State Grid Kezhou Power Supply Co has completed its first local use of drone-based material hoisting for live-line maintenance in Kizilsu Kirgiz autonomous prefecture, Northwest China’s Xinjiang Uygur autonomous region, as part of efforts to improve grid operation and maintenance in mountainous areas. The company used a DJI FC100 heavy-lift drone to deliver maintenance tools…
China is tightening oversight of online lending and digital marketing of financial products. By strengthening licensing requirements, lowering financing costs and improving information disclosure, authorities aim to better protect consumers and preserve financial stability. As the digital transformation of the financial industry accelerates, the internet has become an increasingly important channel for marketing financial products,…
Chinese tech company, Honor, showcases its high-end robot phone at the 79th Cannes Film Festival China Night on Thursday. [Photo provided to chinadaily.com.cn] Chinese tech company Honor demonstrated the future of mobile imaging with its innovative “Robot Phone” at the China Night of the 79th Cannes Film Festival on Thursday. The company also announced that…
A view of L’Oreal’s booth during an expo in Shanghai. CHINA DAILY Over 70 percent of Chinese consumers use artificial intelligence-related information for beauty purchases, a rate significantly higher than the global average of 40 percent, positioning China atop the world marketplace. The core industry data were unveiled recently by Vincent Boinay, president of L’Oreal…
China is stepping up efforts to promote two-way investment and deepen global industrial cooperation amid rising geopolitical and economic uncertainties, officials said on Wednesday, as the country unveiled plans for its flagship investment fair later this year. The 26th China International Fair for Investment and Trade (CIFIT), hosted by the Ministry of Commerce and scheduled…
Envision Group, a leading Chinese green technology firm, has signed a strategic cooperation agreement with Cape Breton China Corp (CBCC) to develop a 300-megawatt integrated wind and energy storage project in Nova Scotia, Canada. The deal, finalized in Shanghai earlier this week, represents a milestone in the global expansion of China’s “wind-storage integration” model. Beyond…
A display shows Chinese stock indices in Shanghai on Wednesday. CHINA DAILY While the A-share market underwent some adjustments on Thursday, experts are still upbeat on the A-share market performance in the following months, which is supported by China’s continued industrial restructuring and economic recovery. The benchmark Shanghai Composite Index shed 1.52 percent to close…
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A one-person company owner works at an industrial park designated for OPC businesses in Lianyungang, Jiangsu province, on March 25. GENG YUHE/FOR CHINA DAILY As artificial intelligence tools become cheaper, smarter and easier to use, they are helping more Chinese entrepreneurs turn personal expertise and online followings into one-person companies (OPCs), building lean businesses powered…
A Chery vehicle is assembled at an automated production line in Wuhu, Anhui province. LI JUNHUI/XINHUA HEFEI — Ahead of the May Day holiday, more than 4,000 international car dealers traveled to Wuhu in East China’s Anhui province, home to the headquarters of Chinese automaker Chery. For many, the visit was a firsthand look at…