An employee works on a machine tool assembly line in Chongqing on Feb 22. WANG QUANCHAO/XINHUA The expansion of the scope of large-scale equipment upgrades and consumer goods trade-in programs this year is expected to boost demand for machine tools, thanks to the rapid and effective implementation of the policies, the China Machine Tool and Tool…
This photo taken with a mobile phone shows people watching a sand table model of a real estate project in East China’s Shanghai, May 28, 2024. [Photo/Xinhua] Despite headwinds from a complex international environment and internal structural transformation, China’s new quality productive forces and improved consumption are expected to inject vitality into the real estate…
From left to right: Karen Yin, president of AkzoNobel China; Zhou Tao, China region president of DSM-Firmenich; Chen Pu, chief Asia officer of Syensqo; Shen Kelei, executive VP, and president for China unit, Marelli. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. To help in…
China is doubling down on technological innovation, particularly in areas like artificial intelligence and humanoid robots, to prop up economic vibrancy this year, hedge against escalating tariff threats from Washington, and counter sluggish domestic demand, senior economists said. On top of the current consumption boosting-initiatives, policymakers could invest even more in consumer-centric stimulus measures and…
SHANGHAI – East China’s metropolis Shanghai saw a record-breaking tourism revenue of 576.1 billion yuan ($80.3 billion) in 2024, said authorities on Friday. Among the total revenue, domestic tourism revenue achieved approximately 497.3 billion yuan while that of inbound tourism hit nearly $11.1 billion, both hitting a historic high, according to the municipal culture and…
Ole Gerdau, COO at Deutsche Bank China, highlighted that China’s strength in AI might surprise many. With the launch of DeepSeek, China’s unstoppable momentum in AI is clear. Deutsche Bank predicts that 2025 could be a turning point, with global capital shifting focus and increasing allocations to China’s financial market. Tanks to chinadaily.com.cn Please visit:…
Offshore wind turbines are pictured in the waters of Laizhou city, East China’s Shandong province, Jan 7, 2025. [Photo/Xinhua] China is making efforts to enhance the mutual recognition of green electricity certificates (GEC) with the global community in order to bolster economic and trade interactions, amid growing calls for carbon footprint proof of progress from…
With the country’s “No 1 central document” for 2025, released on Feb 23, calling for bolstering the coordination of agricultural research resources and developing agricultural new quality productive forces to help enrich farmers’ income, the growers are being encouraged to up their tech caliber in cultivation. In East China’s Shandong province, agricultural technology experts are…
A senior citizen wearing an exoskeleton walking aid device shops at a market in Hangzhou, East China’s Zhejiang province, Feb 24, 2025. [Photo/Xinhua] HANGZHOU – The cyborgs of science fiction, once symbols of superhuman abilities, are now powering China’s elderly care revolution as the nation’s silver economy surges. An exoskeleton walking aid device, designed by…
People visit the exhibition area of consumer goods during the seventh China International Import Expo (CIIE) in East China’s Shanghai, Nov 5, 2024. [Photo/Xinhua] Faced with structural issues at home and mounting external uncertainties, China should put in place a mix of macroeconomic and industrial policies, alongside meaningful reforms, to spur effective demand, stabilize the…