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China’s auto sector reports record production and sales figures

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China’s auto production and sales both surpassed 20 million units in the January–August period for the first time, with new energy vehicles accounting for 45.5 percent of total new car sales, according to data released by the China Association of Automobile Manufacturers (CAAM) on Thursday. During the period, auto production reached 21.05 million units and…

China’s central bank renews currency swap deals with European counterparts

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BEIJING – The People’s Bank of China (PBOC), China’s central bank, has renewed bilateral currency swap agreements with the European Central Bank (ECB), the Swiss National Bank (SNB), and the National Bank of Hungary (MNB), respectively. The size of the PBOC-ECB swap is 350 billion yuan (nearly $50 billion), or 45 billion euros, and is…

Seres Power unveils cutting-edge solutions in Munich

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Seres Power holds a technology launch ceremony in Munich, Germany, on Sept 9, 2025. [Photo provided to chinadaily.com.cn] Seres Power, the drivetrain arm of Chinese automaker Seres Group, is showcasing its latest products at the IAA Mobility in Munich, Germany, as it seeks to expand its technology footprint beyond China. At an event on Tuesday,…

AI is entering its ‘era of experience’

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The 2025 Inclusion Conference on the Bund is running until Saturday in Shanghai. [Photo provided to chinadaily.com.cn] Artificial intelligence is gradually starting to reach the limits of human data, and is expected to unleash more potential in a new “era of experience”, with continual learning as one of the cores, an expert has said at…

China’s factory-gate price decline narrows in August

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A worker handles products at the Shu Brocade Workshop of the Chengdu Shu Brocade Research Institute, a private enterprise in Chengdu, Sichuan province. [LI XIANGYU / FOR CHINA DAILY] China saw its factory-gate prices decline narrowed in August, while consumer prices fell slightly, the official data showed on Wednesday. China’s producer price index – which…

China, Germany pledge deeper auto ties at IAA

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The Munich session of the 2025 World New Energy Vehicle Congress is held on Sept 10, 2025 in Germany. [Photo provided to chinadaily.com.cn] China and Germany vowed to strengthen cooperation in the global shift toward electric and smart vehicles, as industry and government leaders gathered on Wednesday at the World New Energy Vehicle Congress on…

PPI declines ease in Aug, first since Feb

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Shoppers buy vegetables at a supermarket in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY China’s factory-gate price declines eased in August for the first time in six months, signaling improving supply-demand dynamics and a stabilizing economy supported by proactive macroeconomic policies, officials and analysts said on Wednesday. Looking ahead, analysts expect prices to stage a mild…

Shanghai tech conference showcases AI in action

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Robbyant’s R1 robot chef ChefZ is on display at the 2025 Inclusion Conference on the Bund in Shanghai. [Provided to chinadaily.com.cn] The 2025 Inclusion Conference on the Bund, which spotlighted the real-world application of artificial intelligence, embodied intelligence, and advanced technologies across various industries and aspects of daily life, kicked off on Wednesday in the…