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New market entity data show vitality

China registered 13.28 million new market entities in the first half, with private and foreign-invested firms maintaining steady momentum and cultural industries posting the fastest growth, the State Administration for Market Regulation said on Tuesday. Private enterprises took the spotlight, with 4.35 million new registrations, up 4.6 percent year-on-year. Foreign-invested firms also rose 4.1 percent…

China, US reach deal to extend tariff suspension

China and the United States on Tuesday extended the pause on tariff hikes on each other’s goods for another 90 days, a move that market watchers and exporters said will help address trade frictions through dialogue and ease anxieties of businesses. They said the latest reciprocal move on tariffs is expected to stabilize bilateral trade…

Demand for Nvidia’s H20 chip lackluster

Guests attending the 2025 World Artificial Intelligence Conference show avid interest in the artificial intelligence chips produced by MetaX, a Shanghai-based chip company, on July 29 at the event in Shanghai. SHI HUA / FOR CHINA DAILY Nvidia’s H20 artificial intelligence chip, designed specifically for the Chinese market in compliance with Washington’s export controls, is…

Budweiser China builds on Putian brewery to boost local economy

Craig Katerberg, chief legal and corporate affairs officer at Budweiser APAC, delivers a speech at an industry conference in Putian, Fujian province in early August 2025. [Photo provided to chinadaily.com.cn] Budweiser China, a subsidiary of Budweiser Brewing Co APAC Ltd, will continue to invest in China – one of its largest markets globally – as…

Geely adds 11 satellites to future mobility constellation

Geely Holding Group has finished its fourth satellite launch for the Geely Future Mobility Constellation in Rizhao, Shandong province. All 11 satellites launched have now entered their planned low-earth orbits and are functioning normally, said the Chinese conglomerate in a statement on Monday. With the latest launch, which was finished on Saturday, the number of…

Shanghai project wins top award for Best New Mega Development

A view of New Aga Khan Museum of Islamic & Contemporary Art, which with Chinese Architectural Designer Shen Tao as design lead, has been named a 2025 NY Architectural Design Awards Gold Award winner. [Photo provided to chinadaily.com.cn] As large-scale urban renewals worldwide grapple with balancing landmark ambitions and capital returns, a 55-billion-yuan ($7.74 billion)…

China records steady growth in private, foreign-invested firms in H1

BEIJING – Private and foreign-invested enterprises saw steady expansion in China in the first half of the year, official data showed Tuesday, indicating improving market expectations as well as the country’s appeal as a global investment hub. Some 4.35 million new private enterprises were established in the first six months, up 4.6 percent year-on-year, according…

Hualong One nuclear tech gains ground

Construction of the No 1 reactor at the Jinqimen nuclear power plant in Ningbo, Zhejiang province, began on Sunday with the pouring of concrete for the nuclear island, marking a significant step forward for China’s Hualong One nuclear technology, said its operator China National Nuclear Corp. The Jinqimen No 1 reactor, designed for a 60-year…

China dominates global EV market

China continues to be the world’s leading electric vehicle manufacturing hub with diverse export markets, according to the Global EV Outlook 2025 released by the International Energy Agency. Last year, China remained the largest player in fast charging deployment, accounting for 80 percent of the global growth. Tanks to chinadaily.com.cn Please visit: Our Sponsor