Philipp Lotter China is poised to play an even bigger role in the global trade and economic system as its innovation-driven industrial policies strengthen domestic competitiveness and accelerate industrial self-reliance, said an executive of a global credit rating agency. “The global supply chain is more fragmented but still interconnected, where China plays and continues to…
China’s wine imports in the first quarter show signs of stabilization after a period of adjustment, said the General Administration of Customs. In March, wine imports reached 16.64 million liters, up 16.78 percent from a year earlier, with a value of $78.35 million, a 3.68 percent increase. However, cumulative figures for the first quarter show…
Visitors gather at YMTC’s booth during a high-tech expo in Wuhan, Hubei province, on April 19. CHINA DAILY China’s leading flash memory maker, Yangtze Memory Technologies Co (YMTC), has officially begun its initial public offering process with plans to list on Shanghai’s STAR Market, marking a major milestone for the country’s semiconductor industry. The filing…
A Fourier employee demonstrates a brain-computer interface combined with a lower-limb exoskeleton robot in Shanghai on May 13. [Photo provided to CHINA DAILY] With China firmly at the forefront of artificial intelligence and robotics, the nation’s technology companies are targeting opportunities in the global rehabilitation sector as advances in Chinese robotics gain increasing recognition worldwide,…
The preliminary outcomes achieved during the latest round of China-US economic and trade consultations will not only help stabilize bilateral economic ties, but also contribute to a more cooperative global economy at a time of rising uncertainties, officials and experts said. The Ministry of Commerce announced on Wednesday that China and the United States have…
While Schroders is transferring part of the mutual fund business managed by its wholly-owned China unit to Neuberger Berman, the British asset manager insists it will continue to provide public and private fund services for Chinese investors, dismissing speculation that it is exiting China. Schroder Fund Management (China) Co Ltd said on Wednesday that it…
China has announced plans to buy 200 aircraft from Boeing, “in accordance with market demand”, following the consensus reached by the leaders of China and the US. An official from the Department of American and Oceanian Affairs at China’s Ministry of Commerce said on Wednesday that aviation is a key sector for mutually beneficial and…
Chinese navigation app maker Amap said on Wednesday that it would roll out its AI-powered traffic light countdown feature to overseas markets, marking one of the first large-scale attempts to export the technology globally. The feature, first launched by Amap in May 2022, uses artificial intelligence to simulate and predict traffic signal changes in real…
China will accelerate the buildout of a nationwide computing network and step up efforts to develop high-quality data sets for artificial intelligence, according to a 2026 digital economy work plan released by the country’s top data regulator on Tuesday. The plan also called for the steady advancement of data infrastructure projects and support for demonstration…
Alibaba Cloud, the cloud arm of tech giant Alibaba Group, has unveiled a new artificial intelligence chip and an ambitious multi-year semiconductor roadmap, as the company pushes to build a domestic alternative to Nvidia-powered AI infrastructure. Alibaba Cloud launched the Zhenwu M890, a new training-and-inference integrated AI chip developed by the company’s semiconductor arm T-Head,…