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Green becomes defining feature of development in China: official

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State Grid employees inspect photovoltaic panels in Chuzhou, Anhui province. SONG WEIXING/FOR CHINA DAILY BEIJING – Green is the defining feature of China’s development in the new era and remarkable progress has been made in the country’s green and low-carbon transformation, said Tian Chunxiu, deputy director of the Policy Research Center for Environment and Economy…

Мария Бакалова и Нина Добрев по червения килим

DreamSmart joins fray in fierce EV market

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Su Jing, CEO of DreamSmart, announces the prices of newly launched products on Sept 25 in Beijing. [Photo provided to chinadaily.com.cn] DreamSmart, known for its augmented reality glasses and smartphones, has entered the electric vehicle market by launching the Z10 STARBUFF sedan earlier this week in Beijing, aiming to take a bite of the electric…

IMD expert highlights China’s steady progress in 2024 World Talent Ranking

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The skyline of Beijing. [Photo/VCG] GENEVA – China is making steady progress thanks to higher spending in education and the country’s vast talent pool, with a three-place increase in the 2024 World Talent Ranking, an expert from the International Institute for Management Development (IMD) has said. The 2024 World Talent Ranking report, released by the…

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China cuts interest rate of 7-day reverse repos

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File photo shows an exterior view of the People’s Bank of China in Beijing. [Photo/Xinhua] BEIJING – China’s central bank on Friday cut the interest rate of seven-day reverse repos from 1.7 percent to 1.5 percent. The move aims at intensifying counter-cyclical adjustment of the monetary policy and supporting the stable economic growth of the…

Shanghai Stock Exchange probing into slow confirmation of stock transactions

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Investors gather at a counter of the Shanghai Stock Exchange in Shanghai. [Photo provided to China Daily] SHANGHAI – China’s Shanghai Stock Exchange said Friday it is probing into the slow confirmation of stock transactions found after the opening of Friday’s morning session. The exchange will continue to keep investors informed, and investors may contact…

Down jackets growth engine for brands

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Bosideng’s booth at an expo in Shanghai in May. [Photo/China Daily] As winter approaches, sportswear brands are ramping up efforts to capture growth in the winter jacket market, particularly those targeting Generation Z consumers and in the expanding winter sports scene. Lululemon, a leader in athleisure, doubled down on its winter jackets category to penetrate…

CRRC unveils green hydrogen train tech at Berlin fair

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China’s first hydrogen-powered intelligent intercity train seen at InnoTrans 2024 in Berlin.[DENG WANGQIANG/FOR CHINA DAILY] China debuted its first hydrogen-powered intelligent intercity train, CINOVA H2, at InnoTrans 2024, a leading international trade fair for transport technology, held in Berlin on Tuesday. Developed by CRRC Qingdao Sifang Co Ltd, a Shandong province-based subsidiary of China Railway…

Baosight Software unveils domestically-built programmable logic controller products

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New programmable logic controller (PLC) products researched and developed independently were launched by Shanghai Baosight Software Co Ltd on Friday in Shanghai, a major step in localization and independent innovation of the industrial control system, according to the Shanghai-listed software company. Known as Baosky Series, the PLC products were researched and developed independently by Baosight…

Pet sector drives innovations for healthier lives

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A cat plays with a toy during Pet Fair Asia in Shanghai in August. ZHANG LONG/FOR CHINA DAILY Driven by the increasing number of pets and the evolving demands of consumers, China’s pet industry has seen strong growth in recent years, propelling product innovations that prioritize health and nutrition. Since the beginning of 2024, newly…