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Xiamen sets out its stall for becoming ‘financial powerhouse’

An aerial view of Xiamen’s coastline on March 25, 2025. [Photo/VCG] Xiamen, a city of Fujian province on China’s southeastern coast, is committed to developing itself into a regional financial center, the city’s senior official has said. A meeting with financial institutions, held in Beijing on Saturday, heard that the city is accelerating efforts to…

Household saving rate increases to 15.4% in the euro area

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EU coal production and consumption reach historical low

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BMW Brilliance focuses on sustainability in China

Engineers at BMW Brilliance are working to ensure geothermal heating will be ready for use at its manufacturing network in Shenyang, Liaoning province, later this year. [Photo provided to chinadaily.com.cn] Sino-German joint venture BMW Brilliance is doubling down on its long-term commitment to sustainability in China, unveiling latest progress and fresh targets in its newly…

CHN Energy launches world’s first large-scale AI model for power generation

China Energy Investment Corp (CHN Energy) has launched the world’s first large-scale artificial intelligence model specifically designed for the power generation industry, the State-owned energy giant announced on Saturday. The model, described as operating at the hundred-billion parameter level, is intended to support intelligent decision-making system across the entire power generation chain, from safety and…

Sci-tech sector maturing rapidly amid incentives

Industrial humanoid robots are presented at an industrial park in Liuzhou, Guangxi Zhuang autonomous region, on June 18. LI HANCHI/XINHUA From clinching a sweeping 9-0 victory at the RoboCup German Open in March to gearing up for the RoboCup 2025 in Salvador, Brazil, in July, a Chinese humanoid robot soccer team has been capturing global attention.…

Siemens says US tech export ban lifted

Siemens AG announced it has been informed by the United States Department of Commerce’s Bureau of Industry and Security that export control restrictions on electronic design automation software and technology to Chinese customers have been lifted. The restrictions, outlined in a letter sent by the US government to the German tech giant on May 23,…