A view of the financial center of Shanghai’s Pudong New Area. WANG GANG/FOR CHINA DAILY China’s expanding market size and continuously improving business environment are attracting more multinational companies, leading to a more diverse source of foreign investment in sectors related to new quality productive forces, according to a new report. Last year, actual utilized…
Ban-seng Teh, executive vice-president and chief commercial officer of Seagate Technology. [Photo provided to China Daily] Seagate Technology, a global leader in data storage solutions, has expressed strong confidence in China’s market potential, emphasizing the transformative role of artificial intelligence in driving storage demand. According to IDC’s forecast, the compound annual growth rate of available…
An aerial drone photo shows visitors enjoying the cityscape at The Stage, a new observation deck atop White Magnolia Plaza in Shanghai, East China, April 14, 2025. [Photo/Xinhua] Further institutional innovation and deepened opening-up are crucial to strengthen Shanghai’s competitiveness as an international financial center, said experts. Their comments were made following the new action…
The world has entered a new and perilous era of industrial policy, where traditional goals of economic growth are being challenged and often displaced by urgent agendas of national security, supply chain resilience and climate change, a panel of leading economists and former policymakers warned on June 5. At a forum hosted by the Peterson…
At the 22nd China International Foundry Expo in Shanghai, the 3DPTEK-J4000, a 4-meter sand 3D printer developed by Beijing 3D Printing Technology Co Ltd, or 3DPTEK, drew widespread attention for pushing the boundaries of industrial manufacturing. The J4000 solves a long-standing challenge in producing giant castings such as ship engines and turbine housings. Traditionally, these…
Huawei Technologies Co said it plans to hire more than 10,000 university graduates in 2025, a double-digit increase compared to 2024, with over 60 types of positions, including artificial intelligence engineers, software development engineers, hardware engineers and AI algorithm engineers. Huawei said it is doubling down on efforts to nurture and recruit high-end talents in…
Bank of China and the insurer PICC Group jointly released on Thursday the action plan to support Shanghai’s efforts to develop itself into an international shipping center. The action plan has introduced 10 detailed measures covering the three major areas of shipping security, the facilitation of shipping services and green transition. It is aimed to…
KUNMING — The 9th China-South Asia Expo opened on Thursday in Kunming, capital of Southwest China’s Yunnan province, drawing representatives from 73 countries, regions and international organizations, as well as more than 2,500 enterprises. The six-day event has brought together all South and Southeast Asian nations, featuring 16 exhibition halls, nearly 70 percent of which…
China will further streamline the approval process for compliant rare earth export applications, said the Ministry of Commerce on Thursday. [Photo/Xinhua] China will further streamline the approval process for compliant rare earth export applications, said the Ministry of Commerce on Thursday. At a weekly news conference in Beijing, He Yadong, a spokesman of the ministry said…
An AI robot on display attracts visitors during the recent 2024 World Intelligence Expo in Tianjin. TONG YU/CHINA NEWS SERVICE BEIJING — China’s surging technology innovation is rewriting the playbook for foreign investors, with the country’s booming tech sector having reshaped expectations regarding its long-term growth potential. The latest example came as Goldman Sachs unveiled…