It is an appropriate time to intensify investment in public services while stepping up central government support for real estate enterprises’ restructuring as China sharpens its commitment to bolstering domestic demand, said a national political adviser and senior economist. “Without expanding investment, it would be hard to overcome weak demand over the short term,” said…
Export-bound vehicles await shipment at Taicang Port, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Canada’s imposition of additional tariffs on Chinese goods has strained bilateral trade relations, and China reserves the right to respond decisively to any foreign tariff measures it perceives as discriminatory, experts and business associations said on Sunday. On Saturday, the Customs Tariff…
Senior officials attend a news conference on China’s economy at the third session of the 14th National People’s Congress in Beijing on Thursday. ZHANG WEI / CHINA DAILY China is putting a priority on fostering new quality productive forces and boosting technological innovation in its economic agenda for the year, as policymakers announced on Thursday…
China will work to effectively combine digital technologies with its manufacturing and market strengths under the AI Plus initiative, according to the 2025 Government Work Report. The country will support the extensive application of large-scale AI models and vigorously develop new-generation intelligent terminals and smart manufacturing equipment, including intelligent connected new-energy vehicles, AI-enabled phones and…
From left to right: Ma Jun, senior vice-president of Volvo Group, and president of Volvo (China) Investment Co Ltd; Yu Yongjian, TotalEnergies China country chair; Ian Shih, president of Rockwell Automation China; Hideki Ozawa, executive vice-president of Canon, and president & CEO of Canon China. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as…
This photo taken on Oct 17, 2024 shows new energy vehicle model SU7 produced by Chinese tech firm Xiaomi displayed during the 2024 World Intelligent Connected Vehicles Conference in Beijing, capital of China. [Photo/Xinhua] China should further accelerate the development and mass production of autonomous vehicles to create a robust ecosystem for the self-driving industry,…
Workers relocate a drilling rig at a coalbed methane well in Jinzhong, Shanxi province. Coalbed methane is a sustainable energy source, offering a cleaner alternative to mitigate greenhouse gas emissions. SHEN ZHIJUN/CHINA NEWS SERVICE Greater efforts are needed to develop coalbed methane (CBM) resources in China, among other unconventional natural gas forms, highlighting its potential to…
Two quality assurance workers inspect a car body at Audi and FAW’s NEV joint venture. [Photo provided to chinadaily.com.cn] The “digital-intelligent war” in China’s auto industry, spearheaded by domestic brands, is reaching a fever pitch, marking an epic transformation from “trading market for technology” to “setting global standards with technology”. Last year, new energy vehicles,…
“We are very excited about the opportunities in China. The policies that we see being implemented continue to encourage companies like us to invest and grow here, that’s something we are very keen to do,” Stu Sayers, president of Asia-Pacific and Latin America, Cochlear Ltd, an Australian company focusing on implantable hearing solutions, said in…
Potential homebuyers look at a property model in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE China’s policymakers have vowed to adopt a city-specific approach for fine-tuning or slashing restrictive measures in home purchases, and stem the downturn as well as restore stability in the real estate market. Officials and experts said this will better anchor market…