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Hudong-Zhonghua achieves annual target after delivering 100th container ship

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With the delivery of the world’s largest dual-fuel powered container ship to French shipping and logistics group CMA CGM Group, Hudong-Zhonghua Shipbuilding (Group) Co Ltd, a unit of the world’s largest shipbuilder China State Shipbuilding Corp, announces that it has achieved the milestone of delivering 100 large-scale container ships. [Photo provided to chinadaily.com.cn] With the…

Shanghai exports soar to record high, fueled by new engines

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Shanghai’s exports soared 18.2 percent year-on-year to a record high of 186.6 billion yuan ($26.5 billion) in November, as per the data released by the city’s customs on Thursday. With its imports growing by 4.4 percent year-on-year, Shanghai’s total import and export value surged 10.6 percent to nearly 387.5 billion yuan in November. With this,…

Businesses begin receiving benefits as Hainan FTP starts customs shift

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Companies and institutions began receiving benefits on Thursday as the Hainan Free Trade Port began its island-wide special customs operations. Siemens Energy became the first foreign-invested enterprise to register, receiving its business license at the Yangpu administrative service center in Danzhou. The company simultaneously broke ground on a new gas turbine assembly base and service…

Hainan marks a new phase in opening-up

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The island-wide special customs operations of the Hainan Free Trade Port officially commenced on Thursday, marking a new phase in Hainan Island’s opening-up. Bank of China Hainan Branch is stepping up support to help the island build a high-level open financial system. The recommendations for China’s 15th Five-Year Plan (2026-30) explicitly call for developing the…

Chronological biography of Tang Tingshu launched

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The Complete Chronological Biography of Tong King-sing, a systematic account of the life and innovative achievements of a leading industrial and commercial figure of the late Qing period, was launched recently in Zhuhai. Tang Tingshu, also known as Tong King-sing, was a key pioneer of China’s early industrialization. He founded the Kaiping Mines, China’s first…

China to enhance regulation over PV manufacturing capacity in 2026

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BEIJING – China will enhance regulation over photovoltaic (PV) manufacturing capacity in 2026, using market and legal measures to phase out outdated production and achieve a better balance between supply and demand, an industry official said on Thursday. Yang Xudong, an official with the Ministry of Industry and Information Technology, described 2026 as a crucial…

New chip module slashes AI data center energy use

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Li Sichao holds a gallium nitride power module. [Photo provided to chinadaily.com.cn] Researchers at Jiufengshan Lab in Hubei province have unveiled a new gallium nitride power module that promises to dramatically cut the energy consumption and cost of massive AI computing centers. The module, developed under the leadership of Li Sichao, was officially released on…

Flagship green project by Energy China in operation

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China Energy Engineering Group Co Ltd, or Energy China, has commenced operations of the world’s largest integrated green hydrogen, ammonia and methanol project, marking a milestone in China’s push to scale up clean fuels and cut the cost of renewable energy storage and transport. The first phase of the Songyuan hydrogen energy industrial park in…

German firms amplify innovation-focused investments

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This photo taken on Sept 19, 2025 shows a view inside a factory of BSH Home Appliances Holding (China) Co Ltd in Nanjing, capital of East China’s Jiangsu province. [Photo/Xinhua] HEFEI — At BSH Home Appliances Group’s dishwasher factory in Chuzhou, Anhui province in East China, fully automated AGV (automated guided vehicle) robots shuttle components…

Hainan FTP opens fast lane

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A foreign vessel carrying 179,000 metric tons of petrochemical raw materials berths at Yangpu Port in Danzhou, Hainan province, on Thursday, following the official launch of the island-wide special customs operations in the Hainan Free Trade Port. GUO CHENG/XINHUA As a colossal bulk carrier ship laden with 179,000 metric tons of petrochemical raw materials eased…