Skip to content

News

High hopes pinned on a low-flying economic revolution

Yang Yi, a member of the 14th National Committee of the Chinese People’s Political Consultative Conference, attends a group interview ahead of the second plenary meeting of the third session of the 14th CPPCC National Committee at the Great Hall of the People in Beijing, March 7, 2025. [Photo by Wang Jing/chinadaily.com.cn] The “low-altitude economy”,…

China’s foreign trade records steady performances in first two months

BEIJING – China’s foreign trade recorded steady performances in the first two months of 2025, with total goods trade volume reaching 6.54 trillion yuan ($912.07 billion), data from the General Administration of Customs showed on Friday. This represents a moderate decrease of 1.2 percent from a year earlier, the data showed. After excluding the impact…

Market diversification helps counter tariffs

Export-bound vehicles await shipment at Taicang Port, Jiangsu province. JI HAIXIN/FOR CHINA DAILY China’s policymakers vowed during the two sessions to bolster policies for stabilizing foreign trade and support enterprises in securing orders and exploring new markets as escalating tensions with the United States due to Washington’s tariff hikes dampen normal trade activity, analysts and executives…

Phonak launches AI-based hearing aid device

Phonak, a brand of Switzerland-based multinational hearing solutions provider Sonova, has launched a new family of hearing aid devices based on its innovative Infinio platform in China, aiming to help more people with hearing loss in the country. As understanding speech amid background noise remains the biggest challenge for people with hearing loss, the devices…

Innovation to bolster private enterprises

Highlighting the role of innovation as a catalyst for the advancement of the private economy, national political advisers have suggested that entrepreneurs actively integrate technology to drive cost efficiencies and operational enhancements, while also seeking out new avenues for growth. Additionally, favorable government policies are emphasized to streamline loan processes, addressing the challenges of costly…

Clean tech use surges in China

An employee works on a solar panel production line in Huaibei, Anhui province. LI XIN/FOR CHINA DAILY Clean-energy technologies made up more than 10 percent of China’s economy last year for the first time ever, with sales and investments worth 13.6 trillion yuan ($1.9 trillion), according to a think tank. These sectors grew three times as…

Washington urged to show right approach, readiness for dialogue

Commerce Minister Wang Wentao (center), China Securities Regulatory Commission Chairman Wu Qing (left) and National Development and Reform Commission Director Zheng Shanjie attend a news conference during the third session of the 14th National People’s Congress in Beijing on Thursday. ZHANG WEI/CHINA DAILY China is open to dialogue with the United States on an equal footing…

Private-sector tech companies to drive growth

Visitors shake hands with Unitree’s H1 robot during the 26th China Hi-Tech Fair in Shenzhen, Guangdong province, on Nov 14. CHINA DAILY Outside an unremarkable building in Hangzhou, Zhejiang province, a humanoid robot is doing something truly remarkable. The Unitree G1, standing at 1.2 meters tall and weighing 35 kilograms, takes a martial arts stance, shifts…

German companies stay bullish on China market

Logo of Bayer Group is pictured outside a plant. [Photo provided to China Daily] HANGZHOU – Ma Jishen was excited to see Bayer, the German healthcare and agribusiness giant, achieve the designed production capacity in just over a month at its new factory, where he serves as director. The Bayer Crop Science Hangzhou Production Site,…

National venture capital fund to drive innovation

China will establish a national venture capital guidance fund to bolster the development of innovative enterprises, the country’s top economic regulator said on Thursday, as the country looks to foster new quality productive forces and pursue innovation-driven growth. “In the near future, we will establish a national venture capital guidance fund, with the goal of…