BEIJING — China unveiled an action plan on Wednesday detailing subsidy measures for purchasing new smartphones and other digital products, which covers products of both domestic and foreign brands. Under the plan, individual consumers purchasing smartphones, tablets, smartwatches or wristbands priced below 6,000 yuan (about $834.6) per item will receive a subsidy covering 15 percent…
Home appliance giant Midea Group set up a new industrial internet platform and a new brand for artificial intelligence-based home appliances on Oct 19, as part of the company’s plans to upgrade its business. The industrial internet platform will help Midea, based in South China’s Guangdong province, to become the country’s first independent industrial internet…
China, in response to domestic industry’s application, will launch probe into the United States mature process chip exports to China at low prices, pursuant to China’s laws and regulations, as well as the rules of the World Trade Organization, the Ministry of Commerce said on Thursday. Domestic players in China’s semiconductor industry have reported that…
Preliminary findings of China’s investigation into PVH Corp, a United States clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, showed that the company engaged in “improper” conduct related to Xinjiang Uyghur autonomous region, the Ministry of Commerce said on Thursday. The probe into PVH Corp under the unreliable entity list mechanism…
Shanghai is expected to invest 240 billion yuan ($32.74 billion) in major construction projects in 2025, according to the Shanghai Municipal Government Work Report delivered by Mayor Gong Zheng. He made the remarks during the third Session of the 16th Shanghai Municipal People’s Congress which opened on Jan 15 at the Shanghai Expo Center. The…
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China is sending a signal that it is committed to bringing the best goods and services from around the world by holding an expo dedicated to imports, according to a senior multinational executive. Rachel Duan, president and CEO of GE China, was speaking ahead of the China International Import Expo, which begins in Shanghai on…
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A visitor holds a stuffed snake toy in Shanghai on Jan 15, 2025. [Photo/VCG] Since China extended its visa-free policy to more countries, Shanghai has emerged as a top destination for some foreign tourists, especially visitors from South Korea and Thailand. Popular attractions for these tourists include iconic landmarks such as Yuyuan Garden, the Bund…