An increasing number of global players are entering China's superlarge NEV industry, promoting the sound development of the industry, and providing consumers with better products and more choices, according to He Yi, deputy secretary-general of the China Association of Automobile Manufacturers.
?China has started to channel more energy into the digital transformation of its manufacturing sector to foster new quality productive forces and strengthen the economic momentum.
In the face of China's rapid growth of electric mobility, Volkswagen Group is revving up its investment in the electrification shift in a bid to expand its presence in the Chinese market.
?Hainan, a tropical island province in southern China, is experiencing a meteoric rise as a global duty-free shopping destination, attracting a record number of investors and brands to its annual consumer products expo.
A report from the German Economic Institute shows that the total direct investment by German companies in China reached a record high of 11.9 billion euros (about 12.7 billion U.S. dollars) in 2023, a year-on-year increase of 4.3 percent.
In recent months, there have been several delegations of German enterprises visiting Hefei, a city in east China's Anhui Province, demonstrating keen interest in China's emerging industries.
?In its latest efforts to facilitate ease of payments for overseas travellers, Chinese authorities earlier this week introduced measures to make payments more accessible for foreigners visiting the country's major tourist attractions.
Over the years, China has sped up the implementation of a series of concrete measures, including reducing the negative list for foreign investment and implementing the Foreign Investment Law, to extend the benefits of its ongoing opening-up policy to more foreign companies.