China has begun full commercial operations at the world’s largest compressed air energy storage plant in East China’s Jiangsu province, marking a significant technical milestone in the country’s push to solve the intermittency challenges of its massive renewable energy build-out. The facility utilizes vast underground salt caverns to store energy. It officially became fully operational…
A visitor tries out a smartphone game during a high-tech expo in Shanghai in July. CHINA DAILY Artificial intelligence has dramatically increased the speed and volume at which games reach the market, according to a recent report released by mobile analytics firm AppsFlyer. AppsFlyer said that AI-enabled production coincided with a sharp increase in advertising…
Investor sentiment toward China’s capital markets remained broadly resilient toward the end of 2025, characterized by a clear divergence between rising optimism among retail investors and a shift toward prudence among financial professionals, according to a survey by the Cheung Kong Graduate School of Business. The latest investor sentiment survey released on Wednesday found that…
A staff member works in the data room of a supercomputing center in Gui’an New Area, Southwest China’s Guizhou province, Aug 29, 2024. [Photo/Xinhua] Guizhou’s latest government work report sets out an expanded role for digital and intelligent industries, linking long-term economic targets with concrete applications such as smart tourism systems already in use across…
Visitors buy Norwegian seafood during the eighth China International Import Expo in Shanghai on Nov 8. CHINA DAILY China’s post-1990s and post-2000s generations have become a significant force in transforming consumption during the Spring Festival holiday season, with products that are healthy, emotionally engaging and social media-friendly gaining prominence. Among these, salmon has emerged as…
China National Tire and Rubber Co Ltd, or CNRC, the controlling shareholder of Italian tire maker Pirelli, has submitted a proposal to address governance arrangements and potential regulatory concerns in the United States. The move followed an announcement last week by Camfin, Pirelli’s second-largest shareholder, that it would not renew its shareholder agreement with China’s…
Lujiazui district in Shanghai on Jan 14, 2025. [Photo/Xinhua] Concerted efforts should be made by regulators, financial service providers and retailers to promote more consumption, attendees at Shanghai’s second Lujiazui Finance Salon heard on Wednesday. Hu Haozhong, executive vice-president of the card payment giant China UnionPay, said that integrated efforts from various parties are now…
A worker loads harvested coconuts onto a vehicle at a plantation in Bantul regency, Yogyakarta, Indonesia, Sept 30, 2025. [Photo/Xinhua] HAIKOU – According to Haikou Customs, South China’s Hainan province imported 592,000 tons of coconuts through its ports in 2025, up 17.3 percent year-on-year, ranking first in imports of the tropical fruit among other provinces…
The Vanke company logo on display on a building in Minhang district, Shanghai, on Jan 23, 2026. [Photo/VCG] China Vanke Co Ltd, one of the country’s largest property developers, announced on Tuesday night that it had secured fresh credit support from its largest shareholder, Shenzhen Metro, with a loan facility worth up to 2.36 billion…
BEIJING – Outbound investment by Chinese companies grew steadily in 2025, with nearly 80 percent of surveyed firms maintaining or expanding their investments abroad, according to a report by the China Council for the Promotion of International Trade. Covering over 1,200 Chinese companies engaged in outbound investment, the survey reveals that nearly 90 percent are…