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IMF reports China’s economy promising

The International Monetary Fund’s World Economic Outlook update, which was released on Wednesday, projected global growth at 3 percent this year, down from an average of 3.5 percent between 2024 and 2025, with a few economies, including China, emerging as bright spots. The negative impact of the United States and Israel’s war with Iran on…

Out-licensing ‘should be means to an end’, not final goal

Mabwell, the first Chinese biotech company to complete an A-to-H share listing under Hong Kong’s Chapter 18A biotech regime, believes out-licensing deals should be viewed primarily as a financing tool rather than the ultimate objective for China’s innovative drugmakers, Chairman and CEO Liu Datao told China Daily.  His comments come as Chinese biotech firms increasingly…

Energy use for cooling in EU households doubled in 6 years

As the days grow hotter, air conditioning is playing a larger role in how people cope with the heat. In EU households, energy consumption for cooling has steadily increased, reaching 80.4 thousand terajoules (TJ) in 2024. In 2018, EU households used 40.5 thousand TJ for space cooling, meaning that by 2024, total final energy consumption…

China’s industry regulator flags ‘backdoor’ risk in Claude Code

China’s industry regulator has flagged security risks in Claude Code, an artificial intelligence programming tool developed by US startup Anthropic, warning that certain versions could expose sensitive user information through unauthorized data transmission. The Ministry of Industry and Information Technology’s Network Security Threat and Vulnerability Information Sharing Platform said on Wednesday that it had detected…

Guangdong, ASEAN to discuss industrial complementarity at supply chain forum

A cargo ship docked at the Nansha Port and carried out container hoisting operations in Guangzhou, Guangdong province, on June 7, 2026. [Photo/VCG] A Guangzhou news conference on Wednesday promoted the upcoming 2026 ASEAN-China (Guangdong) Trade Promotion and Supply Chain Cooperation Mechanism Exchange Conference, with officials outlining the industrial complementarity between Guangdong and ASEAN as…

Shanghai to further open key scientific research facilities to companies

In the first half of 2026, operating hours at the Shanghai Synchrotron Radiation Facility increased 16 percent year-on-year. [Photo by Li Jing/chinadaily.com.cn] Shanghai is stepping up efforts to open its network of major scientific research facilities to companies as China seeks to strengthen basic research and accelerate the commercialization of advanced technologies. The city has…

Shanghai to further open key scientific research facilities to companies

In the first half of 2026, operating hours at the Shanghai Synchrotron Radiation Facility increased 16 percent year-on-year. [Photo by Li Jing/chinadaily.com.cn] Shanghai is stepping up efforts to open its network of major scientific research facilities to companies as China seeks to strengthen basic research and accelerate the commercialization of advanced technologies. The city has…

China calls for fair, inclusive AI governance at UN Global Dialogue

China called for upholding fairness, inclusivity, and collaborative governance in artificial intelligence as the first UN Global Dialogue on AI Governance kicked off in Geneva on Monday, with Beijing pledging concrete actions to bridge the digital divide and support Global South countries in the AI era. Leading the Chinese delegation, Li Lecheng, China’s minister of…