The renminbi is starting to gain ground in the dollar-dominated global commodity trade, as recent deals highlighted the Chinese currency’s expanding role in offering a diversified option for pricing and settlement, economists and executives said. Breakthroughs in RMB-denominated commodity transactions, regarded as one of the most difficult frontiers for the RMB’s global use, may signal…
Global electronics maker Samsung announced on Wednesday that it is to cease sales of all home appliance products on the Chinese mainland market. The move covers all home appliance categories, including televisions and monitors. Smartphone products will continue to be sold as usual. In a statement published on its official website, the company said the…
People wait to dine at a Haidilao hotpot restaurant in Shanghai on May 2. CHINA DAILY The country’s catering sector is experiencing sustained acceleration in chain store development, driven by market consolidation and operational quality upgrades, according to the 2026 White Paper on the Development of Restaurant Chains in China released by the China Chain…
A staff member weighs durians at a fruit distributor’s operating center in Guangzhou, South China’s Guangdong province, on Oct 17. DENG HUA/XINHUA BEIJING — When durian season arrives, it makes a grand entrance to China via railway wagon, cold-chain container and express vessel, bringing with it a fruit whose distinctive aroma may divide opinion, but…
An immersive historical drama tour debuts in Qingdao, Shandong province, on Sunday, with participants solving coded missions, creating traditional crafts, and role-playing patriotic stories. [Photo provided to chinadaily.com.cn] An immersive historical drama tour debuted on Sunday at Zhongshan Road in Shinan district of Qingdao, Shandong province, during the May Day holiday, offering visitors a vivid…
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A real estate agent (right) addresses queries from potential homebuyers in Jinhua, Zhejiang province, on March 21. HU XIAOFEI/FOR CHINA DAILY Driven by growth in its four largest cities, home purchases in China gained traction nationwide in March, leading to rising confidence among experts about the housing performance during the upcoming May Day holiday, which…
A foreign host is livestreaming cosmetics products “Made in China” in Chengmai county, Hainan province, in September 2025. CHINA DAILY The afternoon sun slants through the tinted glass walls of a livestreaming base in Chengmai county, Hainan province, casting a golden light on the busy venue. At 2 pm, the place comes alive. Behind one…
Brembo said its Sensify intelligent braking platform has entered large-scale series production, in a move the Italian supplier described as a milestone for software-defined vehicles. The system is being deployed as standard across all vehicles in a program for a leading global manufacturer, signaling readiness for full industrial rollout, the company said in a statement…
The decision by Brazil to grant visa-free entry to Chinese citizens from May 11 immediately triggered a surge in travel searches for destinations including Rio de Janeiro and Brasilia, Chinese online travel platform Qunar said on Thursday. Under the policy announced by Brazil’s government on Thursday, holders of ordinary Chinese passports will be allowed to…