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Growing investor interest in AI companion robots

A robot makes coffee at a park in Guangming district of Shenzhen, Guangdong province, on Nov 27. [Photo/Xinhua] SHENZHEN — Able to accompany children at night and even alert parents of potential mental health risks in kids, an AI (artificial intelligence) companion robot for children developed by a Chinese company recently completed an early stage…

Sound eldercare system key to modernization

CAI MENG/CHINA DAILY For China to achieve Chinese modernization, the huge population base is a significant factor to focus on. Its aging population, which is relatively large on a global basis and still increasing, also requires efforts to properly address the situation. With an aging society that does not possess sufficient wealth to navigate the…

First-store economy going full throttle

People tour the Canton Tower business area during its debut in Guangzhou, Guangdong province, on Dec 28. WU WENJUN/FOR CHINA DAILY As new brands become key in driving traffic to China’s urban commercial spaces, the sustained rise of the “first-store economy” has further stimulated consumer appetite. First-store economy refers to a model in which various regions…

Trade-in scheme set to fuel car sales in 2025

A man looks at a Volkswagen SUV in a dealership in Shanghai in December. YIN LIQIN/CHINA NEWS SERVICE China has extended its vehicle trade-in policy for 2025, a move experts anticipate will yield a stronger effect than in 2024, leading to a potential surge in the consumption of automobiles in the world’s largest vehicle market. The…

New quality productive forces backed by digital economy

A visitor interacts with a customer service robot during a financial expo in Beijing. DU JIANPO/FOR CHINA DAILY With the rapid growth of the digital economy, digital finance has fundamentally altered traditional financial operations and service models. It not only represents a digital upgrade of financial services, but also serves as a powerful force driving…

First stores to unlock economic potential of smaller cities

Recently, when I returned to my hometown of Taiyuan in Shanxi province, it was hard not to notice a change in the air after years of living in bustling metropolises like Beijing. The second-tier city, where shopping options were once relatively limited to local brands and the occasional regional chains, has seen a remarkable shift…

Zhejiang to cultivate 20 ‘Eagle Enterprises’ in 2025

A worker deposits fabric products into a three-dimensional warehouse at a company in Keqiao district of Shaoxing, Zhejiang province, on March 14, 2024. [Photo/Xinhua] HANGZHOU — Zhejiang, a major manufacturing province in eastern China, plans to cultivate 20 new “Eagle Enterprises”, or industry leaders, predominantly from the private sector, in 2025. This initiative aims to…

State-owned group powers BRI countries

China’s State-owned enterprises have made significant contributions to infrastructure development in countries and regions involved in the Belt and Road Initiative or BRI, greatly improving local living standards. One such enterprise is the Shandong Electrical Engineering and Equipment Group, a State-owned company under the China Electrical Equipment Group Co specializing in electrical equipment manufacturing and…

30 years on, WTO continues to drive growth

When Hexagon AB, a Swedish metrology and geo-analytics company, first entered the Chinese market in 1993, all its coordinate measuring machines — devices used to gauge the precise geometrical characteristics of objects — had to be imported from Europe. More than 30 years on, the company sees 90 percent of its machines manufactured in China.…

China’s gaming industry accelerates global expansion

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