China’s automotive supply chain is accelerating its shift toward a more internationalized model, supported by the country’s lead in intelligent electric vehicle technology and Chinese brands’ growing market share abroad, while rising overseas demand and policy shifts in key markets accelerate localization and overseas investment. Since October 2025, more than 15 Chinese automakers and auto-parts…
An aerial photo shows the China Mobile Hohhot Data Center in Hohhot, North China’s Inner Mongolia autonomous region, on May 20. CHEN QIAN/XINHUA HOHHOT — On a prairie in Hohhot, capital of North China’s Inner Mongolia autonomous region, the wind that has swept the grasslands for millennia now turns massive turbines, generating green electricity that…
Shanghai aims to become one of the world’s top three cities by economic scale within this decade, driven by an ambitious annual GDP growth target that was outlined in the draft of the city’s 15th Five-Year Plan (2026-30). Already one of China’s most dynamic economic hubs and the first city to surpass the GDP mark…
A view of an ongoing import fair in Gakyiling Plaza Shopping Mall in Lhasa, Xizang autonomous region. PALDEN NYIMA/CHINA DAILY Lhasa, capital of the Xizang autonomous region, achieved a historic economic milestone in 2025, with its GDP hitting 109 billion yuan ($15.7 billion). “This not only marks the emergence of Xizang’s first city with a…
Visitors experience smart glasses at TCL’s exhibition area during the 2026 Consumer Electronics Show in Las Vegas, the United States, on Jan 6. ZENG HUI/XINHUA The past year has witnessed rapid progress in artificial intelligence-powered smart devices in the country. Whether at product launches or in interviews with business executives and market analysts, a common…
A drone photo shows ships under construction at a shipbuilding base in Lianyungang, East China’s Jiangsu province, Feb 2, 2026. China’s shipbuilding industry maintained the world’s largest market share in terms of three major indicators for the 16th consecutive year in 2025, according to data released by the Ministry of Industry and Information Technology on…
China has rolled out a prize invoice pilot program across about 50 cities, marking the first national-level push to revive the initiative in 36 years as Beijing seeks to stimulate consumer demand and strengthen economic momentum. The pilot, launched by the Ministry of Finance, the Ministry of Commerce and the State Taxation Administration last month,…
For Huang Xiaozhen, the future of artificial intelligence isn’t about computing power or algorithmic scale, but about something far more ordinary: the quiet click of a light switch. As head of business-to-business operations at MiniMax Group Inc, a rising Chinese AI unicorn, Huang sees the current wave of innovation less as a technological leap than…
In 2025, 52.7% of EU enterprises used paid cloud computing services (i.e. online services used to access software, computing power, storage capacity, etc.), marking a 7.4 percentage point (pp) increase compared with 2023. A more substantial increase was registered compared with 2014, when 17.8% of enterprises used paid cloud services. The highest shares of enterprises…
BEIJING — China’s State Taxation Administration (STA) said Sunday it has released an announcement to adjust and improve export tax rebate management regulations to make declaration and handling processes more convenient and efficient. The announcement integrates various export tax rebate and exemption regulations issued at different times into a unified set of administrative measures. It…