China Development Bank has recently disbursed a dedicated loan of $76.5 million to bolster the growth of small and medium-sized enterprises across Africa, the bank said in a news release on Wednesday. The loan, which is provided to the National Bank of Egypt, will provide financial support to 94 SMEs operating in 8 sectors, including…
Consumers select new energy vehicles in a BYD 4S store on March 11 in Qinhuangdao, Hebei province. CAO JIANXIONG/FOR CHINA DAILY Chinese new energy vehicle maker BYD saw its 2024 total revenue rise over 29 percent year-on-year to 777.1 billion yuan ($107 billion), outperforming Tesla for the first time. That brought its net profit attributable…
JOHANNESBURG — Hisense South Africa and China National Building Material Group (CNBM) on Tuesday signed a strategic cooperation agreement to provide smart energy solutions in South Africa. The deal was inked in Johannesburg, where the Solar and Storage Live Africa 2025, one of Africa’s largest renewable energy exhibitions, is currently taking place. After the signing…
Visitors gather at German technology group Heraeus’ booth during the seventh China International Import Expo in Shanghai last week. [Photo/China Daily] SHENYANG — German technology company Heraeus Group on Tuesday officially launched its new quartz manufacturing plant in Shenyang, the capital of Northeast China’s Liaoning province, in its latest move to deepen Sino-German manufacturing cooperation.…
“There are many areas where China can be a leader,” said Ian Goldin, professor at the University of Oxford, to China Daily Website at the China Development Forum on Monday.He noted that China still has significant room for economic growth, with an increasing number of positive market factors and a steady rise in investment. Goldin…
BMW showcases a Vision Neue Klasse model at the 2024 Beijing auto show. [Photo by Li Fusheng/chinadaily.com.cn] SHENYANG — German automaker BMW on Tuesday announced the launch of its 360-degree full-chain artificial intelligence (AI) strategy in China, aimed at accelerating the integration of AI across its operations in the country. The newly unveiled AI strategy…
Wu Xiaoqiu, Huang Qifan and Peng Sen (from left to right) at a high-level dialogue on China’s reform and economic prospects during the ongoing Boao Forum for Asia Annual Conference 2025. FENG YONGBIN/CHINA DAILY China’s economy is showing clear signs of steady recovery with a sound showing in the first two months, and is back…
Over 500 individual products, which together account for 30% of EU imports by value in 2024, have a dependency on China of 70% or more. These are listed in the attached documents, presented in an easy-to-use format for you to explore. For example, you can quickly see that 82% of the €15 million worth of…
BEIJING – US tech giant Apple on Monday said it will invest 720 million yuan ($100.31 million) to launch a new clean energy fund in China. The investment fund seeks to add around 550,000 megawatt-hours of wind and solar energy generation capacity to China’s power grid annually, with this figure expected to increase as more…
BEIJING – China’s fiscal revenue dipped 1.6 percent year-on-year to nearly 4.39 trillion yuan ($611.59 billion) in the first two months of the year, according to data from the Ministry of Finance released on Monday. The central government collected nearly 1.95 trillion yuan in fiscal revenue, down 5.8 percent year-on-year, while local governments collected nearly…