A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] The Chinese renminbi became the second-largest trade finance currency in June, exceeding the euro, while retaining its position as the fourth most active payment currency, according to data compiled by global financial messaging platform Swift. The renminbi’s share as a … Continue reading Renminbi surpasses euro as second-largest trade finance currency in June
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China, Europe develop stronger auto industry ties
Visitors check out a new energy sports car displayed at the World Intelligence Expo 2024 in Tianjin in June. [Photo/Xinhua] SHENYANG — At the Tiexi plant of BMW Brilliance Automotive Ltd in Northeast China, rows of sleek electric vehicles await global delivery. Just a street away, an auto parts factory buzzes with activity, crafting components … Continue reading China, Europe develop stronger auto industry ties
Auto sales set to rise with new promotions
A woman hosts a livestream for vehicles at an auto show on June 15. CHEN GUANYAN/CHINA NEWS SERVICE A million yuan of subsidies, half-price vehicles and other eye-catching promotions were provided by auto companies at this year’s June 18 online shopping carnival, in efforts to capture consumer attention and stimulate auto sales. More than 20 major … Continue reading Auto sales set to rise with new promotions
Beijing, Shenzhen, Shanghai top cities in China’s AI development
People visit the 2024 Consumer Technology and Innovation Exhibition, which kicked off at the Shanghai New International Expo Center on June 13, 2024. [Photo provided to chinadaily.com.cn] Beijing, Shenzhen, and Shanghai take the top three spots among the 100 most competitive cities in artificial intelligence development in China, according to the China Artificial Intelligence City … Continue reading Beijing, Shenzhen, Shanghai top cities in China’s AI development
Collaboration urged as EV market contest heats up
Leapmotor’s 3.0 architecture attracts onlookers at the 2024 Guangdong-Hong Kong-Macao International Auto show in Shenzhen, Guangdong province, on June 1, 2024. [Photo provided to chinadaily.com.cn] As China’s smart electric vehicle market sees fiercer competition than ever, auto executives have called for collaboration and efforts to build an open ecosystem. At the 2024 Man Machine Mobility … Continue reading Collaboration urged as EV market contest heats up