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ACWA Power to boost footprint in China

ACWA Power, a Riyadh, Saudi Arabia-based energy and water desalination giant, remains deeply committed to investing in China and is set to strengthen its foothold in China’s rapidly growing renewable energy sector, said its top executive. ACWA Power’s founder and chairman, Mohammad A. Abunayyan, expressed strong optimism in the country’s renewable energy market and long-term…

Offshore yuan-based stablecoins eyed

China may step up efforts to explore offshore renminbi-based stablecoins as recent legislation in China’s Hong Kong may provide a legal foundation for such innovations, currency experts said, calling it a move that can enhance the country’s role in shaping the evolving global monetary system in the digital era. A stablecoin is a form of…

Capital market set for further policy boost

More policies aimed at stabilizing and advancing the Chinese capital market are expected in the near future, as the nation enhances its efforts to facilitate high-quality economic development, according to officials and experts. Strengthening capital markets is seen not only as a domestic priority, but also a strategic response to external shocks, helping to reinforce…

Guest nights booked online show solid growth in Q1 2025

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Hefei and NEVs: A two-way drive

Why does a car CEO travel to Hefei, Anhui province three times a week? Five years ago, NIO found new life in Hefei. Today, a state-of-the-art smart factory and an industrial “corridor” linking the entire supply chain have become the backbone of China’s EV ambitions. This two-way commitment between government and business doesn’t just save…

China Telecom pushes boundaries in quantum technologies

The Tianyan-504 superconducting quantum computer. [Photo by Jiang Ting/chinadaily.com.cn] In a stride toward the future of technology, China Telecom Quantum Group, a subsidiary of telecom giant China Telecom, is advancing quantum computing and quantum-resistant technologies to position itself at the cutting edge of both fields. Lyu Pin, chairman of the company based in Anhui province,…

Renewable energy supply grew by 3.4% in 2024

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Chinese bike-sharing firm HelloRide approved to expand fleet to 20,000 in Singapore

SINGAPORE — Chinese bicycle-sharing company HelloRide has received approval to expand its operational fleet in Singapore from 15,000 to 20,000 shared bicycles, the company said Tuesday. The Land Transport Authority (LTA) of Singapore has renewed HelloRide’s license to operate up to 20,000 bikes for one year, valid until June 30, 2026, local media reported. The…

E-paper industry speeds up pace of display innovation

A view of Hanvon’s booth at the 2024 World Artificial Intelligence Conference in Shanghai in July 2024. CHINA DAILY China’s e-paper industry is emerging as a key innovation hub and manufacturing powerhouse, with domestic brands filling the post-Kindle vacuum and driving new growth in digital reading and productivity devices. “With concerted efforts of manufacturers and…

Liaoning embracing technology to advance agricultural profits

A farmer harvests rice in Ning’an, Heilongjiang province, in September. ZHANG TAO/XINHUA As locally produced rice varieties reach global tables and hydroponic vegetables redefine urban diets, Northeast China’s Liaoning province is reshaping global perceptions of its black soil through multifaceted agricultural upgrades. As one of the world’s three major black soil regions, the three northeastern provinces…