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New deep drilling rig delivered

China’s Honghua Group, a leading global land drilling rig manufacturer under the Dongfang Electric Corporation, delivered the domestically developed 12,000-meter intelligent deep drilling rig in Guanghan, Deyang on Wednesday. [Photo/Honghua Group’s website] China’s Honghua Group, a leading global land drilling rig manufacturer under the Dongfang Electric Corporation, delivered the domestically developed 12,000-meter intelligent deep drilling…

Charging rollout lags US EV sales

Cars are recharging at a Power Up fast charger station for electric vehicles on April 14, 2022 in Pasadena, California. [Photo/VCG] Electric vehicle sales in the United States have soared by more than 140 percent since the start of 2023, but additional growth may be hindered by a far slower and more uneven rollout of…

Ministry aims to increase affordable housing supply

A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY On Thursday, Minister of Housing and Urban-Rural Development Ni Hong announced plans to increase the affordable housing supply for including young people and newcomers, as the nation works to relax rules on home buying. At a conference held by the…

Customer demand boosts NEV sector

Li Auto showcases the L9 SUV at the 2024 Beijing auto show in April. [CAO YINGYING/CHINA DAILY] China’s new energy vehicle sales surged in September, with brands including Li Auto and Zeekr seeing record highs, fueling prospects about the sector’s robust growth for the last quarter of 2024. Their wholesales figure was expected to grow…

Measures unveiled to stabilize property market

Workers are seen busy at a construction site in Huai’an, Jiangsu province, in December 2023. [Photo/chinadaily.com.cn] China will renovate an additional 1 million units of urban village and dilapidated housing through a monetary compensation approach, said Ni Hong, minister of housing and urban-rural development, on Thursday. The newly proposed renovation projects primarily target the most…

EU’s selective approach will hinder fair solution, industry body says

A Chinese NEV attracts visitors during an auto expo in Paris, France. [Photo/Xinhua] The European Union’s move to conduct separate price commitment talks with specific Chinese companies will jeopardize the foundation of negotiations and erode mutual trust in the EU’s anti-subsidy probe against Chinese electric vehicles, said industry representatives on Wednesday. Despite China’s steadfast commitment…

China hailed as transformative force

China’s achievements over the past 75 years have been nothing short of spectacular, said Danilo Turk, former president of Slovenia, highlighting China’s role as a transformative force on the global stage, both economically and diplomatically. Danilo Turk, former president of Slovenia. [Photo provided to chinadaily.com.cn] In a recent interview with China Daily, Turk also praised…

Charging tech, facilities for harsh conditions in spotlight at construction exhibition

CSCEC’s “zero-altitude house” is seen near Mount Qomolangma, Xizang autonomous region. CHINA DAILY An ongoing construction science and technology exhibition in Beijing is showcasing the latest advancements in sustainable urban development and building technologies, providing a glimpse into a future where intelligent and green construction solutions lead the way. Several cutting-edge electric vehicle charging technologies and…

Bold measures to rev up Chinese economy

Turbines at Fuqing Xinghua Bay Offshore Wind Farm in Fujian province on August 8. JIANG KEHONG/XINHUA China’s economy will likely pick up pace in the fourth quarter amid a slew of bolder-than-expected stimulus measures, providing strong support for achieving its annual growth target of around 5 percent this year, economists said. As China grapples with lackluster…

China’s toy industry embedded with huge business opportunities

An American poses for a photo with a panda fluffy toy at Yu Garden in Shanghai on Sept 19, 2024. [Photo/Xinhua] China’s toy industry is embedded with huge business opportunities as reflected by the enthusiasm of both children and adults. At the 2024 China Toy Expo in Shanghai, visitors can see 17 categories of toy…