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AI glasses market set for explosive 158% growth

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The artificial intelligence-powered glasses market is on track to experience strong growth, with shipments expected to increase by 158 percent year-on-year, reaching 5.1 million units globally this year, according to market research company Omdia. China is set to become the second-largest market for AI glasses after the United States, with shipments projected to reach 1.2…

Global biz leaders praise Jiangsu’s robust development environment

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On Tuesday, top executives from several multinational companies convened in Wuxi, Jiangsu province, to commend the region’s robust development environment, express a strong commitment to deepening partnerships, and explore strategies for enhancing the resilience of industrial chains in the face of global economic uncertainties. The event drew approximately 700 attendees from both home and abroad,…

Financial health underlined for inclusive finance development

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China is placing greater emphasis on financial health as the next stage of its inclusive finance agenda, shifting the focus from simply broadening access to improving the quality, depth and durability of financial services for households and small businesses. This shift was highlighted with the release of an inclusive finance white paper jointly launched on…

Catering sector sees steady October

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The nation’s catering sector continued its steady recovery in October, with total revenue rising 3.8 percent year-on-year to 519.9 billion yuan ($73.12 billion), said the National Bureau of Statistics. Revenue from large-scale catering enterprises also saw growth, up 3.7 percent at 145.9 billion yuan. Over the first 10 months of the year, the sector generated…

Maersk unveils flagship logistics center in Shanghai

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AP Moller–Maersk, the Danish shipping and logistics group, officially unveiled its flagship logistics center in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone on Thursday, marking one of its largest global warehousing investments. Representing an investment of over $140 million, the facility spans 113,000 square meters and offers 147,000 square meters of…

Sino-European Finance Summit calls for strengthened dialogue across financial markets

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FRANKFURT – Participants at a finance summit held here on Wednesday called for enhanced dialogue and cooperation across financial markets between China and Europe. With the theme “Bridging Capital: A New Silk Road for Financial Investment,” the Sino-European Finance Summit brought together nearly 200 representatives from the political, financial, legal, and real economy sectors. Chen…

Nation sees rise in scale of concentrated solar power

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An aerial view of a solar thermal project in Jinta, Gansu province. CAO HONGZU/FOR CHINA DAILY China’s concentrated solar power (CSP) sector is accelerating its pace of industrialization and scale-up, with its growth rate far surpassing the global average and domestic technology localization almost reaching self-sufficiency. China’s installed CSP capacity grew at an annual compound…

Mastercard executive lauds Chinese EV’s ‘unparalleled’ value

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After touring a Chinese EV maker, Mark Barnett, global head of Small and Medium Enterprises (SME) at Mastercard, praised its exceptional value for money:”Fantastic product—unparalleled anywhere I’ve seen.” He said he’s ready to take one home to the UK—as soon as a right-hand-drive model becomes available. Tanks to chinadaily.com.cn Please visit: Our Sponsor

Analysts see A-shares in consolidation despite Friday’s decline

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Despite a dip in China’s A-shares on Friday, analysts believe the market remains in a consolidation phase as it prepares for 2026. They expect the Shanghai Composite Index to remain broadly stable around the 4,000-point level, with ongoing market style rotation. By Friday’s close, the Shanghai Composite Index finished at 3,834.89, down 2.45 percent, while…