Bill Winters, group chief executive of Standard Chartered, speaks during the recent China Development Forum in Beijing. CHINA DAILY Standard Chartered PLC is firmly optimistic about China’s economic prospects and has actively aligned its business strategies with economic trends, such as the high-quality development of the private economy and the rapid application of artificial intelligence technologies,…
China is mulling raising the foreign debt ceiling for high-technology enterprises while expanding the reach of policies that facilitate corporate foreign exchange management, as part of the country’s all-round efforts to enhance financial support for private enterprises, said the State Administration of Foreign Exchange. Executives and experts said the moves will support private, tech-oriented enterprises…
The application of artificial intelligence technology will significantly improve energy utilization efficiency and accelerate the transition of traditional high-carbon industries towards green, low-carbon development, experts said during a forum focusing on carbon peak and carbon neutrality science and technology at the Zhongguancun Forum. “AI technology is one of the key points in the innovation chain…
Beijing Academy of Artificial Intelligence, a Chinese non-profit AI institution, strongly condemned its inclusion on the US Entity List, calling the decision unjustified and urging Washington to reverse the move. The step came as the US Commerce Department’s bureau of industry and security added BAAI to the so-called entity list, imposing trade restrictions that could…
[Photo provided to chinadaily.com.cn] China’s Hainan province emerged as the newest high-level player in the free trade port arena during the fourth Global Free Trade Port Development Forum, where global leaders and policymakers championed free trade ports as vital engines for economic growth amid rising protectionism. Xie Jing, vice-governor of Hainan, acknowledged the global trade…
Bosch’s EV parts on display during an auto show in Shanghai. CHINA DAILY German industrial conglomerate Robert Bosch GmbH is bullish on prospects for applications of cutting-edge artificial intelligence technology and is actively expanding its research and development investment in the Chinese market, its top executive said. Stefan Hartung, chairman of the board of management…
Tourists enjoy a view of the Helan Mountains in Yinchuan, Ningxia Hui autonomous region, in October. MAO ZHU/XINHUA An image of flowers thriving in the rugged crevices of mountains in China’s northwest embodies a remarkable resilience that has captivated a group of young entrepreneurs from Shanghai, inspiring them to establish roots in the Ningxia Hui…
“Technology and innovation will drive this economy to continue growing,” said Yuval Ben Sadeh, chairman of the Israel Chamber of Commerce in China, to China Daily Website at the 2025 Zhongguancun Forum Annual Conference on Thursday. He also said that China is still a good place and that he is seeing new companies coming into…
While the tariff policies wielded by the United States have ushered global businesses into a period of increased uncertainty, China is focused on building open and shared industrial chains to embrace international cooperation, and is leveraging its growing consumption momentum to boost global demand, senior economists said. “While the high tariffs tipped by US President…
The real magic of artificial intelligence is the industrial use of AI, said Sean Stein, president of the US-China Business Council, on the sidelines of the China Development Forum 2025. “AI becomes a platform to speed up the development of other critical technologies to create wealth, to develop new products, and that makes the world…