China is deepening its commitment to human-centric development by significantly increasing investment in social well-being, officials said on Tuesday, as the country seeks to tackle pressing issues faced by the public and ensure more equitable access to basic social services. Xiao Weiming, deputy secretary-general of the National Development and Reform Commission, said the share of…
TIANJIN — The central processing platform for the phase I development of Kenli 10-2 oilfield has successfully completed float-over installation, breaking records for both size and weight of offshore oil and gas platform installations in the Bohai region, Tianjin-based Offshore Oil Engineering Co Ltd announced on Sunday. The central processing platform is a three-deck, eight-legged…
Spurred by China’s rapid advances in artificial intelligence, Swiss technology company ABB Group will ramp up its innovation efforts in the robotics sector to outpace its rivals in the country’s increasingly competitive market, said a senior executive. Sami Atiya, president of ABB robotics and discrete automation business area and a member of ABB’s executive committee,…
In pursuit of greener growth, China is steadily incorporating resources and environmental factors into the market framework as tradable production inputs, ensuring their value is more visible across the economy. The latest move came in late May, when Chinese authorities unveiled a high-level guideline to accelerate the development of trading markets for carbon emission rights,…
Visitors inspect an Onvo L60 at the 2025 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen, Guangdong province, on May 31. CAO YINGYING/CHINA DAILY In a critical period of the auto industry’s transition toward intelligence and electrification, the Chinese market has been caught in a fierce price competition. The trend has drawn opposition from…
Huozhou Coal & Power’s Liyazhuang Mine under Shanxi Coking Coal Group is bolstering the adoption of DeepSeek AI technology to build a benchmark for smart mining. [Photo provided to chinadaily.com.cn] The country is bolstering the adoption of DeepSeek AI technology, which has created a buzz in global tech circles, into various fields of the industrial…
HAIKOU — The China marine economy development index, a key gauge of progress in the country’s ocean economy, climbed 2.3 percent year-on-year to 125.2 in 2024, signaling a robust expansion in the marine sector. The index was released by the Ministry of Natural Resources on Sunday to mark the World Oceans Day. Data shows that…
Starbucks China to cut prices across its non-coffee beverage line up from tomorrow. [Photo provided to chinadaily.com.cn] Starbucks China has announced a price reduction across its non-coffee beverage offerings, aiming to expand its presence in the competitive beverage market. Starting June 10, dozens of offerings—including Frappuccinos, Iced Shaken Teas, and Tea Lattes—will see an average price…
A view of Beijing’s CBD area. [Photo/VCG] As global firms navigate rising geopolitical and economic uncertainties, China will remain a critical pillar in their long-term growth strategies, said executives from European business chambers and corporations. Remi Paul, president of the French Chamber of Commerce and Industry in China, said an increasing number of French companies…
The initial quality of new energy vehicles in China has declined for the second consecutive year, with an average of 226 problems reported per 100 vehicles, according to a J.D. Power study released on Thursday. That figure marks a 16-problem increase from 2024 but suggests a slowing rate of decline compared to the 37-problem rise…