Visitors look at a virtual power plant management system at the 13th Energy Storage International Conference and Expo in Beijing in April. DU JIANPO/FOR CHINA DAILY Artificial intelligence applications across the entire green energy value chain are playing a pivotal role in advancing green energy transition, companies and experts said. “Dancing with the Wind” is…
China is making big strides in promoting green development of the global shipping industry, but closer international collaboration is needed to ensure the effectiveness of such a transformation, experts said. Chinese shipbuilder Nantong CIMC Sinopacific Offshore and Engineering Co Ltd, or CIMC SOE, inked a deal with Norwegian company Amon Gas recently for the construction…
China has unveiled detailed guidance on a new tax credit policy aimed at encouraging foreign investors to reinvest their profits in the country, as it steps up efforts to stabilize foreign capital inflows and boost long-term investment amid rising global economic uncertainties. The State Taxation Administration released a new notice clarifying how foreign investors can…
A view of Envision Group’s plant in Chifeng, Inner Mongolia autonomous region. CHINA DAILY The application of green hydrogen-ammonia is facilitating transformation of the renewable energy sector, advancing carbon reduction goals and strengthening global green supply chains, while policy backing remains essential to accelerate its commercialization, industry insiders said. The first phase (320,000 metric tons…
Apollo Go, Baidu’s autonomous ride-hailing unit, announced a strategic partnership with Lyft, a global mobility platform, on Monday, marking a significant step in the Chinese tech giant’s international expansion. According to the statement, Apollo Go will launch autonomous ride-hailing services in Europe via Lyft’s vast transportation networks by 2026. Using its sixth-generation autonomous vehicles, the…
The world’s first cargo flight to an offshore oil platform, conducted by a domestically developed 2-metric-ton electric vertical takeoff and landing (eVTOL) aircraft, demonstrates the immense potential of integrating low-altitude aviation with ocean-based industries, as well as the value of heavy-load eVTOLs in long-distance missions, experts said. To accelerate the application of eVTOLs in marine…
McDonald’s China opens a new restaurant in Beijing in July. [Photo provided to chinadaily.com.cn] McDonald’s China’s plan to open 1,000 new stores annually and reach as many as 10,000 locations by 2028 is on track, boosted by innovation and localization, according to its top executive. The food service chain unveiled a report recently to mark…
The benchmark Shanghai Composite Index gained 0.96 percent to close at 3617.60 points on Tuesday. CHINA DAILY Rising interest in Chinese assets both at home and abroad reflects investor confidence in the development of emerging industries and ongoing capital market reforms, said experts. The benchmark Shanghai Composite Index gained 0.96 percent to close at 3617.60…
China’s childcare subsidy, set at a standard 3,600 yuan ($501) per year for each child under the age of three, is expected to provide financial relief for families, potentially boosting household consumption, analysts said. This people-centric approach to policymaking is likely to foreshadow further increases in public spending on areas that directly benefit households, such…
Visitors play at an indoor snow-themed entertainment zone in Harbin, Heilongjiang province, on July 9. LIU YANG/FOR CHINA DAILY The popularity of indoor activities such as indoor skiing, surfing, fishing, rock climbing and nighttime museum visits is on the rise, as holidaymakers escape from the intense heat across the country this summer. In particular, the…