Despite the challenges and difficulties ahead, China still enjoys favorable conditions and factors to sustain steady growth, Lou Qinjian, spokesman for the third session of the 14th National People’s Congress, said at a news conference on Tuesday. He expressed optimism and confidence about China’s economic prospects, saying “the underlying trend of long-term growth and the…
The essence of China-US economic and trade relations is mutual benefit and win-win cooperation, said Lou Qinjian, spokesman for the third session of the 14th National People’s Congress, at a news conference in Beijing on Tuesday. Since the establishment of diplomatic ties 46 years ago, bilateral trade between the China and the US has grown…
Zhuyeqing Tea, a major green tea maker in Southwest China’s Sichuan province, said the nation’s tea consumption market is undergoing significant changes, and it will further strengthen cooperation with e-commerce platforms to meet growing demand from young consumers. In addition to drinking milk tea and fruit tea, young Chinese consumers have been more interested in…
HONG KONG — The Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement Agreement on Trade in Services (agreement II) was implemented on Saturday, allowing Hong Kong to accelerate its integration into the overall national development. The agreement II further opens up the services market of the Chinese mainland to…
[Photo provided to chinadaily.com.cn] The emergence of DeepSeek has ignited a new wave of artificial intelligence (AI) enthusiasm worldwide, with AI rapidly integrated into industries such as smart manufacturing, financial risk control and intelligent transportation. These advances are creating new industry models and opening up significant economic growth opportunities. However, the surging demand for AI…
A Mixue mascot strikes a gong during the company’s listing ceremony at the Hong Kong bourse on Monday. LAM YIK/REUTERS Mixue Group, Chinese mainland’s largest fresh drinks producer by retail market share, made a strong debut on the Hong Kong stock exchange, opening 29 percent above its initial public offering price at HK$262 ($33.59) per share.…
Employees work on a production line of NEV maker BYD in Xi’an, Shaanxi province. [YUAN JINGZHI/FOR CHINA DAILY] China’s emphasis on cultivating new quality productive forces through scientific and technological innovation, reiterated by President Xi Jinping, will drive industrial upgrades, give strong impetus to high-quality economic growth and enhance the country’s core competitiveness globally amid…
The start of operations at the world’s largest single-site olefin plant in China, a testament to the rapid growth of the country’s industrial capacity, is expected to further bolster the nation’s self-sufficiency in key chemical products, said industry experts. Located in Ordos of North China’s Inner Mongolia autonomous region, the Baofeng olefin project officially began…
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd facility at the Port of Los Angeles in Wilmington, California, February 4, 2025. [Photo/Agencies] China firmly opposes the United States’ latest threat to impose an additional 10 percent tariff on Chinese imports next week, vowing to take necessary…
Shanghai recently announced comprehensive measures to cement its position as a global business hub, offering substantial incentives for multinational corporations to establish and expand their regional headquarters in the city. The announcement comes as Shanghai continues to demonstrate strong momentum in attracting foreign investment. “Altogether 60 regional headquarters of multinational corporations and 30 foreign-funded research…