A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province.[ZHENG XUEXIONG/FOR CHINA DAILY] More companies in China will increase investments in digital technologies and drive continuous transformation through advanced technologies led by artificial intelligence, as generative AI can unlock an additional $2.86 trillion in economic value in China by 2038, according…
Technicians check solar panels in Zhoushan, Zhejiang province. [Photo by YAO FENG/FOR CHINA DAILY] BEIJING – China has made historic breakthroughs in green and low-carbon energy development over the past decade amid its quest for a sustainable future, according to a white paper issued Thursday. As China continuously pushed reform of its energy production and…
A view of the booth of Meitu Inc during an expo in Fuzhou, Fujian province. CHINA DAILY XIAMEN – Chinese internet company Meitu reported on Wednesday that its revenue in the first half of 2024 increased by 28.6 percent year-on-year to 1.62 billion yuan ($227.5 million). During the period, Meitu recorded an adjusted net profit…
While the renminbi’s internationalization has been advancing steadily amid the completion of related institutional arrangements and rising international investor interest in yuan-based assets, continued efforts can be made to facilitate the development of the offshore RMB market so that the currency can play an even bigger role globally, said experts. Their comments come as the…
Cars that are part of a vehicle trade-in program are on display at an auto expo in Yantai, Shandong province. [TANG KE/FOR CHINA DAILY] China’s new round of vehicle trade-in program, initiated recently, is part of the country’s efforts to further catalyze the consumption of big-ticket items and boost economic growth in the second half,…
The SAIC Anji cargo ship exports vehicles from Yantai Port in Shandong province on May 15. [TANG KE/FOR CHINA DAILY] Chinese carmakers and the country’s leading auto association have expressed opposition to the EU’s latest draft plan on charging extra duties on China-made EVs but said they remain committed to exploring European markets. In July,…
With charging infrastructures for new energy vehicles accelerating, as well as features such as intelligence, low-cost use and convenience, NEVs are now increasingly recognized by consumers, with more and more opting to buy them in China. In July, the retail sales of passenger cars reached 1.72 million units in the country, with new energy vehicle…
Individual income tax revenue is closely related to people’s income. News outlet Yicai released a top 10 ranking recently based on the 2023 budget performance and 2024 drafted budget of provinces, autonomous regions and municipalities. The personal income tax revenue here only refers to the individual income tax revenue in the local general public budget…
Yin Kai (R) adjusts his movements under the instruction of a motion capture crew member at a workshop in Shenzhen, South China’s Guangdong province, Aug 28, 2024. [Photo/Xinhua] BEIJING — Light attack, heavy attack, dodge, immobilization, and transformation… as millions of “Black Myth: Wukong” players fight their foes with unrestricted combos of skills and abilities,…
A worker from State-owned China Railway 20th Bureau Group Corp waters plants near a section of the Andes National Road project in Peru in late July. [Photo/China Daily] BEIJING – China has worked with Belt and Road Initiative (BRI) partner countries to deepen the energy transition, advance green cooperation, and achieve sustainable development, said a…