Skip to content

News

China unveils guideline to elevate financial support for new industrialization

Chinese authorities have jointly released a key guideline on strengthening financial support for new industrialization, elevating the country’s coordinated efforts to support manufacturing upgrade and advance new quality productive forces. Under the guideline, the country aims to develop a financial system by 2027 that is generally mature in supporting the high-end, intelligent and green development of the manufacturing sector. The…

China remains No 1 worldwide in express delivery volume

China’s express delivery volume has ranked first in the world for 11 consecutive years. At present, over 500 million express parcels are collected daily on average, equivalent to nearly 6,000 packages entering the delivery channel every second. Revenue from the postal industry has grown from 1.1 trillion yuan ($153.12 billion) in 2020 to 1.7 trillion…

Autonomous driving paves way for smarter logistics in China

BEIJING — In the city of Ziyang, Sichuan province, a logistics company has hired three “employees” who never take lunch breaks and could work around the clock without any complaints. They are autonomous delivery vans, each capable of carrying between 600 and 800 parcels. They navigate the winding roads between villages located 10 to 30…

Envision wedding green power, AI

Visitors look at a virtual power plant management system at the 13th Energy Storage International Conference and Expo in Beijing in April. DU JIANPO/FOR CHINA DAILY Artificial intelligence applications across the entire green energy value chain are playing a pivotal role in advancing green energy transition, companies and experts said. “Dancing with the Wind” is…

Nation scores big in green shipping

China is making big strides in promoting green development of the global shipping industry, but closer international collaboration is needed to ensure the effectiveness of such a transformation, experts said. Chinese shipbuilder Nantong CIMC Sinopacific Offshore and Engineering Co Ltd, or CIMC SOE, inked a deal with Norwegian company Amon Gas recently for the construction…

Tax credit policy to encourage foreign investment

China has unveiled detailed guidance on a new tax credit policy aimed at encouraging foreign investors to reinvest their profits in the country, as it steps up efforts to stabilize foreign capital inflows and boost long-term investment amid rising global economic uncertainties. The State Taxation Administration released a new notice clarifying how foreign investors can…

Hydrogen-ammonia role in CO2 goals rising

A view of Envision Group’s plant in Chifeng, Inner Mongolia autonomous region. CHINA DAILY The application of green hydrogen-ammonia is facilitating transformation of the renewable energy sector, advancing carbon reduction goals and strengthening global green supply chains, while policy backing remains essential to accelerate its commercialization, industry insiders said. The first phase (320,000 metric tons…

Apollo Go teams up with Lyft for Europe launch

Apollo Go, Baidu’s autonomous ride-hailing unit, announced a strategic partnership with Lyft, a global mobility platform, on Monday, marking a significant step in the Chinese tech giant’s international expansion. According to the statement, Apollo Go will launch autonomous ride-hailing services in Europe via Lyft’s vast transportation networks by 2026. Using its sixth-generation autonomous vehicles, the…

Landmark mission highlights eVTOL potential

The world’s first cargo flight to an offshore oil platform, conducted by a domestically developed 2-metric-ton electric vertical takeoff and landing (eVTOL) aircraft, demonstrates the immense potential of integrating low-altitude aviation with ocean-based industries, as well as the value of heavy-load eVTOLs in long-distance missions, experts said. To accelerate the application of eVTOLs in marine…

McDonald’s China eyes 10,000 outlets

McDonald’s China opens a new restaurant in Beijing in July. [Photo provided to chinadaily.com.cn] McDonald’s China’s plan to open 1,000 new stores annually and reach as many as 10,000 locations by 2028 is on track, boosted by innovation and localization, according to its top executive. The food service chain unveiled a report recently to mark…