China National Offshore Oil Corporation announced Sunday that the secondary development project of the Liuhua Oilfield, the country’s first deepwater oilfield, has fully commenced operation, a major breakthrough in China’s ability to develop complex deepwater oil and gas reservoirs. Located in the Pearl River Mouth Basin, the oilfield is China’s largest offshore reef limestone oilfield…
Russia’s decision greenlighting a visa-free policy for Chinese nationals was a reciprocal response to China’s earlier visa-free pilot policy for Russian citizens, which will greatly ease cross-border travel and is seen as a key step in deepening people-to-people ties while also boosting practical cooperation across sectors, experts said. Russian President Vladimir Putin signed a decree…
Horizon Robotics displays models featuring its driving assistance solutions at the Horizon Together 2025 Summit in Shenzhen, Guangdong province, on Dec 8. CAO YINGYING/CHINA DAILY China’s largest group of car owners — people who navigate the hustle and bustle of daily urban life — don’t they deserve the most user-friendly urban driving assistance features? Yu…
Guests interact with artificial intelligence companion toys on Nov 16 at the 2025 Global AI+ Conference in Beijing. CHEN XIAOGEN/FOR CHINA DAILY Eager to tap into a huge potential customer base, industry players are accelerating their push into the artificial intelligence-driven toys market, hoping to unlock new growth as supportive policies inject fresh momentum into…
Facing a vast population base, extended life expectancy and people’s rising living standards, China’s medical device sector is embracing a promising future, industry experts said. Wang Binbin, director and general manager of the Beijing Medical Robotics Industry Innovation Center, said: “China is the world’s second-largest medical device market, and the growth of the market exceeds…
A shopper (left) examines a mobile phone which enjoys trade-in price subsidy at a store in Leshan, Sichuan province. LI HUASHI/FOR CHINA DAILY BEIJING — Chinese authorities on Sunday made public a circular urging stronger coordination between the commerce and financial sectors to step up support for consumption, a key driver of the country’s economic…
China, amid growing headwinds, has once again sent a clear message to the world: It will remain committed to high-standard opening-up, an unwavering stance that fuels its own sustained growth and offers the world greater access to its super-sized market, economists and executives said. Beijing has outlined a clear road map, one that will better…
Visitors learn about a manned aircraft during the China International Digital Economy Expo 2025 in Shijiazhuang, North China’s Hebei province, Oct 17, 2025. [Photo/Xinhua] BEIJING — The scale of China’s core artificial intelligence (AI) industry is expected to exceed 1.2 trillion yuan (about $170 billion) in 2025, according to a research institute under the Ministry…
China’s sharpened emphasis on building a strong domestic market underscores the country’s long-term resolve to bolster economic resilience and development security amid external challenges as it gears up for the 15th Five-Year Plan (2026-30), economists and policy advisers said. The Central Economic Work Conference, they said, has signaled potential new measures to strengthen domestic demand…
Supermarket billionaire John Catsimatidis has been a giant in the New York City business world for over 50 years, starting with the purchase of grocery stores and branching out to an airline, oil and gas, real estate, media investments and other projects. But as the 77-year-old, known as the “common-sense billionaire”, looks back on his…