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AICM deepens China engagement amid resilient chemical demand

Representatives from the Investment Promotion Agency of the Ministry of Commerce and the Association of International Chemical Manufacturers sign a strategic cooperation agreement in Beijing on Jan 19. [Photo provided to chinadaily.com.cn] With strong demand for chemical products continuing across China’s industrial sectors, the Association of International Chemical Manufacturers (AICM) is deepening its engagement in…

Electricity powers major projects in East China

Staff members from State Grid Jiangning conduct a check on electrical equipment at Gree Electric Appliances (Nanjing) Co Ltd, providing energy efficiency advice services, in Nanjing, Jiangsu province. ZHAO ZILING/FOR CHINA DAILY State Grid, the world’s largest utility enterprise which is crucial to China’s energy security and economic lifeline, is making innovative moves to power…

Chinese imports, consumption to fuel global recovery

A bustling foreign trade container terminal with constant truck and vessel movements at Shanghai Port on Jan 14. LONG WEI/FOR CHINA DAILY China has vowed to raise imports along with its consumption-boosting initiatives, translating its massive market into a stable engine for global trade and a thriving destination for foreign businesses, senior economists and business…

Haikou charts path for sustainable future

LI MIN/CHINA DAILY Beneath the warm Hainan sun, a “solar tree” with silver-gray “leaves” quietly converts sunlight into electricity. Nearby, benches made of local volcanic stone, embedded with wireless chargers, offer park-goers a blend of rest and clean energy. This is not a conceptual art exhibit, but a glimpse into daily operations at the Haikou…

Beijing sees 19.5% rise in new overseas-funded businesses

This photo taken on Sept 2, 2024 shows the skyline of the central business district (CBD) at dusk in Beijing, capital of China. [Photo/Xinhua] BEIJING – Beijing saw over 2,400 new registrations of overseas-funded businesses in 2025, marking an increase of 19.5 percent year-on-year, according to local authorities. Last year, the national capital recognized 20…

Departure tax refunds soar in 2025

A staff member provides departure tax refund service for a tourist from Russia at a shopping center in Beijing, capital of China, April 30, 2025. [Photo/Xinhua] A sharp rise in departure tax refunds for overseas visitors helped drive a rebound in inbound consumption in China in 2025, as a broad set of policies aimed at…

‘Digital IDs’ for EV batteries to enable efficient reuse

A worker inspects the batteries of pure electric vehicles at the production workshop of Haima Automobile’s base in Haikou, Hainan province, in October 2022. YUAN CHEN/FOR CHINA DAILY China will assign a unique “digital identity” to every new-energy vehicle power battery to strengthen full-lifecycle supervision and promote safe, efficient recycling, the country’s top industry regulator…

Covestro strengthens China presence with new TPU facility

Visitors gather at Covestro’s booth at PU China 2024, held in Shanghai on July 17, 2024. [Photo/VCG] Covestro AG, the German manufacturer of polymers and high-performance plastics, is increasing its investment in China as part of its strategy to strengthen local production, innovation and market responsiveness, with thermoplastic polyurethane (TPU) identified as a key growth…

Optimized trade-in policies to harness fresh potential

Customers pick out special purchases for Spring Festival at a supermarket in Kaifeng, Henan province, on Jan 25. LI JUNSHENG/FOR CHINA DAILY China will weigh more efforts toward stimulating service consumption, optimizing consumer goods trade-in policies and tapping the spending power of smaller cities, to further unleash the consumption potential of 1.4 billion people, the…