In 2024, the share of renewable energy sources in transport reached 11.2% at the EU level, a 0.2 percentage points (pp) increase from 2023. When the time series began in 2004, this share stood at 1.4%. The 2024 share was 17.8 pp lower than the 29% target for 2030 on the use of energy from renewable…
A residential property project under construction in Hangzhou, Zhejiang province. LONG WEI/FOR CHINA DAILY Real estate development projects that have been placed on a “white list” under China’s financing coordination mechanism are expected to secure extensions on their existing loans, provided they meet specific conditions and standards, said industry insiders. The new move will provide…
With artificial intelligence moving toward full-scale deployment, the industry’s conversation is shifting from “what models can generate” to “what systems are allowed to decide,” industry observers said. Their remarks came as the recently concluded 2026 Consumer Electronics Show (CES), the world’s premier technology event, showcased agentic systems that go beyond content generation, such as Amazon’s…
Liao Min, vice-minister of finance, Li Xianzhong, director general of the Comprehensive Department of the Ministry of Finance (MOF), and Yu Hong, director general of the Department of Finance of the MOF, attend a press conference held by the State Council Information Office (SCIO) on implementing a proactive fiscal policy for high-quality economic and social…
China will continue to expand high-level opening-up and steadily advance institutional opening-up, officials said on Monday, as the Investment Promotion Agency of the Ministry of Commerce unveiled an extensive program of domestic and overseas promotion activities for 2026. The Chinese and Foreign Investment Promotion Agencies Conference, hosted by Investment Promotion Agency in Beijing, is part…
China will continue to expand high-level opening-up and steadily advance institutional opening-up, officials said on Monday, as the Investment Promotion Agency of the Ministry of Commerce unveiled an extensive program of domestic and overseas promotion activities for 2026. The Chinese and Foreign Investment Promotion Agencies Conference, hosted by Investment Promotion Agency in Beijing, is part…
Deputy Director-General Zou Ciyong from the United Nations Industrial Development Organization (UNIDO) praises the rapid development and tremendous potential of the Indonesia Morowali Industrial Park (IMIP)—a landmark project between China and Indonesia under the Belt and Road Initiative framework. [Photo provided to chinadaily.com.cn] A senior official from the United Nations Industrial Development Organization (UNIDO) has…
China’s gross domestic product expanded by 5 percent in 2025 despite pressures, meeting the country’s preset annual growth target of around 5 percent, official data showed on Monday. The country’s annual GDP came in at 140.19 trillion yuan ($20.13 trillion) in 2025, according to the National Bureau of Statistics. For the fourth quarter of 2025,…
Participants explore exhibits at the “Thousand Museums and Porcelain Pieces” in the Digital-Intelligent Exhibition Hall in Jingdezhen, Jiangxi province, during the World Internet Conference event “Journey into Outstanding Cases – Journey into the Digital Porcelain Capital”, on Jan 15, 2026. [Photo provided to chinadaily.com.cn] The World Internet Conference organized an event themed “Journey into Outstanding…
Consumers check out an XPeng new energy sedan at a shopping mall in Wuhan, Hubei province, on Jan 14. ZHAO JUN/XINHUA China’s automobile industry set records in both production and sales in 2025, maintaining its top position globally for the 17th consecutive year, according to the China Association of Automobile Manufacturers. New energy vehicles and…