China’s retail sales of consumer goods are expected to reach around 60 trillion yuan ($8.85 trillion) by 2030, with consumption playing a stronger role in driving economic growth, according to a five-year plan aimed at expanding domestic demand and boosting consumption. The plan, approved by the State Council, China’s Cabinet, on Monday, seeks to further…
Shen Bo, executive vice-president of ASML and president of ASML China, attended the donation ceremony with the Shanghai Science Education Development Foundation in Shanghai. [Photo provided to chinadaily.com.cn] ASML is stepping up its support for science popularization education in China, with one example being supporting the 23rd Shanghai Future Engineer Competition. “Continuous support for this…
The 09 is ID. UNYX’s first mid-size smart electric coupe sedan. [Photo provided to chinadaily.com.cn] ID. UNYX’s first B-segment smart electric coupe sedan, the 09, has been unveiled in the latest catalog of vehicle products released by the Ministry of Industry and Information Technology, marking a further expansion of the brand’s lineup. As a new…
Artificial intelligence is accelerating a shift in the country’s creative economy, making emotional engagement and immersive experiences increasingly important as the cost of producing digital content falls, according to business leaders from cultural, entertainment, and tourism industries. The rapid adoption of generative AI has lowered barriers to content creation across industries, prompting companies to rethink…
AVATR celebrates its 100,000th AVATR 07 vehicle on Wednesday at its factory in Chongqing’s Liangjiang New Area. [Photo provided to chinadaily.com.cn] Chongqing’s burgeoning smart connected new energy vehicle industry celebrated a milestone on Wednesday, as the 100,000th AVATR 07 vehicle rolled off the production line at its factory in the city’s Liangjiang New Area. The…
Shipments of air conditioners and related components from Wuhan, Hubei province to European markets have soared this summer, as the region grapples with a prolonged heatwave. [Photo by Xu Chen/For chinadaily.com.cn] Shipments of air conditioners and related components from Wuhan, Hubei province to European markets have soared this summer, as the region grapples with a…
Banks in Guangdong launched a cross-border remittance service earlier this month, allowing Hong Kong seniors receiving portable cash assistance to have their allowance deposited directly into mainland bank accounts, clearing a key barrier for Hong Kong retirees settling in the province. Hong Kong’s Social Welfare Department (SWD) announced last week that eligible seniors may now…
The 23rd China Changchun International Automobile Expo and the 8th China FAW Hongqi Carnival kick off on Sunday at the Northeast Asia International Expo Center in Changchun, Jilin province. [Photo by Tian Jiaxin/for chinadaily.com.cn] The 23rd China Changchun International Automobile Expo opened Sunday at the Northeast Asia International Expo Center in Changchun, Jilin province, drawing…
Kan Wei Jin, legal representative of DNV (China) Co Ltd, said that as a foreign enterprise that has been rooted in Changning district in Shanghai for many years, it has experienced Changning’s consistent efforts in building a high-quality business environment. “What stands out most to us is the district government’s ability to understand business needs,…
In 2024, the EU had 507 hospital beds per 100 000 people, a small decrease from the 511 registered in 2023. The number of hospital beds has been decreasing since the time series started in 2009 (582 hospital beds per 100 000 people), reflecting the impact of scientific and technological developments that shortened the average…