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Young Chinese get creative ordering a Rolls-Royce

Invited guests view the new Rolls-Royce Phantom at an event in London, Britain. [Photo/Agencies] British luxury automaker Rolls-Royce is witnessing a shift in its Chinese customer base, marked by youthfulness, diversity and a demand for personalization, according to a company senior executive. Zhao Zhen, regional director of Greater China at Rolls-Royce, emphasized the brand’s deepening…

Reciprocal tariffs disguise US avarice

CAI MENG/CHINA DAILY The “reciprocal” tariff strategy is an iconic move by US President Donald Trump in his administration. According to Kevin Hassett, director of the US National Economic Council, trading partners of the United States are charging tariffs “two or three times the amount the US is charging” — which is apparently not true,…

Steps for boosting consumption unveiled

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. [Photo/VCG] China has fleshed out policy steps to shore up consumer spending, with a focus on increasing people’s income and expanding the consumer goods trade-in program, after the country…

European Statistical Monitor: March edition

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Annual increase in labour costs at 3.7% in euro area

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Annual inflation down to 2.3% in the euro area

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Electricity from renewable sources reaches 47% in 2024

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Intl entrepreneurs hail Shanghai’s business environment during Yangpu tour

A delegation of international business leaders and entrepreneurs tour Shanghai’s Yangpu district on March 18. [Photo by Zheng Zheng / chinadaily.com.cn] A delegation of international business leaders and entrepreneurs toured Shanghai’s Yangpu district on Tuesday, exploring business opportunities and gaining insights into the city’s development. Hosted by the Shanghai People’s Association for Friendship with Foreign…

China’s commitment to reform and opening up boosts investor confidence

The skyline of Beijing. [Photo/VCG] BEIJING – From the latest government work report to a series of policy measures introduced by top government bodies, China’s unwavering commitment to reform and opening up has created development opportunities and strengthened the confidence of foreign investors. China’s policy directions and support measures are both “clear” and “practical,” with…

Banking institutions in action to lift consumption

Visitors gather at the Ping An Bank booth during a trade fair in Guangzhou, Guangdong province. CHINA DAILY The nation’s banking institutions have a chance to respond to the policy directives aimed at boosting China’s consumer spending with loans and other retail credit solutions that can provide consumers with greater flexibility as the country recalibrates…