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Foreign firms in China continue to post trade growth in May

BEIJING — Foreign-invested firms in China recorded a 4 percent year-on-year growth in exports and imports in May, marking the fourth consecutive month of growth, official data showed Monday. The total trade volume of foreign enterprises in China reached 1.11 trillion yuan (over $154.47 billion) last month, according to the General Administration of Customs. In…

How science is embracing online world to thrive

Chaohu Mingyue, a new generation of computing cluster, in Hefei, Anhui province. CHINA DAILY It all started online. A glowing sunflower, which produces light through bioluminescent genes to make it a self-luminous plant, went viral online through a short video, attracting millions of views. Netizens marveled. Comments poured in. More importantly, investors were attracted. “Before the…

In major mining pivot, Guizhou powers economy from green sectors

A drone image shows a phosphate mining site in Qiannan Bouyei and Miao autonomous prefecture, Guizhou province. WU DONGJUN/FOR CHINA DAILY Guizhou province, located in China’s southwestern highlands, is executing an economic transformation that defies the old resource-reliant development mode. Known for its vast mineral wealth, Guizhou, which was once heavily engaged in low-value mining…

China’s CPI down 0.1% in May

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The 4th China-Africa Economic and Trade Expo opens in Changsha

People visit the fourth China-Africa Economic and Trade Expo at Changsha International Convention and Exhibition Center in Changsha, Central China’s Hunan province, June 12, 2025. [Photo/Xinhua] CHANGSHA – The fourth China-Africa Economic and Trade Expo opened on Thursday in the Central Chinese city of Changsha. Nearly 4,700 Chinese and African companies as well as over…

Over 1,800 exhibitors gather at Changsha’s construction machinery expo

The fourth Changsha International Construction Equipment Exhibition opened on Thursday in Changsha, Hunan province and will run through Sunday. [Photo provided to chinadaily.com.cn] The fourth Changsha International Construction Equipment Exhibition opened on Thursday in Changsha, Hunan province, and will run through Sunday. The event has attracted 1,806 exhibitors from both domestic and international markets. Spanning…

Institutional breakthroughs will secure megacity’s heft as IFC

Residential savings have been rising constantly in China. Data from the People’s Bank of China, the country’s central bank, show that residential savings increased by 9.22 trillion yuan ($1.26 trillion) in the first quarter, up 7.7 percent year-on-year, significantly outnumbering the 1.74 trillion yuan of incremental savings from nonfinancial companies. Increase in residential savings is…

China firmly upholding multilateral trade rules

CAI MENG/CHINA DAILY The decision by China to engage in talks with the United States demonstrates its firm stance in upholding multilateralism and presents a new opportunity for the reform and improvement of the global governance system. The post-World War II multilateral trading system, with the World Trade Organization at its core, advocates for members…

Wujiang’s innovation ecosystem evolving rapidly

Leju’s KUAVO humanoid robots in operation at Chinese carmaker Hongqi’s factory in Changchun, Jilin province, in April. [Photo provided to China Daily] At the heart of China’s Yangtze River Delta region, there is a place where the elegance of a traditional water town coexists with the pulse of cutting-edge innovation. In Wujiang district of Suzhou,…

China’s tech culture driving AI advance, Alibaba chairman says at Paris forum

Joe Tsai, co-founder and chairman of Alibaba Group, and Maurice Levy, emeritus chairman at Publicis Groupe, engage in a discussion at VivaTech 2025 in Paris, France on Wednesday. [Photo by Wang Mingjie/China Daily] Joe Tsai, co-founder and chairman of Alibaba Group, believes China’s edge in artificial intelligence is rooted not only in technical capability but…