China’s efforts to build a unified national market entered a new phase in early 2025, when the National Development and Reform Commission — the country’s top economic regulator — issued guidelines intended to accelerate regional integration and harmonize market rules. For many observers, it marks the beginning of a comprehensive advancement of China’s national market…
China has drafted new guidelines to regulate automakers’ pricing practices amid intensifying market competition. The guidelines have elicited positive responses from many automakers. Within a week after the State Administration for Market Regulation issued the guidelines on auto price earlier in December, more than 10 major automakers including BYD, Chery, Great Wall Motor, XPeng, Leapmotor…
A wide-angle view shows the No 1 launch station at Hainan International Commercial Aerospace Launch Center, a coastal spaceport in Wenchang, Hainan province, on March 11. PU XIAOXU/XINHUA SHANGHAI — The latest partnership finalized between Airbus and Shanghai Spacesail Technologies Co Ltd marks another step in expanding the global operational scope of China’s commercial satellites,…
Once believed to be merely a children’s favorite, animated films have “grown up”, becoming the most commercially successful genre in China and making 2025 the highest-grossing year on record for the category. As of Tuesday, propelled recently by Disney’s blockbuster Zootopia 2, the box office revenue of animated movies in China has reached 25.06 billion…
Visitors enjoy time at Harbin Ice-Snow World in Harbin, Northeast China’s Heilongjiang province, on Dec 17. ZHANG SHU/FOR CHINA DAILY NANJING — On a wintry weekend with temperatures hovering just above freezing, an indoor ski dome in the eastern Chinese city of Wuxi, Jiangsu province, buzzed with the sound of beginners shrieking their way down…
Dairy products from the EU on display during an expo in Shanghai. [Photo provided to CHINA DAILY] The European Union should approach China-EU trade ties with pragmatism, acknowledging their mutually beneficial foundations and managing frictions through dialogue rather than allowing them to escalate, said market watchers and business leaders on both sides. In recent years,…
A staff member cuts the ribbon during the opening ceremony of Mixue Group’s first store in the US in Hollywood, Los Angeles, California on Dec 20, 2025. [Photo/chinadaily.com.cn] After becoming established in the Southeast Asian market, Chinese new-style tea brands are now turning to dig gold in the United States, looking for new opportunities. Mixue…
Hainan’s offshore duty-free sector sees strong customer traffic and vibrant sales following the island-wide special customs operations. [Photo provided to chinadaily.com.cn] China’s island province of Hainan reported robust trade and soaring duty-free sales as it launched its island-wide special customs operations on Thursday. The landmark policy, which turns the entire Hainan Island into a special…
The holiday season is here, and for many, toy shopping is a crucial activity on the to-do list. In 2024, the EU was a net importer of toys from the rest of the world, with €7.1 billion worth of toys imported from extra-EU countries (+€0.6 billion compared with 2023), while extra-EU exports amounted to…
BEIJING — China’s animated film box office surpassed 25 billion yuan ($3.54 billion) in 2025, making it the highest-grossing year for animated movies in the country’s history, according to data from online ticketing platforms. Among animated releases this year, “Ne Zha 2” topped the box office chart, followed by “Zootopia 2” and “Nobody,” which ranked…