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AI to remain one of Shanghai’s leading industries

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The 2025 Global Developer Conference is an AI event for developers to communicate, collaborate and innovate. [Photo by Gao Erqiang/chinadaily.com.cn] Artificial intelligence will continue to be one of Shanghai’s leading industries, and its market scale already exceeded 450 billion yuan ($62 billion) in 2024, according to officials. “In the past few years, Shanghai has been…

China should further ease market entry to boost consumption, economist says

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Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] China can further ease the market entry to services consumption sectors while relaxing relevant price restrictions as part of efforts to create a new policy paradigm that prioritizes boosting consumption, which in turn drives investment, said a senior…

China sees robust growth in loans to small, micro firms

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Employees work on the production line of a high-tech company in Tianjin. [Photo/Xinhua] BEIJING — Official data showed that China saw robust growth in the outstanding sum of loans to small and micro companies by the end of 2024 amid government efforts to encourage inclusive financing. By the end of the fourth quarter (Q4) of…

Asia’s largest flower market sees blooming business in 2024

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Workers pack flowers at the Kunming Dounan Flower Market in Southwest China’s Yunnan province, Jan 31, 2023. [Photo/Xinhua] KUNMING — The Dounan Flower Market, Asia’s largest fresh-cut flower trading market, in the Southwest Chinese city of Kunming saw flower transaction volume up 5 percent to 14.18 billion stems last year. With a transaction value of…

Slight increase in nuclear power production in 2023

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Greenhouse economy boosts farmers’ income in grain-producing Juancheng

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Farm grower Wu Zhengqian harvests strawberries in his greenhouse in Wuxingyanzhuang village, Juancheng county, Shandong province, on Feb 24. [Photo provided to chinadaily.com.cn] In East China’s Shandong province, farm grower Wu Zhengqian is jubilant with the vibrant growth of his strawberries in greenhouses at grain-producing Juancheng county. Shuttling through his strawberry bushes in Wuxingyanzhuang village…

China’s leading coffee province sees 358% surge in coffee exports in 2024

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This undated file photo shows some fresh coffee beans growing at a coffee estate in Pu’er of Southwest China’s Yunnan province. [Photo/Xinhua] KUNMING – Yunnan province in Southwest China exported 32,500 tons of coffee in 2024, marking a year-on-year increase of 358 percent, according to customs authorities on Tuesday. The coffee was exported to 29…

Beijing-Tianjin Zhongguancun Tech Town registers market players of various types

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This photo taken on Feb 20, 2025 shows a monitoring robot at Tianjin Siasun Intelligent Technology Co Ltd in the Beijing-Tianjin Zhongguancun Tech Town, in Tianjin, North China. [Photo/Xinhua] As a key cooperation platform for Beijing and Tianjin to jointly implement the national strategy for the coordinated development of Beijing-Tianjin-Hebei region, and the first asset-heavy…

China conducts 300-billion-yuan MLF operation to sustain banking liquidity

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A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s central bank on Tuesday conducted a 300-billion-yuan ($41.83 billion) medium-term lending facility (MLF) operation to maintain ample liquidity in the country’s banking system. The MLF operation features a one-year maturity period and an interest rate of 2 percent,…

Swiss biotech firms hike investment footprint

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Rani Jarkas, chairman of Cedrus Group. Swiss biotechnology companies are stepping up expansion and investments in China, eyeing its huge market potential and improved policies to accommodate foreign capital, said executives and industry mavens. Bettina Ernst, a board member of Switzerland-based Versameb, said the pharmaceutical company is enthusiastic about collaboration opportunities in China, aimed at…