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Investments in key energy projects surge in 2025

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China’s investment in key energy projects surged to a record 3.5 trillion yuan ($505 billion) in 2025, as the world’s largest energy consumer immensely expanded its renewable capacity while reinforcing domestic energy security, according to authorities. The nearly 11 percent year-on-year growth in energy spending significantly outpaced other sectors of the Chinese economy, according to…

China’s stock exchanges optimize refinancing rules to support innovation

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BEIJING – The Shanghai, Shenzhen and Beijing stock exchanges on Monday announced a package of measures to optimize refinancing rules to support high-quality listed companies. The move aims to better support the innovative development of high-quality listed companies, accommodate the refinancing needs of sci-tech enterprises, enhance the flexibility and convenience of refinancing, and refine oversight…

AI drives shift in new-type power systems

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This photo taken on Nov 15, 2025 shows a view of a wind farm built by the Xizang branch of Huadian New Energy Group Co Ltd in Qonggyai county, Southwest China’s Xizang autonomous region. [Photo/Xinhua] China’s push to fuse artificial intelligence with new-type power systems is steering a paradigm shift toward integrated, data-driven intelligent automation,…

Green energy transition brings fortune across China

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An aerial image shows CR23G’s 1,000-megawatt photovoltaic desert-control project in Minfeng county, Hotan prefecture, Xinjiang Uygur autonomous region. CHINA DAILY CHANGCHUN — Amid the freezing cold and snow-covered houses of his village in Northeast China’s Jilin province, Kong Xiangling moves comfortably around the kitchen before the Chinese New Year holiday, tending a biomass stove as…

Innovent, Lilly ink pact for novel drugs

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Researchers seen at a lab of Innovent Biologics in Suzhou, Jiangsu province. YANG HAISHI/FOR CHINA DAILY Innovent Biologics has entered into a strategic collaboration with US pharmaceutical giant Eli Lilly and Company to jointly advance novel medicines in oncology and immunology, a deal that reflects the growing integration of leading Chinese biopharmaceutical companies into the…

Shanghai tops in ease of doing biz

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A composite-coated rigid inflatable boat is seen at the booth of Michelin at the Automobile and Smart Mobility exhibition area of the eighth China International Import Expo (CIIE) in East China’s Shanghai, Nov 8, 2025. [Photo/Xinhua] Shanghai is not only a good place for businesses to grow, but also a place that is willing to…