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AI boom brings major changes in employment market

Students program robots to perform kung fu during an AI class at a primary school in Liuzhou, Guangxi Zhuang autonomous region, on Sept 4. LI HANCHI/FOR CHINA DAILY While the boom in artificial intelligence is ushering in new job opportunities, experts are cautioning that it will also bring short-term pain and change for some skilled…

Hainan aims big for niche sector

The advanced Sikorsky S76 medium twin-engine helicopter takes off from Sanya, Hainan and flies to Zhanjiang, Guangdong province. [Photo provided to chinadaily.com.cn] Hainan province plans to boost its low-altitude economy by aiming for a total economic output value exceeding 30 billion yuan ($4.24 billion) by 2026. The island province plans to achieve this by establishing…

Nation to build unified market

A view of the Huangpu River in Shanghai. [Photo/VCG] China will push ahead with the building of a unified national market as part of the country’s efforts to foster a more equitable and well-ordered development environment for market players, the State Council — the nation’s Cabinet — said on Friday. The imperative to adopt a…

2024 Global Data Ecosystem Conference to open in Shanghai

A visitor checks out Haier’s booth during an electronics expo in Shanghai in March. CHINA DAILY The 2024 Global Data Ecosystem Conference will be held from Oct 19 to 20 in Pudong New Area in Shanghai. The conference is jointly hosted by Shanghai Data Group and Shanghai Data Service Provider Association. Going into its third…

Tax policies aid income earners

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] More than 70 percent of people earning an income, did not have to pay tax in China last year, as the country’s individual income tax reform has significantly lightened the burden on lower-income earners, the latest…

Intl institutions choose hub in heart of capital

Financial Street is a bustling economic hub in downtown Beijing, where more than 1,900 financial institutions from China and abroad have made a presence. WEN ZHAO/FOR CHINA DAILY As the Annual Conference of Financial Street Forum opens in Beijing on Friday, the place where the forum happens and takes its name from is stepping into the…

Shanghai gears up for 7th China International Import Expo

Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] Shanghai is gearing up for the upcoming 7th China International Import Expo, CCTV reported on Friday. This year’s event, scheduled from Nov 5 to 10, has received confirmation from over 70 countries and international organizations to attend the national exhibition, overtaking last year in its scale.…

Hot topics set for discussion in Beijing

A bilingual sign for the Annual Conference of Financial Street Forum 2024 is prominently displayed on Beijing Financial Street to promote the event. SONG JIARU/FOR CHINA DAILY A prestigious financial event is to commence on Friday in Beijing, where senior government officials, along with experts, scholars and representatives from global financial institutions, will deliver keynote…

Chinese shares close higher Friday

BEIJING — Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 2.91 percent to 3,261.56 points. The Shenzhen Component Index closed 4.71 percent higher at 10,357.68 points. The combined turnover of the Shanghai and Shenzhen bourses reached around 2.1 trillion yuan ($294.31 billion), up from 1.49 trillion yuan recorded on the…

Nestle bullish on China’s infant nutrition sector

Two researchers check out human milk oligosaccharide at a Nestle research center. [CHINA DAILY] Global food and beverage giant Nestle will continue to invest in its infant nutrition business in China and is bullish about the market’s long-term prospects, driven by the still large number of newborns in the country and the imminent approval of…