Shenyang, Liaoning province, has provided a sound environment for foreign investment and foreign firms are confident about the city’s prospects, said Jan Block, senior manager at aerospace and automotive firm Otto Fuchs Technology (Shenyang) Co Ltd, during a recent cooperation event in Munich, Germany. With his company having been in Shenyang for years, Block said…
Visitors observe a WeRide robobus at the second Global Digital Trade Expo in Hangzhou, Zhejiang province, on Nov 23. LONG WEI/FOR CHINA DAILY HANGZHOU — The third Global Digital Trade Expo, scheduled from Sept 25 to 29 in Hangzhou, capital of East China’s Zhejiang province, will be powered entirely by green electricity. The expo venue,…
A consumer (right) learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY China’s latest efforts to promote trade-ins of home appliances will further stimulate consumer spending appetites, bolster consumption recovery and inject strong momentum into the country’s economic growth, experts said. They called for establishing mechanisms and…
The United States’ latest move to raise tariffs on certain Chinese products threatens the stability of global supply chains and will ultimately pass the burden onto its consumers, market watchers and corporate executives said on Sunday. The Office of the US Trade Representative announced on Friday that it has finalized tariff hikes on selected Chinese…
Neta employees celebrate as the startup’s 400,000th vehicle rolls off the assembly line in Zhejiang province in March 2024. [Photo provided to chinadaily.com.cn] Chinese new energy vehicle startup Neta has signed agreements with a Mexican bank, EV association and several dealership partners, signaling that the automaker is ready to enter the Mexican market, CEO Zhang…
An aerial view of Tangshan Port, Hebei province in December 2023. [Photo / Xinhua] China will implement a zero-tariff policy on 100 percent of products originating from the least developed countries with which it has diplomatic ties, effective from Dec 1, said the Customs Tariff Commission of the State Council in an online notice on…
Aerial photo taken on July 8, 2021 shows the Qairhan Salt Lake in Northwest China’s Qinghai province. [Photo/Xinhua] The joint venture agreement between China Minmetals Corp and Qinghai province to tap major salt lake resources marks a critical step in advancing China’s lithium resource development, particularly in response to global battery industry demand, said industry…
China’s advertising market has entered a critical year in its development. As well as functional consumer products related to health, wellness, and efficient cleaning have performed well, a new report found. In the first seven months of this year, the overall advertising expenditure in the country edged up 2.8 percent year-on-year, according to domestic market…
During the 24th CIFIT, Soeren Bindesboell, consul general of Denmark in Guangzhou, highlighted Denmark’s longstanding investments in China, with major companies rooted there for centuries. He anticipated a shift in the pace of future investment, reflecting China’s evolving landscape compared to its earlier opening-up phase, and said that collaboration extends beyond businesses to include authorities,…
At the 24th China International Fair for Investment and Trade (CIFIT) in Xiamen, East China’s Fujian province, the bionic companion robotic pets are on show, which developed by Elephant Robotics in Shenzhen, China. They feature the appearance and tactile sensations remarkably similar to real pets. With user-friendly controls, intuitive touches and voice interactions, they aim…