BEIJING – China’s industrial sector posted strong profit growth in the first quarter of 2026 as the government’s proactive macro policies helped cushion the impact of a complex economic environment and boosted momentum in high-end manufacturing, official data showed on Monday.Profits of China’s major industrial firms increased 15.5 percent year-on-year to reach 1.696 trillion yuan…
US technology company HP Inc is stepping up its investment and innovation efforts in China, betting on the country’s manufacturing strength, fast-evolving demand and growing role in global innovation to drive future growth, its senior executives said. “It’s an ever-dynamic market …which means it’s also an opportunity for us to evolve,” said Craig Bernero, senior…
Visitors view a vehicle from Shangjie, one of the brands in Huawei’s Harmony Intelligent Mobility Alliance, at Auto China 2026 in Beijing on April 24, 2026. [Photo by Wang Yuchen/chinadaily.com.cn] Global vehicle production and sales rose in 2025, with output reaching 96.4 million units and sales 99.8 million units, as Asia drove much of the…
Since the surge in artificial intelligence agents, particularly the maturity of coding agents, it became evident that the economic benefits of AI investment are currently limited, but that AI could have a significant impact on the traditional enterprise service sector and cause structural damage to employment. According to tech sector data portal The Information, when…
Swedish industrial giant Atlas Copco Group is getting ready for China’s next growth phase driven by the 15th Five-Year Plan (2026-30), with continuous dedication to improving energy efficiency and offering cleaner and more reliable energy alternatives in the fast-evolving Chinese market, said a senior executive of the company. Alain Lefranc, vice-president of Atlas Copco Greater…
China has prohibited the foreign acquisition of the Manus project and ordered the parties involved to unwind the deal, the office overseeing the country’s foreign investment security review mechanism said on Monday. The decision was issued by the office under the National Development and Reform Commission, which stated that it barred the investment in accordance…
Over 360 exhibitors are showcasing latest products at the 16th China International Road Traffic Safety Products Expo held from April 22 to 24, 2026. [Photo provided to chinadaily.com.cn] The 16th China International Road Traffic Safety Products Expo closed on Friday in Nanjing, capital of Jiangsu province, highlighting the growing role of AI and intelligent systems…
An aerial image shows a wind farm off the coast of Fujian province on Jan 13. LI SHANCHUAN/XINHUA China secured stable domestic oil and gas supply in the first quarter, effectively cushioning external shocks from global geopolitical tensions, including conflicts in the Middle East, according to authorities. Output of crude oil and natural gas from…
Resale prices for a Labubu-themed refrigerator have surged to nearly twice its retail price even before its official debut, as collectible toy maker Pop Mart pushes deeper into consumer categories to expand business scope. Listings on Chinese secondhand marketplace Xianyu show the limited-edition fridge priced as high as 10,000 yuan ($1,465), compared with an official…
BEIJING — The number of overseas visitors claiming China’s instant tax refund surged 12.96-fold within one year after the policy’s nationwide rollout, the State Administration of Taxation said Monday. During the same period, both the sales of tax refund-eligible goods and the total instant tax refunds jumped 9.35-fold year-on-year, official data showed. As an upgrade…