Many enterprises are accessing AI large language model platforms after DeepSeek, a Chinese AI startup, released its DeepSeek R1 large model in January, said Yang Chengzhang, member of the CPPCC National Committee and chief economist of Shenwan Hongyuan Securities, during an interview. He stated that the country should take science and technology as the driving…
The opening meeting of the third session of the 14th National People’s Congress (NPC) is held at the Great Hall of the People in Beijing, capital of China, March 5, 2025. [Photo/Xinhua] China has set a growth target of “around 5 percent” for 2025, the same as last year’s figure, as the world’s second-largest economy…
China will impose tariffs ranging from 10 percent to 15 percent on imports from the United States, the Customs Tariff Commission of the State Council announced on Tuesday. This decision follows the US government’s announcement on Monday of an additional 10 percent tariff on all Chinese exports to the US, citing fentanyl-related concerns. The US…
China is accelerating the revising and finalization of a draft law aimed at promoting the growth and protection of private enterprises, the National People’s Congress, the country’s national legislature, said at a news conference on Tuesday, one day ahead of the opening of its annual session. Lou Qinjian, spokesman for the third session of the…
The essence of China-US economic and trade relations is mutual benefit and win-win cooperation, said Lou Qinjian, spokesman for the third session of the 14th National People’s Congress, at a news conference in Beijing on Tuesday. Since the establishment of diplomatic ties 46 years ago, bilateral trade between the China and the US has grown…
HONG KONG — The Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement Agreement on Trade in Services (agreement II) was implemented on Saturday, allowing Hong Kong to accelerate its integration into the overall national development. The agreement II further opens up the services market of the Chinese mainland to…
Employees work on a production line of NEV maker BYD in Xi’an, Shaanxi province. [YUAN JINGZHI/FOR CHINA DAILY] China’s emphasis on cultivating new quality productive forces through scientific and technological innovation, reiterated by President Xi Jinping, will drive industrial upgrades, give strong impetus to high-quality economic growth and enhance the country’s core competitiveness globally amid…
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd facility at the Port of Los Angeles in Wilmington, California, February 4, 2025. [Photo/Agencies] China firmly opposes the United States’ latest threat to impose an additional 10 percent tariff on Chinese imports next week, vowing to take necessary…
Shanghai recently announced comprehensive measures to cement its position as a global business hub, offering substantial incentives for multinational corporations to establish and expand their regional headquarters in the city. The announcement comes as Shanghai continues to demonstrate strong momentum in attracting foreign investment. “Altogether 60 regional headquarters of multinational corporations and 30 foreign-funded research…
As a pivotal move in China’s pursuit of high-quality growth, the development of new quality productive forces has gained significant momentum, with remarkable results achieved across various sectors in 2024, said Liu Jieyi, spokesperson for the third session of the 14th Chinese People’s Political Consultative Conference National Committee. Liu made the remarks at the nation’s…