The Geely logo is seen on a rim at a car dealership in Shanghai, on Aug 17, 2021. [Photo/Agencies] Geely Automobile Holdings saw its operating revenue hit a record 107.3 billion yuan ($15.05 billion) in the first half this year, soaring 46.6 percent year-on-year, said the Hong Kong-listed carmaker on Wednesday. The Chinese conglomerate delivered…
The Big Data Industry Ecological Alliance released the Top 50 Big Data Enterprises in China 2023 on Jan 22. It was found that private tech giants and internet enterprises raked in a large number of positions on the list. Let’s take a look at the top 10 enterprises. Tanks to chinadaily.com.cn Please visit: Our Sponsor
[Photo/VCG] China has made major breakthroughs in a computing power technology that can reduce data transmission costs by 50 percent, which was the first of its kind worldwide, amid the scarcest AI computing boom to support ChatGPT-like applications, a top expert said on Thursday. The technology, dubbed optoelectronic integrated wide-area deterministic network technology, is a…
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] With the United States appearing to be poised for interest rate cuts starting September, Chinese policymakers should strengthen monitoring of capital flows and prepare contingency plans against any potential sharp renminbi appreciation, analysts said. While a…
The expression “consolidating the foundation and boosting vitality” has been attracting market attention recently, after Chinese authorities said during a news conference that the country will stabilize economic growth in such a manner. First-half data may provide deeper insight. First, the 5 percent economic growth was achieved during a period of transitioning between old and…
A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] BEIJING – The China Association of Automobile Manufacturers (CAAM) on Wednesday expressed strong dissatisfaction and firm opposition to the European Commission’s plan to slap hefty import duties on Chinese electric vehicles (EVs). Last month, the commission imposed provisional additional…
Travel bookings have entered the peak season in China, weeks ahead of the Spring Festival holiday, which falls on Feb 10 to 17. Data from Meituan and Dianping, China’s major on-demand services providers, showed during Feb 9 to 17 tourism bookings, including home-stay hotels, scenic spot tickets and transportation tickets, increased about seven times over…
A delivery drone heads for the Badaling section of the Great Wall in Beijing on Friday. WU YIBIN/FOR CHINA DAILY Fancy some steamed buns or sandwiches to beat the hunger pangs when hiking on the Great Wall? Look no further than e-commerce platform Meituan, which is combining an innovative service model with cutting-edge drone technology…
An automated impeller production line of Goldwind Science & Technology Co Ltd, in Dabancheng, Northwest China’s Xinjiang Uygur autonomous region. [Photo provided to chinadaily.com.cn] Goldwind Science & Technology Co Ltd, a Chinese wind turbine manufacturer located in Northwest China’s Xinjiang Uygur autonomous region, continues to integrate digital technology into its production, expand the company’s footprint…
[Photo/VCG] BEIJING – China’s National Development Bank (NDB), a key policy bank, has successfully released 12 billion yuan ($1.7 billion) in the form of three-year green financial bonds, with an issuance rate of 1.63 percent, which have attracted a wide variety of investors. The NDB has now reached a cumulative total of 189 billion yuan…