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Tesla to hike investments in AI, energy

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Potential buyers look at a vehicle at a Tesla store in Shijiazhuang, Hebei province. TANG KE/FOR CHINA DAILY Tesla plans to increase investments in artificial intelligence hardware and software as well as the energy sector in China this year, a senior executive said. Tao Lin, vice-president of Tesla, said at a recent media briefing in…

First 7S humanoid store turns heads

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A child interacts with a robot at the world’s first 6S robot store in Longgang district of Shenzhen, South China’s Guangdong province, on Jan 16. LIANG XU/XINHUA WUHAN — At 10 am sharp, two 1.3-meter-tall humanoid robots at a storefront in Wuhan, capital of Central China’s Hubei province, sprang to life, twisting and turning in…

Tianjin’s teahouses turn laughs into hot biz

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TIANJIN — A traditional crosstalk teahouse in a shopping mall in the northern Chinese port city of Tianjin experienced one of its biggest crowds of the year during the Spring Festival holiday. Most of the audience consisted of out-of-town visitors, and tickets were often sold out quickly. Qianxiangyi, a century-old brand once known as a…

Festival spells biz bonanza for banks

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A view of a duty-free shop in Haikou, Hainan province, during the Spring Festival. SU BIKUN/FOR CHINA DAILY As millions of Chinese pack into reunion banquets and splurge on holiday payments, the Spring Festival spending boom has become a high-stakes battleground for banks. In the race to dominate these lifestyle scenarios, commercial lenders are sharpening…

Outdoor firm’s success fuels expansion

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A customer enjoys music at Salomon’s flagship store in Chengdu, Sichuan province, on Dec 25. CHINA DAILY Amer Sports Inc, a global sporting goods conglomerate behind brands such as Arc’teryx, Salomon and Wilson, reported robust growth for fiscal year 2025, driven by solid performance from its outdoor divisions. Salomon, a leader in outdoor performance gear,…

Export curbs issued against Japanese entities with military connections

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China has accelerated enforcement of export control measures against Japanese entities with military ties, which officials and experts said sends a clear signal urging Japan to withdraw provocative remarks on Taiwan while curbing Japan’s remilitarization and its attempt to possess nuclear weapons. If the Japanese administration continues down this wrong path, it will further endanger…

China, ROK reach agreement in anti-dumping case

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China and the Republic of Korea, or ROK, reached an agreement on a price undertaking in the final stage of the hot-rolled coil anti-dumping case on Monday, according to the Ministry of Commerce’s website. Both sides agreed that replacing anti-dumping duties with a price undertaking aligns with the industrial interests of them both and enhances…

Trade in goods with the United States in 2025

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Slight decline in gross fixed capital formation in 2024

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