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Chinese carmakers shifting gears with global factory push

A Brazil-made BYD new energy vehicle rolls off the line at BYD’s production base in Camacari, Bahia State, Brazil, July 1, 2025. [Photo/Xinhua] Chinese carmakers are building up overseas production capabilities, signaling a shift from their exports-based go-global strategy. BYD rolled out its first Brazil-made passenger vehicle from its factory in Bahia state last week,…

China responds to EU ban with import restrictions of medical equipment

China enacted new measures, effective immediately, targeting the procurement of certain medical devices imported from the European Union in government purchasing programs, according to a notice issued by the Ministry of Finance on Sunday. This move follows the European Commission, the EU’s executive body, introducing steps to restrict Chinese companies and products from taking part…

TotalEnergies exec: China key engine for innovation

Visitors gather at TotalEnergies’ booth during a mining expo in Beijing. DU JIANPO/FOR CHINA DAILY China is a crucial engine for global sustainable innovation, particularly in the energy sector, a senior executive of TotalEnergies China said, highlighting the country’s rapid advancements and the French energy major’s increasing reliance on Chinese technology. “China has been at the…

GDP growth target seen as attainable

Jason Ding China’s economy is expected to gain momentum and meet its annual growth target of around 5 percent this year, buoyed by stimulus policy measures and technological innovation, said Jason Ding, managing partner of consultancy Bain & Co Greater China. The key drivers of China’s economic growth come from its large-scale manufacturing, green transition,…

Key chip firms say US export ban lifted

Semiconductor chips are seen on a circuit board of a computer in this illustration picture. [Photo/Agencies] Three key chip companies said on Thursday that the US had lifted export restrictions on chip design software for China and that they have resumed or are in the process of resuming sales and support to Chinese customers. Siemens…

China’s global financial ranking on rise

Lujiazui, Shanghai’s financial center, forms a perfect backdrop to Shanghai’s Bund. [Wang Gang/For China Daily] China ranks fourth in terms of its global financial competitiveness this year, following the United States, United Kingdom and Japan, with China’s rank one place higher than last year, according to a new report released at the Digital Finance Forum…