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Draft to amend price law unveiled

China unveiled the draft of an amendment to its price law on Thursday for seeking public opinions, marking a significant step in strengthening market supervision, deterring unfair pricing practices, and reinforcing the country’s push toward a more efficient and high-quality economic structure. Experts said the move sends a clear signal that China is committed to…

IPv6 pioneer applauds China’s digital progress

Speaking at the 2025 World Internet Conference Digital Silk Road Development Forum in Quanzhou, Latif Ladid, founder and president of the IPv6 Forum, commended China’s achievements in building next-generation internet infrastructure. Over 800 million people in China now use IPv6, making the country the global leader, according to Ladid. Data from GSMA shows China also…

China Unicom unveils platform to help automakers’ global push

China Unicom Smart Connection Technology Limited unveils the China Unicom intelligence global IoV platform at the 2025 China Unicom partner conference. [Photo provided to chinadaily.com.cn] Chinese automakers are transitioning from merely exporting vehicles to establishing a comprehensive presence in global markets, leveraging their advantages in electrification and intelligent connectivity, according to a senior executive at China…

Material wealth, social unity showcased at Xinjiang gala

Over 10,000 Kazak horses, known as “‘Heavenly Horses”, are released to gallop freely on the Karkant grassland in Xinjiang, as part of a grand celebration to mark the 70th anniversary of the establishment of the Xinjiang Uygur autonomous region. [Photo provided to chinadaily.com.cn] To mark the 70th anniversary of the establishment of the Xinjiang Uygur…

CNOOC begins operations at Kenli 10-2 oilfield

CNOOC Limited announced on Tuesday that Kenli 10-2 Oilfields Development Project (Phase I) has commenced production, marking the production launch of the largest shallow lithological oilfield offshore China. The project is located in southern Bohai Sea, with an average water depth of about 20 meters. The main production facilities include a new central platform and 2 wellhead platforms,…

Expo highlights smart auto ecosystem

Visitors view the structural shell of an electric vehicle at the third China International Supply Chain Expo in Beijing on Saturday. JU HUANZONG/XINHUA BEIJING — Every few dozen seconds, a gleaming electric vehicle glides off an automated assembly line in China, where nimble robotic arms perform with ballet-like precision and AI systems orchestrate production with…

Beijing’s digital economy and its core industries see surge in new firms in H1

A Booster T1 humanoid robot plays football in Beijing Economic-Technological Development Area in Beijing, capital of China, on June 17, 2025. [Photo/Xinhua] BEIJING — In the first half of 2025, 10,900 new entities were established in the digital economy and its core industries in Beijing, marking a year-on-year surge of 53.92 percent, with the digital…

One-stop gold trading service to bolster HK, Macao financial markets

The Hong Kong Gold Exchange signs a Memorandum of Understanding with Ant Bank (Macau) Limited on July 18 to collaborate on building a one-stop gold trading service system, bolstering connectivity between the financial markets of Hong Kong and Macao. [Photo provided to chinadaily.com.cn] The Hong Kong Gold Exchange has signed a Memorandum of Understanding with…

Nation seen as ‘cornerstone’ market for Lubrizol

US-based specialty chemicals company Lubrizol Corp sees massive opportunities in China, positioning the world’s second-largest economy as a “cornerstone” of its global innovation strategy and a critical pillar for its worldwide supply chain stability, said a top executive. China stands as one of the world’s largest markets and a powerful innovation engine, driving technological transformation…

Dalian to expand foreign trade as it eyes 1 trillion-yuan milestone

Guests shake hands with each other during 2024 Summer Davos in Dalian, Liaoning province, on Aug 22. YAO JIANFENG/XINHUA Dalian is looking to expand its foreign trade with a focus on neighboring international markets as it sprints toward becoming a city with a trillion-yuan ($139.7 billion) annual gross domestic product. The coastal port city, in…