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Mercedes must be in China, says top executive

Mercedes-Benz holds a brand day on April 22, 2025 in Shanghai. [Photo provided to chinadaily.com.cn] China’s top-level innovation dynamism and world-class supplier network make it essential for Mercedes-Benz, said Ola Kaellenius, chairman of the German premium carmaker’s board of management, on Tuesday. “That is why you have to be in China. You have to be…

US stocks rebound on hopes of easing US-China trade tensions

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, US, April 22, 2025. [Photo/Agencies] NEW YORK — US stocks advanced on Tuesday, as investors grew optimistic that US-China trade tensions may soon ease, following reassuring remarks from the US Treasury Department. The Dow Jones Industrial Average rose 1,016.57…

BYD delivers fourth vehicle carrier to enhance global delivery capabilities

SHENZHEN — Chinese leading electric vehicle manufacturer BYD has launched the world’s largest cargo ship for vehicles, marking a significant advancement in its global sales and supply chain layout. The 219-meter-long, 37.7-meter-wide BYD Shenzhen was delivered on Tuesday in the city of Yizheng, East China’s Jiangsu province. This LNG dual-fuel car carrier has a loading…

China Development Bank ups loans for infrastructure in Q1

BEIJING — The China Development Bank said on Tuesday that it has issued loans totaling 369.1 billion yuan ($51 billion) for infrastructure development in the first quarter of the year. Infrastructure-related lending accounted for a growing share of the bank’s total outstanding loans, which the bank noted is part of its heightened efforts to bolster…

GEC market surges in 2024 amid green power push

China’s market for green electricity certificates, designed to boost renewable energy consumption, saw explosive growth in 2024, with trading volume quadrupling, as the country builds a robust system to verify and trade clean power attributes, according to a government report. The China Green Electricity Certificate Development Report (2024), released by the National Energy Administration on…

Instant retail sizzling as turf war among big names heats up

Delivery employees pass through Beijing’s central business district on Feb 20. [ZHAO WENYU/CHINA NEWS SERVICE] Competition in China’s instant retail sector is intensifying as major online players are upping the ante on lucrative on-demand food delivery services to seek new sources of revenue and bolster the digital transformation of traditional brick-and-mortar stores, experts said. They…

Suzhou Port’s three-month fee waiver boosts foreign trade

An aerial photo shows the container terminal in Taicang Port Area of Suzhou Port in operation, April, 20, in Suzhou, East China’s Jiangsu province. [Photo/VCG] From April 18 to July 17, Suzhou Port’s container terminals will offer a three-month free storage service for heavy containers imported and exported by foreign trade enterprises, according to the…

Digitization harnessed to up long-term survival rates of cancer patients

The nationwide “Beyond Limits” initiative is launched across the country by harnessing digitization and other cutting-edge technologies to enhance the long-term survival rates and quality of life for cancer patients. [Photo provided to chinadaily.com.cn] In line with the Healthy China 2030 initiative, the country has kicked off a nationwide Cancer Patient Rehabilitation rally, harnessing digitization…

Seasonally adjusted government deficit at 3.2% of GDP in the euro area and 3.4% in the EU

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Brembo unveils first Asian Inspiration Lab in China

Bogdan Bereanda, president and CEO of Brembo China, speaks at the company’s Inspiration Lab’s unveiling ceremony on April 21, 2025. [Photo by Li Fusheng/chinadaily.com.cn] Brembo, the global leader in braking solutions, inaugurated its first Asian Inspiration Lab on Monday in Shanghai—its second worldwide following the one in the United States. The lab will focus on…