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Guangdong’s GDP projected to pass 15 trillion yuan in 2025

The regional GDP of Guangdong province, an economic powerhouse in South China, is expected to surpass 15 trillion yuan ($2.05 trillion) in 2025, with a year-on-year increase of about 5 percent, according to a blueprint on the province’s economic and social development outlook. Coordinated efforts of stock, incremental policies and new quality productive forces will…

Shanghai unveils 20 new measures to facilitate the development of SMEs

Tourists take photos at the Bund area of Shanghai. [Photo by Wang Gang/For China Daily] Shanghai introduced a set of 20 new measures on Friday to facilitate the development of the small and medium-sized enterprises specializing in niche sectors, commanding high market share and boosting strong innovation capacity, as they are of much importance to…

EU trade in spacecraft products in 2024

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Over 300 experts discuss digitalizing global power grids

State Grid employees check solar power panels in the Tibet autonomous region. [Photo by SONG WEIXING/FOR CHINA DAILY] A seminar focused on digitalizing global power grids was held in Beijing on Thursday, drawing over 300 experts from around the world. Co-hosted by the Global Energy Interconnection Development and Cooperation Organization (GEIDCO) and China Energy News,…

Residential property market showing signs of stabilization

A realty agent (right) explains the details of a property project to a potential homebuyer in Beijing. JIANG QIMING/CHINA NEWS SERVICE An evident improvement in home transactions in first-tier Chinese cities suggests that the residential property market is stabilizing in major cities, paving the way for a bottoming out of the overall housing market in line…

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China clarifies chip import rules, impacting US firms with domestic fabs

A visitor checks out a booth displaying chips made for autonomous electric cars at an auto show in Shanghai. [Photo provided to China Daily] The China Semiconductor Industry Association on Friday clarified regulations governing the origin determination of semiconductors for import declarations, impacting US chip makers that have US-based plants. The China Semiconductor Industry Association…

Digital car keys to unlock huge market

The accelerated implementation of digital car keys will unlock a potential 100-billion-yuan ($13.77 billion) market for intelligent vehicle control systems, and this will not only benefit Chinese automotive companies going global, but also facilitate international brands in further exploring the domestic market, senior executives at an intelligent automotive solutions provider said. “The industry needs a…

Qingming Festival boosts travel numbers

Tourists look at blossoming flowers at a scenic spot in Wuhan, Hubei province, during the Qingming Festival holiday. YANG HAIYONG/FOR CHINA DAILY This year’s Qingming Festival (Tomb Sweeping Day) holiday, which concluded on Sunday, brought about a surge in travel numbers, despite April being a traditional off-season for travel. The elderly continue to show a strong…

Unmanned vehicles to boost last-mile delivery efficiency

An unmanned logistics vehicle shuttles between dormitory buildings to deliver express packages for students at South-Central Minzu University in Wuhan, Hubei province. LI XI/FOR CHINA DAILY Chinese technology companies are accelerating steps to use autonomous delivery vehicles in the logistics and distribution sector, as part of a broader push to boost efficiency and address challenges from…

Guangdong to further support AI firms

A staff member introduces a robot at the tech company UBTECH in Shenzhen, South China’s Guangdong province, March 26, 2025. [Photo/Xinhua] South China’s Guangdong province will spare no effort to support artificial intelligence and robotics companies in achieving breakthroughs in technology industrialization, product marketing and service commercialization in the coming months, a senior official said.…