Li Auto showcases the range-extended L9 SUV at 2025 Auto Guangzhou in November. QIN ZIHANG/FOR CHINA DAILY Range-extended electric vehicles, which once gained prominence by eliminating range anxiety and saw soaring sales in recent years, are now facing a continued sales decline amid the growing dominance of battery electric vehicles. Data from the China Passenger…
China launched a State-backed venture capital guidance fund on Friday to steer long-term investment into strategic emerging and future industries, underscoring efforts by policymakers to cultivate new quality productive forces as a core driver of economic growth. The national venture capital guidance fund, jointly initiated by the National Development and Reform Commission and the Ministry…
Northwest China’s Xinjiang Uygur autonomous region is leveraging its strengths in cotton production, energy resources, strategic location, and supportive policies to restructure and upgrade its textile and apparel industry value chain. Efforts are focused on boosting local cotton processing, extending industrial chains and integrating cotton textile with petrochemical sectors. At a conference on industrial park…
China’s leading instant retail platforms are stepping beyond their digital roots. On Dec 19, Ella Supermarket, or Xiaoxiang Supermarket, the instant retail brand under Meituan, officially opened its first offline store in Beijing. The store is located in Wanliu Shopping Center in Haidian district, an area surrounded by high-end residential compounds and close to the…
China has expanded its pilot program for multinational companies to operate integrated domestic and foreign currency capital pools into a nationwide policy, marking a significant stride in financial opening-up. The move aims to facilitate foreign business expansion in China and bolster Chinese companies’ global operations. The People’s Bank of China, the country’s central bank, and…
Amid a backdrop of evolving global trade dynamics, China’s manufacturing sector remains a crucial pillar driving worldwide economic stability, technological progress and green transition, experts and corporate executives said. Highlighting that the strength of “Made in China” is the outcome of open competition, economies of scale and sustained investment in innovation, they said any attempts…
An employee hangs freshly cut beef at a processing plant in Huzhou, Zhejiang province. CHINA DAILY On December 27, 2024, China’s Ministry of Commerce announced a safeguard investigation into beef imports following a petition by the China Animal Agriculture Association and nine provincial animal agriculture associations. The investigation covers fresh, chilled, and frozen beef products…
China’s move to impose provisional countervailing measures on certain dairy products, including cream and cheese, from the European Union will help ease pressure on the domestic deep-processing sector, while creating a valuable window of opportunity for its firms, said market watchers and industry leaders. The government initiated a countervailing investigation into certain dairy products originating…
The venture capital guidance funds from the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, and the Guangdong-Hong Kong-Macao Greater Bay Area have completed business registration and meet the conditions for operation, the National Development and Reform Commission said. With a total value of over 50 billion yuan ($7.1 billion) each, the funds are expected to…
An electric vertical takeoff and landing (eVTOL) aircraft, developed by Chinese drone maker EHang, carries out a demo flight at the urban air traffic operation demonstration center in Bao’an district in Shenzhen, South China’s Guangdong province, April 16, 2025. [Photo/Xinhua] China’s top industry regulator has outlined a comprehensive strategy to foster emerging and future industries…