BEIJING – China has built the world’s largest and fastest-growing renewable energy system, an official with the National Development and Reform Commission said Wednesday. By the end of May, the country’s installed renewable energy capacity reached 2.09 billion kilowatts, more than double the figure at the end of the 13th Five-Year Plan period (2016-2020), Zhou…
China Development Bank has signed a 2.1 billion yuan ($292.5 million) loan agreement with the Development Bank of Southern Africa, the Chinese bank said in a news release on Wednesday. The deal, inked during the BRICS Interbank Cooperation Mechanism annual meeting in Rio de Janeiro, Brazil, on Tuesday, will channel funding toward projects in sectors…
Visitors look at a hybrid transmission system developed by ZF at the Shanghai Auto Show on April 26, 2025. [Photo/VCG] The world’s number-one passenger vehicle chassis provider, ZF, forecasts that by the end of the decade it will have 33 percent global market share of chassis business and its passenger car chassis products will achieve…
Cyclists compete in Stage 5 of the 16th Tour of Hainan cycling race from Dongfang to Sanya, Hainan province, on April 11. [Photo/Xinhua] BEIJING — With policy support, improving environmental awareness and growing health consciousness of the public, a green and healthy lifestyle revolution is gaining momentum in China, driving the growth of eco-friendly and…
A customer shops for eggs at a supermarket in Handan city, North China’s Hebei province, June 9, 2025. [Photo/Xinhua] BEIJING – China’s consumer price index (CPI), a main gauge of inflation, rose 0.1 percent year-on-year in June, reversing a 0.1 percent decline registered in the previous month, as the nation’s measures aimed at expanding domestic…
[Photo/VCG] China is willing to work with the European Union to further expand bilateral market access, strengthen dialogue on government procurement and export controls, and deepen collaboration along industrial and supply chains, the Ministry of Commerce said on Thursday. “We hope the European side will approach bilateral economic and trade relations with a detached perspective,…
BEIJING – China’s energy consumption per unit of GDP decreased by 11.6 percent in the first four years of the 14th Five-Year Plan period (2021-2025), Zheng Shanjie, head of the National Development and Reform Commission, said Wednesday. This reduction is equivalent to cutting 1.1 billion tons of carbon dioxide emissions, nearly 50 percent of the…
Ethiopian Airlines, the largest carrier in Africa, recently launched new cargo flights between Ethiopia’s capital Addis Ababa and Urumqi in the Xinjiang Uygur autonomous region. The route has become the first direct cargo route between Xinjiang and Africa to meet the growing demand of Sino-African trade. The new cargo route, operated twice weekly by Boeing…
Visitors gather at a booth of the Qwen large language model, developed by Alibaba Group, during a high-tech expo in Shanghai. LONG WEI/FOR CHINA DAILY Chinese companies are doubling down on open-source artificial intelligence-powered models as part of a broader push to bring fast-evolving AI technology to more businesses and developers worldwide, and bolster its application…
Zhang Xiaoyan China is well positioned to meet its preset annual growth target this year, supported by pro-growth policies, a resilient domestic market and rapid advances in technological innovation, said a renowned economist. Zhang Xiaoyan, associate dean at Tsinghua University’s PBC School of Finance, expressed confidence in the foundations of the Chinese economy, even as…