A 220-kilovolt power transmission line project commenced operation recently in Northwest China’s Xinjiang Uygur autonomous region to aid electricity demand for one of the region’s eight major industrial programs. Through the newly built transmission line, power will be sent to a local 550,000-ton electrolytic aluminum program, which will generate an annual power consumption of around…
A saleswoman (left) shows a model of a newly developed residential area to a potential homebuyer in Urumqi, the capital city of Xinjiang Uygur autonomous region. [Photo by ZHANG XIUKE/FOR China Daily] China needs considerable central government funding and more innovative solutions to support property destocking and stabilize the ailing real estate market, such as…
A bird’s-eye view of Wuxi. [Photo provided to chinadaily.com.cn] Wuxi, the birthplace of Chinese national industry and commerce, has experienced significant industrial growth. Recent statistics reveal a 5.9 percent year-on-year increase in the city’s GDP to 743.7 billion yuan ($104.72 billion) in the first half of this year, alongside a record-setting foreign trade value. These…
The SAIC Anji cargo ship exports vehicles from Yantai Port in Shandong province. [TANG KE/FOR CHINA DAILY] Trading firm Choice International (CIG) is ramping up efforts to take more Chinese new energy vehicles to overseas markets, with the latest achievement being a series of strategic cooperation agreements signed with Nigeria covering electric vehicle shipments. According…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China is likely to approve a debt swap program worth trillions of yuan as the beginning of a broader plan to decisively forestall any downward economic spiral, economists and policy advisers said. The debt resolution program — set to…
Visitors try out an intelligent operating system at the booth of Jinneng Holding during an expo in Taiyuan, Shanxi province. ZHU XINGXIN/CHINA DAILY As energy demand in China peaks during the winter, Shanxi province, one of the major power hubs in the country, is strengthening efforts to ensure stable coal supply through intelligent transformation. The province…
Containers are unloaded at Qingdao Port in Shandong province. [Photo by Yu Fangping/For China Daily] China’s total imports and exports of goods expanded 5.3 percent year-on-year in yuan terms in the first three quarters of this year, maintaining stable growth, official data showed on Monday. The goods trade volume expanded to 32.33 trillion yuan ($4.57…
Students program robots to perform kung fu during an AI class at a primary school in Liuzhou, Guangxi Zhuang autonomous region, on Sept 4. LI HANCHI/FOR CHINA DAILY While the boom in artificial intelligence is ushering in new job opportunities, experts are cautioning that it will also bring short-term pain and change for some skilled…
The advanced Sikorsky S76 medium twin-engine helicopter takes off from Sanya, Hainan and flies to Zhanjiang, Guangdong province. [Photo provided to chinadaily.com.cn] Hainan province plans to boost its low-altitude economy by aiming for a total economic output value exceeding 30 billion yuan ($4.24 billion) by 2026. The island province plans to achieve this by establishing…
A view of the Huangpu River in Shanghai. [Photo/VCG] China will push ahead with the building of a unified national market as part of the country’s efforts to foster a more equitable and well-ordered development environment for market players, the State Council — the nation’s Cabinet — said on Friday. The imperative to adopt a…