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ABB to ramp up R&D investment in nation

Employees configure a robot that can write Chinese characters at the exhibition stand of ABB during the 4th China International Import Expo in Shanghai. [Photo/CHINA DAILY] Swiss technology company ABB Ltd said it will continue to increase investment and strengthen research and development efforts in China, its second-largest market, especially in smart buildings and industrial…

Real estate stabilization key to bolstering China’s overall economic growth, expert says

Zou Yunhan, deputy director of the Macroeconomic Research Office at the State Information Center’s Department of Economic Forecasting said in an interview with #ChinaPerspectives that within the package of incremental policies announced by Chinese policymakers, real estate is regarded as a key area due to its crucial role in driving the overall economy as well…

China advances probe into PVH Corp

[Photo/VCG] China is advancing the probe into PVH Corp, an American clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, under the unreliable entity list framework, the Ministry of Commerce said on Thursday. “We will fully safeguard PVH’s rights to make statements and submit defenses during the investigation process,” said He Yadong,…

Opening-up of energy sector to expand further

Employees install solar panels at a village in Tangshan, Hebei province. ZHANG YONGXIN/FOR CHINA DAILY China will further expand its opening-up in the energy sector, engage in extensive international cooperation and contribute to a more stable global energy supply, said Zhang Jianhua, head of the National Energy Administration, on Wednesday. Zhang said China has made…

Heilongjiang’s Daqing spurs low-carbon transformation

Daqing, a traditional petroleum and petrochemical city in Northeast China’s Heilongjiang province, is intensifying efforts to promote low-carbon transformation in response to the country’s green targets, said its mayor He Zhao on Thursday. The city has completed the construction of new energy power generating units totaling 4.6 million kilowatts in installed capacity, including wind power,…

Belt and Road Energy Partnership sees cooperation expand to 34 countries

Technicians check solar panels in Zhoushan, Zhejiang province. [Photo by Yao Feng/For China Daily] The number of participants in the Belt and Road Energy Partnership has expanded to 34 countries, CCTV News reported on Thursday. The coordination will focus on energy security, energy transition, and contribute a Chinese solution to global energy governance reform. Since…

Smart cabin technology growing fast in country

A visitor gets to grips with Nio’s cockpit in Shanghai in July. CHINA DAILY Smart cabins are becoming a must for new vehicles in China, especially electric ones, as carmakers vie to attract car buyers with better onboard user experience. Of the new vehicles sold in the first quarter, more than 67 percent featured cabins with…

Domestic AI models tackle unique demands of Cantonese

LU PING/CHINA DAILY “Is there a wife in a wife cake?” Heyson He Lixi, an influencer promoting Cantonese, asked. “There is no actual wife in a wife cake, as it is just a traditional Hong Kong pastry,” answered Sensechat, the world’s first Cantonese large language model, a ChatGPT-like product, in fluent Cantonese. He raised a…

Mechanism paves way for economic recovery globally

This photo shows a view of the Kazan Kremlin in Kazan, Russia, Oct 20, 2024. [Photo/Xinhua] Greater collaboration and stronger coordination among BRICS countries — Brazil, Russia, India, China and South Africa, as well as other new members — will greatly enhance their economic growth and fortify the multilateral trading system, according to market watchers and…

Import expo to boost openness, market access

The first China-Europe freight train carrying exhibits for the 7th China International Import Expo arrives at Minhang Station in Shanghai on Sunday. FANG ZHE/XINHUA The 7th China International Import Expo, which is scheduled to be held in Shanghai from Nov 5 to 10, is a significant effort by the world’s second-largest economy to enhance its high-level…