China is doubling down on technological innovation, particularly in areas like artificial intelligence and humanoid robots, to prop up economic vibrancy this year, hedge against escalating tariff threats from Washington, and counter sluggish domestic demand, senior economists said. On top of the current consumption boosting-initiatives, policymakers could invest even more in consumer-centric stimulus measures and…
SHANGHAI – East China’s metropolis Shanghai saw a record-breaking tourism revenue of 576.1 billion yuan ($80.3 billion) in 2024, said authorities on Friday. Among the total revenue, domestic tourism revenue achieved approximately 497.3 billion yuan while that of inbound tourism hit nearly $11.1 billion, both hitting a historic high, according to the municipal culture and…
Ole Gerdau, COO at Deutsche Bank China, highlighted that China’s strength in AI might surprise many. With the launch of DeepSeek, China’s unstoppable momentum in AI is clear. Deutsche Bank predicts that 2025 could be a turning point, with global capital shifting focus and increasing allocations to China’s financial market. Tanks to chinadaily.com.cn Please visit:…
Offshore wind turbines are pictured in the waters of Laizhou city, East China’s Shandong province, Jan 7, 2025. [Photo/Xinhua] China is making efforts to enhance the mutual recognition of green electricity certificates (GEC) with the global community in order to bolster economic and trade interactions, amid growing calls for carbon footprint proof of progress from…
With the country’s “No 1 central document” for 2025, released on Feb 23, calling for bolstering the coordination of agricultural research resources and developing agricultural new quality productive forces to help enrich farmers’ income, the growers are being encouraged to up their tech caliber in cultivation. In East China’s Shandong province, agricultural technology experts are…
A senior citizen wearing an exoskeleton walking aid device shops at a market in Hangzhou, East China’s Zhejiang province, Feb 24, 2025. [Photo/Xinhua] HANGZHOU – The cyborgs of science fiction, once symbols of superhuman abilities, are now powering China’s elderly care revolution as the nation’s silver economy surges. An exoskeleton walking aid device, designed by…
People visit the exhibition area of consumer goods during the seventh China International Import Expo (CIIE) in East China’s Shanghai, Nov 5, 2024. [Photo/Xinhua] Faced with structural issues at home and mounting external uncertainties, China should put in place a mix of macroeconomic and industrial policies, alongside meaningful reforms, to spur effective demand, stabilize the…
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Xinhua] The People’s Bank of China (PBOC) has pledged to intensify monetary policy adjustments and lower financing costs to support economic growth, according to a statement released on Friday after its first-quarter monetary policy committee meeting. The meeting, held…
XPeng launches the X9 in Malaysia in early 2025. [Photo provided to chinadaily.com.cn] Chinese NEV startup XPeng is expected to ship over 40,000 vehicles overseas this year, twice the 2024 level, said Chairman and CEO He Xiaopeng on Tuesday. Last year, XPeng delivered over 20,000 vehicles in overseas markets, ranking first among Chinese startups. He…
Eyeing the rapid development of artificial intelligence technology, Wuxi Economic Development Zone (WEDZ) in Jiangsu province will build itself into a hub for AI technology innovation and applications, officials said during a high-tech conference in the city on Friday. Measures tailored to the city’s ambitious plan were also unveiled at the event, including special funding…