China will intensify efforts to develop the data industry and give full play to its advantages in large market scale and massive data resources, as part of a broader push to nurture new quality productive forces and build up new growth drivers, the country’s top data governance regulator said on Tuesday. Yu Ying, deputy head…
A shopper tries on a gold bracelet at a jewelry store in Chongqing. SUN KAIFANG/FOR CHINA DAILY BEIJING — In the first half of the year, gold consumption in China reached 505.21 metric tons, down 3.54 percent year-on-year, data from the China Gold Association revealed. In breakdown, the consumption of gold jewelry in China stood…
An image shows a dining hall at an Orange Hotel in Lishui, Zhejiang province, in November. The hotel is operated by H World Group, a Shanghai-based hospitality chain. CHINA DAILY H World Group, a Shanghai-headquartered hospitality group operating more than 11,600 hotels in 19 countries and regions, will tap into China’s surging travel demand and…
An Iranian student (left) who is studying in Shanghai samples local snacks on Wednesday with her parents at a gift shop in the city’s Nanjing Road Pedestrian Street. CHEN HAOMING/XINHUA While strolling around Shanghai’s trendiest shopping precinct on their visit, Vietnamese couple Nhu Truong and Tu Vo had an unexpected opportunity to take part in…
Press corner | European Commission Source
China’s internet sector is gaining robust growth momentum, driven by technological advances in artificial intelligence, which has become a vital force bolstering the country’s high-quality economic development and industrial upgrades, said officials, experts and company executives. Highlighting China’s great achievements in the development of internet infrastructure, they said bolstering application of cutting-edge AI in a…
The State Grid Corp of China’s new energy subsidiary completed a 36.5 billion yuan ($5.03 billion) capital increase and share expansion project on Wednesday, representing the largest cash fundraising in the history of China’s State-owned asset transactions. According to the State Grid, the substantial capital injection will be entirely allocated to the construction of pumped-hydro…
China announced on Wednesday that its Hainan Free Trade Port (Hainan FTP) will officially implement independent customs operations across the entire island starting on December 18, following approval from the Communist Party of China Central Committee. The island-wide independent customs operation refers to the establishment of a designated area under the special supervision of customs…
Ongoing reforms at the tech-focused STAR Market of the Shanghai Stock Exchange, part of China’s continued efforts to give more financial support to the private economy, will further spur technology innovation and facilitate high-quality economic growth in the country, said experts. The comments came after two new private economy-focused subindexes were officially launched at the…
A view of the Huangpu River in Shanghai. [Photo/VCG] BEIJING — China’s top economic planner on Wednesday held a symposium with business representatives to solicit opinions and suggestions on the collaborative development of state-owned and private enterprises for the upcoming 15th Five-Year Plan (2026-2030). Zheng Shanjie, head of the National Development and Reform Commission, chaired…