A Decathlon employee checks the condition of a bicycle at a store in Beijing on May 1. Decathlon plans to open 20 to 30 stores annually in China over the next two years. [Photo/China Daily] To ride the boom in China’s sports market, Decathlon, a French sports equipment and sportswear manufacturer and retailer, plans to … Continue reading Decathlon plans big expansion in China
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VDA opposes EU’s threat of punitive tariffs on Chinese EVs
Hildegard Mueller (center), president of the German Association of the Automotive Industry, visits BYD’s booth at the Beijing auto show on April 25, 2024. [Photo provided to chinadaily.com.cn] The European Union’s measures against Chinese EVs such as additional tariffs would not solve the challenges facing the European automotive industry, said Hildegard Mueller, president of the … Continue reading VDA opposes EU’s threat of punitive tariffs on Chinese EVs
Say hi to Tong Tong, world’s first AGI child-image figure
Tong Tong, the world’s first virtual child-image figure based on AGI technology. [Photo provided to chinadaily.com.cn] Beijing Institute for General Artificial Intelligence (BIGAI) created the world’s first virtual child-image figure named Tong Tong, based on artificial general intelligence (AGI) technology, said the institute in Beijing on Wednesday. Tong Tong has been trained using the TongOS2.0 … Continue reading Say hi to Tong Tong, world’s first AGI child-image figure
HNBR plant starts construction in Changzhou
Photo taken on April 23, 2024, shows a ceremony being held for the start of the construction of a hydrogenated nitrile butadiene rubber (HNBR) plant in Changzhou of Jiangsu province. [Photo provided to chinadaily.com.cn] Construction of a hydrogenated nitrile butadiene rubber (HNBR) plant with an annual production capacity of 5,000 tons started on Tuesday in Changzhou of … Continue reading HNBR plant starts construction in Changzhou
Entrepreneurs gear up for further Sino-German cooperation
Representatives from German enterprises sample wine during their visit to the Ningxia Hui autonomous region in February. LIU HAI/XINHUA YINCHUAN — Despite having visited Yinchuan, capital of Northwest China’s Ningxia Hui autonomous region, several times, Philipp Prang, commercial director of Big Dutchman China, remains “very interested in this modern city”. “We have already established good cooperation … Continue reading Entrepreneurs gear up for further Sino-German cooperation
GM China joint venture sees soaring vehicle export in Q1
Dozens of SAIC-GM-Wuling’s popular Hong Guang MINI EV are shown at an event in Shanghai. [Photo provided to chinadaily.com.cn] NANNING – SAIC-GM-Wuling (SGMW), a joint venture between SAIC Motor, General Motors and Liuzhou Wuling Motors, saw its first quarter (Q1) vehicle exports reach 49,330 units, up 48 percent year-on-year. In March alone, the company, based … Continue reading GM China joint venture sees soaring vehicle export in Q1
China unveils new measures to streamline foreign exchange business processes
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING – The State Administration of Foreign Exchange (SAFE) released a circular on Sunday, announcing the introduction of six measures aimed at optimizing foreign exchange business processes. According to the circular, these newly-introduced measures are … Continue reading China unveils new measures to streamline foreign exchange business processes