Gary Rosen, CEO of Accor Greater China. [Photo provided to China Daily] French hospitality company Accor is seeing increasing opportunities arising from China’s flourishing tourism market amid the country’s intensified efforts to further tap into the growth potential of domestic demand. Gary Rosen, CEO of Accor Greater China, said the company remains optimistic about the … Continue reading Accor basking in China’s hospitality biz
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VW, Xpeng expand EV cooperation
Representatives from Volkswagen and Xpeng pose for a group photo. [Photo provided to chinadaily.com.cn] Volkswagen said on Monday that it is deepening cooperation with Chinese startup Xpeng in terms of platform and software development for its electric vehicles. Volkswagen Group China Technology Company and CARIAD China are developing an electronic architecture in cooperation with Xpeng. … Continue reading VW, Xpeng expand EV cooperation
BWI expects products to be all-by-wire by 2035
The prototype of BWI Group’s EMB system. [Photo provided to chinadaily.com.cn] BWI Group said on Wednesday that it expects 95 percent of the company’s chassis products to be fully controlled by wire by 2035. This goal is part of the company “All-by-Wire 2035” strategy. It vows to provide global customers with more smart mobility solutions, … Continue reading BWI expects products to be all-by-wire by 2035
New guideline to strengthen capital market fraud punishment, prevention
[Photo/VCG] The General Office of the State Council has forwarded a guideline on further improving the comprehensive punishment and prevention of financial fraud in the capital market, a move aimed at reinforcing coordinated policy efforts to strengthen the crackdown on fraud and protect investors’ legitimate rights. This marked the first time the General Office of … Continue reading New guideline to strengthen capital market fraud punishment, prevention
GBA poised to gain from RMB milestone
This aerial photo shows the Hong Kong-Zhuhai-Macao Bridge in South China. [Photo/Xinhua] Cross-border renminbi transactions in South China’s Guangdong province reached a record high of 7.39 trillion yuan ($1.02 trillion) in 2023, up 25.1 percent from the previous year, according to data from the provincial government. This is a milestone achievement in facilitating smooth and … Continue reading GBA poised to gain from RMB milestone
De Beers’ prospects in nation glittering bright
A model holds a De Beers fancy vivid blue 5.53-carat diamond that could fetch $15 million during a preview at Sotheby’s before the auction sale in Geneva, Switzerland, November 3, 2022. [Photo/Agencies] Selecting China for the most new store launches in its global portfolio, London-based diamond company De Beers Group will open 10 more … Continue reading De Beers’ prospects in nation glittering bright
Global ingredient manufacturer firm on hopes for its Chinese business growth
Gan Zhilin, president of Kemin China. [Photo provided to chinadaily.com.cn] Kemin Industries, a global ingredient manufacturer, remains determined in the Chinese market in terms of its future business growth, after the company introduced its enzyme preparation products 40 years ago, according to a senior company executive. “We are confident in the future development of our … Continue reading Global ingredient manufacturer firm on hopes for its Chinese business growth
Auto part firms eye opportunities in Central Europe
A screenshot from the website of Chervon-Auto Precision Technology. [Photo/Chervon-Auto Precision Technology] A growing number of Chinese companies are venturing overseas and launching localized production to embrace globalization, with Hungary emerging as a hot spot of investment, thanks to its strategic location, favorable policies and proactive efforts to attract Chinese auto part manufacturers, said business … Continue reading Auto part firms eye opportunities in Central Europe
China’s brands favored by foreigners unveiled
[Photo/2024 China Brand Day gala] The 2024 China’s brands favored by foreigners was announced during the China Brand Day events in Shanghai on May 10. Fifty brands were selected, according to Xinhua News Agency. The announced brands are comprehensively evaluated based on four dimensions: online votes, product export volume, overseas presence via media and expert … Continue reading China’s brands favored by foreigners unveiled
German auto executives repeat opposition to European Union’s probe
Oliver Zipse, chairman of BMW’s board of management, at the 2024 Beijing auto show, April 25. [Photo/VCG] Executives of German carmakers as well as the German car association are repeating their opposition as the European Union threatens to impose punitive duties on China-made electric vehicles as early as July. Oliver Zipse, chairman of BMW’s board … Continue reading German auto executives repeat opposition to European Union’s probe