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China to host the 2026 APEC Digital and AI Ministerial Meeting

China will host the 2026 APEC Digital and AI Ministerial Meeting in Chengdu, Sichuan province, on July 23. [Photo provided to chinadaily.com.cn] China will host the 2026 APEC Digital and AI Ministerial Meeting in Chengdu, Sichuan province, on July 23, bringing together ministers from the Asia-Pacific’s 21 economies as artificial intelligence emerges as a key…

Amap rolls out global Chinese-language ride-hailing services with overseas tourism authorities

Alibaba-backed mapping platform Amap is taking its homegrown ride-hailing experience global, launching a Chinese-language travel initiative across more than 1,000 overseas cities. [Photo provided to chinadaily.com.cn] Alibaba-backed mapping platform Amap is taking its homegrown ride-hailing experience global, launching a Chinese-language travel initiative across more than 1,000 overseas cities. The company — together with tourism authorities…

China unveils trial rules on serious credit violators to bolster financial risk oversight

As part of China’s efforts to strengthen credit-based financial regulation and guard against financial risks, the National Financial Regulatory Administration issued trial regulations on the management of the list of entities with serious credit violations. The rules will take effect on Oct 1. An official at the NFRA said China’s top financial regulator formulated these…

Shanghai ranks second among shipping centers

SHANGHAI — Shanghai has ranked second among leading international shipping centers, according to a report released on Friday. Surpassing London, Shanghai secured the second spot in the 2026 Xinhua-Baltic International Shipping Center Development Index, after Singapore, according to the report. It marks the city’s highest-ever ranking since the index was introduced in 2014. Jin Yu…

L’Oreal applies AI in key plant upgrade

French cosmetics group L’Oreal announced recently two major industrial upgrades: the inauguration of the UPX Phase II smart manufacturing workshop and the launch of an industrial water management project during the 30th anniversary celebration on June 11 of L’Oreal’s Suzhou Plant, the group’s largest manufacturing base by production capacity. The industrial water management project is…

Jilin power plant connects to grid

Northeast China’s first solar thermal power station marks a major leap forward in the country’s green energy transition, proving that clean power can be successfully scaled in extreme, severely cold climates, said industry experts. Commissioned by the end of June in Da’an, Jilin province, the 100-megawatt project by China General Nuclear Power Corp establishes a…

SK Hynix raises $26.5b in record US listing amid AI chip boom

South Korean memory chipmaker SK Hynix began trading on the Nasdaq after launching its new US listing on Friday, cashing in on the surging demand driven by the global buildout of artificial intelligence. The company priced its American depositary receipts at $149 apiece on Thursday, only to see them open at $170 on the Nasdaq…

EU heat driving sales of cooling devices

Overseas buyers look at different fans at a wholesale market in Yiwu, Zhejiang province. YANG MEIQING/FOR CHINA DAILY As persistent heatwaves sweep across Europe, Chinese manufacturers are rapidly ramping up exports of cooling appliances, underscoring the country’s ability to respond swiftly to shifting global demand through resilient supply chains, product innovation and flexible manufacturing. From…