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China a ‘great center of technology, industry’: Nvidia CEO

China is one of the world’s great centers of technology and industry, Nvidia CEO Jensen Huang said during the opening ceremony of the fourth China International Supply Chain Expo (CISCE) in Beijing on Monday. Addressing the event via video link, Huang said CISCE honors one of the most vital systems in the global economy —…

Full-chain low-carbon future for CECEP

China Energy Conservation and Environmental Protection Group, or CECEP, is accelerating efforts to build a full-chain low-carbon service system, focusing on energy efficiency, renewable power, resource recycling, digital carbon management and zero-carbon industrial parks. The effort comes as companies across China face growing pressure to reduce energy intensity, manage carbon assets and prepare for emerging…

Expert says Chinese consumption will grow

With advantages in traditional global exports and manufacturing, China is transitioning to innovation-driven advanced manufacturing, and domestic consumption will gradually become the driving force for the country’s economic growth, said Joe Ngai, senior partner and chairman of McKinsey & Co Greater China office. With geopolitical tensions and trade disputes, coupled with rising labor and production…

China sees autos as a consumption lever

A visitor tries out a new energy vehicle during an auto expo in Hohhot, Inner Mongolia autonomous region. DING GENHOU/FOR CHINA DAILY China unveiled on Tuesday a list of 40 pilot cities for automobile consumption-boosting initiatives, a move aimed at removing unreasonable restrictions and cultivating new consumption scenarios that integrate commerce, tourism, culture and sports.…

Nation’s evolving role in global pharma enhanced

Samsung Epis Holdings has opened its first biopharmaceutical research and development center in China focused on antibody-drug conjugates, or ADCs, joining a growing list of multinational drugmakers deepening their presence in a country that has become one of the world’s most active hubs for cancer drug innovation. The facility in Beijing’s Changping district will serve…

Ericsson bets on nation’s innovation to power its AI evolution

Visitors check out the venue guidance map prior to the 2026 Summer Davos, also known as the 17th Annual Meeting of the New Champions, in Dalian, Liaoning province, on June 22. ZOU HONG/CHINA DAILY China will remain one of Ericsson’s important markets as the Swedish telecoms equipment maker doubles down on next-generation mobile networks as…

Growth outlook lifts sentiment

Guests speak at a session themed “A World Out of Balance” during the 2026 Summer Davos forum in Dalian, Liaoning province, on Tuesday. CHENG TINGTING/XINHUA Global executives and leading economists voiced confidence in China’s economic resilience and long-term prospects on Tuesday, citing strong momentum in high-tech sectors, continuing economic rebalancing and strong policy support, as…

Company apologizes over erroneous earthquake warning

Xiaomi TV apologized on Tuesday night after an earthquake warning was mistakenly pushed to some of its TV users in Beijing and nearby areas. At around 8:15 pm on Tuesday, some Xiaomi TV users in Beijing and surrounding regions received an earthquake early warning message, prompting several users to post online that their TVs had…

From seed funding to scale-up capital: Xiong’an bets big on startups

The Xiong’an Artificial Intelligence Industrial Park in Hebei province is attracting entrepreneurs with supportive policies. [Photo provided to chinadaily.com.cn] For startups struggling to secure their first investor, Xiong’an New Area is offering something extraordinarily rare: money before the market is convinced. The fast-growing city in North China’s Hebei province is rolling out an aggressive package…