Stefan Mecha, CEO of Volkswagen China Passenger Cars Brand, speaks in an interview on Nov 6, 2024 in Shanghai. [Photo provided to chinadaily.com.cn] The Volkswagen brand sees 2026 as a crucial year in China, which is very likely to mark the start for it to restore its glory in the gasoline vehicle era. Stefan Mecha,…
Baidu World 2024 is held in Shanghai on Nov 12, 2024. [Photo provided to chinadaily.com.cn] Chinese technology giant Baidu Inc unveiled its new artificial intelligence-powered tool “Miaoda” on Tuesday, allowing users to become programmers without grasping coding skills. The new tool was released during the Baidu World 2024 Conference held in Shanghai. “Miaoda” can coordinate…
Astrid Poghosyan, project manager at the Shanghai Symphony Orchestra, describes Shanghai as a hub of openness and curiosity. She said the city’s diverse community fosters a sense of belonging and encourages exploration of new ideas and collaborations. This openness and willingness to embrace different perspectives is what makes Shanghai such a dynamic and innovative place,…
Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, on March 10, awaiting export. [WANG YUSHI/FOR CHINA DAILY] China and Europe should enhance cooperation and leverage their comparative advantages and unique strengths in areas such as electric vehicles to develop third-party markets, which could help broaden business opportunities and…
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Agencies] China’s central bank confirmed on Monday the continuation of its supportive monetary policy stance, a move that analysts said has reinforced expectations of another cut in the reserve requirement ratio to accommodate additional government bond issuance. The ongoing…
BEIJING — China’s yuan-denominated loans rose by 16.52 trillion yuan (about $2.3 trillion) in the first 10 months of 2024, central bank data showed on Monday. China has adopted a series of pro-growth policies, which have not only stabilized social expectations, but also boosted market confidence, accelerated capital flow, and improved market activity, experts said.…
A pet market in Anshan, Liaoning, with an annual transaction volume of over 1.5 million pets, is drawing global attention. [Photo provided to chinadaily.com.cn] The city of Anshan, Liaoning province, once renowned for its steel industry, has been revitalized thanks to its booming pet economy. The city’s Tiexi Bajiazi Pet Market has an annual transaction…
With electric vehicles attracting wider attention nationwide, more charging facilities are being set up across the country. [Photo provided to China Daily] With electric vehicles attracting wider attention nationwide, more charging facilities are being set up across the country. In Taizhou, Jiangsu province, new charging stations were built next to existing substations to further optimize…
A view of CBD area in Beijing on June 20, 2023. [Photo/VCG] BEIJING – China’s total number of business entities had reached 188 million by the end of September 2024, marking a 3.9-percent year-on-year rise, the State Administration for Market Regulation said on Friday. Of this total, 60.2 million were companies while over 125 million…
[Photo/VCG] BEIJING – China’s Ministry of Commerce announced on Monday it will impose temporary anti-dumping measures on certain brandy imports originating from the European Union (EU), effective Nov 15. The decision follows a preliminary investigation that found EU brandy producers were dumping certain products in China, threatening to cause substantial damage to the domestic industry,…