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62 085 asylum applications in December 2024

jIn December 2024, 62 085 first-time asylum applicants (non-EU citizens) applied for international protection in EU countries, marking a 17% decrease compared with November 2024 (74 485) and a 20% decrease compared with December 2023 (77 750).  There were also 6 560 subsequent applicants, representing a 6% decrease compared with November 2024 (7 005) and…

VW, FAW plan massive NEV offensive

Ralf Brandstaetter, chairman and CEO of Volkswagen Group China, poses with Chen Bin, deputy general manager of FAW Group, at a signing ceremony in Germany in March 2025. [Photo provided to chinadaily.com.cn] German carmaker Volkswagen AG has inked a new deal with its long-time partner FAW to introduce a slew of new models developed exclusively…

Fair held to boost Thai and China friendship

Representatives from both Xiamen and Bangkok discussed cooperation plans to boost exchanges and bilateral trade between the two coastal cities Sunday in Bangkok. [Photo by Yang Wanli/for chinadaily.com.cn] To commemorate the 50th anniversary of the establishment of diplomatic relations between China and Thailand, the Xiamen Culture and Tourism Bureau launched business promotion fair in Bangkok…

CNOOC Limited brings on-stream two new projects

CNOOC Limited announced on Monday that the Caofeidian 6-4 oilfield comprehensive adjustment project and the Wenchang 19-1 oilfield phase II project have commenced production. The Caofeidian project is located in the western part of the Bohai Sea, with an average water depth of approximately 20 meters. The main production facility is a new production wellhead…

Shanghai business environment praised by Japanese companies

A booklet that brought together 58 Japanese business managers to share management experience, circling human resources, was released at a conference held by China International Intellectech Co Ltd in Shanghai on Friday. [Photo provided to chinadaily.com.cn] More than 320 senior managers and human resources executives from 200 Japanese companies gathered at a conference held by…

Summer of Discontent Turns to Spring of Tariffs and Trade Wars

AI generatedDrawing from Shakespeare’s Richard III, our August 26 issue, titled The Summer of Discontent, foresaw a global tariff conflict. On March 14, beneath the final full moon of the northern winter, spring arrived with a full-blown trade war.In response to new US tariffs affecting more than €18 billion of EU exports, the Commission is…

AITO sales to grow as lineup expands

The AITO M8 is scheduled to hit the market in April. [Photo provided to chinadaily.com.cn] AITO, a premium vehicle brand owned by Seres, is expected to see its sales surge as its lineup continues to expand. The newly unveiled AITO M5 Ultra, AITO M9 2025 Edition, and AITO M8 have all been made available for…

Fengxian mulls smart pivot in electric tricycles

A staff member of State Grid Xuzhou Power Supply Co (right) visits Keya Electromechanical Co Ltd in Fengxian county, Jiangsu province, on March 7, to help deal with power supply issues. YANG MENGJIE/FOR CHINA DAILY In Xuzhou, Jiangsu province, Fengxian county — the hometown of Liu Bang who founded the Western Han Dynasty (206 BC…

Sandwich giant Subway declares major expansion plan

Global sandwich giant Subway’s new store in Chengdu, Sichuan province, China in 2024. [Photo provided to chinadaily.com.cn] Global sandwich giant Subway has rolled out a comprehensive expansion strategy for the Chinese market, targeting 300 to 500 new stores annually over the next five to 10 years as part of its brand revitalization. The plan was…

PBOC signals measured path for monetary easing

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s central bank has signaled a measured approach to monetary easing this year, pledging to maintain ample liquidity to support economic recovery, according to a statement released on Thursday following a meeting held by the People’s Bank of…