Gap Inc plans to open about 50 new stores in the Chinese market this year, as its local operator, Baozun Inc, accelerates expansion to sustain double-digit growth in the world’s second-largest apparel market. The new outlets will be rolled out through a hybrid model combining directly operated and partner stores, in line with Baozun’s asset-light…
Despite the recent market correction, analysts expect China’s A-share valuations to recover in the medium-term and remain optimistic about Chinese equities. From a macro perspective, China’s reliance on oil and gas is low among major global economies and, at the index level, the impact of short-term oil price spikes on major A-share indices appears limited,…
Changan Automobile has started production at its new plant in Anapolis, Brazil, marking a major step in the company’s global expansion strategy. The highly automated facility, developed in partnership with CAOA Group, will serve as a regional hub for the Latin American market. The first locally produced vehicle, the Changan UNI-T, rolled off the line…
The Wanhua Haiyang Green Power Industrial Park in Yantai holds a ceremony on March 28 for the start of operations of its Phase I project and the groundbreaking of Phase II. [Photo provided to chinadaily.com.cn] The Wanhua Haiyang Green Power Industrial Park in Yantai, East China’s Shandong province, held a ceremony on March 28 marking…
Skoda, the Czech carmaker owned by Volkswagen Group, will stop sales in China by mid-2026 as it shifts focus to markets including India and Southeast Asia, confirmed Volkswagen Group China on Thursday. The withdrawal follows a prolonged decline in sales. Skoda’s annual deliveries in China exceeded 300,000 units between 2016 and 2018, but have since…
Chemical giant BASF on Thursday celebrated the official inauguration of its newly built, world-scale Verbund site in Zhanjiang of Guangdong province. [Photo/VCG] Chemical giant BASF on Thursday celebrated the official inauguration of its newly built, world-scale Verbund site in Zhanjiang, a coastal city in Guangdong province, demonstrating its confidence in China’s economic prospects. The development…
Gilles Carbonnier, vice-president of the International Committee of the Red Cross (ICRC), speaks at a panel discussion themed on “Advancing the SDGs: Actions beyond Commitments” during the Boao Forum for Asia (BFA) Annual Conference 2026 in Boao, South China’s Hainan province, March 25, 2026. [Photo/Xinhua] BOAO — China’s leadership role in technological innovation, especially in…
A smart robot is displayed at a robot training facility in the Chengdu Hi-Tech Industrial Development Zone in Sichuan province. CHINA DAILY Once a 2.5-square-kilometer stretch of farmland on the city’s southern outskirts, the Chengdu Hi-Tech Industrial Development Zone in Sichuan province has, over nearly four decades, transformed itself into a hub for emerging and…
Wind turbines tower above the grasslands of Zhangjiakou, Hebei province. [Photo/VCG] China’s total electricity consumption more than doubled that of the United States in 2025, surging to a record 10.4 trillion kilowatt-hours, underscoring China’s role as the engine of global industrial output and the primary driver of the world’s energy transition. The world’s second-largest economy…
Imagine sitting down for lunch when a boisterous figure in flowing robes raises a cup to toast you. It is Li Bai, China’s “rock-star” poet from the Tang Dynasty (618-907), but he isn’t on a movie screen or in a textbook — he is standing right next to your table, reciting verses with the fervor…