Mercedes-Benz Group unveils its G-Class electric offroad vehicle at the 2024 Beijing International Automotive Exhibition in Beijing in April. [Photo/Xinhua] BEIJING — China is becoming even more attractive to foreign investors, as the latest figures from the Ministry of Commerce showed that the number of newly established foreign-invested firms in the country hit 12,000 in … Continue reading Country continues to be attractive for MNCs
Tag: beijing
Canon to expand footprint in China with stronger local ties
Visitors check out Canon products while performers wearing traditional Chinese apparel stage a performance during a camera expo in Beijing on Friday. [DU JIANPO/FOR CHINA DAILY] Japanese tech company Canon Inc will intensify efforts to deepen cooperation with its Chinese partners and further tap the immense potential of China’s consumer market, given that new business … Continue reading Canon to expand footprint in China with stronger local ties
Swiss air quality tech company IQAir confident in the Chinese market
Frank Hammes, global CEO of IQAir, introduces the company’s latest products in Beijing. [Photo provided to chinadaily.com.cn] Swiss air quality technology company IQAir sees big opportunities in the Chinese market amid the growing demand for products that can help better manage the indoor air environment. The company has unveiled its latest IQAir GC XE air … Continue reading Swiss air quality tech company IQAir confident in the Chinese market
China nurtures unicorn firms with sci-tech innovation
A humanoid robot welcomes guests at the reception desk of Zhongguancun Forum in Beijing on April 27, 2024. [Photo/Xinhua] BEIJING — With the steady improvement in China’s overall strength in sci-tech innovation, a multitude of unicorn enterprises have been fostered in the country in recent years, providing continuous momentum for nurturing new quality productive forces. … Continue reading China nurtures unicorn firms with sci-tech innovation
German auto executives repeat opposition to European Union’s probe
Oliver Zipse, chairman of BMW’s board of management, at the 2024 Beijing auto show, April 25. [Photo/VCG] Executives of German carmakers as well as the German car association are repeating their opposition as the European Union threatens to impose punitive duties on China-made electric vehicles as early as July. Oliver Zipse, chairman of BMW’s board … Continue reading German auto executives repeat opposition to European Union’s probe
‘Invigorating’ China a key focus after record year of sales for Rolls-Royce
Rolls-Royce CEO Chris Brownridge shares the company’s global strategy and his insights into China’s luxury market at the 2024 Auto China in Beijing. [Photo/China Daily] Rolls-Royce finds China “invigorating” and will continue its investment in the country, its second-largest market in the world, said the CEO of the British luxury brand. “It’s a very exciting … Continue reading ‘Invigorating’ China a key focus after record year of sales for Rolls-Royce
Beijing bourse facilitates treasury bond issuance of 1.46t yuan in Jan-April
Pedestrians pass an office building of the Beijing Stock Exchange. [Photo/China News Agency] BEIJING – Over 1.46 trillion yuan ($205.67 billion) of treasury bonds were issued on the Beijing Stock Exchange (BSE) in the first four months of the year, according to the BSE. During the period, 92.57 billion yuan of local government bonds were … Continue reading Beijing bourse facilitates treasury bond issuance of 1.46t yuan in Jan-April
Understanding Europe crucial for Chinese carmakers
Visitors examine an off-road vehicle at the Beijing auto show that runs from April 25 to May 4, 2024. [Photo by Li Fusheng/chinadaily.com.cn] Chinese carmakers will help galvanize the vehicle market in Europe, but if they want to secure a foothold, they need to gain a deep understanding of the destination, said the chief economist … Continue reading Understanding Europe crucial for Chinese carmakers
6G to be commercially available by about 2030: experts
[Photo/VCG] BEIJING – By about 2030, 6G will be commercially available in areas where infrastructure conditions are met, including China, according to panelists at a Saturday forum on 6G innovation and development, which ran parallel to the ongoing 2024 Beijing Zhongguancun Forum. Dai Xiaohui, secretary-general of the China Communications Standards Association, said that 6G has … Continue reading 6G to be commercially available by about 2030: experts
Seres’ Q1 net profit hits $30.34 million
Seres showcases a vehicle platform at the Beijing auto show that runs from April 25 to May 4, 2024. [Photo provided to chinadaily.com.cn] Seres, which produces AITO-branded vehicles in collaboration with Huawei, saw its net profit reach 220 million yuan ($30.34 million) in the first quarter this year. The Shanghai-listed carmaker released on Monday its … Continue reading Seres’ Q1 net profit hits $30.34 million