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China’s CPI up 1.0% in June

Customers shop for fruit at a supermarket in Handan, North China’s Hebei province, June 10, 2026. [Photo/Xinhua] BEIJING – China’s consumer price index (CPI), a main gauge of inflation, rose 1.0 percent year-on-year in June, official data showed Thursday.The core CPI, which excludes food and energy prices, also increased 1.0 percent year-on-year, according to the…

MetaX scales production to meet rising AI chip demand

Sun Guoliang (left), senior vice-president of MetaX, demonstrated the company’s flagship products to visitors on Wednesday. [Photo by Shi Jing/chinadaily.com.cn] Chinese GPU maker MetaX Integrated Circuits is racing to scale production as “domestic AI computing demand far exceeds supply”, with customer orders already stretching well into next year, said the company’s co-founder and chief technology officer…

Operations begin on upgraded Unit 1 of Ilha Solteira Hydropower Project

The technical upgrade of Unit 1 at the Ilha Solteira Hydropower Project, operated by China Three Gorges Corporation in Brazil, was recently completed and officially began commercial operation. The milestone marks the successful completion of the first unit within the third batch of technical upgrades for CTG Brazil’s large-scale hydropower projects. The successful commissioning and…

‘Shanghai took the lead’: Lightelligence founder bets on optical computing for AI era

Shen Yichen, founder of Shanghai-based optical computing firm Lightelligence, introduced the company’s history during a briefing on Wednesday. [Photo by Shi Jing/chinadaily.com.cn] Silicon photonic chips will account for more than 30 percent of chips in computing centers within five years, up from less than 3 percent at present, according to Shen Yichen, founder of Shanghai-based…

China to accelerate innovative development of retail industry

BEIJING – Chinese authorities have issued a guideline to accelerate the innovative development of the retail industry, aiming to establish a modern retail system and cultivate a number of globally competitive retail enterprises by 2030. The guideline, released by multiple government departments including the Ministry of Commerce, outlines key tasks ranging from system planning for…

UK consul general urges British youth to learn Chinese, build bilateral ties

British Consul General in Shanghai Matthew John Burney encourages British teenagers to experience diverse cultures, enhance their global competence, deepen bilateral ties, and build a friendly British-Chinese future together. [Photo provided to chinadaily.com.cn] More than 1 million Chinese students have obtained degrees in the United Kingdom, but the UK also needs more of its own…

China to accelerate innovative development of retail industry

BEIJING – Chinese authorities have issued a guideline to accelerate the innovative development of the retail industry, aiming to establish a modern retail system and cultivate a number of globally competitive retail enterprises by 2030. The guideline, released by multiple government departments including the Ministry of Commerce, outlines key tasks ranging from system planning for…

Frontline insights on China’s tech innovation push

A robot serves coffee in the exhibition hall of the National Pilot Base for Embodied AI Applications in Hangzhou, east China’s Zhejiang Province, May 29, 2026. [Photo/Xinhua] Editor’s note: The State Council Information Office invited five frontline representatives from the industrial and information technology sectors on Wednesday to share their firsthand experiences in tackling core…

Institutional innovation key to biomedical R&D

Researchers from Junying Yuan’s team perform experiments at the cell biology laboratory of the Interdisciplinary Research Center on Biology and Chemistry, Chinese Academy of Sciences, in Shanghai on Monday. GUO YALI/CHINA DAILY China is actively exploring innovative approaches to organizing biomedical research, betting that institutional reforms can help close one of the industry’s most persistent…

Fresh options for Chinese investment

Electric vehicles are displayed in front of a BYD 4S dealership in Canberra, Australia, on April 8, 2026. [Photo/Xinhua] Chinese firms are entering a new phase of global expansion, shifting from exporting products to building overseas supply chains and expanding capabilities, reflecting a more mature and diversified global strategy, industry experts said. Ning Loh, managing…