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China takes lead in global power storage

Workers assemble energy storage module blocks at a workshop in Zhangye, Gansu province, on March 3. WANG JIANG/FOR CHINA DAILY China has cemented its status as the undisputed heavyweight champion of the global energy storage sector, successfully transforming itself from an industry follower into the global pacemaker, said industry experts and government officials. By the…

China-Laos clean power link to boost regional ties

Electricians work on the China-Laos 500-kilovolt power interconnection project in February. [Photo provided to chinadaily.com.cn] Marking the first time that overseas new-energy electricity has participated in the nation’s power market, the China-Laos 500-kilovolt power interconnection project officially commenced operations on Monday, signifying a major leap in regional energy integration. The milestone was marked by the…

UnionPay expands QR payments to Kazakhstan’s Halyk Bank

UnionPay International announced this month that Kazakhstan’s Halyk Bank has officially launched its QR code payment service, making it the first financial institution in Central Asia to offer this feature and further expanding UnionPay’s digital payment footprint in the region. Through this partnership, Halyk Bank customers can now make convenient QR code payments across the…

Envision envisions ‘skyrocketing’ growth in near term

Visitors watch an introduction video at Envision’s exhibition stand during the fourth EESA China International Energy Storage Expo in Shanghai on Aug 14. CHINA DAILY Driven by mounting global energy security concerns and the accelerated expansion of renewable energy, Envision Group is witnessing a meteoric rise in its energy storage orders across Europe, with the…

EU’s FSR enforcement to harm bilateral business ties

China’s business community has expressed mounting concern over the European Commission’s use of the Foreign Subsidies Regulation (FSR), with experts warning that the move could distort competition and strain economic relations between China and the European Union. The concerns follow a decision by the European Commission — the EU’s executive arm — requiring a consortium…

Calls to bridge development fund gaps

China is stepping up efforts to help bridge the global development financing gap by scaling up aid and mobilizing resources in close partnership with multilateral institutions, underscoring stronger collaboration to deliver tangible outcomes, officials and representatives said at a forum. Liu Junfeng, vice-chairman of the China International Development Cooperation Agency, said global development faces severe…

AI set to boost healthcare industry

Wandong Medical showcases its DR AI-Agent during the recent 2026 China International Medical Equipment Fair in Shanghai. CHINA DAILY As China ramps up efforts to apply artificial intelligence across a broad range of industries, healthcare is emerging as one of the most promising frontiers, with experts saying that the technology could help make medical services…

Dire straits provide China’s shipbuilders great opportunities

New Explorer, a methanol dual-fuel intelligent very large crude carrier (VLCC) developed by Dalian Shipbuilding Industry Co, is seen under construction in Dalian, Liaoning province. The delivery of the vessel on Dec 22 marked a milestone of green shipbuilding with greatly reduced emissions of carbon dioxide, sulfur oxides and particulate matter. CHINA DAILY Rising geopolitical…

CATL advances dual battery tech

Visitors check out a battery during the CATL Tech Day event ahead of the 2026 Beijing Auto Show in Beijing on Tuesday. WANG ZHAO/AFP Contemporary Amperex Technology Co Ltd, the world’s largest electric vehicle battery maker, said on Tuesday that its sodium-ion batteries will enter large-scale production within the year, marking a potential shift in…

China cranks up heat on counterfeits, IP violations

China has intensified its nationwide campaign against counterfeit and pirated goods, the country’s top market regulator said on Friday, unveiling a sweeping enforcement record. The move also came as the country seeks to bolster intellectual property right protection and underpin its drive toward innovation. The State Administration for Market Regulation released its annual report on…