Visitors watch a floor cleaning robot at Dreame’s booth at IFA Berlin 2024 in Germany in September. [Photo/Xinhua] BEIJING — China, once deemed “factory of the world” for churning out low-cost products and serving as a contract manufacturing hub for multinational brands, is now seeing its consumer electronics enterprises ride the AI wave to move…
Global automation and electrification leader ABB is doubling down on its commitment to China, forging closer collaborations to accelerate the digital transformation of the nation’s energy and industrial sectors, a top executive said. “Among the sectors ABB Energy Industries, a division of ABB, is supporting in China, such as power, water, chemicals and pharmaceuticals, we…
BEIJING – China’s total outbound direct investment (ODI) rose 6.2 percent year-on-year to $40.9 billion in the first quarter (Q1) of 2025, according to data released Thursday by the Ministry of Commerce. In the first three months of the year, non-financial ODI went up 4.4 percent to $35.68 billion, He Yadong, a ministry spokesperson, said…
“There is no substitute for China,” Gary Rosen, CEO of Accor Greater China, said in an interview with China Daily. He believes that “the next China is China”, and “there’s so much that’s coming out of China that the world will benefit from”. Rosen stated that sustained economic growth, recent favorable policies, and rising household…
BEIJING – China’s central bank on Thursday said that it will issue 600 billion yuan ($83.22 billion) of one-year medium-term lending facility (MLF) loans on Friday. With 100 billion yuan in MLF funds maturing this month, the move will result in a net liquidity injection of 500 billion yuan. The net injection of MLF this…
A fleet of Chery models drives itself across a bridge over the Yangtze River in Wuhu, Anhui province, on March 18, 2025. [Photo provided to chinadaily.com.cn] Smart driving, which has been a buzzword in China for quite some time, is gaining further attention, as the government and some automotive executives have called for cautious use…
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Dolby Laboratories showcases the first vehicle equipped with both Dolby Vision and Dolby Atmos, the Li Auto Mega, at Auto Shanghai 2025. [Photo provided to chinadaily.com.cn] Dolby Laboratories showcased its latest achievements in in-car entertainment at Auto Shanghai 2025 on Wednesday. It has collaborated with multiple automakers and industry partners to advance the application of…
Visitors gather around a flying vehicle developed by China FAW Group Co Ltd under the Hongqi brand at the 21st Shanghai International Automobile Industry Exhibition held in Shanghai, on April 23, 2025. [Photo/VCG] CHANGCHUN – China FAW Group Co Ltd on Wednesday unveiled its first flying car under the Hongqi brand, taking a step into…
Nissan showcases its all-electric N7 sedan and Frontier Pro PHEV pickup at Auto Shanghai 2025. [Photo provided to chinadaily.com.cn] Nissan Motor launched its first plug-in hybrid pickup, the Frontier Pro PHEV, along with Dongfeng Nissan’s all-electric N7 sedan at Auto Shanghai on Wednesday, highlighting its advancements in electrification and intelligent mobility, while outlining its strategy…