BYD’s second-generation Blade Battery packs attract visitors at an event in Shenzhen, Guangdong province, on March 6, 2026. [Photo by Wang Yuchen/chinadaily.com.cn] BYD on Thursday unveiled its second-generation Blade Battery and flash-charging technology, which it described as a new major breakthrough in electrification, as the Chinese automaker seeks to address key pain points in China’s…
This undated photo shows a bird’s eye view of Qianhai of Shenzhen, Guangdong province, China. [PHOTO PROVIDED TO CHINA DAILY] China’s push to further expand opening-up will strengthen investor confidence and support economic growth by creating a more predictable business environment and broader market opportunities for foreign enterprises, said market watchers and business executives on…
The departure of the technical lead behind Alibaba Group’s Qwen large language model was triggered by an internal reshuffle of responsibilities, as the company elevated the AI project to a group-level strategic priority, a source familiar with the matter told China Daily, countering speculation that the move reflected broader turmoil within the team. The move…
As narrowing net interest margins squeeze traditional lending profits, many banks are shifting their focus toward boosting intermediary business income, making asset-light businesses a key pillar in reshaping their revenue models, analysts said after lenders outlined their 2026 priorities at recent work conferences. Some banks also made it clear in their key task plans for…
In 2025, the regional gross domestic product of Shanghai’s Changning district totaled 289.8 billion yuan ($42 billion). The average annual growth rate of GDP during the 14th Five-Year-Plan period (2021-25) reached 7 percent, ranking first in the city, an investment promotional meeting held in Changning on Tuesday showed. Also, according to the meeting, the district,…
A technician inspects semiconductor chip packaging in Binzhou, Shandong province, on Jan 28. GUO ZHIHUA/FOR CHINA DAILY Leading figures in China’s semiconductor industry are urging the central government to launch a coordinated national initiative to develop homegrown advanced lithography systems, intensifying Beijing’s push for technological self-sufficiency amid ongoing export restrictions. In a signed article published…
HANGZHOU — In parts of China where heavy snowfall is rare, ski resorts are drawing growing crowds, fueled by advances in snowmaking technology, the rapid growth of indoor ski resorts and rising enthusiasm for winter sports among southern Chinese holidaymakers. At SkyLand, a ski resort, located over 1,100 meters above sea level in Anji county…
Chinese e-commerce platform JD reported a drop in annual profit on Thursday, with heavy investment in its food delivery service having an impact on earnings. According to the company’s earnings report for the quarter and full year ended 2025, net revenue for the fourth quarter reached 352.3 billion yuan ($49 billion), up 1.5 percent from…
China’s slightly lower GDP growth target of 4.5 to 5 percent for this year signals what experts view as a pragmatic adjustment that will be paired with robust policy support aimed primarily at strengthening domestic demand. In the Government Work Report submitted on Thursday to China’s top legislature for deliberation, the government outlined proactive fiscal…
Zhou Hongyi, a member of the 14th National Committee of the Chinese People’s Political Consultative Conference and founder of 360 Security Group, answers reporters’ questions at the Great Hall of the People on Thursday. ZOU HONG/CHINA DAILY As China’s artificial intelligence industry enters a new phase of development, a national political adviser has proposed a…