A drone photo shows ships under construction at a shipbuilding base in Lianyungang, East China’s Jiangsu province, Feb 2, 2026. China’s shipbuilding industry maintained the world’s largest market share in terms of three major indicators for the 16th consecutive year in 2025, according to data released by the Ministry of Industry and Information Technology on…
China has rolled out a prize invoice pilot program across about 50 cities, marking the first national-level push to revive the initiative in 36 years as Beijing seeks to stimulate consumer demand and strengthen economic momentum. The pilot, launched by the Ministry of Finance, the Ministry of Commerce and the State Taxation Administration last month,…
For Huang Xiaozhen, the future of artificial intelligence isn’t about computing power or algorithmic scale, but about something far more ordinary: the quiet click of a light switch. As head of business-to-business operations at MiniMax Group Inc, a rising Chinese AI unicorn, Huang sees the current wave of innovation less as a technological leap than…
In 2025, 52.7% of EU enterprises used paid cloud computing services (i.e. online services used to access software, computing power, storage capacity, etc.), marking a 7.4 percentage point (pp) increase compared with 2023. A more substantial increase was registered compared with 2014, when 17.8% of enterprises used paid cloud services. The highest shares of enterprises…
BEIJING — China’s State Taxation Administration (STA) said Sunday it has released an announcement to adjust and improve export tax rebate management regulations to make declaration and handling processes more convenient and efficient. The announcement integrates various export tax rebate and exemption regulations issued at different times into a unified set of administrative measures. It…
Nanshan district in Shenzhen, Guangdong province, is showing how technological innovation can lead to economic growth and turn it into a sustainable driver of development, even with limited resources. Li Xiaoning, head of the district, recently announced that it had surpassed the 1 trillion yuan ($143.7 billion) GDP benchmark for the first time last year…
How can a cherry from the Southern Hemisphere reach Chinese diners’ table in just 23 days? The magic is in the bustling trans-Pacific cold chain! Since the beginning of the 2025-2026 season, direct voyages from Chile have doubled, turning cherries from a luxury into a daily treat for Chinese families, even in lower-tier markets. This…
British Prime Minister Keir Starmer buys a box of biscuits on a visit to Yuyuan Garden in Shanghai on Friday. Kin Cheung / AP Recent visits to China by top European leaders indicate that the country’s rapid development and expanding innovation capabilities will serve as a key engine for deeper economic cooperation and new business…
A child interacts with a robot designed for electronic companion during the World Smart Industry Expo 2025 in Chongqing on Sept 6. HE PENGLEI/CHINA NEWS SERVICE In the morning, the microwave oven recognizes what’s inside, recommends a recipe and fine-tunes the cooking time automatically. Step outside, directions are no longer confined to a phone screen…
Visitors learn about a new energy vehicle at Xiaomi’s automobile factory in Beijing, capital of China, June 16, 2025. [Photo/Xinhua] A recent media report alleging early-stage partnership discussions between US automaker Ford Motor Company and Chinese tech company Xiaomi has been denied by the latter. Meanwhile, Xiaomi’s CEO and chairman Lei Jun has outlined ambitious…