Exhibition organizer heaps big praise on domestic companies

A staff member of Hangzhou Yushu Technology Co Ltd demonstrates a robotic dog at Hannover Messe 2024 in Hannover, Germany, April 22, 2024. [Photo/Xinhua] HANNOVER, Germany — Chinese companies “are more and more innovative”, the organizer of this year’s Hannover Messe told Xinhua News Agency, expressing his hope of expanding trade with China in the … Continue reading Exhibition organizer heaps big praise on domestic companies

World’s biggest wheeled crane breaks barriers

At a 200-megawatt wind farm in Hengshui, Hebei province, the world’s largest tonnage wheeled crane XCA4000 completed its first lift in March, lifting a 130-metric-ton nacelle, a 40-ton hub and three 95-meter-long blades weighing 28 tons each, to a height of 162 meters for assembly on the tower. With a 4,000-ton lifting capacity, the XCA4000 … Continue reading World’s biggest wheeled crane breaks barriers

Chinese companies ‘are more and more innovative,’ says Hannover Messe organizer

A staff member of Hangzhou Yushu Technology Co Ltd demonstrates a robotic dog at Hannover Messe 2024 in Hannover, Germany, April 22, 2024. [Photo/Xinhua] HANNOVER – Chinese companies “are more and more innovative,” the organizer of this year’s Hannover Messe told Xinhua, expressing his hope of expanding trade with China in the future. In an … Continue reading Chinese companies ‘are more and more innovative,’ says Hannover Messe organizer

Swiss Re bullish about insurance market’s prospects in nation

A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation

Swiss Re bullish about insurance market’s prospects in nation

A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation

Protecting Chinese inventions with smart patent moves

[Photo/VCG] I started reporting on the tech industry in 2015 and since then I’ve noticed that patents have always been a key topic of interest for my interviewees, readers and myself. After all, patents speak volumes about a country’s or a company’s technological strength or weakness. Over the past decade, I’ve witnessed how patents shifted … Continue reading Protecting Chinese inventions with smart patent moves

Global car brands need to catch up, says expert

Xu Changming, an expert at the State Information Center, gives a speech at the seminar organized by Auto Star Works on April 23, 2024. [Photo provided to chinadaily.com.cn] International carmakers need to make “major changes” to stay competitive in China, the world’s largest vehicle market, said Xu Changming, an expert at the State Information Center. … Continue reading Global car brands need to catch up, says expert

Nike doubles down on hyper-localized innovations for China

Nike showcased its latest pipeline of innovations, together with 40 world-class elite athletes, including the sculpted Air unit in the new Pegasus Premium, during the “Nike On Air” event in Paris last week. [Photo provided to chinadaily.com.cn] Nike Inc, the leading global sportswear producer, is doubling down on the Chinese market by leveraging a fast-responsive … Continue reading Nike doubles down on hyper-localized innovations for China

Chinese yuan fourth biggest payment currency

A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] The Chinese yuan has ranked as the world’s fourth biggest payment currency for the fifth month in a row as of March, accounting for 4.69 percent of global payments by value, according to global financial messaging platform Swift. The proportion was up … Continue reading Chinese yuan fourth biggest payment currency

Chinese, German banks issue first batch of $140m funds

[Photo/VCG] The China Development Bank and Landesbank Baden-Wurttemberg, a major bank of Germany, have issued the first batch of 1 billion yuan ($140 million) of funds for areas such as small and mid-sized enterprises, third-party markets, green finance and sustainable finance under the framework of cross-border renminbi cooperation, CDB announced on Wednesday. The move is … Continue reading Chinese, German banks issue first batch of $140m funds