China placed fourth, rising two spots, in the 2026 Foreign Direct Investment Confidence Index released on Friday by Kearney — a United States-based management consulting firm — while retaining its top ranking among emerging markets for a third consecutive year. The United States, Canada, and Japan held the top three spots on the index. The…
A group of 18 communication satellites are launched into orbit in Wenchang, Hainan province late on Tuesday. LIU GUOXING/FOR CHINA DAILY China’s commercial aerospace sector is entering a phase of fast-track development in 2026, as the country launched 18 communication satellites from the Hainan International Commercial Aerospace Launch Center — a coastal spaceport in Wenchang,…
When 24-year-old Li Xinyue was scrolling through RedNote on a lazy weekend afternoon, a vintage-looking moisturizing cream stopped her thumb as she scrolled. The tin was flat, palm-sized and round, decorated with bold red, black and gold flower motifs that whispered old-world elegance. Curious, she clicked through the reviews, and later that day, discovered the…
Employees work on a motorcycle assembly line in Chongqing on April 1. HUANG WEI/XINHUA China’s motorcycle industry has reached a significant milestone, demonstrating its core strength to compete with leading global brands. This was vividly demonstrated recently when Chongqing-based motorcycle startup Zxmoto clinched a historic victory in the Portuguese leg of the 2026 FIM Supersport…
Despite multiple complexities and uncertainties facing the global market amid rising geopolitical tensions, trade ties between China and Europe are being further strengthened, pointing to more room for growth for multinational banks, Ignacio Gutierrez-Orrantia, CEO of Citibank Europe Plc, said in an interview during his weeklong visit to China in March. Bringing together the bank’s…
An engineer works in a server room in Gui’an New Area, Guizhou province, in August 2024. LIU XU/XINHUA BEIJING — China is soliciting public opinions on drafts of 22 national standards covering data fundamental vocabulary, the National Technical Committee 609 on Data of Standardization Administration of China said on Wednesday. The move is part of…
The renminbi, or the yuan, has strengthened to a three-year high against the US dollar, underscoring the rising appeal of RMB-denominated assets as global investors seek stability amid geopolitical tensions and energy-related uncertainties, analysts said. The central parity rate of the yuan strengthened to 6.8649 against the greenback on Wednesday, strengthening by 31 basis points…
A view of the booth of Fonterra during an expo in Shanghai. CHINA DAILY Fonterra Co-operative Group Ltd, the world’s largest dairy exporter, is banking on rising dairy consumption in China, fueled by product innovation, expanding access in lower-tier cities and surging demand from the country’s fast-evolving foodservice sector, according to a top executive. Teh-han…
China has enacted its first comprehensive regulation dedicated to safeguarding its industrial and supply chain security, a legal milestone that analysts say will help counter external technological containment efforts and shape a more resilient economic environment. The new regulation is not about decoupling, they added, but rather a well-calibrated response to global supply chain disruptions…
China has enacted its first comprehensive regulation dedicated to safeguarding its industrial and supply chain security, a legal milestone that analysts say will help counter external technological containment efforts and shape a more resilient economic environment. The new regulation is not about decoupling, they added, but rather a well-calibrated response to global supply chain disruptions…