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Small increase in renewable heating & cooling in 2024

The use of renewable energy sources in heating and cooling continues to increase in the EU, with the share reaching 26.7% in 2024, the highest value since the time series started in 2004 (11.7%). The share increased by 0.5 percentage points (pp) compared with 2023 (26.2%), but was below the average annual increase from 2004…

HSR expansion makes steady progress in western China

Constructors from State-builder China Railway No 4 Engineering Group complete building a 443.1-meter railway bridge, traversing the Yingshan-Dazhou Expressway and located in Dazhou, Sichuan province, on Jan 22, helping facilitate the development of China’s western region. [Photo provided to chinadaily.com.cn] Amid the country’s new push to increase the operating mileage of railways, constructors from China…

China’s BEV export growth is leaning on a long tail

For this note, we split China’s BEV export destinations into two groups: ten advanced economies (about 60% of export value) and the long tail of destinations (the other 147 markets, together 40%, with no single market above 5%).The 2025 headline number looks fine. China’s exports of pure electric cars rose 11% by value. But once…

Zhongshan Gamder powers up with new UNI socket series

Kuang Jian, general manager of Zhongshan Gamder Electric Appliance Co Ltd, introduces the company’s new power strip product series in Guangzhou, the capital of Guangdong, on Wednesday. [Photo provided to chinadaily.com.cn] Zhongshan Gamder Electric Appliance Co Ltd, based in Zhongshan, Guangdong province, announced its entry into the power strip market by launching a new socket…

CSRC steps up enforcement on private fund sector with record penalty

China’s securities regulator has imposed its heaviest penalty yet on illegal behaviors involving privately offered asset management firms, underscoring its ongoing efforts to intensify crackdown on illicit activities in the private fund sector to better protect investor interests. The China Securities Regulatory Commission said on Friday that Zhejiang Ruifengda Asset Management Co Ltd, several affiliated…

Chinese caviar sees growing global appetite

China’s seafood exports are no longer limited to swimming crabs, tilapia, eel and frozen products. Caviar produced by Chinese aquaculture firms, once a marginal presence in global markets, is gaining traction among overseas consumers in a sector historically led by European producers. At a sturgeon farming base on Qiandao Lake in Hangzhou, East China’s Zhejiang…

Duty-free shopping fuels Hainan’s inbound tourism

Costumers shop at the Sanya International Duty Free City in Sanya, South China’s Hainan province, on Jan 10. GUO CHENG/XINHUA HAIKOU — At the Sanya International Duty Free Shopping Complex in South China’s island province of Hainan, customers stood in a long line behind a checkout counter. Anton, a tourist from Belarus, was shopping with…

Distinct Chinese pathway for AI growth highlighted

With 87 percent of Chinese companies planning to increase investment in artificial intelligence in 2025, and more than half reporting faster-than-expected progress, China’s AI momentum is accelerating. At the same time, the AI+ Action Plan of the State Council, China’s Cabinet, is pushing adoption across priority sectors, from manufacturing and energy to healthcare, finance and…

Nvidia CEO visiting Shanghai as US eases curbs on H200 chips

  President and CEO of NVIDIA, Jensen Huang attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 21, 2026. [REUTERS/Denis Balibouse] Jensen Huang, CEO of Nvidia, visited Shanghai on Friday, underscoring the importance of the Chinese market to the US semiconductor company, which has been subject to a series of US…