Guizhou province prioritizes the growth of emerging industries such as data services and artificial intelligence, provincial Party secretary Xu Lin said Wednesday at an industry modernization conference. Xu said the province is developing six major industrial bases, including the national computing power hub, to drive high-quality development and improve livelihoods. According to Guizhou’s 2025 government…
The business environment optimization and investment promotion conference of Baoshan district takes place in Shanghai on Wednesday. [Photo provided to chiandaily.com.cn] The business environment optimization and investment promotion conference of Baoshan district was held in Shanghai on Wednesday. During the conference, 36 key projects with a total investment exceeding 30 billion yuan ($4.1 billion) were…
Toyota Motor Corporation announced Wednesday to sign a comprehensive partnership agreement on carbon neutrality with Shanghai and will establish a new wholly owned company in the city’s Jinshan district to develop and produce battery electric vehicles (BEVs) and batteries. Under this partnership with the Shanghai municipal government, Toyota, which has been present in the Chinese…
Chinese onshore technology shares jumped on the first trading day following the Spring Festival holiday, underscoring reviving investor confidence despite tariff hikes from the United States, as homegrown artificial intelligence models make strides, analysts said. The STAR 50 Index, which tracks Shanghai’s sci-tech innovation board, rose 2.9 percent to close at 982.83 points on Wednesday,…
A view of the Huangpu River in Shanghai. [Photo/VCG] The latest business environment improvement action plan released in Shanghai on Wednesday will help the city better address market entities’ needs and inject more vitality into the city’s economic growth, said officials and market experts. Their comments were made on Wednesday when the Shanghai municipal government…
SHANGHAI/TOKYO — In a strategic move to bolster its presence in the world’s largest automotive market, Japanese automaker Toyota Motor Corp announced on Wednesday that it will construct a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai. The plant, located in Jinshan district in Southwest Shanghai, will develop a new battery electric vehicle under…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING — China’s Ministry of Commerce will extend anti-dumping duties levied on potato starch imported from the European Union (EU) for another five years, starting Thursday. If anti-dumping measures are terminated, the dumping of imported potato starch from…
A flying car on display during the Guangdong Provincial High-Quality Development Conference in Guangzhou, Guangdong province, on Wednesday. [CHEN JIMIN/CHINA NEWS SERVICE] Guangdong province in South China has indicated that it will spare no effort in developing the two major industries of artificial intelligence and robotics, establishing new pillars of high-tech, high growth and large-scale…
BEIJING — China’s annual trade in services exceeded $1 trillion for the first time last year, demonstrating significant potential for further growth. China’s services import and export value amounted to a record-high of 7.5 trillion yuan (about $1.05 trillion) in 2024, expanding 14.4 percent year-on-year, according to the latest data from the Ministry of Commerce…
The United States government’s latest move to eliminate a “de minimis” tariff exemption for small packages and low-value items imported from China will disrupt the normal international trade order, wreak havoc in the fast-growing cross-border e-commerce industry, and ultimately hurt the interests of US consumers, said experts and industry insiders on Wednesday. They added that…