China’s powerful State-backed investors are piling into the country’s top artificial intelligence startups, turning the efforts over large language models from a venture capital frenzy into a strategic national move over technological self-sufficiency. Moonshot AI, a leading Beijing-based startup behind the Kimi chatbot, has added a cluster of State-backed funds and government-linked investors to its…
A panoramic view of the Elga open-pit mine. With 2.2 billion metric tons of reserves, the mine is the largest coking coal deposit in Russia and one of the largest in the world. CHINA DAILY Nestled in the permafrost region of Yakutia in Russia’s Far East, the Elga Coal Complex has become a symbol of…
Jobseekers talk with recruitment representatives at an artificial intelligence (AI) job fair held in Hangzhou, East China’s Zhejiang province, on June 28, 2025. [Photo/Xinhua] The accelerating adoption of artificial intelligence is increasingly reshaping hiring trends and workplace dynamics, as companies race to recruit AI talent while workers scramble to adapt to the technology’s growing influence,…
A fully loaded ore carrier berthed at the Caofeidian Port Area of Tangshan Port in Hebei province on Sunday. GUO YANQI/CHINA DAILY The fully loaded 400,000-metric-ton-class ore carrier Yuan Jian Hai berthed at Caofeidian Port Area of Tangshan Port in Hebei province on Sunday, marking a new phase in regular full-load berthing for such ultra-large…
URUMQI — A new kind of hub is emerging in the landscape of energy-rich Northwest China. Instead of oil derricks, these centers are filled with rows of server racks. Inside a 200-square-meter room at the Tianshan Smart Valley Advanced Computing Cluster in Hami, Xinjiang Uygur autonomous region, hundreds of servers hum day and night. In…
Investors’ expectations for rising housing prices in China have rebounded as policy support and improving market activity stabilize the property sector, according to a new survey released by Cheung Kong Graduate School of Business. About 45.2 percent of respondents now expect housing prices to increase, up 8.6 percentage points from the previous survey in December,…
Borouge’s booth is seen during an expo in Shanghai in April 2026. [Photo provided to China Daily] China is no longer just a super-sized market — it is rapidly transforming into a dynamic innovation hub where global companies come not only to sell, but to create and collaborate, a senior business executive told China Daily.…
Philipp Lotter China is poised to play an even bigger role in the global trade and economic system as its innovation-driven industrial policies strengthen domestic competitiveness and accelerate industrial self-reliance, said an executive of a global credit rating agency. “The global supply chain is more fragmented but still interconnected, where China plays and continues to…
China’s wine imports in the first quarter show signs of stabilization after a period of adjustment, said the General Administration of Customs. In March, wine imports reached 16.64 million liters, up 16.78 percent from a year earlier, with a value of $78.35 million, a 3.68 percent increase. However, cumulative figures for the first quarter show…
Visitors gather at YMTC’s booth during a high-tech expo in Wuhan, Hubei province, on April 19. CHINA DAILY China’s leading flash memory maker, Yangtze Memory Technologies Co (YMTC), has officially begun its initial public offering process with plans to list on Shanghai’s STAR Market, marking a major milestone for the country’s semiconductor industry. The filing…