China Southern Power Grid (CSG) is accelerating a massive expansion of its hydropower portfolio, with plans to build eight new pumped-storage stations that are expected to trigger approximately 130 billion yuan ($18.1 billion) in total industrial investment. The State-owned utility’s initiative comes as China enters its 15th Five-Year Plan period, aligning with national goals to…
Researchers work on cosmetics formula at Kans’ research and development center in Shanghai in 2025. [Photo provided to chinadaily.com.cn] How many bottles of lotion can a smart factory produce per day? For domestic beauty brand Kans, the answer is 3.5 million. With an investment of 1.2 billion yuan ($172.8 million), the brand’s smart factory is…
The Standard Chartered area at the eighth CIIE in Shanghai, on Nov 7, 2025. [Photo/VCG] Standard Chartered China opened a priority private center in its Shenzhen Bay subbranch on Wednesday to support the high-quality development of China’s wealth management sector. The move followed the establishment of priority private centers, which are dedicated to providing custom-made…
Volkswagen AG said on Wednesday that it had delivered the China Electronic Architecture in late 2025 as scheduled, marking a significant step in its local vehicle development capabilities in the world’s largest automotive market. “In just 18 months, we have for the first time built a completely new, scalable electronic architecture from development all the…
ASEAN economies are seeking to cooperate to shape a future for artificial intelligence that is inclusive, skills-driven and ethically grounded, said industry experts at a major international forum recently. That push for a stronger Global South voice in AI governance took center stage at the 2026 China-ASEAN AI Capacity-Building Training Program and High-Level Seminar on…
In the wake of the United States’ export controls on advanced chips, China’s push for self-sufficiency in artificial intelligence processors is gaining remarkable momentum, with at least nine domestic chip companies having surpassed a significant threshold of 10,000 units in terms of order shipments, according to experts and executives. This 10,000-chip club signals that domestic…
Diverse collection of lanterns lights path to celebrations as city installs a fusion of tradition, craftsmanship and technology, Wang Xin reports. As the Chinese New… Read More »Festival illuminates Year of the Horse
Editor’s note: China Daily reporters leverage local expertise to devise diverse itineraries that showcase a blend of historical landmarks and natural wonders in highly recommended… Read More »Where China’s last Tuva dwell
Foreign tourists ride an ice bicycle on Jan 8 at the Sun Island scenic spot in Harbin, the capital of Heilongjiang province. An ongoing snow… Read More »Wintry fun a hot draw for tourists from near and far
The People’s Bank of China has recently signed a memorandum of cooperation with the Central Bank of Sri Lanka to establish renminbi clearing arrangements in Sri Lanka, said a statement released by China’s central bank on Wednesday. The establishment of renminbi clearing arrangements will facilitate the use of the Chinese renminbi in cross-border transactions by…