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CSSC to boost shipbuilding clout with a mega merger

A drone image shows a CSSC shipbuilding site at a yard in Qingdao, Shandong province, in May. YU FANGPING/FOR CHINA DAILY The long-anticipated share-swap merger between China CSSC Holdings Ltd (CSSC) and China Shipbuilding Industry Co (CSIC) will make CSSC the world’s largest listed shipbuilder by assets and revenue, said market watchers on Monday. CSSC and…

EBL system marks leap in quantum technology

China’s first commercial electron beam lithography system (EBL), “Xi Zhi”, developed by Zhejiang University, has entered application testing, matching international precision standards and marking significant progress in domestic quantum chip research and development. At the university’s Yuhang institute for quantum innovation, the research team is rigorously testing the large, cabinet-like machine. “This isn’t an ordinary…

Trade in services to help drive further growth

A view of a Kuaishou cross-border livestreamer at the seventh China International Import Expo in Shanghai in November 2024. [Photo/Xinhua] The sustained expansion of China’s trade in services will remain a key driver of the country’s broader economic growth and has emerged as a new magnet for foreign investment, said market observers and business executives.…

Experts say more policy stimulus may be needed

The financial district of Pudong New Area. [Photo by Gao Erqiang/China Daily] Additional policy stimulus may be needed later this year to reinforce the growth momentum of the Chinese economy and support employment, as July data pointed to renewed downward pressures, economists and analysts said. While extreme weather weighed on overall economic activity last month,…

Unilever’s food factory and logistics center in Guangzhou goes into operation

British consumer goods giant Unilever announced on Friday that its food factory and logistics center in Guangzhou, Guangdong province, went into operation. The move signifies a milestone in its synergized development of smart manufacturing and supply chain in China, it said in a statement. The plant, in Guangzhou’s Conghua district, is Unilever’s first full-range food…

Asylum applications up to 54 780 in May 2025

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Volkswagen, Xpeng expand CEA platform to ICE & hybrid models in China

Volkswagen Group China and XPeng announced on Friday that their jointly developed zonal electrical/electronic architecture, the China Electronic Architecture (CEA), will see broader adoption. Starting in 2027, the CEA will be deployed not only in locally developed Volkswagen-brand pure electric vehicles but also extended to combustion engine and hybrid models produced in China. Equipped with…

China’s home price decline narrows in July

People visit the sales office of a commercial housing complex outside Beijing’s Fifth Ring Road on Saturday. JIA TIANYONG/CHINA NEWS SERVICE BEIJING — The decline in the prices of commercial residential homes in China’s 70 large and medium-sized cities continued to narrow on a year-on-year basis in July, official data showed on Friday. In the…