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Shanghai hosts cross-border roundtable to enhance intl commercial mediation

A cross-border cooperation roundtable is held in Shanghai on Tuesday, bringing together experts from judicial administration, dispute resolution, commercial law, and international trade sectors from China and Singapore. [Photo by Zhou Wenting/chinadaily.com.cn] To innovate the application of legal frameworks for commercial mediation and enhance the international business environment, a cross-border cooperation roundtable was held in…

CNOOC’s Kenli 10-2 oilfield starts production in Bohai Sea

China National Offshore Oil Corporation announced on Wednesday that the first phase of the Kenli 10-2 oilfield cluster — the country’s largest offshore shallow-layer lithological oilfield — has fully commenced production. Located in the southern Bohai Sea, the field boasts proven geological reserves exceeding 100 million metric tons. It currently yields over 2,800 tons of…

Rare disease sector seen as frontier for innovation

China’s rare disease sector is entering a strategic window for biomedical innovation, as the country’s expanding diagnosis network and relatively large unmet medical needs create new momentum for drug development, clinical translation and payment support mechanisms, a top rare disease expert said. Zhang Shuyang, president of Peking Union Medical College Hospital, told China Daily that…

Central SOEs urged to ramp up digital efforts

Technicians from China Mobile check a 5G base station in Tongling, Anhui province. [Photo by Guo Shining/for China Daily] China’s centrally administered State-owned enterprises have made substantial progress in both industrial digitization and digital industrialization, boosting their roles in ramping up the country’s digital economy development, experts said. The State-owned Assets Supervision and Administration Commission…

Nation expands push for investment

As the global economic recovery faces significant headwinds amid rising geopolitical risks, China is doubling down on high-standard opening-up, offering multinational corporations something that has become increasingly scarce: market stability, policy predictability and a vast consumer base, officials and experts said. “The global economy is undergoing profound adjustments, and the uncertainty around the recovery is…

Unitree gearing up for IPO; Shanghai review next week

Visitors record a humanoid robot performance staged at the booth of Unitree Robotics during a high-tech expo in Beijing on March 20. TANG KE/FOR CHINA DAILY Chinese humanoid robot maker Unitree Robotics will face Shanghai’s listing committee next week for its planned STAR Market initial public offering, as the company reported surging revenue growth, expanding…

Binhai New Area turns into a green development hub

A view of the port area of Binhai New Area in Tianjin. XINHUA Over the past decades, Binhai New Area, a coastal area of Tianjin, has transformed from a patch of saline-alkali wasteland into a modern, eco-friendly district, and is now shaping a new growth model centered on green development, officials said. “Binhai has become…

Economists call for closer Sino-US AI cooperation

As China and the United States race to expand their artificial intelligence capabilities, economists said the two countries need closer cooperation on global governance and safety standards to better manage the technology’s potential risks. Although the US continues to lead in frontier AI research, large-scale models and computing power, economists said that China is rapidly…