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Falling green energy costs to propel growth

China’s wind and solar power generation costs are projected to drop by more than 20 percent over the next decade, maintaining a steady downward trajectory that will fundamentally reshape the nation’s energy landscape, according to a report released on Friday by the State Grid Energy Research Institute. The China New Energy Power Generation Analysis Report…

City pilots enhanced eldercare services

For many adults, the prospect of disability or dementia raises an increasingly troubling question the more they age: who will manage their money and ensure it is used according to their wishes if they can no longer make sound decisions themselves? To address this challenge, Shanghai has launched a pilot program that combines advanced guardianship…

Amber company eyes Chinese market

The Kaliningrad Amber Combine, the flagship of the Russian amber industry, plans to vigorously expand its presence in the Chinese market, with the core objective of “making Chinese consumers fall in love with Baltic amber”, said Mikhail Zatsepin, general director of the company. “We are well aware of the strong interest Chinese consumers have in…

SpaceX lifts off in record Wall Street debut

Founder, CEO, Chairman, and Chief Engineer of SpaceX, Elon Musk, speaks via videolink on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite in New York City, U.S., June 12, 2026. [REUTERS/Brendan McDermid] NEW YORK — Elon Musk’s SpaceX began its first day as a public company on Wall Street on Friday…

Engine of progress

China’s first Airbus, an A310, sits in a hangar after its 1985 delivery to the Shanghai regional branch of the Civil Aviation Administration of China. [Photo provided to China Daily] In 1985, an Airbus A310, registered B-2301, was delivered to the Shanghai regional branch of the Civil Aviation Administration of China — now China Eastern…

2026 Lujiazui Forum to focus on global governance and financial cooperation

The 2026 Lujiazui Forum, the annual financial industrial gathering, will be held in Shanghai from June 17 to 18, officials said during a municipal news conference on Friday. Ding Xiangqun, minister of the National Financial Regulatory Administration, will attend the forum’s opening ceremony and deliver a keynote speech. Over 70 guests from China’s central financial…

International fair in Shanghai sees launch of latest innovations and technologies

The China (Shanghai) International Technology Fair, which opened on Thursday, has become an ideal platform for debuting the latest innovations and technologies, creating business opportunities, and promoting industry cooperation both at home and abroad. As a regular participant at the fair, Shanghai-based iSage is taking part in the event this year with its exhibition area…

Bosch doubles down on China as innovation hub while advancing robotics ambitions

Bosch executives discuss innovation in China. [Photo provided to chinadaily.com.cn] Bosch is deepening its commitment to China as both a key market and an increasingly important innovation hub, while accelerating its push into robotics and automation technologies, company executives said at their 2026 Bosch Connected World conference in Berlin. Stefan Hartung, chairman of the board…

China to create more opportunities for Asia-Pacific and world

China will redouble its efforts to advance high-standard opening-up to create broader opportunities for the Asia-Pacific and the world amid a global landscape marked by rising uncertainties, according to a senior Chinese official. “The Asia-Pacific stands out as one of the most dynamic and fastest-growing region in the world, powered by tech breakthroughs and digital…

Industrial production up by 0.1% in both the euro area and the EU

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