Shanghai gearing up for consumption bonanza
Foreign tourists buy souvenirs at a shop in Shanghai. YIN LIQIN/CHINA NEWS SERVICE A new wave of consumption activities involving debut economy, consumption upgrade, innovative digital spending as well as…
Dolby eyes China as key hub for innovation
Leveraging its first global flagship experience center — Dolby House Shanghai — Dolby, a global technology major in audio, imaging and voice, said it will deepen its cooperation with partners…
Tech firms spending big on strategic land buys
A file photo shows a horse-themed setup by ByteDance’s Douyin in Shanghai on Jan 27. CHEN YUYU/FOR CHINA DAILY China’s internet giants are ramping up land purchases in major cities,…
China ramps up reform of smaller lenders
China has accelerated reforms and risk management practices among small and medium-sized financial institutions this year as policymakers push to build stronger, more resilient lenders that are better rooted in…
Shanghai substation powers up Lexus’ EV production plans
A substation dedicated to serving the power supply of Japanese carmaker Toyota’s wholly-owned Lexus electric vehicle plant officially began operations in Shanghai on April 30, paving the way for the…
Great road ahead for Sino-Europe autos
Chinese auto company Geely officially entered the UK market with the launch of its first model, the Geely EX5, in October 2025. Once, the most coveted cars on China’s roads…
Warehouse receipts are reshaping China’s commodity trade
Shanghai Commodity Warehouse Receipt Registration Co Ltd, or NCWR, has leveraged warehouse receipt registration to drive the comprehensive digitalization of the commodity ecosystem, facilitating the integrated development of the Yangtze…
Shanghai posts strong holiday retail growth, up 7.7%
Shanghai reported steady growth in online consumption and physical-store spending, growing 7.7 percent year-on-year to reach 64.3 billion yuan ($9.44 billion) in total during the five-day May Day holiday, according…
Debut of full-spectrum hyperspectral satellite to empower commercial aerospace innovation
Kuaizhou-11 Y7 rocket launches at 12:12 pm on March 16 from Jiuquan Satellite Launch Center in Gansu province, deploying eight domestic satellites into scheduled orbits in a flawless mission. CCTV+…
High-quality pivot urged for e-sellers
Salespersons of a cross-border e-commerce company promote products via livestreaming in Huzhou, Zhejiang province, on April 13. HAN CHUANHAO/XINHUA China’s e-commerce sector is at a crossroads after nearly three decades…