The booth of AliExpress during an expo in Xiamen, Fujian province. CHEN XIAORONG/FOR CHINA DAILIY Chinese cross-border online retailers are strengthening efforts to expand into Europe to attract new customers and bolster sales, as cross-border e-commerce serves as an important driving force in bolstering the growth of China’s foreign trade amid external uncertainties. Eyeing the…
Participants in the fourth China-Africa Economic and Trade Expo get ready for a group photo on Thursday after the opening ceremony of the event in Changsha, Hunan province. Nearly 4,700 Chinese and African companies and more than 30,000 participants will attend the four-day expo, which is themed “China and Africa: Together Toward Modernization”. ZHANG WEI/CHINA DAILY…
China has been aggressively expanding its pumped hydro storage capacity in recent years, positioning these power plants as crucial “stabilizers” for its evolving electricity grid as the nation embraces a greater share of intermittent renewable energy sources, a recent industry report reveals. China’s cumulative installed pumped hydro capacity exceeded 58 gigawatts (GW) by the end…
China has approved a certain number of export license applications for rare earth-related items, and will continue to strengthen the review of compliant applications, the Ministry of Commerce said on Thursday. “As a responsible major country, China has fully considered the reasonable demands and concerns of various nations in the private sector when reviewing applications…
GCL Energy Technology (GCL ET) and Ant Digital Technologies jointly announced the establishment of Ant Smart Energy Technology Co Ltd on Thursday during the SNEC International Photovoltaic Power Generation Conference in Shanghai. The new company will build an “AI-driven next-generation new energy ecosystem” by integrating AntDT’s expertise in artificial intelligence (AI) and blockchain with GCL…
China’s latest policy moves, centered around deepening comprehensive reform in Shenzhen, signal the country’s firm determination to pursue high-quality development through innovation, institutional transformation and high-standard opening-up, officials and experts said in Beijing on Thursday. This year marks the 45th anniversary of the establishment of the Shenzhen Special Economic Zone and the fifth anniversary of…
China has imposed a combined fine of 362 million yuan ($50.4 million) on four pharmaceutical companies and related individuals for price-fixing in a high-profile antitrust case, the country’s market regulator said on Friday. The State Administration for Market Regulation said it had asked its Tianjin bureau to investigate and penalize the case, which it called…
A staff member (right) addresses attendee queries at the Beijing CBD Forum on Wednesday. CHENG GONG/FOR CHINA DAILY China has become more attractive as a global investment destination, especially in technology and innovation, attracting international businesses with its robust economic growth and creativity, said Rani Jarkas, chairman of the Swiss financial group Cedrus Group. Having…
The world’s first Aframax oil tanker adopting wind sail propulsion is named at China State Shipbuilding Corp Shanghai Waigaoqiao Shipbuilding Co Ltd on June 11. [Photo provided to China Daily] The world’s first Aframax oil tanker adopting wind sail propulsion was named on Wednesday at China State Shipbuilding Corp (CSSC) Shanghai Waigaoqiao Shipbuilding Co Ltd,…
The United States’ restrictive policies against China are ironically catalyzing China’s technological advancements, industry insiders said on Tuesday, referring to the chip breakthroughs achieved by Huawei Technologies and the recent remarks of its founder Ren Zhengfei, who downplayed the impact of US export controls. In an interview with People’s Daily that was published on Tuesday…