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SGL to expand operations in China, investing in warehousing and electric trucks

SGL’s booth at the seventh China International Import Expo in Shanghai in November. [Photo provided to chinadaily.com.cn] Scan Global Logistics (SGL), a Denmark-based logistics service provider, will open new service branches in several cities across China’s eastern and western regions, invest in warehousing operations, and expand its fleet of electric trucks over the next five…

China sets up 60b yuan national AI fund to accelerate tech innovation

China’s Ministry of Industry and Information Technology and the Ministry of Finance have jointly established a 60 billion yuan ($8.2 billion) national artificial intelligence fund to fast-track strategic investments in AI infrastructure and cutting-edge technologies, a senior official said on Friday. The move underscores China’s push to solidify its global leadership in AI amid intensifying…

Expo highlights vibration technology innovations

The third Vibrating Machinery Industry Expo of Zhongyuan Agricultural Valley is opened in Xinxiang, Henan province on April 16. [Photo provided to chinadaily.com.cn] With the theme of “Creating a New Ecology of Vibration Technology, Witnessing a New Future of Intelligent Manufacturing in Henan,” the third Vibrating Machinery Industry Expo of Zhongyuan Agricultural Valley was launched…

Qingdao’s new policy empowers families and young graduates

Qingdao, a coastal city in Shandong province, recently introduced 12 measures to optimize its population structure and boost the property market, focusing on supporting families with multiple children and young graduates, according to a news conference held in the city on Wednesday. Under the new policy, families with two children will receive a one-time subsidy…

China’s power use up 2.5% in Q1

Two State Grid technicians check power transmission facilities in Chuzhou, Anhui province. [Photo by Song Weixing/For China Daily] BEIJING – China’s electricity consumption, a key barometer of economic activity, reported steady expansion in the first quarter of 2025, official data showed on Friday. Power use rose 2.5 percent year-on-year in the period to hit 2.38…

Strong Chinese economy in Q1 demonstrates resilience, say pundits

The skyline of Beijing. [Photo/VCG] BEIJING – China’s economy delivered a strong start in the first quarter, demonstrating steady performance and resilience, economists and observers have said. The country’s gross domestic product (GDP) grew 5.4 percent year-on-year to 31.8758 trillion yuan ($4.42 trillion) in the first quarter of 2025, data from the National Bureau of…

BMW and ByteDance deepen AI cooperation

BMW Brilliance’s digital subsidiary Lingyue Digital Information Technology. [Photo provided to chinadaily.com.cn] BMW announced on Friday that it is deepening partnership with ByteDance’s Volcano Engine to explore artificial intelligence applications in marketing and services. The collaboration, led by BMW Brilliance’s digital subsidiary Lingyue Digital Information Technology, aims to enhance user experience and optimize dealer operations…

Digital finance forum held during WIC Asia-Pacific Summit

[Photo/wicinternet.org] The Digital Finance Forum, one of the major events of the World Internet Conference (WIC) Asia-Pacific Summit, was held at the Hong Kong Convention and Exhibition Center on April 15 under the theme of “Inclusive Finance Empowered by Digital Intelligence”. [Photo/wicinternet.org] WIC Secretary-General Ren Xianliang; Zhang Donggang, Chair of the University Council at Renmin…

Yacht economy lifts all boats

The international yachting exhibition section during the China International Consumer Products Expo, held in Haikou, Hainan province. SHA XIAOFENG/FOR CHINA DAILY The global yachting world turned its attention to Sanya, Hainan province this week as the fifth China International Consumer Products Expo, held from Sunday to Friday in the provincial capital of Haikou, hosted its first…

Comprehensive bonded zones fuel China’s foreign trade growth

This photo taken on April 9, 2025 shows the site of a firm specializing in flight simulator R&D and training inside the comprehensive bonded zone of Beijing Daxing International Airport in Beijing. [Photo/Xinhua] BEIJING – A truck loaded with 1.3 tons of clothing, hats, sunglasses and other goods departed from the cross-border e-commerce warehouse at…