China National Petroleum Corp said on Thursday that its first “green electricity direct connection” project located in the Taklamakan Desert, Xinjiang Uygur autonomous region, was approved recently, signaling a new era of integrating renewable energy with traditional oil and gas production. The project features a photovoltaic (PV) power station with a total installed capacity of…
China will step up antitrust enforcement in 2026 to break down local protectionism and market fragmentation, the country’s market regulator said on Thursday. At the 2026 national antitrust work conference held in Xiamen, Fujian province, the State Administration for Market Regulation said this year’s priorities include deepening fair competition governance, regulating market order, and addressing…
Ontime, a transportation service based in Guangzhou, announced on Thursday that more than 100 new robotaxis had been added to its fleet. [Photo provided to chinadaily.com.cn] Over 100 new robotaxis have been added to the operation fleet of Ontime, a transportation service based in Guangzhou, Guangdong province, the company announced on Thursday. Pony.ai, a Chinese…
A view of the Tianshan gas field operated by the Xinjiang Oilfield of China National Petroleum Corp. [Photo by Xu Zhiyuan / for chinadaily.com.cn] The Tianshan gas field, located on the southern edge of the Junggar Basin in the Xinjiang Uygur autonomous region, has cumulatively produced one billion cubic meters of industrial natural gas as…
On Wednesday, fiberglass producer China Jushi, a subsidiary of China National Building Material Group, opened a new production line in Huai’an, Jiangsu province, capable of producing 100,000 metric tons of electronic-grade fiberglass and 390 million meters of electronic fabric annually. This line represents 9 percent of the global market capacity, making it the largest of…
China’s general public budget revenue, the sum of tax revenue and non-tax revenue, reached about 4.42 trillion yuan ($639.8 billion) in the first two months of this year, up 0.7 percent year-on-year, according to the Ministry of Finance on Thursday. Of this, the country’s tax revenue amounted to 3.64 trillion yuan, an uptick of 0.1…
Drew Henry, executive vice-president of Arm’s Physical AI Business Unit, speaks at an event in Beijing on March 17, 2026. [Photo provided to chinadaily.com.cn] A senior Arm executive has hailed China as a key testing ground and showcase for physical AI, as robots and smart cars are becoming increasingly commonplace in the world’s No 2…
BEIJING – China is poised to leverage its capital markets to bankroll a new generation of hard-tech startups, rolling out long-term funding, national merger vehicles and an overhaul of its Nasdaq-style board. The moves, anchored in its 15th Five-Year Plan outline released this month, aim to harness financial instruments to bolster its technology sector over…
China and the United States have agreed to study the establishment of a cooperation mechanism to promote bilateral trade and investment, and to continue leveraging existing consultation frameworks, according to the Ministry of Commerce. The ministry’s announcement came after Chinese and US delegations held candid, in-depth, and constructive exchanges in Paris from March 15 to…
Engineers conduct a thermal inspection of server facilities at an industrial park in the Beijing-Tianjin Industrial New City in Wuqing district, on Feb 26, 2026. [Photo/Xinhua] More than 160 projects in fields including biomedicine, smart technology and automotives have landed in Beijing-Tianjin Industrial New City located in Wuqing district, Tianjin, this year. The total investment…