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Employment rate stable, labour market slack down in Q4 2024

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Chinese EV maker XPeng bets big on autonomous driving

He Xiaopeng, chairman and CEO of XPeng, unveiled the company’s 2025 G6 and G9 auto models. [Photo provided to chinadaily.com.cn] Chinese electric vehicle company, XPeng Motors, unveiled its 2025 G6 and G9 auto models on Thursday, as it bets on autonomous driving and fast charging technologies to stand out amid intensified competition in the EV…

Chinese companies critical role in Africa’s development

NJ Ayuk (right), founder and executive chairman of the African Energy Chamber, signs a memorandum of understanding with Tima Networks during a forum held in Shanghai on March 13. [Photo provided to chinadaily.com.cn] Chinese companies have been playing a critical role in Africa’s accelerating process of energy transition and industrialization, and are expected to further…

Labour market flows in Q4 2024

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China evolving into AI ‘super market’ driven by scale, innovation

Figurines with computers and smartphones are seen in front of the words “Artificial Intelligence AI” in this illustration taken, Feb 19, 2024. [Photo/Agencies] BEIJING – The topic of artificial intelligence (AI) has stood out at meetings and press conferences during China’s annual two sessions, painting a broader picture: China is rapidly evolving into an AI…

China boosts financial support to spur consumer spending

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China has announced a raft of measures to optimize consumer finance, aiming to stimulate consumption and improve financial services, the country’s top financial regulator said on Friday. The National Financial Regulatory Administration has called on financial institutions to diversify…

China’s regional powerhouses turbocharge high-quality development

Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING – Having long propelled China’s economic ascent, major provincial-level regions are now leading the charge in the country’s transformative shift toward high-quality development. China’s top 10 provincial economic heavyweights, including Guangdong, Jiangsu, Shandong, Zhejiang and Sichuan, accounted…

AI key force for high-quality growth

China Electrical Equipment Group’s booth is seen during an expo in Zhengzhou, Henan province. MA JIAN/FOR CHINA DAILY As global manufacturing rapidly shifts toward digitalization and intelligent development, the deep integration of artificial intelligence into the sector has become a key driving force for high-quality development and a key battleground in global tech competition, said Zhang…

China Telecom obtains key 6G satellite-terrestrial patent

[Photo/VCG] A subsidiary of China Telecom has officially obtained a national invention patent for key 6G satellite-terrestrial integration technology, marking a significant step in achieving technological independence for the next-generation wireless technology, laying a core technical foundation for building a fully connected “space-air-ground-sea” network in the future. The national invention patent, roughly translated as “A…

China to expand cash-pooling program for multinationals

A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] BEIJING – China will expand the coverage of a pilot cash-pooling service that integrates domestic and foreign currency management for multinational companies, the country’s monetary authorities said on Thursday. The program is currently being piloted in 10 localities and will…