Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. [Photo by Wang Gang/For China Daily] China’s smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by … Continue reading China’s smartphone market grows 6.5% in Q1
Tag: percent
China’s charging pile expertise sought-after in overseas countries
Factory workers at a charging pile manufacturer in Luoyang, Henan province, inspect EV charging piles. [Photo/China Daily] Chinese charging pile companies have advantages in the supply chain, technology innovation and cost, leading to high demand in overseas markets, industry experts said. With emissions regulations tightening, the transition to vehicle electrification is unstoppable worldwide. While new … Continue reading China’s charging pile expertise sought-after in overseas countries
Technology innovation key to steady economic growth
Engineers operate the tunnel boring machine to begin construction of the Suzhou East Tunnel in Suzhou, Jiangsu province. LIU FUCHANG/FOR CHINA DAILY After China’s GDP grew 5.2 percent last year and 5.3 percent year-on-year in the first quarter, it is expected to continue to expand at a relatively high rate over the long run. Endowed … Continue reading Technology innovation key to steady economic growth
VW to grow China sales to 4 million units in 2030
A Volkswagen charging station is displayed at the Shanghai auto show on April 18, 2023. [Photo provided to chinadaily.com.cn] Volkswagen AG expects to scale up its sales to 4 million units in 2030 in China, which CEO Oliver Blume said is the German carmaker’s “second home market”. The 2030 sales goal, which was announced on … Continue reading VW to grow China sales to 4 million units in 2030
AI blueprint driving ambitious revenue surge for BlueFocus
The BlueFocus’ logo. [Photo provided to chinadaily.com.cn] China’s leading marketing technology company BlueFocus released its annual report for 2023 on Sunday, revealing its AI-driven revenue reached 108 million yuan ($14.9 million), which is projected to increase by 500 million to 1 billion yuan in 2024 and bring extraordinary growth. The company achieved an operating revenue … Continue reading AI blueprint driving ambitious revenue surge for BlueFocus
China’s loan prime rates remain unchanged
This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China’s Jiangsu province. [Photo/Xinhua] BEIJING – China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Monday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also … Continue reading China’s loan prime rates remain unchanged
Calls for policy to grow country’s vehicle sales
Members of the public visit an auto expo in Dongying, Shandong province, on April 11. [LIU ZHIFENG/FOR CHINA DAILY] China’s top auto trade association is calling for favorable government policies to stimulate sales, saying domestic demand for new vehicles is one of the most important issues to be addressed this year. “We hope that the … Continue reading Calls for policy to grow country’s vehicle sales
Competitive growth from China propels Danone in first quarter
The logo of Danone. [Photo/VCG] Leading food and beverage company Danone announces its first quarter results of 2024, with consolidated sales standing at 6.8 billion euros ($7.2 billion), up 4.1 percent on a like-for-like basis, led by China’s sustained competitive growth in all categories. In the first quarter, China, North Asia & Oceania region achieved … Continue reading Competitive growth from China propels Danone in first quarter
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
Infineon to aid China’s green push
Andreas Urschitz, a member of the management board and chief marketing officer of Infineon. [Photo provided to chinadaily.com.cn] German chipmaker Infineon Technologies AG sees abundant growth opportunities arising from China’s green transition, as the country’s rapid development of new energy vehicles and wind and solar power capacities fuels rising demand for semiconductors, a senior executive … Continue reading Infineon to aid China’s green push