Workers match up cells at the production line of Chongqing Haichen Energy Storage Technology Co Ltd in Chongqing on Sept 27. [Photo/Xinhua] China’s energy storage industry is set to experience significant growth through 2027, fueled by a combination of growing market demand and supportive government policies, according to industry experts and company executives. The country’s…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] Despite the aggressive “reciprocal tariff” policy announced by the White House, senior economists believe that China’s strong domestic consumption potential and its people-centric investment strategies are well-positioned to offset the risks posed by these tariff hikes. “While the Chinese economy faces challenges, the…
A BYD worker inspects a Song Pro new energy vehicle at a production line in its factory in Zhengzhou, Henan province, on April 4, 2024. [Photo/Xinhua] Advancements in new energy vehicles and intelligent driving technologies are boosting vehicle performance in the auto industry, yet persistent concerns underscore the need for a higher standard evaluation system…
Potential homebuyers look at a property model in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE This year’s Government Work Report, for the first time, proposed stabilizing the real estate market, showcasing China’s strong focus on the critical sector. Given its substantial influence and associated risks, a healthier property industry will play a vital role in…
People learn about a bionic humanoid robot at the Zhongguancun International Innovation Center during the 2025 Zhongguancun Forum Annual Conference in Beijing, capital of China, Mar 27, 2025. [Photo/Xinhua] BEIJING – The recently released 2024 annual reports of China’s listed banks highlight the diverse dynamics of China’s economic development, as banks, serving as the primary…
The logo of US pharmaceutical company Pfizer at the 7th China International Import Expo in Shanghai, on Nov 7, 2024. [Photo/VCG] BEIJING – US pharmaceutical giant Pfizer’s new research and development (R&D) center officially opened at BioPark in the Beijing Economic-Technological Development Area (BDA) on Saturday. As the company’s third R&D center in China, the…
Avatr Chief Design Officer Nader Faghihzadeh explains the details of the limited 012 co-created with former Dior and Fendi artistic director Kim Jones on March 25, 2025. [Photo provided to chinadaily.com.cn] Chinese carmakers have long dreamed of building globally recognized premium brands, and now the goal is within reach as their cutting-edge EVs are captivating…
A worker prefabricates steel for Bohai Oilfield platform at an intelligent manufacturing base in Tianjin, North China, March 30, 2025. [Photo/Xinhua] BEIJING – China’s manufacturing sector has seen growing innovation capabilities, according to an industrial index released by the China Center for Information Industry Development. A report by the center, which is affiliated to China’s…
Nanjing, Jiangsu province, recently eased restrictions on property sales, which experts and market insiders said will help unleash local demand for housing purchases. The city government said on Monday that commercial residential properties can be traded with real estate ownership certificates, removing the restriction on property sales that required a minimum three-year holding period for…
A technician inspects the operation of an integrated computing center in Hami. [Photo provided to China Daily] China’s rapidly expanding computing infrastructure is emerging as a significant new source of power demand, challenging the nation’s grid and accelerating the need for flexible energy regulation capabilities, industry experts said. While China pushes forward with its ambitious…