Chinese tech heavyweight Baidu Inc is doubling down on artificial intelligence-powered video generation models, as fast-growing AI-generated content is reshaping the landscape of short video, film, animation and advertising industries. Experts said image-to-video generators will improve the quality and efficiency of video generation and significantly reduce the production costs of video, while creating new business…
China will take multipronged steps, including fiscal, tax and financial policies, to unleash greater domestic demand potential, the State Council — the country’s Cabinet — said on Friday. Policymakers should optimize the implementation mechanism of the consumer goods trade-in program to better leverage its role in expanding domestic demand, according to the State Council executive…
Visitors to Robot Mall, a store showcasing embodied intelligent humanoid robots in Beijing’s E-Town — the city’s leading hub of innovation — watch the demonstration of a robot chef on Aug 8. [Photo by Tang Ke/For China Daily] Robot chefs are gaining in popularity, on the back of significant cost-effectiveness and excellent quality control. Robot…
China is confident of creating a more unified, fair and innovative market during the upcoming 15th Five-Year Plan (2026-30) period, thanks to an improved business environment, upgraded quality standards and enhanced regulation on online platforms over the past five years, the country’s top market regulator said on Friday. China’s business environment has continued to improve…
While the A-share market has recently hit multiple new records, foreign investors remain optimistic about its performance in the coming months, increasing their exposure to Chinese equities in anticipation of further capital inflows and structural opportunities. The benchmark Shanghai Composite Index gained 1.45 percent on Friday to close at 3,825.76 points, its highest level in…
BEIJING — Chinese authorities have unveiled a set of interim rules to strengthen the control and management of rare earth mining, smelting and separation. The interim rules, made public on Friday, were jointly issued by the Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Natural Resources. Taking…
The 28th Chengdu Motor Show is set to kick off on Aug 29 in the Sichuan capital, with more than 1,600 vehicle models from nearly 120 domestic and foreign automakers on display, the organizers said on Thursday. The event, scheduled to run through Sep 7, will feature 12 exhibition halls and outdoor exhibition areas, covering…
BEIJING — China’s central bank and foreign exchange regulator began soliciting public opinions on Friday regarding a draft regulation designed to strengthen supervision of the interbank foreign exchange market and enhance its role in serving the real economy. The draft regulation, jointly issued by the People’s Bank of China and the State Administration of Foreign…
BEIJING — A total of 36,133 foreign-invested enterprises were newly established on the Chinese mainland from January to July, up 14.1 percent year-on-year, the Ministry of Commerce said on Friday. During the period, foreign direct investment in actual use totaled 467.34 billion yuan (about $65.8 billion), down 13.4 percent year-on-year. By sector, FDI in actual…
BEIJING — China’s central bank on Friday announced that it will conduct a 600-billion-yuan (about $84.13 billion), one-year medium-term lending facility (MLF) operation on Aug 25 to maintain ample liquidity in the country’s banking system. The People’s Bank of China said the MLF operation will be conducted using a fixed-quantity, interest-rate-bidding and multiple-price-bidding method. The…