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Luxury brands rise as LVMH takes notice

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A view of The Louis, which was launched in Shanghai earlier this year. CHINA DAILY Bernard Arnault, CEO of LVMH, made a visit to China last month — the third year in a row — continuing his strategic focus on the region’s luxury market. However, this year’s trip marked a notable turn. It is reported…

AI speeding up shift of construction industry

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[Photo/VCG] Artificial intelligence is transforming the construction sector, saving costs and enhancing efficiency and management, with its usage expected to further expand in the future, experts said. AI has been integrated throughout the lifecycle of construction, including cost estimation, construction management, and bidding and settlement. China Construction Third Bureau Digital Engineering Co Ltd said more…

China, Germany reach outcomes after discussions

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German Vice Chancellor and Finance Minister Lars Klingbeil and China’s Vice-Premier He Lifeng deliver their statements after a high-level meeting at Diaoyutai State Guesthouse in Beijing, China, Nov 17, 2025. [Photo/Agencies] China and Germany have reached a series of outcomes during high-level financial talks in Beijing, a clear signal that both countries are moving to…

Dutch govt urged to mend chip dispute

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The Dutch government’s move to distort facts and persist in unilateral actions is counterproductive to resolving issues regarding Nexperia, a Chinese-owned semiconductor company based in the Netherlands, said market watchers, warning that such actions will only heighten tensions with China. China is extremely disappointed and strongly dissatisfied with the statement made by Vincent Karremans, the…

Digital transformation powers upgrade of manufacturing enterprises in Northeast China

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Staff members work at a factory of a subsidiary of China First Heavy Industries in Qiqihar, Northeast China’s Heilongjiang province, April 28, 2024. [Photo/Xinhua] SHENYANG — Digital transformation is accelerating among small and medium-sized enterprises in Northeast China’s industrial base, aided by supportive technical service system and thriving industrial ecosystem. In Wafangdian city, a major…

China implements higher-level financial opening-up policies in Hainan

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HAIKOU — Recently, Sunrise Fuel (Hainan) Co Ltd completed a cross-border transaction settlement with an overseas client through its EF account in less than two hours in South China’s Hainan province. It is a speed that would have been unimaginable in the past. “With the EF account, we can handle cross-border settlements entirely online through…

European Statistical Monitor: November edition

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Today, Eurostat released the European Statistical Monitor, a dashboard with short-term indicators covering different areas, such as economy, environment, business, health and work. This monthly updated dashboard is designed to track developments within the EU as a whole and its members, as well as the EFTA countries, providing a holistic overview of key developments. It…

Maker space company takes center stage at Shenzhen faire

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[Photo/chinadaily.com.cn] Mushroom Cloud Maker Space showcased a range of AI applications in hardware, education and ecosystem development at last weekend’s popular 2025 Maker Faire Shenzhen. The company brought a variety of interactive AI hardware projects to the event, including smart assistants, edge-AI devices, robotics and a mini automobile, displaying how artificial intelligence is steadily evolving…

Rail bridge upgrade to boost coal transport efficiency

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Construction workers from China Railway No 4 Engineering Group complete renovation on the grand bridge traversing the South Canal in Hebei province on Nov 11, ensuring the smooth flow of coal along the Shuozhou-Huanghua Railway. [BIAN ZHIQIANG/For chinadaily.com.cn] Renovation work on a key bridge along the Shuozhou-Huanghua Railway — a major national heavy-duty railway transporting…

AI operations boot Baidu revenue through 2025

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Chinese tech giant Baidu Inc reported on Tuesday that its total revenue reached 31.2 billion yuan ($4.38 billion) in the third quarter of this year, with artificial intelligence-powered businesses delivering robust revenue growth. Revenue from Baidu’s core businesses, including search engines, reached 24.7 billion yuan during the July-September period, while revenue from AI businesses grew…