Potential homebuyers look at a property model in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE This year’s Government Work Report, for the first time, proposed stabilizing the real estate market, showcasing China’s strong focus on the critical sector. Given its substantial influence and associated risks, a healthier property industry will play a vital role in…
People learn about a bionic humanoid robot at the Zhongguancun International Innovation Center during the 2025 Zhongguancun Forum Annual Conference in Beijing, capital of China, Mar 27, 2025. [Photo/Xinhua] BEIJING – The recently released 2024 annual reports of China’s listed banks highlight the diverse dynamics of China’s economic development, as banks, serving as the primary…
The logo of US pharmaceutical company Pfizer at the 7th China International Import Expo in Shanghai, on Nov 7, 2024. [Photo/VCG] BEIJING – US pharmaceutical giant Pfizer’s new research and development (R&D) center officially opened at BioPark in the Beijing Economic-Technological Development Area (BDA) on Saturday. As the company’s third R&D center in China, the…
Avatr Chief Design Officer Nader Faghihzadeh explains the details of the limited 012 co-created with former Dior and Fendi artistic director Kim Jones on March 25, 2025. [Photo provided to chinadaily.com.cn] Chinese carmakers have long dreamed of building globally recognized premium brands, and now the goal is within reach as their cutting-edge EVs are captivating…
A worker prefabricates steel for Bohai Oilfield platform at an intelligent manufacturing base in Tianjin, North China, March 30, 2025. [Photo/Xinhua] BEIJING – China’s manufacturing sector has seen growing innovation capabilities, according to an industrial index released by the China Center for Information Industry Development. A report by the center, which is affiliated to China’s…
Nanjing, Jiangsu province, recently eased restrictions on property sales, which experts and market insiders said will help unleash local demand for housing purchases. The city government said on Monday that commercial residential properties can be traded with real estate ownership certificates, removing the restriction on property sales that required a minimum three-year holding period for…
A technician inspects the operation of an integrated computing center in Hami. [Photo provided to China Daily] China’s rapidly expanding computing infrastructure is emerging as a significant new source of power demand, challenging the nation’s grid and accelerating the need for flexible energy regulation capabilities, industry experts said. While China pushes forward with its ambitious…
An engineer works at the Dongfang 13-2 gas fields project, China’s largest offshore high-temperature and high-pressure gas fields project, located offshore near Dongfang, Hainan province. YUAN CHEN/FOR CHINA DAILY Even as it navigates global uncertainties and supply chain disruptions, China has made significant strides in enhancing its domestic energy security, with the energy self-sufficiency rate rising…
BEIJING – China has expedited efforts to improve its social credit system and build a creditworthy society as part of the country’s broader push to advance a market-oriented economy. The country has made progress in areas such as credit information sharing and the enforcement of penalties against bad-faith actions, as part of efforts to strengthen…
China is fostering its own vision for the development of artificial intelligence through reliable and efficient applications of AI tools across a wide range of industries, a wise path that differs from that of the United States, said industry experts and company executives at the ongoing Zhongguancun Forum. They made the comments as several AI-related…