BEIJING – US tech giant Apple on Monday said it will invest 720 million yuan ($100.31 million) to launch a new clean energy fund in China. The investment fund seeks to add around 550,000 megawatt-hours of wind and solar energy generation capacity to China’s power grid annually, with this figure expected to increase as more…
BEIJING – China’s fiscal revenue dipped 1.6 percent year-on-year to nearly 4.39 trillion yuan ($611.59 billion) in the first two months of the year, according to data from the Ministry of Finance released on Monday. The central government collected nearly 1.95 trillion yuan in fiscal revenue, down 5.8 percent year-on-year, while local governments collected nearly…
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Saravoot Yoovidhya, CEO of TCP Group, delivers a speech at the 2025 China Development Forum, on March 24, 2025. [Photo provided to chinadaily.com.cn] Thailand’s TCP Group, the owner of the Red Bull brand, is increasing its investment in China, capitalizing on the country’s continued economic resilience and commitment to market reforms, CEO Saravoot Yoovidhya said…
High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang/China Daily] A total of 21 new projects were secured during the Shanghai Global Investment Promotion Conference 2025 held on Tuesday, marking the beginning of the week-long “Invest in Shanghai” series of business soliciting activities. The new projects covered…
Pingxiang city, which borders Vietnam under the prefecture-level city of Chongzuo in the Guangxi Zhuang autonomous region, will see the opening of high-speed railway services within this year, boosting passenger flow and border trade. Workers from the Eighth Engineering Co Ltd of China Railway No 4 Engineering Group Co Ltd (CREC4) complete laying tracks on…
BEIJING – Chinese Commerce Minister Wang Wentao on Monday met with Brian Sikes, president and CEO of Cargill in Beijing, according to a statement released by the Ministry of Commerce. During the meeting, the two sides exchanged views on topics including Cargill’s business development in China, as well as China-US economic and trade relations. Wang…
A truck loads containers at Tangshan Port, North China’s Hebei province. [Photo/Xinhua] BEIJING – The General Office of the State Council has issued guidelines aimed at further strengthening trade policy compliance with World Trade Organization (WTO) rules, amid the country’s greater efforts to push forward opening-up. Compliance assessment should be a necessary prerequisite of the…
A drone photo taken on March 21, 2025 shows a welding workshop of Audi FAW NEV Co Ltd in Changchun, Northeast China’s Jilin province. [Photo/Xinhua] CHANGCHUN – In the workshops of Audi’s first dedicated electric vehicle production base in China, entire steel plates are swiftly transformed into components by press machines, while robotic arms operate…
SHANGHAI – A Chinese shipbuilder on Monday delivered a liquefied natural gas (LNG) dual-fuel-powered, 8,600-Car-Equivalent-Unit (CEU) vehicle carrier vessel to its operator. The carrier vessel, Wenjingkou, was independently developed and designed by a Chinese research institute and measures 199.9 meters in length, 38 meters in width and 14.8 meters in depth. The vessel features 14…