customer…

Changan Automobile takes a bet on Europe

Changan Automobile, one of China’s leading automakers vying for a wider global footprint, is speeding up its push into the sizzling European market, deepening efforts to tap the growing demand abroad for cutting-edge new energy vehicles. [CHEN CHAO/CHINA NEWS SERVICE] Changan Automobile, one of China’s leading automakers vying for a wider global footprint, is speeding…