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Skiing draws crowds beyond snow belt

HANGZHOU — In parts of China where heavy snowfall is rare, ski resorts are drawing growing crowds, fueled by advances in snowmaking technology, the rapid growth of indoor ski resorts and rising enthusiasm for winter sports among southern Chinese holidaymakers. At SkyLand, a ski resort, located over 1,100 meters above sea level in Anji county…

JD reports profit drop for 2025

Chinese e-commerce platform JD reported a drop in annual profit on Thursday, with heavy investment in its food delivery service having an impact on earnings. According to the company’s earnings report for the quarter and full year ended 2025, net revenue for the fourth quarter reached 352.3 billion yuan ($49 billion), up 1.5 percent from…

Lower growth target signals China’s pivot toward domestic demand, experts say

China’s slightly lower GDP growth target of 4.5 to 5 percent for this year signals what experts view as a pragmatic adjustment that will be paired with robust policy support aimed primarily at strengthening domestic demand. In the Government Work Report submitted on Thursday to China’s top legislature for deliberation, the government outlined proactive fiscal…

Framework for AI expansion mooted

Zhou Hongyi, a member of the 14th National Committee of the Chinese People’s Political Consultative Conference and founder of 360 Security Group, answers reporters’ questions at the Great Hall of the People on Thursday. ZOU HONG/CHINA DAILY As China’s artificial intelligence industry enters a new phase of development, a national political adviser has proposed a…

Sky’s limit for Hainan aircraft overhauls

Employees conduct inspections on an aircraft at the one-stop aircraft maintenance industrial base in Haikou, Hainan province, on Nov 21. ZHANG LIYUN/XINHUA As the Boeing 787-8 Dreamliner jet, gleaming in its Royal Jordanian airline livery, slowly taxied into a hangar at Haikou Meilan International Airport, its massive engines hummed with the quiet promise of a…

Nuclear power eyed as backbone for surging energy needs of smart tech

An image shows the hoisting of the steel containment vessel top head for Unit 1 at the Xudapu Nuclear Power Plant in Huludao, Liaoning province, on Feb 10. XINHUA Nuclear power has a vital role to play in satisfying the skyrocketing electricity demands of the artificial intelligence sector, and should serve as the reliable, zero-carbon…

Fiscal compliance efforts stepped up

The State Taxation Administration unveiled this week the outcomes of key initiatives carried out in 2025, designed to build a unified national market and support high-quality economic development via fairer tax policies. A core component of these initiatives was strict governance of unlawful tax practices tied to local investment incentives, with a disciplinary rule enforced…

Nurturing new growth drivers seen as major economic development priority

A technician checks humanoid robots at a technology center in Zigong, Sichuan province. HE HAIYANG/FOR CHINA DAILY As one of the major tasks outlined in this year’s government work report, China will foster new growth drivers at a faster pace by intensified efforts to cultivate emerging and future industries, Premier Li Qiang said on Thursday…

China’s service sector to top 100 trillion yuan in 2026-2030: economic planner

BEIJING — The size of China’s service sector is expected to expand beyond 100 trillion yuan ($14.49 trillion) in the 15th Five-Year Plan period (2026-30), head of the country’s top economic planner said Friday. Zheng Shanjie, head of the National Development and Reform Commission (NDRC), made the remarks at a press conference on the sidelines…