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Contingent liabilities and non-performing loans in 2023

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Musk impressed by video of Wuxi’s Zen town

Renowned tech entrepreneur and CEO Elon Musk showed his appreciation on Jan 31 by liking a video on the X platform (formerly known as Twitter) that highlights the Nianhuawan Bay Scenic Area in Wuxi, located in East China’s Jiangsu province. The video showcases the breathtaking Nianhuawan Bay, including aerial drone and vibrant fireworks displays, creatively…

China’s cultural sector posts stable growth in 2024

People shop at the Beicang Cultural and Creative Block in Jiangbei district of Southwest China’s Chongqing municipality, Feb 15, 2024. [Photo/Xinhua] BEIJING — China’s cultural industry maintained its steady expansion in 2024, with new business models continuing to flourish, official data showed Monday. The surveyed 78,000 enterprises in the sector generated a combined revenue of…

Chinese provinces set tailored plans to support emerging, future industries

This photo taken on Feb 1, 2024 shows a NEV production line at the Nio Second Advanced Manufacturing Base in Hefei, East China’s Anhui province. [Photo/Xinhua] BEIJING — Chinese provinces have outlined plans this year to strengthen support for tech-intensive industries, most of which are tailored to local conditions. In their annual government work reports…

GDP stable in the euro area and up by 0.1% in the EU

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EU services exports reach €1 427 billion in 2023

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China to help spur innovation of NEVs

A Nio SUV parks up in a battery swapping station in Suzhou, Jiangsu province. [Photo provided to China Daily] China is expected to push the high-quality development of its leading new energy vehicle sector with a slew of policies ranging from electrifying bus fleets to drafting battery swapping standards, according to a senior official. Zhang…

Growing investor interest in AI companion robots

A robot makes coffee at a park in Guangming district of Shenzhen, Guangdong province, on Nov 27. [Photo/Xinhua] SHENZHEN — Able to accompany children at night and even alert parents of potential mental health risks in kids, an AI (artificial intelligence) companion robot for children developed by a Chinese company recently completed an early stage…

Sound eldercare system key to modernization

CAI MENG/CHINA DAILY For China to achieve Chinese modernization, the huge population base is a significant factor to focus on. Its aging population, which is relatively large on a global basis and still increasing, also requires efforts to properly address the situation. With an aging society that does not possess sufficient wealth to navigate the…

First-store economy going full throttle

People tour the Canton Tower business area during its debut in Guangzhou, Guangdong province, on Dec 28. WU WENJUN/FOR CHINA DAILY As new brands become key in driving traffic to China’s urban commercial spaces, the sustained rise of the “first-store economy” has further stimulated consumer appetite. First-store economy refers to a model in which various regions…