Chinese tech heavyweight Baidu Inc has announced that its autonomous ride-hailing service Apollo Go has inked a strategic partnership with PostBus, the public transport operator subsidiary of Swiss Post, to launch an on-demand autonomous mobility service in Switzerland called AmiGo. Experts said the collaboration marks an important step in Apollo Go’s global expansion and is…
BAK Battery has introduced, the ENDURO S+, a new liquid-cooled integrated energy storage cabinet designed for commercial and industrial applications, aiming to meet rising global demand for distributed energy systems. Commercial and industrial energy storage demand has surged since 2024 as businesses seek to reduce power costs and carbon emissions while improving backup power reliability.…
Chinese enterprises are doubling down on investment and implementation of the fast-evolving artificial intelligence technology to boost operational efficiency and remain competitive despite facing potential headwinds, according to a new report by global consultancy Accenture. The report said 87 percent of surveyed Chinese executives plan to increase AI investments this year, with 18 percent already…
An employee sorts gold ornaments at a jewelry shop in Wuhan, Hubei province. NI NA/FOR CHINA DAILY Gold’s sharp surge this year is reshaping the jewelry and investment markets, giving rise to new consumer trends from wedding gold rentals to trade-ins. As of 1 pm Wednesday, spot gold traded at $4,084 per ounce, down 0.3…
China’s journey to becoming a financial powerhouse must start with institutional reform and the establishment of a transparent, innovation-driven capital market, experts said. Wu Xiaoqiu, former vice-president of Renmin University of China and dean of the university’s National Academy of Financial Research, said the capital market plays a fundamental role in supporting the real economy…
In a global landscape fraught with uncertainties, China’s development commitment offers the international community stability and positive momentum, experts said. China’s growth will create vast opportunities for the world, opening new avenues for cooperation in areas such as technology, sustainable development, the green economy and the digital economy, they said, adding that such collaboration will…
While a structural bull run is gradually taking shape in the A-share market thanks to China’s economic resilience and continued introduction of supportive policies, the upward momentum is likely to further stabilize driven by technological advances, which will buoy investor confidence and consumption, said experts. Data from market tracker Wind Info showed that the benchmark…
China will strengthen guidance on market expectations and guard against the risk of exchange rate overshooting to keep the yuan broadly stable, the country’s central bank said, according to a report by Financial News, a newspaper backed by the People’s Bank of China. A senior official from the central bank’s monetary policy department said China’s…
China’s efforts to regulate the submission of tax-related information by internet platform companies will standardize tax reporting practices among these enterprises both at home and abroad, and boost the sound and regulated development of the platform economy, experts said. US tech company Amazon has announced that it will begin reporting information about China-based sellers to…
China and the United States will engage in a fresh round of trade talks later this week in Malaysia, in a bid to de-escalate tensions that have been simmering for weeks between the world’s two largest economies. Analysts said that Washington’s recent moves — calling for talks while exerting pressure on Beijing — do not…