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China and US ‘addressing concerns’ through trade mechanism

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China and the United States have maintained “close communication at various levels” through their economic and trade consultation mechanism, exchanging views in a timely manner and addressing each other’s concerns, the Ministry of Commerce said on Thursday. He Yadong, spokesman for the ministry, made the remarks at a news conference in Beijing in response to…

China to invest 5 trillion yuan in power grid over next 5 years

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Construction workers from Jiangsu Power Transmission and Transformation Co install conductors at a 500-kilovolt line project site in Nanjing, Jiangsu province, on Wednesday. SHI JUN/FOR CHINA DAILY China is set to pour a record-high 5 trillion yuan ($722 billion) into its power grid over the next five years, a massive investment in new infrastructure designed…

Traded electricity hits new record

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A 5G-enabled intelligent robot conducts an inspection of electrical equipment alongside maintenance workers at a substation in Chuzhou, Anhui province, on Jan 20. SONG WEIXING/FOR CHINA DAILY China’s electricity market reached a new milestone in 2025, with traded power volume surging to a record 6.64 trillion kilowatt-hours, as the nation accelerates its transition toward market-driven…

ByteDance launch of next-gen AI video model boosts Chinese tech stocks

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A logo of ByteDance’s artificial intelligence tool Dreamina and a poster of its video model Seedance 2.0 are displayed on a cellphone on Feb 9, 2026. [Photo/VCG] TikTok-owner ByteDance launched a pre-release version of its next-generation artificial intelligence video model, Seedance 2.0, on Sunday — a move that boosted shares in several Chinese technology and…