Skip to content

News

China’s annual A-share trading turnover hits historic high

  • by

The year-to-date trading turnover of China’s A-share market exceeded 405 trillion yuan ($57.6 trillion) as of Monday, the first time that annual turnover has surpassed 400 trillion yuan. By Tuesday’s close, the Shanghai Composite Index finished at 3,919.98, up 0.07 percent, while the Shenzhen Component Index closed at 13,368.99, up 0.27 percent. The ChiNext Index,…

DJI ‘disappointed’ by US move to block authorizations for foreign-made drones

  • by

In this photo illustration, a DJI Mavic 2 Pro made by the Chinese drone maker hovers in place on Dec 15, 2021 in Miami, Florida. [Photo/Agencies] SHENZHEN – Chinese drone giant DJI expressed disappointment on Tuesday regarding the US Federal Communications Commission’s (FCC) decision to add foreign-made drones to the “Covered List”. Updated on Monday,…

Offshore duty-free shopping surges in Hainan FTP policy’s first week

  • by

Hainan’s Free Trade Port has witnessed a sharp rise in offshore duty-free shopping one week after launching island-wide customs operations, according to official figures released on Thursday by Haikou Customs. From Dec 18 to Dec 24, duty-free sales reached 1.1 billion yuan ($157 million), with 775,000 items purchased by 165,000 shoppers. That represents a 54.9…

Advanced technology making roads safer in Taixing

  • by

A geological radar detection vehicle checking for road defects in Taixing, Jiangsu province. [Photo provided to chinadaily.com.cn] The city of Taixing in East China’s Jiangsu province has introduced advanced technology to conduct comprehensive checks on urban roads in a bid to avert the risk of road collapse. The city has been using three-dimensional geological radar…

Shanghai aiming to double per capita GDP by 2035

  • by

Shanghai unveiled its development goals for 2035 on Monday, with the central aim being the doubling of its per capita GDP from 2020 levels. The drafters of the goals believe this will firmly establish Shanghai as a modern, socialist international metropolis with global influence. The city also wants to enhance its “five centers” to international…

Natural gas breathes new life into rural area of Jiangsu

  • by

Workers installing natural gas pipelines for farmhouses in Taixing, Jiangsu province. [Photo provided to chinadaily.com.cn] As part of efforts to boost rural vitalization, the city of Taixing in East China’s Jiangsu province is expanding its network of natural gas pipelines to residents in the surrounding countryside. In line with its “Village to Village Connection” project,…

Demand for AI talent drives new employment opportunities, sectors

  • by

Artificial intelligence is emerging as a major driver of new employment opportunities, as growing demand for relevant talent boosts hiring activity and lifts pay levels across multiple sectors, a recent report showed. From January to October, the number of AI-related job openings surged 543 percent year-on-year, with AI roles dominating the list of the most…

Smart glasses sector set for rapid growth

  • by

Fairgoers check out the new Quark smart AI glasses at Alibaba’s booth during the World Artificial Intelligence Conference 2025 in Shanghai on July 27. YING TANG/NURPHOTO/GETTY IMAGES Artificial intelligence-powered glasses will experience rapid growth next year as the fast-evolving smart wearable devices become a key gateway for next-generation human-machine interaction and inject new vitality into…