BEIJING — Black Friday has evolved into a global phenomenon, reaching beyond U.S. borders and benefitting both American and Chinese businesses, driven by the power of cross-border e-commerce. This year’s Black Friday marked an online sales milestone in the U.S., with a record $10.8 billion in online spending on November 29, the first day of […]
The move mirrors the directive to nurture technological innovation to boost the development of new quality productive forces and the establishment of a modern industrial system, which was mapped out at a meeting of the Political Bureau of the Communist Party of China Central Committee on Monday. The meeting, which was presided over by Xi […]
At the Sino-Singapore Tianjin Eco-city Science Park, visitors are greeted by digital humans in multiple languages, offering a glimpse into the rich heritage of Tianjin’s time-honored products. The digital center’s exhibition hall, featuring VR glasses, immerses visitors in a virtual world where they can explore intangible cultural heritage, century-old brands, and creative cultural products from […]
LG Chem, a leading South Korean chemical company, has announced plans to further expand its battery material production capacity in China, aiming to capitalize on the country’s emphasis on sustainable development and its growing focus on new, high-quality production forces. The company sees significant growth potential in the Chinese market, which plays a central role […]
China’s foreign trade is expected to maintain steady growth in the coming months, driven by rising global demand and ongoing policy adjustments, according to trade experts and exporters. This growth is anticipated to exceed the typical seasonal fluctuations seen in previous years. For the January-November period, China’s foreign trade expanded by 4.9% year-on-year, reaching 39.79 […]
Antitrust enforcement has become an essential global practice to ensure fair competition and foster innovation, and companies should not use geopolitical tensions as excuses for breaching their legal commitments, said top industry experts on Tuesday. Their comments followed an investigation launched by China’s State Administration for Market Regulation (SAMR) into US chipmaker Nvidia over suspected […]
China is considering unconventional monetary measures to finance a bolder fiscal expansion next year, marking a significant shift in policy to address mounting economic uncertainties. Policy researchers and economists indicated that the People’s Bank of China (PBOC) may engage in substantial government bond purchases and implement aggressive interest rate cuts, alongside reducing banks’ reserve requirements. […]
In a strategic move to enhance its urban capacity and appeal, the county-level city of Taixing in East China’s Jiangsu province has made transportation infrastructure a cornerstone of its urban development plans. The city’s focus on improving its road network is set to address long-standing traffic issues, enhance connectivity, and boost overall urban mobility. At […]
The United States’ preliminary decision to impose anti-dumping tariffs of up to 271 percent on solar products from four Southeast Asian countries could significantly drive up procurement costs for US companies and squeeze profit margins for downstream businesses, analysts warned on Monday. The tariffs, which affect solar panels and components produced in Southeast Asia, are […]
China will persist in advancing high-level opening-up and fulfilling international obligations that match its capabilities, Premier Li Qiang said on Monday. Speaking at the “1+10” Dialogue in Beijing, Li reaffirmed China’s dedication to promoting the stable and healthy development of the global economy amid growing uncertainties and challenges to economic globalization. The “1+10” Dialogue, which […]
