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China’s Leapmotor hits 1-million production milestone

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Leapmotor founder and CEO Zhu Jiangming speaks as the company’s one-millionth car rolls out the production line on Sept 25, 2025. [Photo provided to chinadaily.com.cn] Leapmotor, one of China’s fast-rising NEV makers, has rolled out its one-millionth car, becoming the country’s second startup to reach the milestone and underscoring the rapid scale-up reshaping the industry.…

Alibaba, Nvidia team up for Physical AI

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Visitors play Five-in-a-Row with smart robots during the Apsara Conference 2025 in Hangzhou, Zhejiang province, on Tuesday. LI ZHONG/FOR CHINA DAILY Chinese tech heavyweight Alibaba Group Holding Ltd has announced a partnership with US tech firm Nvidia in Physical AI, and vowed to increase investments in artificial intelligence infrastructure and capabilities. This comes as the Chinese…

Local govts nudge homebuyers with incentives

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An employee (left) talks about an under-construction real estate project to a visitor in Chongqing on Sept 16. SUN KAIFANG/FOR CHINA DAILY As China’s property market enters its traditional high season in September and October, local governments are rolling out a series of measures to stimulate home sales and reinforce the sector’s stabilizing trajectory, analysts said.…

Aerospace firm to double launch pads

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This photo taken on Nov 30, 2024 shows a view of the Hainan Commercial Spacecraft Launch Site in Wenchang, South China’s Hainan province. [Photo/Xinhua] Hainan International Commercial Aerospace Launch Co said it will double its number of launch pads and push forward rocket-recovery technology, marking a major step in China’s bid to build a globally…

China won’t seek special treatment in WTO pacts

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Premier Li Qiang (5th from left) addresses a high-level meeting on the Global Development Initiative held by China on Tuesday at the United Nations headquarters in New York, the United States. [Photo/Xinhua] As a responsible major developing country, China will not seek new special and differential treatment in current and future negotiations at the World…

Investor confidence up in Q3

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Investor confidence in China strengthened in the third quarter, driven by a rebound in A shares and steady growth of Chinese technology firms, a survey by Cheung Kong Graduate School of Business showed. The poll launched in July, which surveyed around 1,300 investors and 800 financial professionals, found investor sentiment had improved, with 63.1 percent…

Hainan to expand benefits provided to businesses under zero-tariff policies

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The benefits provided to businesses under zero-tariff policies will be expanded after the Hainan Free Trade Port launches the island-wide special customs operations on Dec 18. Zhou Zheng, deputy director of the Hainan Provincial Department of Finance, said on Monday, “Following the special customs operations, the ‘zero-tariff’ rate will jump from just over 20 percent…

Alibaba partners with Nvidia to advance physical AI

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Chinese tech heavyweight, Alibaba Group Holding Ltd, announced a partnership with US tech firm Nvidia on Wednesday, joining forces in the field of physical AI, as part of a broader push to bolster its technological advancements in AI. Physical AI refers to the integration of AI into autonomous systems, enabling them to perceive, understand, and…

China all set to safeguard trade interests

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China has initiated an anti-dumping probe into pecans imported from the United States and Mexico, and has also launched a separate investigation into Mexico’s restrictive measures against the nation. These moves signal Beijing’s determination to safeguard its national interests and global trading system, analysts said. This follows a proposal by Mexico to increase tariffs on…