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AI services expand in Macao’s payment, finance sectors

MACAU Pass, a Macao-based fintech platform, is expanding AI-powered digital payment services in Macao, with support from Ant Bank (Macao) and Alibaba ecosystem partners, as the city pushes ahead with smart-city development and economic diversification. The applications, showcased at the just-concluded BEYOND International Technology Innovation Expo 2026 in Macao, covered digital payments, smart finance, cloud…

Guangdong advances marine ranching with new cage systems

China’s push to build a modern “blue granary” is gaining fresh momentum in Guangdong province, where two advanced marine ranching cage systems have completed commissioning, underscoring the province’s efforts to expand deep-sea aquaculture and strengthen its marine economy. The systems, Ganghang 2001 and Ganghang 2002, are China’s first pair of hexagonal pile-supported, liftable truss cage…

12th CSITF to offer new innovations and guest experiences

The 12th China (Shanghai) International Technology Fair will be held at the Shanghai World Expo Exhibition and Convention Center between June 11 and June 13, the Information Office of Shanghai Municipality said on Wednesday. “Based on the overall deployment of the national and Shanghai’s 15th Five-Year Plan (2026-30) outline on scientific and technological innovation and…

Guangdong RCEP tariff concessions grow 32 percent for second straight year

Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] Tariff concessions at Guangdong import and export ports rose by more than 32 percent for the second consecutive year in 2025, as the province marks the third anniversary of the full implementation of the Regional Comprehensive Economic Partnership…

Seven hundred participants gather in Guangzhou for smart equipment and AI exhibition

The Guangzhou International Smart Equipment and Artificial Intelligence Exhibition 2026 kicked off in this Guangdong provincial capital on Wednesday. [Photo by Zheng Caixiong/chinadaily.com.cn] The Guangzhou International Smart Equipment and Artificial Intelligence Exhibition 2026 opened on Wednesday in Guangzhou, Guangdong province, drawing more than 700 domestic and international participants to the China Import and Export Fair…

Shanghai deepens push as global asset management hub

Shanghai unveiled an ambitious blueprint to strengthen its position as a global asset management hub, setting a target of 55 trillion yuan ($8.12 trillion) in assets under management by 2030 — equivalent to one-third of the national total — as it seeks to enhance the global allocation and risk management functions of renminbi-denominated assets. The…

Shanghai to host major pharma industry exhibit

A Shanghai exhibition will demonstrate that China’s pharmaceutical industry has been transformed from a follower to a core center of global innovative drug research and development, offering a mature, reliable solution for the world, according to the China Chamber of Commerce for Import and Export of Medicines and Health Products. Asia’s largest pharmaceutical event, CPHI…

Private companies eye larger role in strategic energy

China is stepping up efforts to integrate private capital into its strategic energy infrastructure, creating a robust ecosystem for innovation that will power the nation’s green transition and its booming digital economy. The National Energy Administration recently announced plans to better formulate investment guidelines for private enterprises in major energy projects, including hydropower and oil…

Events set to boost Beijing’s economy

Beijing State-Owned Assets Management Co is accelerating the integrated development of culture, business, tourism, sports and exhibitions, projecting the municipality to host 1,800 events and attract over 22 million visitors throughout 2026, an official of the company said. “Standing at the new starting point of the 15th Five-Year Plan (2026-30), we will work with all…

100 trln yuan govt debt seen as controllable

China’s outstanding government debt has likely topped the 100 trillion yuan ($14.8 trillion) mark, though despite the scale, experts said the overall risk remains “safe and controllable” as the debt burden is moderate by global standards and funded projects are mainly quality assets. According to the People’s Bank of China, the country’s central bank, the…