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Hefei boosting image as high-tech powerhouse

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An eVTOL flies through the skies over Luogang Central Park, widely known as Luogang Park, in Hefei, East China’s Anhui province. [CHINA DAILY] On the morning of Jan 26, just days before the Spring Festival holiday, flight KE135 touched down at Hefei Xinqiao International Airport in Hefei, East China’s Anhui province. The flight carrying 166…

Tesla figures take major hit in five European markets

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This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. [Photo/Xinhua] Tesla posted lower sales across five European countries in January, including the United Kingdom and France, as competitors with newer models gained on the electric vehicle maker and polls show public opinion souring…

AI technology widely adopted during Spring Festival events

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A humanoid robot displays its weight-bearing ability in Wuhan, Central China’s Hubei province, Feb 5, 2025. [Photo/Xinhua] BEIJING – During the 2025 Intangible Cultural Heritage Gala aired by China Media Group on Jan 31, a pack of ten robot dogs leaped, spun and waved in perfect harmony to a traditional dance song, wowing audiences with…

No time for domestic AI to rest on laurels

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Robin Li, co-founder and CEO of Baidu, speaks during a session at the World Governments Summit 2025 in Dubai, the United Arab Emirates, on Tuesday. AMR ALFIKY/REUTERS Continued investment in artificial intelligence infrastructure is still very much required despite Chinese AI startup DeepSeek’s open-source model challenging the cost efficiency of peers’ large language models, said Robin…

Tech breakthroughs boosting bourse

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The Deepseek logo is seen in this illustration taken Jan 27, 2025. [Photo/Agencies] The surge of DeepSeek, a two-year-old Hangzhou-based startup creating open-source large language models at much lower costs than foreign peers, has not only led to rising global investor interest in Chinese artificial intelligence companies, but also their bullish outlook on the Chinese…

US tariffs seen as threat to its economy

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US President Donald Trump. [Photo/Agencies] Tariffs imposed by the United States with the intention of rebuilding its domestic industries and raising government revenue, as well as leveraging them as bargaining chips, are likely to be counterproductive for the US economy, said experts and business executives. The future of global trade and investment lies in fostering…

Collaborative, innovative AI ecosystem highlighted

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Figurines with computers and smartphones are seen in front of the words “Artificial Intelligence AI” in this illustration taken, Feb 19, 2024. [Photo/Agencies] Chinese tech companies’ intensified efforts in achieving breakthroughs in artificial intelligence will bolster the application of this cutting-edge technology in a diverse range of fields, drive industrial upgrading and inject fresh momentum…

CPI growth accelerates on holiday spending

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China’s economy is showing fresh signs of recovery as consumer inflation accelerated in January due to the influence of the Spring Festival holiday, official data showed on Sunday, pointing to a gradual recovery in domestic demand. Analysts said that China’s economy will likely make a robust start in the first quarter, given the country’s intensified…

Booming holiday consumption promises stable start for economy

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Customers dine at a restaurant in Shanghai, Feb 4, 2025. [Photo/VCG] The Spring Festival holiday has unleashed the strong vitality and huge potential of China’s consumer market, contributing to a stable start for the Chinese economy in 2025. Driven by the consumer goods trade-in programs, the consumption of household appliances and other products has been…

Warner Bros plans Harry Potter attraction in Shanghai park

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SHANGHAI — US entertainment company Warner Bros is set to launch a Making of Harry Potter studio tour in Shanghai in 2027, which analysts believe is a significant move underscoring US companies’ confidence in China’s vibrant consumer market. The Jin Jiang International Holdings Co Ltd, China’s major travel and hospitality conglomerate, on Wednesday confirmed the…