Visitors seen at Pop Land theme park in Beijing. China Daily Pop Mart International Group is accelerating its shift from a collectibles retailer into a full-fledged intellectual property company, as it expands its theme park business as a key testing ground for immersive, experience-driven growth. On Friday, Pop Land unveiled a major upgrade in Beijing,…
A billboard in Shanghai displays renminbi’s foreign exchange rates. China Daily The renminbi’s rising prominence in global foreign exchange options is not an isolated development, but part of a broader, accelerating expansion of the Chinese currency’s international role across investment, financing and commodity pricing, analysts said. According to the London-based clearing house LCH, the yuan…
Chinese artificial intelligence startup DeepSeek on Friday released a new generation of large language models explicitly tuned for domestic chips, a milestone seen by industry experts as a shift from Nvidia reliance. The company unveiled a preview of its DeepSeek-V4 series, alongside a high-performance Pro version and a lightweight Flash variant. Notably, in its technical…
A woman identified as Maria from Argentina was able to stand upright with the assistance of an exoskeleton robot at the 139th session of the China Import and Export Fair. [Photo provided to chinadaily.com.cn] An Argentinian woman who lives with a disability has become a focus of attention at the Canton Fair in Guangzhou after…
Regulators in China have banned online platforms from marketing illegal financial activities such as virtual currency issuance and trading. The ban is part of moves to strengthen the regulation of the online promotion of financial products and better protect investors. The People’s Bank of China, the country’s central bank, and seven other authorities released a…
China’s securities regulator is planning to issue its first fine in a case of violating overseas listing registration requirements, underscoring its stepped-up efforts to deter violations while keeping channels open for overseas listings, including in the United States. The China Securities Regulatory Commission said on Friday that its Heilongjiang bureau has issued a prior notice…
China’s general public budget revenue grew 2.4 percent year-on-year in the first quarter, hitting a three-year high for the January-March period, the Ministry of Finance said on Friday. Revenue came in at 6.16 trillion yuan ($901.6 billion), an acceleration of 1.7 percentage points from the January-February level, Wang Jianxun, director of treasury payment center with…
MACAU Pass, a Macao-based fintech platform, has launched its self-developed AI-powered payment integration tool, the AI Payment Assistant, making it available to local merchants, developers and ecosystem partners. The tool enables users to complete payment integration through natural-language prompts, reducing the need for manual coding and technical coordination, according to the company. Developers can, for…
China sold its first batch of ultra-long-term special treasury bonds for 2026 on Friday, raising 119 billion yuan ($17.4 billion) to fund major national projects and programs, according to the Ministry of Finance. Qu Fuguo, deputy director of the ministry’s asset management department, said at a news conference that the government will “front-load” the issuance…
Flights to Malaysia are set to surge during China’s upcoming May Day holiday, leading growth among Southeast Asian destinations as outbound travel demand continues to increase, industry data has shown. According to Chinese civil aviation data provider Flight Master, as of Thursday airlines have scheduled more than 100 additional flights to Malaysia for the five-day…