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Beijing’s first token factory hits 1.4 trillion daily output

Beijing’s first factory for producing units of text for large language models (LLMs) has reached a daily production capacity of more than 1.4 trillion tokens, according to the Administrative Committee of the Beijing Economic-Technological Development Area, also known as Beijing E-Town. The factory produces tokens, which are the smallest unit of text processed by LLMs…

Book-type foldables fast turning into hot AI interface

Visitors try out foldable smartphones at an exhibition in Shanghai on June 25. CHINA DAILY The book-type foldable smartphone is undergoing a profound transformation from a hardware novelty into a genuine AI-powered productivity tool, experts and corporate executives said. A new report from market research company Counterpoint Research said that as smartphone AI evolves from…

MWC26 sets direction for future mobile

Visitors observe a China Unicom network-enabled humanoid robot at the 2026 Mobile World Congress Shanghai on June 24. CHINA DAILY As the world’s gaze focused on the FIFA World Cup 2026, an electrifying spectacle of skill unfolded at an exhibition hall in Shanghai: humanoid robots stepping up to the penalty spot, striking balls with precision…

China’s manufacturing PMI rebounds to 50.3 in June

China’s factory activity returned to expansion territory in June, moving back above the 50-point mark after standing at the boom-bust threshold a month earlier, official data showed on Tuesday. Data from the National Bureau of Statistics showed that China’s official purchasing managers’ index for the manufacturing sector came in at 50.3 in June, up 0.3…

Banks ramp up bond issuance in Q2 to shore up capital

The Bank of China’s booth is seen during an expo in Shenzhen, Guangdong province. CHINA DAILY China’s commercial banks stepped up the issuance of tier 2 capital bonds and perpetual bonds in the second quarter to replenish capital, strengthen resilience against financial risks and better serve the real economy. According to market tracker Wind Info,…

CSITF seen as a catalyst for growth, development

A robot seen at the recent China (Shanghai) International Technology Fair. BAO GANSHENG/FOR CHINA DAILY With a record 600 deals reached, the China (Shanghai) International Technology Fair (CSITF), which concluded recently, has become an ideal platform for introducing the latest innovations and technologies, creating vast business opportunities and promoting industry cooperation spanning domestic and global…

Shaanbei-Anhui ±800 kV UHVDC transmission project begins operation

The Shaanbei-Anhui ±800-kilovolt ultra-high voltage direct current (UHVDC) transmission project has been completed and commenced operation on Tuesday, according to the State Grid Corporation of China. The project marks the nation’s first UHVDC transmission project to go into service during the 15th Five-Year Plan (2026-30) period, representing another landmark development in the country’s efforts to…

618 shopping gala pivots to value-driven consumption

Employees arrange imported products at a warehouse in Jinhua, Zhejiang province, on June 18. PAN QIUYA/FOR CHINA DAILY The 618 shopping festival, once dominated by price comparisons and heavy discounts, is increasingly being shaped by consumer demand for value, differentiation and lifestyle relevance, said experts. A survey released by iiMedia Research showed that 57.59 percent…

Canadian boost for Chinese NEVs

China’s new energy vehicle makers are accelerating their move into Canada as the two countries’ new trade arrangement opens the door to greater market access, with leading automakers already moving to establish local sales networks and prepare product launches. The latest sign of that momentum came as China’s Ambassador to Canada Wang Di announced that…