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China’s output of humanoid robot to exceed 100,000 this year: senior official

Humanoid robots are tested at the Beijing Innovation Center of Humanoid Robotics in the Beijing Economic-Technological Development Area on June 12. [HE GUANXIN/FOR CHINA DAILY] SHANGHAI — China’s humanoid robot output is expected to exceed 100,000 units this year, said Gan Xiaobin, deputy director of the department of science and technology under the Ministry of…

PBOC extends gold-buying streak to 20 months with biggest increase in current cycle

The People’s Bank of China, the country’s central bank, extended its gold-buying streak to 20 months in June, recording its largest monthly increase in the current accumulation cycle as bullion prices retreated from earlier highs. According to central bank data released on Tuesday, the PBOC added 480,000 ounces to China’s official gold reserves last month…

Services production up by 0.7% in the euro area and by 0.3% in the EU

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Infineon steps up push to tap into AI opportunities in China

David Poon, president of Infineon Greater China Region. [Photo provided to chinadaily.com.cn] German semiconductor giant Infineon Technologies AG is doubling down on its push to capture artificial intelligence-driven opportunities in China, as the country sees explosive growth in emerging industries such as robots, AI data centers and software-defined vehicles. The Munich-based chipmaker reported full-year 2025…

UN-promoted global AI network established in Geneva

The Global Network of Centers for Exchange and Cooperation on AI Capacity Building is established in Geneva. [Photo provided to China Daily] A United Nations-promoted global network aimed at strengthening artificial intelligence capacity building and bridging the AI gap was established in Geneva on Sunday. The Global Network of Centers for Exchange and Cooperation on…

China’s manufacturing increasingly defining the global benchmark

China’s manufacturing sector is increasingly defining the global benchmark for industrial speed, scale and technology adoption, and is reshaping how advanced factories are built globally, Joerg Gnamm, head of global manufacturing at Bain & Company, said. Speaking in an exclusive interview with China Daily at the sidelines of the Summer Davos, Gnamm said China’s industrial…

World Bank report says Chinese economic growth remains resilient

BEIJING — The World Bank on Tuesday released its latest China Economic Update in Beijing, saying that China’s economic growth has remained resilient despite supply-demand imbalances and global energy supply disruptions. The report noted that China’s economy was supported by strong high-tech investment and exports in early 2026, adding that policy support, high-tech investment and…

Summer peak: 31% of tourism nights in August and July

In 2025, 31.1% of all overnight stays in tourist accommodations across the EU took place during the 2 busiest months; in all EU countries these were August and July. The seasonality of tourism is driven by environmental factors, such as climate conditions and geographical location, together with social and cultural influences, such as school holidays.…

Embodied AI sector posts robust growth

A visitor interacts with a humanoid robot during the Digital Economy Industry Expo in Beijing on Thursday. CHEN XIAOGEN/FOR CHINA DAILY China’s embodied artificial intelligence industry registered robust growth and showcased multiple positive trends in the first five months of this year, according to the latest data from the State Taxation Administration. The surge aligns…