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China Unicom announces big AI computing strategy

China Unicom’s booth in its partner conference in Shanghai. [Photo provided to chinadaily.com.cn] China Unicom unveiled a big plan to accelerate the company’s intelligent computing infrastructure, including exploring a 100,000-GPU cluster deployment and targeting 45 EFLOPS of computing power, by the end of 2025. EFLOPS is a unit of the speed of computer systems and…

China optimizes foreign exchange reserve structure

File photo shows a worker counts the US dollars at a bank in Tancheng County of Linyi city, East China’s Shandong province. [Photo/Xinhua] Economists and policy advisers have said that it is a strategic necessity for China to further scale back holdings in United States government debt in order to safeguard national financial stability, amid…

Guangzhou-LA express shipping route debuts

A ship preparing for its maiden voyage to the US West Coast docked at Nansha Port in Guangzhou, Guangdong province, on Wednesday, officially launching the first direct premium express shipping route between Guangzhou and the Port of Los Angeles. [Photo provided to chinadaily.com.cn] A ship preparing for its maiden voyage to the US West Coast…

CITIC Group shines at supply chain expo

CITIC Group shines at the 3rd China International Supply Chain Expo. [Photo provided to chinadaily.com.cn] The third China International Supply Chain Expo is being held in Beijing from July 16 to 20. Marking its third consecutive appearance, CITIC Group presents a comprehensive showcase of its latest achievements across key industrial sectors. At the advanced manufacturing…

Chinese home appliance giant expands investment in Africa

GUANGZHOU — China’s leading home appliance manufacturer Midea Group has become the official sponsor of the Africa Cup of Nations 2025, which is scheduled to be held in Morocco. Midea Group and the Confederation of African Football (CAF) also signed a sponsorship cooperation agreement on Wednesday at the headquarters of Midea Group in Foshan, South…

Researchers develop new way for AI models to work together

JERUSALEM — Researchers from Israel’s Weizmann Institute of Science (WIS) and Intel Labs have developed a set of algorithms that allow different artificial intelligence (AI) models to “think” and work together as one, WIS said in a statement on Wednesday. The development, presented at the International Conference on Machine Learning being held in Vancouver, Canada,…

Chinese business group urges fairness in EU tariff measures on EVs

BRUSSELS — A delegation from the automotive working group of the China Chamber of Commerce to the European Union (CCCEU) has urged EU officials to ensure fair market access for Chinese electric vehicle (EV) manufacturers. During discussions with European policymakers on Tuesday and Wednesday, representatives from the CCCEU’s automotive working group voiced concern that external…

Future sectors to receive more play

China will ramp up efforts to bolster the development of future-oriented industries such as humanoid robots, the metaverse and brain-computer interface, in order to foster new growth drivers, while accelerating the application of artificial intelligence in manufacturing as well as other key industries, according to the country’s top industry regulator. More efforts should be made…