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Shanghai aims high for debut economy

As brands plan to stage first launches, open first stores, and debut exhibitions and shows in Shanghai in the coming days, the metropolis is set to further consolidate its leading position in China’s debut economy. Brands from home and abroad, including French luxury fashion Maison Margiela, Swiss luxury watch brand Tag Heuer, and Chinese trademarks…

China’s nuclear energy industry progressing rapidly, expert says

China’s nuclear power industry has entered a “fast track” of high-quality development, with its total scale of units in operation, under construction, and approved for development continuing to rank first in the world, the Chinese Nuclear Society announced on Wednesday. By the end of 2025, China reached a total of 112 nuclear power units —…

‘China makes us better,’ says VW Group CEO

Volkswagen Group CEO Oliver Blume speaks at the company’s media night in Beijing on April 21, 2026. [Photo provided to chinadaily.com.cn] Volkswagen Group unveiled a new wave of electric and intelligent vehicles alongside an artificial intelligence roadmap at its media night on Tuesday, underscoring China’s central role in the German automaker’s global transformation. The showcase…

Why Hurun Report founder visits Jiangsu so often

Rupert Hoogewerf, founder and chief researcher of Hurun Report, hailed the development of Yangzhou city and Jiangsu province during an interview on the sideline of the opening ceremony of an investment promotion event in Yangzhou. Explaining why he traveled about 10 times over the last few years to Yangzhou, a city of 4.6 million population…

Hunan rice farm takes smart option

Unmanned rotary tillers work with agricultural drones on tillage and fertilization at a smart farm in Changsha, Central China’s Hunan province, in April of 2026. [Photo/Xinhua] Spring rice production is in full swing at a smart farm in a village in Wangcheng district, Changsha, Hunan province. In recent years, the district has developed its rice…

X Square Robot raises series B financing

X Square Robot founder and CEO Wang Qian gives a presentation at the company’s event held in Beijing on April 21. (Photo provided to chinadaily.com.cn) X Square Robot, a general-purpose embodied intelligence startup, said on Tuesday that it had completed a Series B funding led by Xiaomi’s strategic investment arm. Its earlier investors include Chinese…

Secondhand luxury goods sellers tap overseas markets

Customers select items at a secondhand luxury goods shop in Wuhan, Hubei province, in January. MIAO JIAN/YI TIAN/FOR CHINA DAILY Sarah Johnson, a schoolteacher from Los Angeles, the United States, thought the $1,290 retail price of a Louis Vuitton bag was too much for her on a teacher’s salary. In September 2024, she found a…