Eyeing the rapid development of artificial intelligence technology, Wuxi Economic Development Zone (WEDZ) in Jiangsu province will build itself into a hub for AI technology innovation and applications, officials said during a high-tech conference in the city on Friday. Measures tailored to the city’s ambitious plan were also unveiled at the event, including special funding…
Lujiazui, Shanghai’s financial center, forms a perfect backdrop to Shanghai’s Bund. [Wang Gang/For China Daily] China is taking steps to establish a well-functioning and sustainable regulatory mechanism for enterprise-related fees aimed at anchoring expectations of market players of all types and boosting their confidence in future growth, the State Council, the country’s Cabinet, said on…
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Brazilian mining company Vale SA logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, US. [Photo/Agencies] Vale and HBIS Group signed a Memorandum of Understanding in Beijing on Thursday to deepen collaboration on decarbonization and jointly promote the green and low carbon development of the…
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A BMW M5 model is showcased at the 2024 the China International Import Expo in Shanghai. [Photo by Li Fusheng/chinadaily.com.cn] BMW Group is fast-tracking its evolution into a technology-driven company, with China playing a pivotal role in its strategy. The German premium automaker has ramped up investment in research and development, navigating challenges in an…
SHANGHAI — Tesla’s new Megafactory in East China’s Shanghai on Friday exported its first batch of Megapack energy-storage batteries, the company announced. It took the new Megafactory just over a month after its production launch to achieve its first export, with the batteries being transported from Shanghai Port to Australia. This export highlights Tesla’s further…
Sino Biopharmaceutical Limited, or Sino Biopharm, expects to have approximately five innovative products approved in China each year, bringing the total of its innovative products to at least 30 by 2027, the company announced at a conference on Thursday, where it released its 2024 annual results. Such continuous innovation efforts demonstrate the company’s commitment to…
Editor’s Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. To help in assessing the success of the process, we have asked multinational executives to share with our readers their insights about their business achievements in the past few years and further expectations in the years to come. (From left…