Yu Qian, QCraft’s co-founder, chairman and CEO, explains the company’s development plans on Jan 23, 2026. [Photo provided to chinadaily.com.cn] QCraft has seen its driver-assistance solutions installed in more than 1 million vehicles, marking a new phase of large-scale commercialization. Its systems are currently deployed across 23 production models from nearly 10 automakers, including Li…
An employee operates at a smart workshop of Luoyang Bearing Group Co Ltd in Luoyang, Central China’s Henan province, Nov 4, 2025. [Photo/Xinhua] BEIJING – Profits of China’s major industrial firms returned to growth in 2025, snapping a three-year streak of declines, with emerging sectors such as equipment manufacturing and high-tech manufacturing serving as major…
China’s push for high-quality development is increasingly being driven by private enterprises that combine technological breakthroughs with stronger connectivity across regions, playing a growing role in industrial upgrading and supply-chain resilience. The trend comes as national efforts to upgrade industrial chains and strengthen the real economy continue to create new space for private manufacturers to…
China’s top tax authority said on Wednesday that a total of 33.1 trillion yuan ($4.6 trillion) in taxes and fees were collected in 2025, meeting the government’s annual revenue target. The State Taxation Administration highlighted that key tax relief measures, aimed at backing technological innovation and the manufacturing sector, resulted in more than 2.8 trillion…
A Volkswagen UNYX 06 version on display at Auto Shanghai 2025, on April 25. [Photo/VCG] Volkswagen’s ID. UNYX brand is preparing for a decisive year in 2026, with four model launches that executives said manifest the best of German engineering and Chinese local innovation and a significant expansion in its dealership network. Born in 2024,…
Spectators walk past movie posters at a cinema in Linyi, East China’s Shandong province, Aug 18, 2025. [Photo/Xinhua] BEIJING – Earlier this year, Xin Minghua, a devoted fan of the “Ne Zha” animated films, journeyed all the way from East China’s Shanghai to the country’s southwestern Sichuan province, just to visit Nezha Palace, a site…
China has approved a first-of-its-kind treatment for chronic hepatitis D, marking both a clinical breakthrough and a symbolic milestone for the country’s push to develop globally competitive original medicines. The National Medical Products Administration on Friday granted conditional approval to Libevitug, a monoclonal antibody developed by Beijing-based Huahui Health, for adult patients with chronic hepatitis…
Choi Yong-ho, CEO of South Korean entertainment technology company Galaxy Corporation, highlighted three pillars of China’s market resilience: technological innovation, a challenge-ready spirit, and a supportive environment for entrepreneurs. He told China Daily that the country holds a leading position in robotics and AI, backed by a talented younger generation. Galaxy plans to deepen its…
A safety staff member observes as a robotaxi of Pony.ai, a Chinese autonomous driving solution provider, steers automatically at the Canton Tower, a landmark in Guangzhou, South China’s Guangdong province, March 11, 2025. [Photo/Xinhua] China’s robotaxi sector is accelerating its shift toward scaled commercial operations, with leading companies expanding fleets in major cities, as technology…
This photo taken on Nov. 4, 2025 shows the 138th edition of the China Import and Export Fair in Guangzhou, South China’s Guangdong province. [Photo/Xinhua] GUANGZHOU – China’s manufacturing heartland of Guangdong province saw the establishment of 36,000 new foreign-funded enterprises in 2025 – a 38.7 percent increase – while its actual utilized foreign capital…