Chinese railway operators have intensified moves to transport more thermal coal by trains to safeguard coal inventories at power plants. As demand for thermal coal continues to rise this winter, coal transport is becoming more urgent. Staff members of Wan’an Station of Jiexiu Traffic Section in Shanxi province have precisely formulated shunting operation plans and…
BEIJING — Chinese local authorities have allocated 2.05 billion yuan (about $295.23 million) in funds to directly benefit the public through the distribution of consumption vouchers, subsidies, and cash envelopes during the nine-day Spring Festival holiday, an official said on Wednesday. The move is part of a consumption promotion campaign during the Spring Festival holiday.…
Chinese authorities are extending tax breaks for returned cross-border e-commerce export goods, a move underscoring the country’s ongoing efforts to reduce costs for e-commerce businesses and support the growth of new foreign trade models. The announcement, jointly issued by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration, said that…
The booth of Muxi Co Ltd at the 2025 World Artificial Intelligence Conference in Shanghai on July 29. CHINA DAILY A wave of initial public offerings is sweeping China’s graphics processing unit, or GPU sector, marking a critical phase in the nation’s push for self-reliance in advanced computing power. On Jan 22, Shanghai-based Enflame Technology’s…
China has the ability to halt the decline in fixed-asset investment and push for a gradual stabilization in 2026, but it will hinge on restoring private-sector confidence and aligning investment policy more closely with structural reforms, leading economists said. The recent slowdown in investment reflects a long-term downward adjustment in the savings rate, medium-term structural…
Ahead of the 2026 Spring Festival, the Year of the Horse, two Egyptian students in Tianjin set out to explore the city’s most iconic Spring Festival tradition-making and eating vegetarian dumplings. Joined by friends, they discovered the food culture rooted in Tianjin’s 600 years of canal-transportation history. Walking through the city’s old streets and alleys,…
SHANGHAI — China’s robots are poised to command the spotlight this Chinese New Year season. Kicking off the festivities, AgiBot deployed over 200 humanoid robots across various models at a trailblazing live gala. The Sunday night event showcased a diverse lineup ranging from synchronized dances and comedy skits to magic acts and traditional martial arts,…
The optimized refinancing measures recently unveiled by three major Chinese stock exchanges will help direct resources more precisely to quality companies and better nurture technological innovation, said experts and market mavens. For quality companies with high market recognition and competitiveness, revision of their refinancing requests will be streamlined, especially regarding their operation, corporate governance and…
A technician inspects semiconductor chip packaging in Binzhou, Shandong province, on Jan 28. GUO ZHIHUA/FOR CHINA DAILY China’s semiconductor supply chain companies are making steady progress in core technologies and materials as US-led export controls and the possibility of more restrictions on advanced chip-making equipment catalyze the country’s drive for greater self-sufficiency. For instance, there…
Shoppers buy imported cherries at a supermarket in Shanghai. CHINA DAILY With the Year of the Horse just around the corner, people in Shanghai are busy stocking up on nianhuo, or New Year’s goods, that families traditionally prepare ahead of Spring Festival — including foodstuffs, clothing, home decor, and gifts for relatives and friends. Instead…