A robot operates equipment on the assembly line of an automaker in Xi’an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY A batch of Chinese automakers announced that they would shorten payment terms to their suppliers to within 60 days starting Tuesday evening. As of the morning of Wednesday, 10 major auto manufacturers — including BYD, China…
An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at a container terminal of Tianjin Port in North China’s Tianjin. [Photo/Xinhua] TIANJIN — A signing ceremony was held Wednesday for the 1,000th vessel leased through the Dongjiang Free Trade Port Zone (DFTP) in the northern Chinese municipality of Tianjin. As…
Choosing China as a sourcing destination stems from its globally recognized production strength said Kamal Gupta, chief strategic officer of Dukan International Business, in an interview with China Daily website at the ongoing China-Africa Economic and Trade Expo in Changsha, Central China’s Hunan province. The company sources top-quality products from leading factories, leveraging its own…
China is poised for long-term growth, led by innovation and entrepreneurship, despite macroeconomic headwinds and rising global uncertainties, according to a top management expert. “There are some current macroeconomic challenges … But as a firm believer that China creates prosperity through innovation and new technology, and given how that is evolving here in China, I…
TIANJIN — In North China’s industrial city of Tianjin, a bustling workshop is bringing discarded electric vehicle batteries back to life through the combined expertise of skilled technicians and automated systems. The scene exemplifies a massive business opportunity unfolding across China, as the world’s largest electric vehicle market is set to turn battery waste from…
A Russian vendor introduces roasted shrimp chips, milk powder and other Russian specialties to visitors at the food and agricultural products exhibition area during the 7th China International Import Expo in Shanghai on Nov 7, 2024. TIAN JIASHUO/FOR CHINA DAILY The China International Import Expo (CIIE) is continuously contributing to facilitating international economic and trade…
China’s second domestically built large cruise ship, Adora Flora City, receives a water salute on Monday at Shanghai Waigaoqiao Shipbuilding as the vessel achieves the milestone of dock float-up. This marked its transition from structural outfitting to interior installation and system commissioning. [GAO ERQIANG/CHINA DAILY] Adora Cruises, a flagship enterprise in China’s cruise sector, has…
“China has the world’s most developed and competitive supply chain,” said Thomas Nürnberger, chief sales officer of ebm-papst Group in an interview with China Daily Website. He noted that this robust supply chain, combined with the rapid pace of digitalization and big steps towards sustainability, positions China as a key market for industrial companies, including…
Visitors check out a sandbox demonstration highlighting future industrial development at the exhibition hall of a biopharmaceutical industry cluster in Xiamen, Fujian province. [Photo provided to China Daily] Having recently secured market approval for three locally developed innovative drugs, Haicang district in Xiamen, Fujian province, is making waves on China’s pharmaceutical map. With each drug…
A domestically manufactured car on display during an expo in Shanghai. WANG YUSHI/FOR CHINA DAILY China’s automotive industry has raised a collective alarm over what insiders called “involution-style” competition, as government authorities, industry associations and automakers said that an unchecked race to the bottom will endanger the sector’s long-term health. According to the latest report from…