China’s internet sector is gaining robust growth momentum, driven by technological advances in artificial intelligence, which has become a vital force bolstering the country’s high-quality economic development and industrial upgrades, said officials, experts and company executives. Highlighting China’s great achievements in the development of internet infrastructure, they said bolstering application of cutting-edge AI in a…
The State Grid Corp of China’s new energy subsidiary completed a 36.5 billion yuan ($5.03 billion) capital increase and share expansion project on Wednesday, representing the largest cash fundraising in the history of China’s State-owned asset transactions. According to the State Grid, the substantial capital injection will be entirely allocated to the construction of pumped-hydro…
China announced on Wednesday that its Hainan Free Trade Port (Hainan FTP) will officially implement independent customs operations across the entire island starting on December 18, following approval from the Communist Party of China Central Committee. The island-wide independent customs operation refers to the establishment of a designated area under the special supervision of customs…
Ongoing reforms at the tech-focused STAR Market of the Shanghai Stock Exchange, part of China’s continued efforts to give more financial support to the private economy, will further spur technology innovation and facilitate high-quality economic growth in the country, said experts. The comments came after two new private economy-focused subindexes were officially launched at the…
A view of the Huangpu River in Shanghai. [Photo/VCG] BEIJING — China’s top economic planner on Wednesday held a symposium with business representatives to solicit opinions and suggestions on the collaborative development of state-owned and private enterprises for the upcoming 15th Five-Year Plan (2026-2030). Zheng Shanjie, head of the National Development and Reform Commission, chaired…
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Exports EU agri-food exports reached €20.1 billion in April 2025. This is a 4% drop from March but still 2% above the same month last year.… Read More »EU agri-food trade grows, maintaining surplus
BEIJING — Chinese authorities on Friday held a meeting with new energy vehicle (NEV) industry players on regulating market competition. The meeting was held by the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the State Administration for Market Regulation. It urged efforts to promote lawful, fair, honest, proper and…
Visitors gather at a booth of the Qwen large language model, developed by Alibaba Group, during a high-tech expo in Shanghai. LONG WEI/FOR CHINA DAILY Chinese tech heavyweight Alibaba Group has launched Qwen3-Coder, its most advanced agentic artificial intelligence coding model, marking a significant step in bolstering AI advancements. Designed for high-performance software development, Qwen3-Coder excels in…
China’s commerce minister had a “candid and in-depth” video meeting with his European Union counterpart just days before the China-EU Summit in Beijing on Thursday, with analysts saying that it showcased the willingness of Beijing and Brussels to resolve lingering trade frictions through dialogue. By moving closer together and staking out common ground, China and…