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GDP up by 0.1% in the euro area and by 0.2% in the EU

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1.45 million new battery-only electric cars in 2024

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Wuhan firm pioneers laser-cut SiC wafers

A Chinese tech firm in Wuhan, Hubei province, has achieved a breakthrough in mass-producing silicon carbide (SiC) wafers at record speeds by using lasers instead of diamond wires. This marks a major technical advancement for electric vehicle makers working on faster charging systems. [Photo by Wei Lai/Provided to chinadaily.com.cn] A Chinese tech firm in Wuhan,…

Nation’s high-speed rail development brings global partners, cities closer

A drone image shows a section of the Lanzhou-Lianyungang Railway in Xuzhou, Jiangsu province. Construction workers from China Railway 24th Bureau Group Corp are working on a major conduit facilitating links between Xuzhou and Mingguang, Anhui province. CHINA DAILY BEIJING — Weeks after the conclusion of the 12th International Union of Railways World Congress on High-Speed…

Over 30,000 foreign-invested enterprises established in China in H1

BEIJING — A total of 30,014 foreign-invested enterprises were newly established in the Chinese mainland in the first six months this year, representing year-on-year growth of 11.7 percent, the Ministry of Commerce said on Tuesday. During the period, foreign direct investment (FDI) in the Chinese mainland in actual use totaled 423.23 billion yuan ($59.18 billion),…

Video generation AI creating new niche

A view of the booth of Kuaishou Technology during an expo in Shanghai. [LONG WEI/FOR CHINA DAILY] Chinese video-sharing platform Kuaishou Technology is banking on artificial intelligence-powered video generation models, which boast immense application potential in fields including film, animation, mini dramas and advertising. Experts believe text-to-video generators have the potential to revolutionize the short-video,…

Guangdong firms ride booming trade ties with Europe

An employee of Chinese home appliance maker Midea Group inspects air conditioners at a workshop in Guangzhou, Guangdong province, in March. [Photo/Xinhua] GUANGZHOU — With scorching temperatures gripping much of the northern hemisphere, demand for cooling appliances such as air conditioners, refrigerators and fans has soared across Europe. This surge is being felt thousands of…

Stories of High-Quality Development | Accelerating construction of a modern industrial system

Driving the development of new quality productive forces through scientific and technological innovation and building a modern industrial system constitute the key pathway for China to anchor its goal of high-quality economic development, seize opportunities to gain strategic initiative, and achieve great national rejuvenation. Currently, consumer-oriented, personalized, and flexible manufacturing products are rapidly becoming part…

State Grid Shanghai project wins big at World AI Conference

The Megacity Intelligent Energy Management Master project was one of the top-prize winners at the 2025 World AI Conference & High-level Meeting on Global AI Governance (WAIC) in Shanghai on Saturday. The management system, operated by State Grid Shanghai Municipal Electric Power Co and powered by the AI+Guangming Large Model, stood out from among 223…

Innovation platform for smart tech launched

China Mobile logo is seen on an office building in Beijing. [Photo by Sun Chi/chinadaily.com.cn] A major national open innovation platform for artificial intelligence has been unveiled to leverage the collective strength of State-owned enterprises and the broader industrial chain for accelerating the development of the AI sector in China. Guided by ministries including the…