[Photo/VCG] BEIJING – Since the start of 2025, China has distributed 1 billion yuan ($139.48 million) in subsidies to over 1.65 million consumers participating in its e-bike trade-in program, the Ministry of Commerce said on Wednesday. From Jan 1, 2025, to Tuesday this week, more than 1.66 million new e-bikes were sold under the trade-in…
Employees of Betta Pharmaceuticals work on a drug packaging line in Hangzhou, Zhejiang province. WANG GANG/CHINA NEWS SERVICE Chinese firms can accelerate clinical trials and bring their drugs to market faster with more supportive policies, challenging foreign monopolies and positioning themselves as leaders in global biopharma, said a national political adviser on the sidelines of…
Engineers train a humanoid robot to gather information at a robot factory in Shanghai on Feb 18. TANG YANJUN/CHINA NEWS SERVICE China’s unswerving support for the private sector will significantly boost confidence and expectations among entrepreneurs, and revitalize the growth of the world’s second-largest economy, while motivating private enterprises to play a bigger role in driving…
SAIC Volkswagen launches the Teramont Pro SUV in Hangzhou, Zhejiang province, on March 10. [Photo provided to chinadaily.com.cn] SAIC Volkswagen has launched the Teramont Pro SUV, featuring the Sino-German joint venture’s latest gasoline powertrain and intelligent cockpit technology. The model is sold under a fixed-price strategy, with prices ranging from 269,900 yuan ($37,047) to 319,900…
BEIJING – China has issued comprehensive guidelines to accelerate the high-quality development of its environmental protection equipment manufacturing sector, targeting global competitiveness in the green technology market. The document was released on Wednesday by the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, and the State Administration for Market Regulation. It…
The green power facilities in the Xinjiang Uygur autonomous region. [Photo provided to chinadaily.com.cn] BEIJING – China’s centrally-administered State-owned enterprises (SOEs) have intensified their investment efforts in Northwest China’s Xinjiang Uygur autonomous region to bolster regional development. According to a conference hosted by the Xinjiang regional government on Wednesday in Beijing, more than 40 central…
The DeepSeek logo is seen in this illustration taken Jan 27, 2025. [Photo/Agencies] Technology has been my beat for more than a decade now — part of my job as a business journalist is to keep a close eye on the latest trends and developments in China’s ever-changing high-tech sector. Chinese artificial intelligence startup DeepSeek…
This file photo shows the Shenzhen Stock Exchange in Shenzhen, South China’s Guangdong province. [Photo/Xinhua] While China is undergoing economic restructuring featured by the rapid development of new quality productive forces, the capital market will also be buoyed by emerging industries and technologies, said experts. While the US stock market tumbled for two consecutive days…
Chinese players in the electric vehicle field and related businesses are gearing up for a positive impact in the growing Australian market and beyond, with their presence keenly felt most recently in both the public and private sectors at a major industry event. At the Everything Electric show in Sydney, Chinese EV manufacturers took center…
In 2024, the EU exported iron and steel and related articles worth €77.8 billion and imported €73.1 billion, resulting in a trade surplus of €4.7 billion. Compared with 2019, there was a substantial increase in the trade of these products: exports rose by 15.2% (+€10.3 billion), and imports increased by 23.7% (+€14.0 billion). These monetary increases…