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Chinese aerospace firm unveils massive space computing plan

A Chinese commercial aerospace company has unveiled a roadmap for a massive 2,800-satellite space computing network, following the world’s first successful orbital deployment of a general-purpose large language model. The “Star-Compute” plan, spearheaded by Chengdu ADAspace Technology Co, Ltd that specializes in building space-based AI computing infrastructure, aims to build an integrated space-based processing web…

Tourism contributes over one third of Hainan’s GDP

Foreign tourists have fun at the Dadonghai scenic area in Sanya, South China’s Hainan province, on Jan 11, 2026. [Photo/Xinhua] HAIKOU – Hainan’s tourism industry has significantly raised its international profile during the last five years, contributing 33.4 percent to the province’s GDP, according to the annual session of the Hainan Provincial People’s Congress. The…

Anta to buy 29% stake in Puma

A view of an Anta store in Nanjing, Jiangsu province. FANG DONGXU/FOR CHINA DAILY Anta Sports Products Ltd announced on Tuesday that it has entered into a definitive agreement to acquire a 29.06 percent stake in Puma SE, a global sportswear brand, from Groupe Artemis, the investment firm of the Pinault family. Valued at 1.5…

Latest AML rules to lift security

China’s latest rules on anti-money laundering (AML) special preventive measures mark a key milestone in safeguarding national and financial security, while further aligning the country’s regulatory framework with advanced international standards to strengthen cross-border enforcement, experts said. Compared with routine anti-money laundering supervision, they stressed that the special measures will play a forceful, indispensable role…

China Daily Website – Connecting China Connecting the World

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Big advances forecast for smart growth

An aerial drone photo taken on July 4, 2025 shows wind turbines in Longli county, Southwest China’s Guizhou province. [Photo/Xinhua] China’s industrial base is undergoing a shift toward greener, more digital and more diversified development, a transformation that is creating fresh investment opportunities for global capital as the country steps up its two-way opening-up efforts.…

China’s tech SMEs receive more credit support in 2025

A visitor walks past robots displayed at a humanoid robot innovation center in Wuhan East Lake High-tech Development Zone, also known as the optics valley of China, in Wuhan, Central China’s Hubei province, Dec 4, 2025. [Photo/Xinhua] BEIJING – China’s tech-oriented small and medium-sized enterprises (SMEs) saw improved access to credit by the end of…

Report: Overseas expansion a growth necessity

Going global is no longer an option for Chinese enterprises but has become a necessity for their growth and development, according to a recent report. Industry experts believe that global expansion will be one of the most important investment themes for Chinese companies over the coming decade. Amid adjustments in the global economic landscape, overseas…

Standard Chartered optimistic about China’s economy

A drone photo taken on Jan 2, 2026 shows a view of a terminal of a subsidiary of Tianjin Port Holdings Co Ltd at Tianjin Port in North China’s Tianjin. [Photo/Xinhua] Having seen the resilience, vitality and transformation of China’s economy, Standard Chartered is optimistic about the country’s economic prospects and its market potential, said…

Xinjiang sees steady growth in 2021-25

Tourists buy souvenirs at a shop near a scenic spot in Xinjiang. SUN ZHENSONG/FOR CHINA DAILY The economy of Northwest China’s Xinjiang Uygur autonomous region expanded at a steady clip during the 14th Five-Year Plan period (2021-25), with fixed-asset investment and foreign trade growth among the highest in the country, officials said. According to a…