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Songshan Lake: a microcosm of China’s innovation ecosystem

A staff member operates robot to climb stairs at a robot base in Dongguan, South China’s Guangdong province, June 23, 2025. [Photo/Xinhua] GUANGZHOU — Songshan Lake, nestled in south China’s Guangdong province, buzzes with youthful energy as tomorrow’s tech leaders weave through roads once scented by lychees. Just two decades ago, this thriving innovation hub…

Policies help firms expand in Shanghai

The skyline of Shanghai’s Pudong New Area on April 26, 2025. [Photo/VCG] The Shanghai municipal government announced last month several measures to promote the high-quality development of the software and information technology industry, aimed at leveraging the sector as a key engine in supporting the city’s economic growth, according to an official notice. Effective July…

Nvidia CEO: China has three unique advantages for humanoid robots

Nvidia founder and CEO Jensen Huang said in an interview with China Daily that “China has three unique advantages to develop humanoid robots — excellent AI technology, exceptional expertise in mechatronics and electromechanical systems, and a massive manufacturing ecosystem enabling rapid robotics deployment.” Tanks to chinadaily.com.cn Please visit: Our Sponsor

China could issue trillions in bonds to ease local debt, says economist

China can consider the issuance of treasury bonds worth around 30 to 50 trillion yuan ($4.19 trillion to $6.97 trillion) in the coming two to three years to better address local government debt and bring the economy to a trajectory that aligns with its growth potential, said a prominent Chinese economist. Li Daokui, dean of…

Shanghai’s Pudong attracts more foreign investment

A view of the financial center of Shanghai’s Pudong New Area. WANG GANG/FOR CHINA DAILY SHANGHAI – East China’s Shanghai Pudong New Area received more than $3.14 billion in actualized foreign investment in the first five months of the year, an increase of 32.3 percent year-on-year, official data shows. The area has taken measures to…

Experts call for new incremental policies to boost domestic demand

A customer shops for eggs at a supermarket in Handan city, North China’s Hebei province, June 9, 2025. [Photo/Xinhua] China should reinforce its commitment to boosting domestic demand with new incremental policies in the second half, in a bid to solidify the recovery trend seen in the first six months, leading economists said on Wednesday.…

Hong Kong regaining status as premier IPO market

Hong Kong’s initial public offering market is gaining depth and dynamism and reinforcing its role as a premier global listing venue, with abundant liquidity, attractive valuations and market reforms contributing to the resurgence of IPO activities, global auditing firms and investment managers said. The Hong Kong bourse gained 18 percent in 2024 and has risen…

Experts call for building policy consensus on bold fiscal reforms

The view of Shanghai’s CBD is seen in this photo. [Photo/VCG] It is time to build a policy consensus on China’s space for bold fiscal expansion, leveraging it for deep reforms aimed at improving social welfare and accelerating the country’s much-anticipated economic rebalancing, according to leading economists and policy advisers at top think tanks. Li…

Businesses deepening regional integration

A visitor looks at a BYD e-Platform 3.0 during the 45th Bangkok International Motor Show in the capital of Thailand on March 27. WANG TENG/XINHUA Chinese companies are ramping up investment into Southeast Asia and accelerating digital and green upgrades at home, in order to benefit from the reorganization of global supply chains amid geopolitical…

Policy support to bolster national economic zones

Employees work on the production line of Nanjing Sciyon Wisdom Technology Group in Nanjing, Jiangsu province, in October 2020. FANG DONGXU/FOR CHINA DAILY BEIJING — China’s national economic development zones are set to play a bigger role in incubating industrial and technological innovation thanks to the unveiling of a set of policy measures designed to boost…