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Jigang leaps into aerospace industry

JINAN — Inside the Jinan Satellite Assembly, Integration and Testing Base in East China’s Shandong province, cutting-edge facilities such as 20-metric-ton vibration test stands and anechoic chambers now occupy the former grounds of major steel producer Jigang Group following its transformation into a manufacturer for the aerospace industry. “At the beginning of this year, the…

PPI rises for second straight month

Employees work on the production line of an electronics company in Lianyungang, Jiangsu province. SI WEI/FOR CHINA DAILY China’s factory-gate prices rose for a second straight month in April, while consumer inflation picked up moderately, as higher global energy and commodity costs filtered through to the world’s second-largest economy, officials and analysts said on Monday.…

Qwen-Taobao integration to boost 618 shopping

Visitors gather at the booth of Qwen, Alibaba’s large language model, during a high-tech expo in Shanghai on March 12. CHINA DAILY Chinese tech company Alibaba Group said on Monday it has fully integrated its artificial intelligence chatbot Qwen with its super e-commerce platform Taobao, allowing users to search for products, compare items and complete…

Mainland stock market hits 11-year high

The Shanghai Composite Index is displayed on a mobile phone. CHINA DAILY The bullish momentum recently seen in the Chinese market is likely to continue thanks to the structural opportunities provided by the country’s rapid adoption of emerging technologies and ongoing economic recovery, said experts. Their comments were made on Monday after the benchmark Shanghai…

Trade consultations key to global stability, growth

A new round of China-US economic and trade talks is vital to reducing business uncertainties and improving global economic confidence amid persistent geopolitical and trade challenges, experts and business executives said on Monday. According to information released by the Ministry of Commerce, Vice-Premier He Lifeng, who is also a member of the Political Bureau of…

Experiential consumption drives Qingdao’s booming coffee culture

With favorable policies, imported coffee beans can be stored first and taxed only after sale in the Qingdao Area of the China (Shandong) Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] From boutique cafés tucked along old streets to giant roasting facilities handling beans from across the globe, coffee is becoming deeply woven into the…

EU rail passengers made 8.7 billion trips in 2024

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China-Mongolia mega railway project enters critical phase

Construction on the China section of the second cross-border railway between China and Mongolia entered a critical phase on Sunday, paving the way for enhanced bilateral trade and connectivity. Invested and constructed by the State-owned China Energy Investment Corp (CHN Energy), the railway features a combined single-line design accommodating both standard and broad gauges. A…