[Photo/VCG] The A-share market rose on Monday morning as news that Central Huijin Investment, an arm of China’s sovereign wealth fund, is set to take control of four major State-owned financial institutions, further strengthening investor sentiment. The move, according to analysts, will enhance the ability of State-owned distressed asset managers to resolve risks and improve…
An aerial drone photo shows a view of the Tangshan Port in North China’s Hebei province, Jan 13, 2025. [Photo/Xinhua] Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, gave an exclusive interview to China Daily. The following is the full text of the interview: Q1: How do you see Trump’s decision…
The user interface of the DeepSeek app. CHINA DAILY More than a dozen major automakers in China have integrated artificial intelligence startup DeepSeek’s popular large language model into their own systems, shifting the focus of their competition from autonomous driving to intelligent onboard experiences. On Feb 6, just two weeks after the startup shocked Silicon Valley…
Zhang Xin, a white-collar worker from Shanghai, made advance reservations to spend the Spring Festival holiday enjoying snow in Northeast China’s Jilin province. Zhang, together with his 7-year-old son, practiced snowboarding techniques under the guidance of an instructor at Changbaishan International Resort. They progressed from falling repeatedly at first to gaining some proficiency. Zhang humorously…
Visitors inspect a BYD Seagull at the Changchun auto show, Jilin province, in July. TANG KE/FOR CHINA DAILY Smart driving, which has until recently been reserved for premium brands, will soon become as standard as safety belts: BYD is making the feature available in cars priced less than $10,000. China’s largest electric vehicle manufacturer announced last…
A parade with local cultural elements attracts shoppers at a department store in Jinhua, Zhejiang province. [SHI BUFA/FOR CHINA DAILY] China’s shopping centers saw broad growth in sales, foot traffic and rental income in 2024, according to a shopping center industry report, recently released by the China Chain Store & Franchise Association. The report found…
A worker transports cargo with a forklift at the Urumqi International Land Port Area in the Xinjiang Uygur autonomous region in July. CAI ZENGLE/FOR CHINA DAILY URUMQI — Despite mounting pressure from Western countries over issues like so-called “forced labor” and import restrictions and sanctions, Northwest China’s Xinjiang Uygur autonomous region achieved a historic high…
An employee works on the production line of an all-solid-state battery maker in Chongqing. [CUI JINGYIN/FOR CHINA DAILY] Several Chinese key players in the all-solid-state sector, including BYD, unveiled an ambitious timeline for producing the game-changing battery by 2027, which signals China’s determination to lead in next-generation battery technology globally. Sun Huajun, chief technology officer…
When students in Thailand and Madagascar first encountered industrial robot programming, they were overwhelmed and in a complete state of shock and confusion. However, patient Chinese teachers helped them make a huge leap from “I don’t understand” to “I can do it”. Their grit and determination earned them medals. Madagascar’s students said, “I aspire to…
WeChat, China’s leading social media platform, is conducting small-scale testing to integrate DeepSeek’s R1 large model, joining a group of Chinese tech giants in embracing DeepSeek for enhanced AI capabilities, Tencent confirmed to China Daily on Sunday. Users included in the test can see the “AI Search” label at the top of the search bar…