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Standard Chartered opens private center for wealth management in Shenzhen

The Standard Chartered area at the eighth CIIE in Shanghai, on Nov 7, 2025. [Photo/VCG] Standard Chartered China opened a priority private center in its Shenzhen Bay subbranch on Wednesday to support the high-quality development of China’s wealth management sector. The move followed the establishment of priority private centers, which are dedicated to providing custom-made…

VW delivers China-dedicated electronic architecture

Volkswagen AG said on Wednesday that it had delivered the China Electronic Architecture in late 2025 as scheduled, marking a significant step in its local vehicle development capabilities in the world’s largest automotive market. “In just 18 months, we have for the first time built a completely new, scalable electronic architecture from development all the…

Sino-ASEAN ties seen as key to forging inclusive AI

ASEAN economies are seeking to cooperate to shape a future for artificial intelligence that is inclusive, skills-driven and ethically grounded, said industry experts at a major international forum recently. That push for a stronger Global South voice in AI governance took center stage at the 2026 China-ASEAN AI Capacity-Building Training Program and High-Level Seminar on…

Chinese AI chips gain huge traction in market

In the wake of the United States’ export controls on advanced chips, China’s push for self-sufficiency in artificial intelligence processors is gaining remarkable momentum, with at least nine domestic chip companies having surpassed a significant threshold of 10,000 units in terms of order shipments, according to experts and executives. This 10,000-chip club signals that domestic…

China, Sri Lanka to set up renminbi clearing arrangements

The People’s Bank of China has recently signed a memorandum of cooperation with the Central Bank of Sri Lanka to establish renminbi clearing arrangements in Sri Lanka, said a statement released by China’s central bank on Wednesday. The establishment of renminbi clearing arrangements will facilitate the use of the Chinese renminbi in cross-border transactions by…

China’s cultural sector grows 7.4% in 2025, showing strong resilience

Inbound tourists watch a lion dance performance in Shanghai, East China, Jan 8, 2025. [Photo/Xinhua] BEIJING – China’s cultural industry maintained steady growth in 2025, demonstrating strong resilience and vitality, data from the National Bureau of Statistics showed on Friday. The combined operating revenue of major cultural companies amounted to nearly 15.21 trillion yuan ($2.18…

China to improve consumption tracking with strengthened statistics work

A drone photo taken on Dec 10, 2025 shows a scene of the 21st Changsha International Automobile Expo in Changsha, Central China’s Hunan province. [Photo/Xinhua] BEIJING – China will improve its tracking of consumption market dynamics amid efforts to foster a robust domestic market, according to a national statistics conference which concluded on Thursday. At…