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Tesla expands into China’s grid market

The economic and financial colossus of Shanghai is set to face winter power demand peaks with greater ease and at lower costs, as the first phase of Tesla’s grid-side energy storage project is scheduled to begin operating within the year, according to a senior executive with the US electric vehicle maker. With a total investment…

Urban renewal calls for diversified funding sources

A diversified funding mechanism is needed to support China’s accelerating urban renewal efforts, as such projects typically involve sizable investments and extended timelines, with government financing and private investment working in tandem, experts have said. By the end of 2024, China’s urbanization rate reached 67 percent, with 943.5 million people living in urban areas, according…

China handles 95 billion parcels in first half of year

Staff members at the joint distribution center in Yucheng handle parcels with the help of a sorting machine. ZHANG YU/CHINA NEWS SERVICE China’s parcel delivery industry reached a new milestone in the first half of 2025, handling over 95 billion parcels, up 19 percent year-on-year, as the sector continues to play a growing role in…

Meeting global demand for cool products

Employees produce air conditioners in Anqing, Anhui province. JIANG SHENG/FOR CHINA DAILY Inside the bustling workshop of Dongguan JHS Electrical Co Ltd, a manufacturer of mobile air conditioners and dehumidifiers in Dongguan, South China’s Guangdong province, the hum of machines filled the air as workers move swiftly through the assembly line, fastening, inspecting and packaging in…

Policymakers placing greater emphasis on services sector

A view of a Kuaishou cross-border livestreamer at the seventh China International Import Expo in Shanghai in November. [Photo/Xinhua] China’s ongoing efforts to deepen its opening-up will position trade in services as a powerful driver of economic growth and a source of long-term competitive strength, said market watchers and business leaders. Amid rising geo-economic fragmentation…

Nvidia to resume sale of H20 chips to China

Staff members work at the booth of Nvidia at the digital technology section of the third China International Supply Chain Expo (CISCE) in Beijing, July 14, 2025. [Photo/Xinhua] US semiconductor company Nvidia said on Tuesday that it will resume sales of H20 chips to China. It also announced a new, fully compliant GPU, or graphics…

Airbus’ best-selling narrow-body aircraft begins fuselage equipping in China

This photo taken on July 15, 2025 shows the site of the fuselage equipping program of the Airbus and the Aviation Industry Corporation of China Xi’an Aircraft International (Tianjin) Corporation (AVIC XAT) in North China’s Tianjin. [Photo/Xinhua] TIANJIN – Airbus and the Aviation Industry Corporation of China Xi’an Aircraft International (Tianjin) Corporation (AVIC XAT), officially…

Nanjing eyeing for a ‘Silicon Valley’

Jiangsu province’s capital Nanjing — a semi-provincial megacity with some 9.57 million residents living in 11 districts — has developed into a national advanced manufacturing base. Among the city’s 500 major projects slated for this year, 228 are focused on advanced manufacturing. The Xinde Technology Artificial Intelligence Advanced Packaging and Testing Base Project initiated construction…