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China’s valuable experience in sustainable economic development featuring green technological innovations can help other developing countries better balance economic growth and protect ecosystems, thereby contributing more to global environmental protection efforts, said experts and officials. They made the remarks at a recent seminar hosted by the China-WBG Global Center for Ecological Systems and Transitions, a…
Cainiao, the logistics arm of Chinese tech heavyweight Alibaba Group, announced on Monday that it has established a cross-border logistics network among six Gulf countries in the Middle East, with the shortest delivery time being three days. The move marks a significant breakthrough in Cainiao’s logistics capability to different countries, and a landmark in Chinese…
Technicians check a V2G charging pile in Beijing in December. WANG ZIRU/CHINA NEWS SERVICE China’s recent pilot projects to use electric vehicles as batteries to shore up power supply on the grid during spikes in demand are expected to create significant opportunities for the sector, said industry experts and company executives. The National Development and Reform…
Employees test products at a laboratory of Genertec Guoce Time Grating Technology Co Ltd in Chongqing in July. HUANG WEI/XINHUA Genertec Guoce Time Grating Technology Co Ltd, a Chongqing-based innovation-driven enterprise, is intensifying efforts to address growing demand for ultra-precise displacement measurement in high-end equipment. Since its establishment a few years ago, the company has benefited…
As Middle East tensions intensify, Michael Ricafort, chief economist at Manila-based Rizal Commercial Banking Corp, told China Daily that investors are closely monitoring the possibility of Iranian retaliation — a move that could disrupt oil shipments through the Strait of Hormuz. He observed that oil prices have stayed stable despite the recent escalation, but are…
From manufacturing to internet technology, and consumer goods to financial services, Chinese firms in various sectors are looking to expand their presence, as well as attaching more importance to brand building, in overseas markets. Given fierce competition and limited brand awareness in overseas markets, more Chinese brands prefer to enhance their brand influence and conversion…
The aircraft of Camex Airlines is being towed into the hangar at Urumqi Tianshan International Airport in Xinjiang Uygur autonomous region, commencing its C periodic bonded maintenance. [Photo provided to chinadaily.com.cn] With the acceleration of the construction of China (Xinjiang) Free Trade Zone, aircraft bonded maintenance is becoming a new engine for the development of…
I drank a bus’s “exhaust”—and guess what…It was not part of a daredevil challenge show. It’s a real snapshot of China’s clean energy revolution. In Zhangjiagang, Suzhou, Jiangsu province, one in every 10 city buses runs on hydrogen. It breathes in hydrogen and exhales pure water. Zero pollution. Zero emissions. Behind that single drop of…
MiniMax is one of China’s leading AI startups located in Shanghai’s Xuhui district. [Photo by Li Junfeng/chinadaily.com.cn] Shanghai-based AI company MiniMax recently launched its large-scale open-source reasoning model MiniMax-M1, claiming performance on par with top players with competitive cost efficiency. MiniMax-M1 boasts the world’s first open-source, large-scale, hybrid-attention reasoning model, outperforming all Chinese closed-source models…