FedEx employees unload cargo from an aircraft at Guangzhou Baiyun International Airport in Guangdong province in March. CHINA DAILY FedEx Corp plans to further expand its presence in China as the United States-based express transportation service provider aims to fortify supply chains and boost investment in response to China’s pivotal role in the global economy, the…
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Investor sentiment worsened after US President Donald Trump announced that the United States would implement “reciprocal tariffs” on imports from multiple countries, sparking concerns over a potential economic downturn for not only the US but other economies too. Government leaders of Japan, the Republic of Korea and Australia have called for responsive measures while analysts…
The nation’s first full-link integrated test on large-scale vehicle-to-grid interaction kicks off in Shanghai on March 31. [Photo provided to chinadaily.com.cn] The nation’s first full-link integrated test on large-scale vehicle-to-grid (V2G) interaction was kicked off in Shanghai on March 31, according to the State Grid Shanghai Municipal Electric Power Co. Shanghai was among the first…
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Mercedes-Benz showcases the CAL concept car at the Beijing Auto Show in April 2024. WANG YUTONG/FOR CHINA DAILY Global automotive executives have reaffirmed their commitment to China through sustained investments, underscoring the nation’s role as a hub for technological innovation and industrial progress. Just like other European automotive companies, Mercedes-Benz has been among the biggest foreign…
A person uses DeepSeek app on a mobile phone on Feb 17, 2025. [Photo/Xinhua] Chinese AI company DeepSeek has overtaken OpenAI’s ChatGPT in monthly website visits, becoming the fastest-growing AI tool globally, according to analytics platform aitools.xyz. DeepSeek recorded 525 million visits in February, surpassing ChatGPT’s 500 million, the report said. Three months after the…
Workers match up cells at the production line of Chongqing Haichen Energy Storage Technology Co Ltd in Chongqing on Sept 27. [Photo/Xinhua] China’s energy storage industry is set to experience significant growth through 2027, fueled by a combination of growing market demand and supportive government policies, according to industry experts and company executives. The country’s…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] Despite the aggressive “reciprocal tariff” policy announced by the White House, senior economists believe that China’s strong domestic consumption potential and its people-centric investment strategies are well-positioned to offset the risks posed by these tariff hikes. “While the Chinese economy faces challenges, the…