China’s non-financial outbound direct investment (ODI) surged 10.5 percent year-on-year to $143.85 billion in 2024, according to data from the Ministry of Commerce released on Sunday. China’s investment in the economies of the Association of Southeast Asian Nations grew by 12.6 percent on a yearly basis last year, primarily directed toward Singapore, Indonesia and Thailand,…
Photo taken on Jan 24, 2025 shows a container printed with the “China-Europe Express” in Wilhelmshaven, Germany. [Photo/Xinhua] WILHELMSHAVEN, Germany — The first container ship of the “China-Europe Express”, the fastest direct route connecting Europe and China’s Yangtze River Delta region, arrived at its destination at the Jade Weser Port in Wilhelmshaven on Friday. The…
An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. [Photo by Tan Kaixing/For China Daily] China Southern Power Grid, one of the country’s two major power grids, said its total electricity consumption across the five southern provinces of China exceeded 1.7 trillion kilowatt-hours (kWh) in 2024, marking a 7.5 percent year-on-year…
Prospective homebuyers look at a property model at a sales office in Beijing. [Photo/China News Service] BEIJING — China’s new tax policies aimed at stabilizing the real estate market have resulted in 11.69 billion yuan (about $1.6 billion) in tax reductions and exemptions in their first month of implementation, according to data released Saturday by…
A driver charges his new energy vehicle via a robot charging pile in Beijing. LI XIN/XINHUA BEIJING — China on Friday unveiled its first-ever guidelines for the insurance of new energy vehicles (NEVs), introducing measures aimed at addressing key challenges currently facing the sector. NEV owners have long struggled with high insurance premiums and the…
China has further solidified its position as the world’s largest producer and consumer of energy, continuously shaping the global energy landscape throughout last year, according to a think tank. The country’s energy consumption in 2024 grew by 4 percent compared to the previous year, driving global demand for primary energy up by 1.9 percent, according…
BEIJING — China’s new energy storage sector has seen a rapid growth in 2024, with installed capacity surpassing 70 million kilowatts, said an official with the National Energy Administration (NEA). Bian Guangqi, deputy director of the NEA’s energy saving and technology equipment department said that by the end of 2024, the total installed capacity of…
Shoppers visit Tianjin’s Florentia Village. [Photo/Xinhua] Florentia Village, a luxury outlet operator based in Italy, is enhancing its footprint in China through strategic partnerships, digital transformation and physical expansion, according to Jacopo De Vena, managing director of Florentia Village and RDM Asia. The company recently signed a three-year collaboration agreement with Sichuan Fine Arts Institute…
China made steady progress in the manufacturing industry last year, achieving innovations and breakthroughs, enhancing digital empowerment and supporting the country’s high-quality development. Intelligent robots work on a vehicle production line in Changchun, Jilin province, on April 24, 2024. [Photo/Xinhua] China’s manufacturing industry maintained the top global position in terms of overall scale for a…
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