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Lipton investing big in nation’s supply chain

Workers pick tea leaves at a farm in Huangshan, Anhui province, in April. SHI YALEI/FOR CHINA DAILY Global tea brand Lipton is doubling down on its China strategy with a major investment in supply chain infrastructure, as it looks to regain momentum in a market increasingly dominated by freshly brewed and sugar-free tea drinks. Hiufan…

Global investors more bullish on Chinese assets

The view of Shanghai’s CBD is seen in this photo. [Photo/VCG] China’s capital markets are gaining increasing traction among global investors as foreign investment surged back in the first half of this year, supported by the country’s economic resilience, continuing opening-up policies and growing demand for more diversified and renminbi-denominated assets, officials and experts said…

New rules set to boost investor sentiment

China has taken a decisive step to bolster global investor confidence by unveiling a 12-measure document aimed at encouraging foreign reinvestment in the country, offering what experts see as a timely and powerful signal that more investor-friendly reforms are in the pipeline. “This marks a major boost for foreign companies operating in China,” said Luo…

AI competition established to boost China-ASEAN technological collaboration

NANNING — An AI-themed competition was launched on Saturday in South China’s Guangxi Zhuang autonomous region to promote cross-border AI collaboration and innovation. The initiative, titled “AI Capacity-Building Action for All Cup” (AAA Cup), aims to strengthen the integration of AI technology and the real economy, promote the aggregation of innovative resources, and develop a…

Pan-Industry Mega AI Tournament launched in Nanning

Participants from China and ASEAN countries are now being encouraged to take part in a competition that focuses on artificial intelligence application in various scenarios. At the launch ceremony for the Pan-Industry Mega AI Tournament on Saturday in Nanning, South China’s Guangxi Zhuang autonomous region, organizers said that the competition, with top prizes of up…

Environmental tax revenue shows slight increase in 2023

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Trade-in plan helps broader energy goal

Shoppers look at air conditioners that offer trade-in subsidies at a store in Jiaxing, Zhejiang province. JIN PENG/FOR CHINA DAILY As heat waves intensify across China, household air conditioner use has continued to grow, and rising residential cooling demand has been placing increasing pressure on the power grid. China’s consumer goods trade-in policy, which is…