China’s ChiNext Index surged 2.63 percent on Wednesday, breaking through 4,037.96 points — its previous record from the 2015 bull market — to set a new all-time high. The rally extended the index’s strong upward momentum this year, with the ChiNext Index, which tracks China’s Nasdaq-style board for growth enterprises, gaining 26 percent year-to-date to…
China will step up international cooperation with other APEC economies to promote the electrification and intelligent transformation of the global automotive industry, officials and experts said. Wang Weiming, director-general of the first department of equipment manufacturing industry at the Ministry of Industry and Information Technology and co-chair of the 43rd APEC Automotive Dialogue which kicked…
A farmer harvests lychees at a planting base in Haikou, Hainan province, on April 28. [Photo/VCG] HAIKOU — In Bincunshan of Qionghai city, South China’s Hainan province, lychee orchards are heavy with ripe and red fruit as the harvest season arrives. For villager Li Shiwu, the bustling harvest is a rewarding moment. “This year’s lychees…
Chinese Vice-Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, shakes hands with US Treasury Secretary Scott Bessent prior to their consultations in South Korea, May 13, 2026. [Photo/Xinhua] SEOUL — The Chinese and US delegations on Wednesday held candid, in-depth and constructive exchanges in South…
Shares of Chinese AI drug-delivery developer Metis TechBio Co Ltd opened at HK$28.68, up 173.14 percent from its IPO price on its trading debut on Wednesday. The company has raised more than HK$2.1 billion ($270 million) in Hong Kong’s largest healthcare IPO so far this year. The Beijing-based biotech issued 201.2 million shares in its…
Humanoid robots participate in a half marathon in Beijing E-Town, a hub for high-tech industries, on April 19. The race placed high demands on the robots’ balance, path planning and joint response speed. ZOU HONG/CHINA DAILY China’s embodied intelligence sector is moving from technical showcases toward tougher tests of real-world commercialization, as rapid advances in…
An employee works on the production line of a steel company in Maanshan, Anhui province. LUO JISHENG/FOR CHINA DAILY China’s steel industry is accelerating technology-driven and low-carbon transformation efforts, including wider robot adoption, as steelmakers seek to strengthen resilience amid persistent supply-demand pressures and a more challenging external environment, industry officials said. Data from the…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China has pledged to accelerate local government debt resolution, declaring that the current five-year 10 trillion yuan ($1.38 trillion) bond swap program is on track and will be completed on schedule. The latest announcement follows an executive meeting of…
A boy learns to use a remote control to operate a robot dog developed by Unitree Robotics at a shopping mall in Shanghai on May 5. CHEN YUYU/FOR CHINA DAILY As humanoid robots increasingly move into real-world settings such as tourism, transportation, retail and security, robot rental services are emerging as a fast-growing business model…
As automakers race to redefine the in-car experience, electrochromic dimming glass is moving from a niche luxury feature to a scalable cockpit solution, said a top executive from a leading smart electrochromic company at the Beijing International Automotive Exhibition. He Jiazhi, vice-president of automotive at Ambilight Inc, said the industry is entering a new phase…