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Stats in a Wrap podcast

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DeepSeek gains popularity in Russia for high-quality content, accessibility: media

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MOSCOW — Chinese artificial intelligence (AI) application DeepSeek has become popular among Russian users for its high-quality content and accessibility, RIA news agency reported Tuesday. “DeepSeek has primarily become popular due to the high-quality content that can be generated using the company’s large language model, as well as the availability of its products,” the report…

WGC: Continued surge likely in gold investment demand in China market

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Potential consumers browse gold jewelry at a store in Lianyungang, Jiangsu province on Jan 31. [WANG CHUN/FOR CHINA DAILY] The World Gold Council has forecast a continued surge in gold investment demand in China albeit at a moderated pace this year, following strong investment growth of coins and bars in 2024. Factors contributing to the…

Coca-Cola posts better-than-expected earnings

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On Tuesday, Coca-Cola reported better-than-expected earnings for the fourth quarter and full year 2024, with strong volume growth in China driving global performance for the beverage corporation. In the fourth quarter, Coca-Cola’s net operating revenues grew 6 percent year-over-year to $11.54 billion, surpassing market expectations of $10.7 billion. Consolidated net income rose 11 percent to…

Majority of regions in China record CPI growth

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Customers shop for vegetables at a supermarket in Qianxi, Guizhou province, Feb 9, 2025. [Photo/Xinhua] The performance of China’s consumer price index (CPI), a main gauge of inflation, as of January was released recently by the National Bureau of Statistics, among provincial-level regions, 27 out of 31 registering a CPI growth year-on-year. China’s CPI was…

AI needs continued investment, Baidu’s Robin Li says

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Continued investment in artificial intelligence infrastructure is needed despite DeepSeek challenging the cost efficiency of large language models, said Robin Li, co-founder and CEO of Chinese tech heavyweight Baidu Inc. The investment in areas such as chips, data centers and cloud infrastructure remains crucial for coming up with the next best model, Li said at…

Outdoor sports to leap on infra support

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People enjoy skiing and snowboarding in Chongli district, Zhangjiakou, Hebei province. [Photo/VCG] China aims to develop its outdoor sports sector and cultivate new economic growth points by building about 100 high-quality outdoor sporting venues and destinations by 2030, a new guideline said. Developing the outdoor sports sector stands as an important way to meet the…

DeepSeek’s AI breakthrough widely recognized by US tech industry

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The DeepSeek logo is seen on a mobile device on Feb 11, 2025. [Photo/VCG] SACRAMENTO, United States — With its recent AI model breakthrough, Chinese artificial intelligence (AI) company DeepSeek has drawn a flurry of positive reactions from leading US tech firms. The company’s R1 reasoning model, released last month, has been widely compared with…

Future bright for low-carbon vessels

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On Feb 8, the Minhou, the country’s first 130-type methanol-diesel dual-fuel distribution vessel, docks at Chongqing’s Guoyuan Port after departing from Shanghai, marking China’s foray into eco-friendly and low-carbon inland waterway vessels. [Photo provided to chinadaily.com.cn] At 10:46 am on Saturday, a significant milestone was reached in China’s inland waterway transportation history as Minhou, a…

Gemini Cooperation begins operations at Shanghai Port

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With the lifting of the first container at Shanghai Port on Monday, Gemini Cooperation officially launches operations at the port. [CHINA DAILY] Gemini Cooperation, a benchmark collaboration between Maersk and Hapag-Lloyd, officially started operations at the port of Shanghai on Monday, further consolidating Shanghai Port’s status as an international shipping hub amid the ongoing restructuring…