A view of Baidu World 2025, the company’s annual flagship tech event held in Beijing. YE LINGYU/FOR CHINA DAILY Chinese tech giant Baidu Inc on Thursday unveiled the latest generation of its self-developed Kunlun chips and the upgraded version of its large language model Ernie 5.0, marking a significant step in boosting artificial intelligence technology…
Wu Qing, chairman of the China Securities Regulatory Commission, visited Paris and Rio de Janeiro from Monday to Thursday, meeting with local financial regulators and institutional investors to advance bilateral cooperation and promote the opportunities in China’s capital market. During the visit, Wu held bilateral meetings with leaders from the Autorité des Marchés Financiers, France’s…
Business representatives visit the Kashgar area of the China (Xinjiang) Pilot Free Trade Zone in the Xinjiang Uygur autonomous region on Nov 7. FANG AIQING/CHINA DAILY A news conference in Urumqi on Thursday highlighted how the China (Xinjiang) Pilot Free Trade Zone has advanced development in the Xinjiang Uygur autonomous region since its establishment in…
The United States tech company Apple said on Friday that it would cut the company’s App Store fees from 30 percent to 15 percent for mini app makers who enter its new Mini Apps Partner Program. The Mini Apps Partner Program offers app developers the reduced fee in exchange for developers agreeing to use some…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] BEIJING — China’s yuan-denominated loans rose 14.97 trillion yuan ($2.11 trillion) in the first 10 months of the year, central bank data showed on Thursday. Of the total, household loans grew 739.6 billion yuan, while loans to enterprises and public institutions increased…
The view of Shanghai’s CBD is seen in this photo. [Photo/VCG] China’s economic performance held steady in October amid headwinds and uncertainties, with industrial production reporting stable growth, driven by strong performances in equipment manufacturing and high-tech sectors, official data showed on Friday. Figures released by the National Bureau of Statistics (NBS) showed that China’s…
China would benefit from fine-tuning its fiscal system, moving the focus of taxation from factories to consumers, a move analysts say would help dismantle local protectionism and accelerate the development of a unified national market. Currently, value-added taxes — the largest source of tax revenue — are collected where goods and services are produced, said…
Workers assemble cars on the production line of FAW-Volkswagen in Qingdao, Shandong province, on March 25. LIANG XIAOPENG/FOR CHINA DAILY China and Germany are entering a new stage of collaboration in the automotive sector, moving beyond market complementarity to jointly develop technologies and standards that will help shape the global industry’s transformation toward electrification and…
Foreign institutions are showing increasing interest in China, where economic growth is driven by technological innovation and the capital market is more accessible to international investors, said industry mavens and officials. They made such comments during the Shanghai Stock Exchange Global Investors Conference on Wednesday, which was being held for the seventh consecutive year. Paul…
GE Vernova’s booth at the eighth China International Import Expo in Shanghai on Nov 6. CHINA DAILY GE Vernova views China as a crucial market for commercializing hydrogen power, with the company’s top executives pointing to the nation’s unique capacity to scale up new energy technologies and its ambitious carbon neutrality goals as the primary…