Japanese automaker Toyota Motor Corp. announced Wednesday that it will build a new wholly-owned electric vehicle (EV) plant in Shanghai.

​BYD moved up one spot to the fifth in the global top-selling automaker rankings for 2024, selling 4.27 million vehicles globally last year, according to official data.

Shenzhen has recently introduced new measures aimed at further standardizing the management of special funds for marine economic innovation and development demonstration projects.

Since the beginning of the year, China’s provincial-level regions have been holding their “two sessions” meetings during which government work reports are delivered outlining development priorities for 2025.

China Vanke, which has been facing liquidity risks for more than a year, today made five announcements related to its annual report forecast, senior management reshuffles and project transfers, indicating a major turnaround for the Shenzhen-based real estate developer.

China’s gross domestic product (GDP) expanded 5% last year, meeting the country’s annual economic growth target, following a burst of growth in the final quarter after the government rolled out a hefty stimulus package.

Renowned leading enterprises in the low-altitude economy such as Pengcheng Wings have already settled in the Bao'an Low-altitude Economy Industry Public Service Center. The industrial agglomeration effect is driving the low-altitude economy to soar at an accelerating pace.

The city has formulated detailed implementation rules for its previously issued measures to boost overseas investment attraction and utilization.