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GDP stable in the euro area and up by 0.1% in the EU

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EU services exports reach €1 427 billion in 2023

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China to help spur innovation of NEVs

A Nio SUV parks up in a battery swapping station in Suzhou, Jiangsu province. [Photo provided to China Daily] China is expected to push the high-quality development of its leading new energy vehicle sector with a slew of policies ranging from electrifying bus fleets to drafting battery swapping standards, according to a senior official. Zhang…

Growing investor interest in AI companion robots

A robot makes coffee at a park in Guangming district of Shenzhen, Guangdong province, on Nov 27. [Photo/Xinhua] SHENZHEN — Able to accompany children at night and even alert parents of potential mental health risks in kids, an AI (artificial intelligence) companion robot for children developed by a Chinese company recently completed an early stage…

Sound eldercare system key to modernization

CAI MENG/CHINA DAILY For China to achieve Chinese modernization, the huge population base is a significant factor to focus on. Its aging population, which is relatively large on a global basis and still increasing, also requires efforts to properly address the situation. With an aging society that does not possess sufficient wealth to navigate the…

First-store economy going full throttle

People tour the Canton Tower business area during its debut in Guangzhou, Guangdong province, on Dec 28. WU WENJUN/FOR CHINA DAILY As new brands become key in driving traffic to China’s urban commercial spaces, the sustained rise of the “first-store economy” has further stimulated consumer appetite. First-store economy refers to a model in which various regions…

Trade-in scheme set to fuel car sales in 2025

A man looks at a Volkswagen SUV in a dealership in Shanghai in December. YIN LIQIN/CHINA NEWS SERVICE China has extended its vehicle trade-in policy for 2025, a move experts anticipate will yield a stronger effect than in 2024, leading to a potential surge in the consumption of automobiles in the world’s largest vehicle market. The…

New quality productive forces backed by digital economy

A visitor interacts with a customer service robot during a financial expo in Beijing. DU JIANPO/FOR CHINA DAILY With the rapid growth of the digital economy, digital finance has fundamentally altered traditional financial operations and service models. It not only represents a digital upgrade of financial services, but also serves as a powerful force driving…

First stores to unlock economic potential of smaller cities

Recently, when I returned to my hometown of Taiyuan in Shanxi province, it was hard not to notice a change in the air after years of living in bustling metropolises like Beijing. The second-tier city, where shopping options were once relatively limited to local brands and the occasional regional chains, has seen a remarkable shift…

Zhejiang to cultivate 20 ‘Eagle Enterprises’ in 2025

A worker deposits fabric products into a three-dimensional warehouse at a company in Keqiao district of Shaoxing, Zhejiang province, on March 14, 2024. [Photo/Xinhua] HANGZHOU — Zhejiang, a major manufacturing province in eastern China, plans to cultivate 20 new “Eagle Enterprises”, or industry leaders, predominantly from the private sector, in 2025. This initiative aims to…