China’s homegrown AI model, DeepSeek, has surged to the top of the free app download charts in the United States region of the Apple App Store, surpassing the once-dominant ChatGPT. It also secured the number one spot on the free app rankings in China. On Jan 20, Chinese artificial intelligence firm DeepSeek officially launched its…
Chinese companies are ramping up their engagement in the burgeoning new energy sector within Arab nations, responding to the urgent energy transition needs in the region, said experts. This strategic move entails a substantial push into renewable energy domains like solar and wind power, hydrogen energy and cutting-edge energy storage solutions. The anticipated future collaborations…
Visitors pose for a photo at the Beicang Cultural and Creative Block in Jiangbei district of Southwest China’s Chongqing municipality, Oct 4, 2024. [Photo/Xinhua] CHONGQING – In Southwest China’s Chongqing municipality, abandoned factories and warehouses have been transformed into vibrant cultural and creative hubs, while old neighborhoods have been revitalized with unique bistros and cultural…
A view of the headquarters of China Securities Regulatory Commission in Beijing. [CHINA DAILY] BEIJING — The China Securities Regulatory Commission (CSRC) on Sunday released an action plan to promote the high-quality development of index investment in the Chinese capital market. According to the plan, the country will significantly increase the scale and proportion of…
Cast and crew members of all six upcoming films competing for the Spring Festival market gather at a promotional event held in China National Film Museum on Jan 23, 2025. [Photo provided to chinadaily.com.cn] BEIJING — With two days to go before the Spring Festival holiday, China’s box office pre-sales for the holiday have reached…
China will actively expand imports this year even in the face of escalating trade protectionism, transforming its super-sized market into a shared global one that injects fresh momentum into the global economy, officials and experts said on Thursday. “China’s ongoing efforts to scale up its imports represent a proactive response to its responsibilities as a…
United States President Donald Trump has signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former president Joe Biden. Trump’s order last week is consistent with pledges he made on the campaign trail to end what he calls a “preposterous” focus on EVs by Biden and other…
A shopper tries on a gold bracelet at a jewelry store in Chongqing. SUN KAIFANG/FOR CHINA DAILY China’s domestic gold production in 2024 exceeded 377.24 metric tons, up by 2.087 tons from 2023, reflecting a year-on-year increase of 0.56 percent, according to the latest data from the China Gold Association. However, gold consumption in the…
Cao Yang Multinational energy company Baker Hughes is eyeing growing opportunities from China’s energy transition, expressing strong optimism about its development in the country and underscoring the nation’s critical role in supporting its global supply chain. “China is a key part of our global supply chain and an important pillar in maintaining our global competitiveness,”…
Further improving the business environment is high on Shanghai’s agenda, as it helps the city better achieve its high-quality economic growth target, officials and industry experts said. All the 150 reform measures included in the business environment improvement action plan 7.0, which was released in February 2024, were completed by the end of last year,…