A view of the Huangpu River in Shanghai. [Photo/VCG] The latest business environment improvement action plan released in Shanghai on Wednesday will help the city better address market entities’ needs and inject more vitality into the city’s economic growth, said officials and market experts. Their comments were made on Wednesday when the Shanghai municipal government…
SHANGHAI/TOKYO — In a strategic move to bolster its presence in the world’s largest automotive market, Japanese automaker Toyota Motor Corp announced on Wednesday that it will construct a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai. The plant, located in Jinshan district in Southwest Shanghai, will develop a new battery electric vehicle under…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING — China’s Ministry of Commerce will extend anti-dumping duties levied on potato starch imported from the European Union (EU) for another five years, starting Thursday. If anti-dumping measures are terminated, the dumping of imported potato starch from…
A flying car on display during the Guangdong Provincial High-Quality Development Conference in Guangzhou, Guangdong province, on Wednesday. [CHEN JIMIN/CHINA NEWS SERVICE] Guangdong province in South China has indicated that it will spare no effort in developing the two major industries of artificial intelligence and robotics, establishing new pillars of high-tech, high growth and large-scale…
BEIJING — China’s annual trade in services exceeded $1 trillion for the first time last year, demonstrating significant potential for further growth. China’s services import and export value amounted to a record-high of 7.5 trillion yuan (about $1.05 trillion) in 2024, expanding 14.4 percent year-on-year, according to the latest data from the Ministry of Commerce…
The United States government’s latest move to eliminate a “de minimis” tariff exemption for small packages and low-value items imported from China will disrupt the normal international trade order, wreak havoc in the fast-growing cross-border e-commerce industry, and ultimately hurt the interests of US consumers, said experts and industry insiders on Wednesday. They added that…
Foreign tourists pose for a picture at the Forbidden City in Beijing on Dec 25. WANG XIN/FOR CHINA DAILY Throughout 2024, China steadily expanded its visa-free travel program, easing entry procedures for international visitors. The updated policy, which took effect on Nov 30, allows travelers from 38 countries, including 32 European nations, to stay in…
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Visitors inspect a Toyota Prado SUV at the 2024 Beijing auto show. [CAO YINGYING/CHINA DAILY] Japanese carmaker Toyota on Wednesday that it will build a wholly-owned subsidiary in Shanghai to develop and produce Lexus-branded electric vehicles and batteries. The subsidiary, which will be located in Shanghai’s Jinshan district, will start production in 2027, said Toyota…