Visitors check out a sandbox demonstration highlighting future industrial development at the exhibition hall of a biopharmaceutical industry cluster in Xiamen, Fujian province. [Photo provided to China Daily] Having recently secured market approval for three locally developed innovative drugs, Haicang district in Xiamen, Fujian province, is making waves on China’s pharmaceutical map. With each drug…
A domestically manufactured car on display during an expo in Shanghai. WANG YUSHI/FOR CHINA DAILY China’s automotive industry has raised a collective alarm over what insiders called “involution-style” competition, as government authorities, industry associations and automakers said that an unchecked race to the bottom will endanger the sector’s long-term health. According to the latest report from…
NetDragon Websoft Chairman Liu Dejian called for international cooperation to promote inclusive, AI-driven education for the world’s least developed countries at the latest high-level expert meeting at the United Nations headquarters in June. [Photo provided to chinadaily.com.cn] NetDragon Websoft Chairman Liu Dejian called for international cooperation to promote inclusive, AI-driven education for the world’s least developed…
China has approved a number of export license applications for rare earth-related items, and will continue to strengthen the review of compliant applications, the Ministry of Commerce said on Thursday. As a responsible major country, China has fully considered the reasonable demands and concerns of various nations in the private sector while reviewing applications for…
The booth of AliExpress during an expo in Xiamen, Fujian province. CHEN XIAORONG/FOR CHINA DAILIY Chinese cross-border online retailers are strengthening efforts to expand into Europe to attract new customers and bolster sales, as cross-border e-commerce serves as an important driving force in bolstering the growth of China’s foreign trade amid external uncertainties. Eyeing the…
Participants in the fourth China-Africa Economic and Trade Expo get ready for a group photo on Thursday after the opening ceremony of the event in Changsha, Hunan province. Nearly 4,700 Chinese and African companies and more than 30,000 participants will attend the four-day expo, which is themed “China and Africa: Together Toward Modernization”. ZHANG WEI/CHINA DAILY…
China has been aggressively expanding its pumped hydro storage capacity in recent years, positioning these power plants as crucial “stabilizers” for its evolving electricity grid as the nation embraces a greater share of intermittent renewable energy sources, a recent industry report reveals. China’s cumulative installed pumped hydro capacity exceeded 58 gigawatts (GW) by the end…
China has approved a certain number of export license applications for rare earth-related items, and will continue to strengthen the review of compliant applications, the Ministry of Commerce said on Thursday. “As a responsible major country, China has fully considered the reasonable demands and concerns of various nations in the private sector when reviewing applications…
GCL Energy Technology (GCL ET) and Ant Digital Technologies jointly announced the establishment of Ant Smart Energy Technology Co Ltd on Thursday during the SNEC International Photovoltaic Power Generation Conference in Shanghai. The new company will build an “AI-driven next-generation new energy ecosystem” by integrating AntDT’s expertise in artificial intelligence (AI) and blockchain with GCL…
China’s latest policy moves, centered around deepening comprehensive reform in Shenzhen, signal the country’s firm determination to pursue high-quality development through innovation, institutional transformation and high-standard opening-up, officials and experts said in Beijing on Thursday. This year marks the 45th anniversary of the establishment of the Shenzhen Special Economic Zone and the fifth anniversary of…