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Chinese companies willing to ramp up AI investment

Artificial intelligence-aided robots sort products at a logistics center of a garment company in Huzhou, Zhejiang province, on Wednesday. NI LIFANG/FOR CHINA DAILY Chinese companies are accelerating the adoption of generative artificial intelligence, as the cutting-edge disruptive technology presents a significant opportunity for enterprises to boost operational efficiency, remain competitive and navigate the complex business…

Beijing hits back after new tariffs

China will not initiate trade conflicts and is willing to resolve differences through dialogue, while regarding unilateral bullying measures, China will take necessary measures to firmly defend its own rights and interests, the Ministry of Commerce said on Thursday. The ministry made the remarks following Washington’s levy of an additional 10 percent tariff on goods…

EU high-speed rail lines grew to 8 556 km in 2023

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Volume of retail trade down by 0.2% in the euro area and by 0.3% in the EU

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European Statistics Awards – Energy challenge winners

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Guizhou seeks digital economy growth

Guizhou province prioritizes the growth of emerging industries such as data services and artificial intelligence, provincial Party secretary Xu Lin said Wednesday at an industry modernization conference. Xu said the province is developing six major industrial bases, including the national computing power hub, to drive high-quality development and improve livelihoods. According to Guizhou’s 2025 government…

Investment promotion conference launched in Shanghai

The business environment optimization and investment promotion conference of Baoshan district takes place in Shanghai on Wednesday. [Photo provided to chiandaily.com.cn] The business environment optimization and investment promotion conference of Baoshan district was held in Shanghai on Wednesday. During the conference, 36 key projects with a total investment exceeding 30 billion yuan ($4.1 billion) were…

Toyota announces carbon neutrality agreement with Shanghai

Toyota Motor Corporation announced Wednesday to sign a comprehensive partnership agreement on carbon neutrality with Shanghai and will establish a new wholly owned company in the city’s Jinshan district to develop and produce battery electric vehicles (BEVs) and batteries. Under this partnership with the Shanghai municipal government, Toyota, which has been present in the Chinese…

Domestic AI savvy pushes markets up

Chinese onshore technology shares jumped on the first trading day following the Spring Festival holiday, underscoring reviving investor confidence despite tariff hikes from the United States, as homegrown artificial intelligence models make strides, analysts said. The STAR 50 Index, which tracks Shanghai’s sci-tech innovation board, rose 2.9 percent to close at 982.83 points on Wednesday,…

Action plan 8.0 to inject more vitality into Shanghai

A view of the Huangpu River in Shanghai. [Photo/VCG] The latest business environment improvement action plan released in Shanghai on Wednesday will help the city better address market entities’ needs and inject more vitality into the city’s economic growth, said officials and market experts. Their comments were made on Wednesday when the Shanghai municipal government…