A view of a digital factory’s automated workshop at an enterprise in Chongqing. WANG QUANCHAO/XINHUA Southwest China’s Chongqing municipality, with a solid foundation in the automotive industry, will hold the World Intelligent Vehicle Conference 2025 from July 30 to 31, further promoting the upgrading of new energy vehicles in the country. The conference is being organized…
NEW YORK — PepsiCo reported stronger-than-expected earnings and revenue for the second fiscal quarter Thursday, while signaling confidence in its full-year outlook as recent strategic shifts begin to take hold. Despite ongoing challenges in North America, the company expects a gradual recovery in demand, driven by product innovation, pricing strategy and international momentum, according to…
CAI MENG/CHINA DAILY The recent global momentum around stablecoin legislation has underscored the alternative currency’s growing influence in today’s international monetary and financial architecture. At the heart of this discussion lies a fundamental question: What exactly are stablecoins — and how should we understand their impact and relationship with sovereign currencies? For readers unfamiliar with…
Schoolchildren take a tour in Baidu robotaxis in Chongqing on June 1. CHEN SHICHUAN/FOR CHINA DAILY The global robotaxi market is poised for rapid growth as strategic alliances between major technology companies and automakers move forward, propelled by advancements in autonomous driving technology. Uber and Baidu plan to launch robotaxis on the ride-sharing platform in…
The web literature pavilion of the 2025 Beijing International Book Fair held on June 21 at the National Convention Center drew crowds of young Chinese readers to author signings. [Photo by Guo Yanqi/chinadaily.com.cn] BEIJING — The revenue of China’s online literature market totaled 49.55 billion yuan (about $6.9 billion) in 2024, which was a year-on-year…
How should China strengthen the resilience of its economy? In April, the Trump administration announced a surge in global tariffs, triggering strong responses from governments around the world and causing sharp turbulence in financial markets. Within three days of the announcement, global stock markets lost over $9.5 trillion in market capitalization, and volatility intensified significantly…
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In Honghe prefecture of Yunnan province, the Hani rice terraces stretch across the mountains like an epic written on the Earth. Along the ancient Tea… Read More »Tales & Trails: Yunnan’s Honghe
China Unicom’s booth in its partner conference in Shanghai. [Photo provided to chinadaily.com.cn] China Unicom unveiled a big plan to accelerate the company’s intelligent computing infrastructure, including exploring a 100,000-GPU cluster deployment and targeting 45 EFLOPS of computing power, by the end of 2025. EFLOPS is a unit of the speed of computer systems and…
File photo shows a worker counts the US dollars at a bank in Tancheng County of Linyi city, East China’s Shandong province. [Photo/Xinhua] Economists and policy advisers have said that it is a strategic necessity for China to further scale back holdings in United States government debt in order to safeguard national financial stability, amid…