Sany Group broke ground on its Southern Africa Headquarters Development Project in Johannesburg as its latest effort to strengthen cooperation and trade ties with South Africa.[Photo provided to chinadaily.com.cn] BEIJING – China’s construction machinery operation rate climbed to 37.38 percent in the first two months of 2025, up 2.91 percentage points year-on-year, according to a…
A photo of the production line in the Luxshare automotive electronics industrial park, Fuyang, Anhui province, Aug 12, 2024. [Photo/VCG] Eyeing the huge market potential brought by the rapid growth of intelligent connected vehicles, a major Chinese electronics manufacturer is accelerating its expansion in the global automotive components sector to get ahead of the curve.…
A clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] China will employ a package of targeted measures to further address local government debt this year, with a particular focus on accelerating the debt swap program, reforming local government financing vehicles and curbing the accumulation of new hidden debt, officials and analysts…
Harbin Ice-Snow World, the world’s largest ice-and-snow theme park, officially closed its 26th edition on the evening of Feb 26 in the city of Harbin, Heilongjiang province.[Photo/Xinhua] HARBIN – The market size of the ice and snow economy in Heilongjiang province, Northeast China, reached 266.17 billion yuan ($37.1 billion) in 2024, of which the output…
Zhongwei in Northwest China’s Ningxia Hui autonomous region will step up efforts to establish a big data industry center and build itself into a hub for the nation’s computing power sector, as part of a broader push to bolster the development of the digital economy, said its mayor Ma Honghai. Ma Honghai Ma, a deputy…
From left to right: Xu Xin, chairman of GE Energy Investment (China) Co Ltd; Tetsuro Homma, executive vice-president of Panasonic; Malu Nachreiner, head of the Region Asia for the Crop Science Division of Bayer; Zhuang Ye, VP of Baker Hughes North Asia GeoZone. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as China concludes its…
A view of the booth of Bank of China during an expo in Fuzhou, Fujian province. CHEN BIN/FOR CHINA DAILY BEIJING — Bank of China will step up financial support to bolster high-quality development of private enterprises and facilitate their overseas expansion, as the private sector serves as a key engine driving China’s economic development. The…
Volunteers celebrate the Chongyang (Double Ninth) Festival at a community in Luoyang, Henan province, on Oct 10.The Chongyang Festival is dedicated to paying respect for the elderly. HUANG ZHENGWEI/FOR CHINA DAILY When a 78-year-old quantum physics professor goes viral “dissecting “Schroedinger’s cat on short-video platform Douyin, when silver-haired models from Hangzhou, Zhejiang province, strut defiantly…
A visitor inspects SAIC’s MG Cyberster electric sports car at the Everything Electric show in Sydney on March 7. MA PING/XINHUA Chinese electric vehicle manufacturers are gearing up for accelerated growth in the Australian market, as Canberra ramps up regulatory measures to smooth the country’s transition to greener transportation. At the recent Everything Electric show…
Foreign investors’ renewed interest in the Chinese market is likely to surge this year, driven by intensified policy efforts to revive domestic consumption and an innovation boom rippling through the economy, executives and analysts said. Anticipating swift implementation of the recently announced monetary and fiscal stimulus measures, they said that additional policy support may be…