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Foreign investment in high-tech sectors rises

China saw the actual use of foreign direct investment in high-tech industries surge 20.3 percent year-on-year to 116.33 billion yuan ($17.12 billion) in the first four months of 2026, accounting for 40.4 percent of the country’s total FDI, data from the Ministry of Commerce showed. Meanwhile, the share of FDI flowing into high-tech industries rose…

EU trade in goods surplus halved in Q1 2026

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EU trade with China deteriorates further in Q1

EU exports to China fell 7.5% year on year, while imports from China rose 2% in the first quarter of this year, pushing the quarterly deficit close to €95bn, or more than €1bn a day.The EU-China trade gap did not narrow in March. It widened.Eurostat data show EU exports to China are slightly down year…

Reform drive seen as vital in China-US tech ties

As competition between China and the United States increasingly centers on technological and industrial capabilities, China should focus on leveraging its strengths of a super-large market while accelerating institutional reforms to enhance innovation capacity, said a senior economist. The remarks came as China and the US agreed to build a relationship of “constructive strategic stability”.…

Hitachi signs residential elevator renewal deals for Greater Bay Area

The 17th World Elevator and Escalator Expo is held in Guangzhou, the capital of Guangdong province, from Wednesday to Saturday. [Photo provided to chinadaily.com.cn] Hitachi Elevator (China) Co, an arm of Japanese electronics giant Hitachi Ltd, has signed agreements with a number of property companies and clients in the Guangdong-Hong Kong-Macao Greater Bay Area for…

Expo set to boost China-US biz ties

Companies and institutions from the United States have ranked first among foreign exhibitors at the China International Supply Chain Expo for four consecutive years, from the inaugural event to this year’s fourth edition, the China Council for the Promotion of International Trade said on Friday. The US business community’s active participation, experts said, underscores the…