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Chinese startups giving more Western peers run for money

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Robots from Unitree Robotics are arranged backstage for a performance at the Spring Festival Gala for the Year of the Snake in January in Beijing.[Photo/Xinhua] Chinese startups have “shown an elegant ‘twist'” to some Western countries that attempt to contain the nation’s technological rise through hegemony, reflected in DeepSeek’s breakthroughs to humanoid robots performing a…

Suzhou encourages foreign investment, pushes for high-quality development

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Employees check auto components at a German funded high-tech company in Suzhou, Jiangsu province.[JI HAIXIN/FOR CHINA DAILY] In Taicang, a county-level city in Suzhou, East China’s Jiangsu province, runs the No 103 bus route. The route is peppered with stops that are mostly named after German companies, such as Krones, a leading beverage filling and…

Festival buying spree fuels global biz growth

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A child participates in activities to celebrate Chinese New Year in London in February.[Photo/Xinhua] BEIJING — On a balmy afternoon on the first day of Spring Festival, a line of nearly 40 people, over half of them Chinese tourists, snaked around the plain ice cream stall of “Uncle Chieng” on Orchard Road, Singapore. “Recently, more…

Tesla battery gigafactory in Shanghai launches production

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This photo shows a production launch ceremony of US carmaker Tesla’s gigafactory in Shanghai, Feb 11, 2025. [Photo/Xinhua] Tesla’s energy storage plant in Shanghai’s Lin-gang Special Area commenced operation on Tuesday, as the assembly line started the production of the first Megapack unit. The Megapack, which is an advanced battery system designed for large-scale energy…

Passion for ice-and-snow sports fires up industrial fervor in northeast region

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Tourists visit an ice and snow park in Harbin, Heilongjiang province, in February.[Photo/Xinhua] HARBIN — In the Baroque Museum in downtown Harbin, host city of the ongoing 9th Asian Winter Games, rows of ice skates lined up against a wall captivate the attention of winter tourists. Liu Chang, collector of the skates, said the “relics”,…

Partnership with Apple recognition of Alibaba’s AI capabilities

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A woman experiences a virtual fitting mirror backed by Alibaba’s AI technologies. [Provided to China Daily] Chinese tech heavyweight Alibaba Group Holding Ltd will partner with US consumer electronics company Apple Inc to roll out artificial intelligence features for iPhone users in China. The move, industry experts said, demonstrates the growing recognition of Alibaba’s capacities…

Manufacturing mecca back to work after long holiday

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Employees of Guangdong Xiangguan Optoelectronics work at a research facility in Dongguan, Guangdong province. The company is a major producer of mid- to high-end light-emitting diodes and LED application products. [CHINA DAILY] In the production workshop of Emma CNC Technology Co in Dongguan, Guangdong province, workers are busy debugging intelligent cutting devices and directing them…

China to adjust intensity, timing of monetary policies as appropriate

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Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Xinhua] BEIJING – China’s central bank will utilize a variety of monetary policy tools and adjust the intensity and timing of policies as appropriate, based on domestic and international economic and financial conditions, as well as financial market operations,…

Ne Zha 2 derivatives ride blockbuster wave, eye global market

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This photo taken on Feb 13, 2025 shows a poster for the Chinese animated film Ne Zha 2 at a cinema in Chaoyang district of Beijing, capital of China. [Photo/Xinhua] BEIJING – Fans of record-breaking blockbuster Chinese movie Ne Zha 2 are making significant waves in the derivatives market, clearing out retailer inventories and even creating DIY…

US called on to steer clear of protectionism

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Employees check steel rolls at a steel plant in Tangshan, Hebei province. LIU MANCANG/XINHUA China has urged the United States to rectify its mistakes and rejoin the multilateral trading system, calling for cooperation with other countries to address mutual concerns through fair and equal consultation, said the Ministry of Commerce on Thursday. The ministry’s comments…