High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang/China Daily] The Shanghai municipal government revealed several efforts to stabilize foreign investment during a news conference held on March 20 for the upcoming Shanghai Global Investment Promotion Conference 2025. 1. Introduce policies more precisely (1) Release the policy…
China’s total installed power generation capacity surged 14.5 percent year-on-year in the first two months of 2024, driven by significant increases in solar and wind power, shown by data from the National Energy Administration (NEA) showed on Thursday. By the end of February, China’s total installed power generation capacity reached 3.4 billion kilowatts, the NEA…
A visitor interacts with Baidu’s Ernie AI chatbot model during an expo in Shanghai. [LONG WEI/FOR CHINA DAILY] Chinese tech giant Baidu Inc has unveiled its latest large language model Ernie 4.5 and deep-thinking reasoning model Ernie X1, both of which are now freely accessible to individual users. Ernie 4.5 is Baidu’s new generation multimodal…
The high-quality development of the service industry in Shanghai should aim for better serving technology advancement and boosting consumption, according to a new guideline released by the municipal government. Made up of 31 detailed measures, the new guideline, released on Monday, said that the service sector should further consolidate its role as an economic driver,…
Invited guests view the new Rolls-Royce Phantom at an event in London, Britain. [Photo/Agencies] British luxury automaker Rolls-Royce is witnessing a shift in its Chinese customer base, marked by youthfulness, diversity and a demand for personalization, according to a company senior executive. Zhao Zhen, regional director of Greater China at Rolls-Royce, emphasized the brand’s deepening…
CAI MENG/CHINA DAILY The “reciprocal” tariff strategy is an iconic move by US President Donald Trump in his administration. According to Kevin Hassett, director of the US National Economic Council, trading partners of the United States are charging tariffs “two or three times the amount the US is charging” — which is apparently not true,…
The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. [Photo/VCG] China has fleshed out policy steps to shore up consumer spending, with a focus on increasing people’s income and expanding the consumer goods trade-in program, after the country…
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