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China to promote high-quality development in copper industry

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BEIJING — China aims to enhance the resilience and security of its copper industrial and supply chains over the next few years, according to an implementation plan published on Tuesday. China will strive to increase its copper ore reserves by 5 percent to 10 percent by 2027, and further improve the level of recycled copper…

Fast-food giants deepen market reach in 2024

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A view of a KCOFFEE cafe in Beijing in September. [CHINA DAILY] Fast-food giants Yum China and McDonald’s China expanded rapidly in 2024, opening record numbers of new stores and deepening their market presence. With a focus on operational efficiency, product innovation — especially in coffee — and increased reach in lower-tier cities, both companies…

SCIA boosts global ventures of Chinese enterprises

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View of 2025 SCIA Spring Reception. [Photo provided to chinadaily.com.cn] As the global influence of the Guangdong-Hong Kong-Macao Greater Bay Area in arbitration continues to grow, the Shenzhen Court of International Arbitration, or SCIA, is supporting Chinese business enterprises in their global ventures. It’s also contributing to international trade and economic exchanges, according to industry…

EU produced €4 363 million worth of jewellery in 2023

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GDP and employment both up by 0.1% in the euro area

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EU economy greenhouse gas emissions: -0.6% in Q3 2024

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Intelligent driving a new engine for China’s NEV industry

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A BYD Yangwang U9 is on display during the Brussels Motor Show 2025 in Brussels, Belgium, on Jan 10, 2025. [Photo/Xinhua] With several automakers unveiling plans to accelerate the adoption of artificial intelligence and advanced technologies, intelligent driving injected new vitality into the NEV industry, the China Securities Journal reported on Tuesday. China’s automaker BYD…

Shanghai FTZ launches new cross-border data service centers

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An aerial view of the Lin-gang Special Area of China Shanghai Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] The five administrative bureaus under the China (Shanghai) Pilot Free Trade Zone officially launched service centers on Thursday to facilitate cross-border data flow and help better implement the recently released negative list for data export. The…

Alibaba’s Qwen offers cheaper alternative to DeepSeek

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Chinese tech giant Alibaba Group Holdings Ltd’s Qwen model offers a low-cost DeepSeek alternative as US computer scientists have successfully developed a new reasoning model that has been trained for less than $50 with the help of Alibaba’s open-source technology. Several researchers from Stanford University and the University of California, Berkeley have trained their AI…

Jeffrey Sachs: Trump’s tariff policy bound to fail

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Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University. [Photo provided to China Daily] The United States President Donald Trump’s aggressive tariff policy is bound to fail, as he overestimates the US market’s significance for China and lacks the leverage he believes Washington has over Beijing, said a senior US economist. Trump’s…