An outlet of hotpot chain Xiapuxiapu in Shanghai in August. [Photo/China Daily] Digitalization is key to improving efficiency and reducing costs for China’s catering industry, as well as driving its high-quality development, amid a period of rising revenue but declining profits, said business leaders and experts at a conference held recently in Shanghai. According to…
A Huawei Mate XT tri-fold smartphone on display at a flagship store in Shanghai on Tuesday. [WANG GANG/FOR CHINA DAILY] Apple Inc launched the iPhone 16 Pro and iPhone 16 Pro Max on Monday, featuring the A18 Pro chip built for Apple Intelligence, larger display sizes, innovative pro camera features and a huge leap in…
BEIJING — China’s services outsourcing industry has witnessed continuous rapid growth in recent years, becoming an important engine driving the country’s services exports, official data showed on Tuesday. From 2013 to 2023, the total annual value of offshore services outsourcing contracts inked by Chinese firms rose from $62.3 billion to $215.4 billion, growing at an…
Visitors check out Tencent Cloud’s booth during the 2024 World Artificial Intelligence Conference in Shanghai in July. [Photo/China Daily] Amid the growing momentum of Chinese companies going global, domestic cloud service providers are also progressively making further forays into international markets. Tencent Cloud’s international business has seen double-digit growth over the past three years, delivering…
Chicken coops equipped with an AI chicken breeding system are distributed in the bamboo forest in Tiantaishan village, in the city of Chishui, Southwest China’s Guizhou province. [Photo/Xinhua] GUIYANG — At a Silkie chicken breeding base in Tiantaishan village in the city of Chishui, Southwest China’s Guizhou province, each coop is equipped with a real-time…
China will further open up its services sector, promote convenient cross-border flow of various innovation elements, and optimize the environment for the growth of trade in services, a senior official said. The State Council, China’s Cabinet, released a policy document earlier this month regarding promotion of the development of trade in services through high-standard opening-up.…
In a recent interview with #ChinaPerspectives, Huang Hanquan, head of the Chinese Academy of Macroeconomic Research, said China’s real estate supply-demand relationship has undergone significant changes, and the country needs to accept the reality of the declining contribution of real estate to economic growth. He said the country should foster new pillar industries including next-generation…
Ouyang Minggao, an academician of the Chinese Academy of Sciences, speaks at the 2024 World Power Battery Conference in Yibin, Sichuan province, on Sept 1. [Photo provided to chinadaily.com.cn] China’s lithium-ion battery industry is expected to see its production exceed 1 billion kilowatt-hours this year, said Ouyang Minggao, an academician at the Chinese Academy of…
People gather at a Kcoffee booth in Shanghai in May. CHEN YUYU/FOR CHINA DAILY Yum China Holdings Ltd is ramping up its coffee business with the rapid expansion of its Kcoffee brand, boosted by its existing vast KFC network and pricing strategy. Kcoffee has accelerated the rollout of new stores this year, with Yum China opening…
As collaboration between China and African countries presents vast opportunities, China Railway Resources Group is planning to strengthen cooperation with partners in the Democratic Republic of Congo (DRC), a senior company executive said. “We will continue to leverage our advantages, technology and management to boost mutual development, engage in broader and deeper cooperation with companies…