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
Tag: march
Car sales accelerate in March
Employees inspect new energy vehicles on the assembly line of Li Auto’s workshop in Changzhou, Jiangsu province, in December. [CHEN WEI/FOR CHINA DAILY] Many carmakers saw their March sales rise in China, fueled by the popularity of new energy vehicles and amid fierce competition that analysts expect to continue throughout the year. BYD reclaimed its … Continue reading Car sales accelerate in March
Updates allow Jiyue drivers to enjoy newest cars, says CEO
Jiyue CEO Xia Yiping speaks at the brand’s AI Day on March 25, 2024. [Photo provided to chinadaily.com.cn] Jiyue Auto, a joint venture between Geely and Baidu, launched an over-the-air upgrade for its model, the Jiyue 01, on Monday. It represents the third OTA update within 90 days and the fifth since the launch of … Continue reading Updates allow Jiyue drivers to enjoy newest cars, says CEO
Intimate wear business sees rising net profit
A man works in a supply chain factory of Cosmo Lady, one of the largest intimate wear enterprises in China. [Photo provided to chinadaily.com.cn] The expansion of physical stores and the increased number of membership customers have helped boost net profits for Cosmo Lady, one of China’s largest intimate wear enterprises, in 2023, according to … Continue reading Intimate wear business sees rising net profit
Ecarx unveils new smart car technology
Ecarx showcase cars featuring its technology on March 20 in Hangzhou, Zhejiang province. [Cao Yingying/China Daily] Nasdaq-listed chipmaker Ecarx revealed a suite of technological products and platforms at its second Tech Day on Wednesday in Hangzhou, Zhejiang province, aiming to assist automakers in producing more smart vehicles and support Chinese automakers in expanding overseas. The … Continue reading Ecarx unveils new smart car technology