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Breakthrough tech seen at Shanghai fair

Humanoid robots seen at the ongoing 11th China (Shanghai) International Technology Fair, which kicked off on Wednesday. GAO ERQIANG/CHINA DAILY Frontier and pioneering technologies are being highlighted at the three-day 11th China (Shanghai) International Technology Fair, which kicked off on Wednesday. The world’s first fully absorbable occluder used for congenital heart disease, which has been developed…

Expansion of US steel tariffs brings challenges, chance

The United States’ latest move to add tariffs on a range of imported household appliances starting later this month will prompt Chinese home appliance manufacturers and exporters to realign supply chain networks and diversify business layouts in emerging markets to navigate tariff challenges, experts said on Friday. They noted that Washington’s recent expanded tariffs on…

Labubu hits auction windfall amid frenzy

An auctioneer takes bids from buyers for a Labubu figurine, during an auction in Beijing, on June 10. TINGSHU WANG/REUTERS A mint-colored first-generation Labubu collectible toy fetched 1.08 million yuan ($150,444) at the Yongle 2025 Spring Auction on June 10, signaling the continuing appeal of what has become a sensational toy amid a global craze that…

When silk culture meets intelligent manufacturing

Foreign buyers (right) gather product information from an employee at the booth of Suzhou Romrol Fashion Group during a textile expo in Paris in February. CHINA DAILY At China’s premier production hub for chemical fiber fabrics in Shengze town of Wujiang district in Suzhou, Jiangsu province, a new generation of innovative textiles is quietly weaving…

Video editing features added to Meta AI

SAN FRANCISCO — Meta said Wednesday that it is adding video editing capabilities to Meta AI, which let users edit short videos using preset artificial intelligence (AI) prompts. The company said that the features were inspired by its Movie Gen AI models. It plans to add more customization options later this year. For now, users…

Carmakers expedite paying suppliers

In an effort to boost cash flow efficiency and safeguard industrial ecosystem stability, Chinese automakers have vowed to shorten payment timelines to their suppliers to within 60 days. Starting Tuesday evening, a batch of major auto manufacturers — such as BYD, China FAW Group, Seres Group, Geely Auto, Chery, Xpeng and Xiaomi Auto — officially…

Oarmilk to expand product line beyond Greek yogurt

An employee works on a production line for low-temperature yogurt in Shenyang, Liaoning province, in September 2021. CHINA DAILY As China’s chilled yogurt market undergoes a health-focused shift, Oarmilk Greek Yogurt has stood out for its high-protein positioning, targeting mid-income families who are health-conscious and experiencing double-digit growth on a yearly basis. Founder and CEO…

China’s economy to grow by 4.5% this year, World Bank predicts

China’s economy is projected to grow by 4.5 percent in 2025 and 4 percent in 2026, with fiscal policy cushioning the slowdown pressures due to global trade restrictions and uncertainty, said the latest China Economic Update of the World Bank Group. According to the update released on Friday, as global trade restrictions and uncertainty weigh…

Unlocking consumption key to sustaining China’s growth: World Bank

Tourists watch a robot show at Taizhou city, East China’s Zhejiang province, May 4, 2025. [Photo/Xinhua] BEIJING – Unleashing consumption potential will help sustain economic growth in China, according to a World Bank report published in Beijing on Friday. Policy support has helped boost China’s consumption and spurred a rise in home sales in major…

Commercial exchanges fuel new momentum in China-Africa cooperation

People visit the booth of South Africa at Changsha International Convention and Exhibition Center in Changsha, Central China’s Hunan province, June 12, 2025. [Photo/Xinhua] CHANGSHA/NAIROBI — “Plane tickets to Africa are in high demand — there are just so many opportunities,” exclaimed Ma Bijun, deputy general manager of Hunan Er-Kang Pharmaceutical Co, Ltd, who has…