Yin Xiaolong, general manager of Visa Chinese mainland. [Photo provided to chinadaily.com.cn] Shanghai’s inbound consumption is heading in an upward direction, according to data for the first quarter of 2026 released by Visa. The data indicated that Shanghai’s inbound tourism numbers increased by 29.1 percent year-on-year, while the offline card transaction amount has increased by…
An AI digital chassis is displayed at the Smart Vehicle exhibition area during the fourth China International Supply Chain Expo (CISCE) in Beijing, capital of China, June 23, 2026. [Photo/Xinhua] BEIJING — Artificial intelligence is fast becoming a reliable engine of growth for China’s industrial transformation. From factories and mines to classrooms and hospital wards,…
China’s Ministry of Commerce has expressed opposition to the British government’s nationalization of British Steel, saying the move seriously harms the legitimate rights and interests of its Chinese owner Jingye Group, and undermines the confidence of Chinese companies investing in the United Kingdom. The ministry issued the remarks via a statement on Friday after the…
Guided by multilateralism and an open, inclusive mindset, China has proactively advanced global artificial intelligence governance and international collaboration, contributing Chinese solutions to fuel global growth in the intelligent era. Zhou Haibing, deputy director of the National Development and Reform Commission, said that China took the lead in rolling out the Global AI Governance Initiative,…
Consumers take photos of Lego exhibits at a shopping center in Shanghai on June 15. CHEN YUYU/FOR CHINA DAILY Lego Group is betting on the country’s expanding toy market by investing in retail innovation, locally relevant branding and adult-focused products as the Danish toymaker ramps up the next phase of growth. The company’s strategy is…
China is set to roll out a new package of measures to further facilitate cross-border investment and financing, the State Administration of Foreign Exchange said on Friday. The measures will focus on further facilitating direct investment, advancing high-standard opening-up in cross-border financing and streamlining registration procedures for capital-account transactions, said Xiao Sheng, head of SAFE’s…
For Samar Kerkeni from Monastir, a coastal city in Tunisia, the trip marked her first close-up encounter with China’s coastline. “It’s so beautiful. I love… Read More »A Date with Shandong: Drift into Yantai’s coastal wonders
For Samar Kerkeni from Monastir, a coastal city in Tunisia, the trip marked her first close-up encounter with China’s coastline. “It’s so beautiful. I love… Read More »A Date with Shandong: Drift into Yantai’s coastal wonders
Visitors try their hand at novel devices at the SMC Shanghai Foundation Model Innovation Center during a WAIC City Walk. CHINA DAILY As the 15th Five-Year Plan (2026-30) outline calls for seizing the commanding heights of industrial artificial intelligence applications and delivering comprehensive empowerment to all sectors of the economy, the nationwide AI-driven industrial transformation…
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