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Trade consultations key to global stability, growth

A new round of China-US economic and trade talks is vital to reducing business uncertainties and improving global economic confidence amid persistent geopolitical and trade challenges, experts and business executives said on Monday. According to information released by the Ministry of Commerce, Vice-Premier He Lifeng, who is also a member of the Political Bureau of…

Experiential consumption drives Qingdao’s booming coffee culture

With favorable policies, imported coffee beans can be stored first and taxed only after sale in the Qingdao Area of the China (Shandong) Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] From boutique cafés tucked along old streets to giant roasting facilities handling beans from across the globe, coffee is becoming deeply woven into the…

EU rail passengers made 8.7 billion trips in 2024

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China-Mongolia mega railway project enters critical phase

Construction on the China section of the second cross-border railway between China and Mongolia entered a critical phase on Sunday, paving the way for enhanced bilateral trade and connectivity. Invested and constructed by the State-owned China Energy Investment Corp (CHN Energy), the railway features a combined single-line design accommodating both standard and broad gauges. A…

Dongguan dominates global AI glasses market in 2025

Nearly half of all artificial intelligent glasses in the world market last year were manufactured in Dongguan in Guangdong province, demonstrating that the Guangdong-Hong Kong-Macao Greater Bay Area city has evolved from a “world factory” to a “global smart manufacturing hub”. According to data from authoritative research firm Omdia, global shipments of AI glasses reached…

China’s factory-gate prices continue to recover

China’s factory-gate prices continued to recover in April while consumer inflation picked up moderately, official data showed on Monday. China’s producer price index, which measures factory-gate prices, maintained its expansion streak for a second month, rising 2.8 percent year-on-year, up 2.3 percentage points from March, according to the National Bureau of Statistics. The index returned…

Demographics, urbanization changing housing market

Potential homebuyers look at a property model in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE China’s real estate sector is undergoing a historic transition. During the 14th Five-Year Plan period (2021-25), the industry entered a phase of deep adjustment after more than two decades of rapid expansion. The development model that once powered growth —…

Caution weighs on April’s auto sales

Leapmotor showcases its D19 SUV featuring a McDonald’s vinyl wrap at Auto China 2026 in Beijing on April 24. CAO YINGYING/CHINA DAILY China’s auto market moved through April under a complex mix of multiple car launches, sustained price competition and cautious consumer sentiment. It all resulted in a noticeable slowdown in retail momentum compared with…