Chinese technology heavyweight Kuaishou Technology is raising about $2 billion through its first offshore dual-currency bond issuance, as it looks to tap overseas capital markets to support its intensified artificial intelligence development. The company announced on Friday that it will issue $600 million of 4.125 percent senior notes due in 2031, $900 million of 4.75…
Electric scooters decorated with China’s giant panda mascot “Upanda”, supplied by Chinese electric vehicle manufacturer Luyuan Group, rolled through the streets of Bangkok this week, marking the launch of the “Boundless Creativity · Youth Link” China–Thailand youth cultural exchange event. Organized by the Five Continents Communication Center and Chulalongkorn University, the program brings together young…
China’s market regulator said on Friday it had conditionally approved United States’ American Axle & Manufacturing Holdings’ acquisition of a stake in British automotive supplier Dowlais Group, imposing remedies aimed at safeguarding competition in key automotive components markets. In a statement, the State Administration for Market Regulation said the deal involves major global suppliers of…
State Grid employees work on power transmission lines in Mingguang, Anhui province. ZHENG XIANLIE/FOR CHINA DAILY BEIJING — During the 14th Five-Year Plan period (2021-25), China’s State-owned enterprises (SOEs) have seen improved performance, bolstering the sustained, healthy development of the economy and society. From 2021 to 2025, the total assets of SOEs under the state…
State Grid employees work on power transmission lines in Mingguang, Anhui province. ZHENG XIANLIE/FOR CHINA DAILY BEIJING — During the 14th Five-Year Plan period (2021-25), China’s State-owned enterprises (SOEs) have seen improved performance, bolstering the sustained, healthy development of the economy and society. From 2021 to 2025, the total assets of SOEs under the state…
State Grid Corporation of China expects to invest 4 trillion yuan ($553 billion) in fixed assets during the 15th Five-Year Plan period (2026–2030), a 40 percent increase over the previous cycle, in order to accelerate the development of a high-quality supply chain for its new power system. The massive capital expenditure aims to align with…
Visitors gather at the booth of Trip.com during an expo in Beijing in June. CHINA DAILY China is intensifying efforts to ensure fair competition in the platform economy and guide it toward healthy growth, as the country’s top market regulator launches an antitrust probe into a leading online travel agency. The State Administration for Market…
An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at the smart zero-carbon terminal of Tianjin Port in North China’s Tianjin. [Photo/Xinhua] Tianjin Port’s intelligent container terminal has recently achieved fully automated and unmanned loading/unloading operations, integrating cutting-edge technologies such as Beidou navigation, 5G communications and artificial intelligence-powered transport robots.…
Airbus expects demand for aircraft maintenance, digital services and training in China to surge over the next two decades, driven by fleet growth, an aging aircraft base and accelerating digitalization, the European planemaker said in Beijing on Thursday. In its latest Global Services Forecast, Airbus projected that China would become the world’s largest single aftermarket services…
Envision, the global leader in green technology, announced on Thursday the launch of Dubhe, its energy foundation model, designed to shape the world’s largest physical AI system – the AI energy system. Dubhe sits at the core of Envision’s physical AI architecture, analyzing vast real-world energy data streams to orchestrate renewable generation, storage, grids and…