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Vice-mayor invites multinationals to set up regional HQs in Shanghai

This aerial panoramic photo taken on Jan 10, 2023, shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Comparing the China market to a continuously expanding supersized cake, with Shanghai as the most delicious slice, Lu Shan, vice-mayor of Shanghai, said during the city’s annual…

Alibaba committed to AI advancement amid leadership shake up

Alibaba Cloud’s chief technology officer, Zhou Jingren, will take a leading role in advancing the development of Alibaba’s signature Qwen large language model, following the departure of a key technical leader as the group reshuffles responsibilities around its foundational AI strategy. In an internal email to employees on Thursday, Alibaba CEO Eddie Wu responded on…

China to accelerate Hualong One’s mass construction

China is accelerating the mass construction of its self-developed, third-generation nuclear power technology, Hualong One, with several key engineering milestones reached in early March. Hualong One is China’s third-generation nuclear power technology with full intellectual property rights. It is also one of the most widely accepted series of third-generation nuclear power reactors in the world.…

China’s fiscal expenditure to reach record high in 2026: finance minister

BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…

China’s fiscal expenditure to reach record high in 2026: finance minister

BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…

China’s fiscal expenditure to reach record high in 2026: finance minister

BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…

China’s fiscal expenditure to reach record high in 2026: finance minister

BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…

Charting the course: China’s 2026 development priorities

China sets 2026 development targets: GDP growth of 4.5-5 percent; over 12 million new urban jobs; CPI increase of around 2 percent; grain output of around 700 million metric tons; and a reduction of around 3.8 percent in carbon dioxide emissions per unit of GDP. Steady progress toward high-quality development! Thanks to Chinadaily.com.cn Please visit:…

Moving away from reactive healthcare to preventative wellness

Residents exercise on treadmills at a community gym in Tiantang town, Yuexi county, Anqing, Anhui province, on Nov 20. WU JUNQI/FOR CHINA DAILY While the surge in sales of smart wearables, nutritional supplements and organic food made headlines during the just concluded Spring Festival holiday, economists and policy researchers view this trend as far more…

Central SOEs make strides in AI and quantum tech

Centrally administered State-owned enterprises (SOEs) have achieved significant breakthroughs in frontier technologies like artificial intelligence and quantum computing, said Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, on Thursday. Speaking on the sidelines of the ongoing annual session of the 14th National People’s Congress, China’s top legislature, Zhang…