Apollo Go, Baidu’s autonomous ride-hailing unit, announced a strategic partnership with Lyft, a global mobility platform, on Monday, marking a significant step in the Chinese tech giant’s international expansion. According to the statement, Apollo Go will launch autonomous ride-hailing services in Europe via Lyft’s vast transportation networks by 2026. Using its sixth-generation autonomous vehicles, the…
The world’s first cargo flight to an offshore oil platform, conducted by a domestically developed 2-metric-ton electric vertical takeoff and landing (eVTOL) aircraft, demonstrates the immense potential of integrating low-altitude aviation with ocean-based industries, as well as the value of heavy-load eVTOLs in long-distance missions, experts said. To accelerate the application of eVTOLs in marine…
McDonald’s China opens a new restaurant in Beijing in July. [Photo provided to chinadaily.com.cn] McDonald’s China’s plan to open 1,000 new stores annually and reach as many as 10,000 locations by 2028 is on track, boosted by innovation and localization, according to its top executive. The food service chain unveiled a report recently to mark…
The benchmark Shanghai Composite Index gained 0.96 percent to close at 3617.60 points on Tuesday. CHINA DAILY Rising interest in Chinese assets both at home and abroad reflects investor confidence in the development of emerging industries and ongoing capital market reforms, said experts. The benchmark Shanghai Composite Index gained 0.96 percent to close at 3617.60…
China’s childcare subsidy, set at a standard 3,600 yuan ($501) per year for each child under the age of three, is expected to provide financial relief for families, potentially boosting household consumption, analysts said. This people-centric approach to policymaking is likely to foreshadow further increases in public spending on areas that directly benefit households, such…
Visitors play at an indoor snow-themed entertainment zone in Harbin, Heilongjiang province, on July 9. LIU YANG/FOR CHINA DAILY The popularity of indoor activities such as indoor skiing, surfing, fishing, rock climbing and nighttime museum visits is on the rise, as holidaymakers escape from the intense heat across the country this summer. In particular, the…
Chris Lai (left), co-founder and CEO of METiS Technologies, and Ren Peng(right), chairman and general manager of Shunxi Management Co Ltd, a general partner of the Beijing Medical and Health Industry Investment Fund pose for a photo. [Photo provided to chinadaily.com.cn] METiS Technologies, a Beijing-based company focused on AI-driven nanodelivery innovation, has completed its 400…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] BEIJING — Buoyed by stronger-than-expected economic performance and steered by policy continuity and certainty, China is accelerating through the home stretch of the 14th Five-Year Plan (2021-2025) to lay a solid foundation for future high-quality development. The first half of 2025 highlighted China’s…
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The benchmark Shanghai Composite Index gained 0.96 percent, closing at 3,617.60 points on Tuesday, reclaiming the 3,600-point level. The Shenzhen Component Index rose 0.59 percent, while the technology-focused ChiNext Index in Shenzhen also added 0.39 percent. Combined trading value on the Shanghai and Shenzhen bourses approached 1.6 trillion yuan ($220 billion), up 6.5 percent from…