[Photo provided to chinadaily.com.cn] China’s development experience is offering valuable insights for Global South countries seeking modernization paths suited to their own conditions, experts said on Wednesday. Their remarks came during a forum in Beijing marking the 10th anniversary of the Institute of South-South Cooperation and Development at Peking University. Established in 2016, the institute…
China’s four largest State-owned commercial banks sustained a stable and improving growth momentum in the first quarter, achieving a robust start to the 15th Five-Year Plan (2026-30), according to earnings reports released on Wednesday. Industrial and Commercial Bank of China reported operating income of 230.37 billion yuan ($33.68 billion), up 8.27 percent year-on-year; net profit…
China’s top tax authority released new country-specific implementation guidance on global minimum tax rules on Wednesday, aimed at helping Chinese enterprises better navigate overseas tax compliance. The guidance — covering Denmark, Ireland, and the United Arab Emirates — aims to provide a systematic overview of global minimum tax frameworks, including legislative background, key provisions, and…
China Southern Airlines has agreed to buy 137 Airbus A320neo family aircraft in a deal worth about $21.4 billion at list prices, as the country’s largest carrier by fleet size accelerates fleet expansion and renewal to capture rising travel demand. China Southern said in a statement on April 29 that it and its majority-owned subsidiary,…
People visit the exhibition Stories of the MASP during the official inauguration of the new building of the Sao Paulo Museum of Art on March… Read More »Beyond the beaches Brazil’s urban giant beckons
A view of the production line is a highlight during a tour of China YTO, a leading agricultural and construction machinery manufacturer founded in 1955… Read More »Immersive lessons taught by Luoyang
China’s factory activity remained in expansion territory in April, staying above the 50-point boom-bust line for a second consecutive month, according to official data. China’s official purchasing managers’ index for the manufacturing sector came in at 50.3 in April, edging down 0.1 percentage point from March while remaining above the 50-point mark that separates expansion…
As tokens emerge as a key resource in the artificial intelligence era, Guizhou province in Southwest China is stepping up efforts to tap into the emerging business by leveraging its strengths in computing power, data resources and application scenarios. Rising as a new driver for high-quality growth, tokens and relevant industrial applications have become key…
Customers shop at a Maidelong store in Huaian, Jiangsu province, in January 2025. ZHAO QIRUI/FOR CHINA DAILY Maidelong, or Metro China, the high-end retail format of Wumart Group, has reshuffled its top management, installing retail veteran Andrew Miles as executive chairman and appointing Xu Shaochuan as CEO, in a move that indicates intensifying competition in…
A visitor plays Chinese chess with a robot during the 9th Digital China Summit in Fuzhou, Fujian province. LYU MING/CHINA NEWS SERVICE China’s appetite for artificial intelligence data is exploding at a scale that is beginning to reshape the economy, with daily token usage soaring from just over 1 trillion at the start of 2025…