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China’s fiscal policy to place greater emphasis on openness, shared benefits over next five years: finance minister

BEIJING — China’s fiscal policy will place greater emphasis on openness and shared benefits over the next five years, allowing countries worldwide to share in its development opportunities, Minister of Finance Lan Fo’an said on Sunday. Against a backdrop of subdued global economic momentum, China will pursue a proactive fiscal policy at home while strengthening…

The Jinjiang way: Powering consumption

Anta’s Olympic series sports products on display at a museum in Jinjiang, Fujian province on Aug 22, 2024. [Photo/Xinhua] To understand how China plans to unlock domestic demand in the years ahead, look no further than a single city’s playbook unfolding in Beijing. Launched on March 15 and running for one month, the “Super Jinjiang,…

Daily token surge heralds rapid commercialization of China’s AI

China’s rapid push to build high-quality data sets is accelerating the commercialization of artificial intelligence, with daily token usage surging more than 1,000-fold in two years, a senior official said on Tuesday. Liu Liehong, head of the National Data Administration, said at a State Council press conference that the government is prioritizing the development of…

China’s first 550-megawatt F-class gas turbine unit starts power generation

BEIJING — China Huadian Corporation Ltd announced on Saturday that the country’s first 550-megawatt F-class gas turbine unit has officially started generating power after completing 168 hours of full-load operation, marking a new breakthrough in the application of large-capacity, high-efficiency clean energy equipment. The unit is part of the Huadian Chongqing Tongnan gas power project…