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Nation in vanguard of global AI advances

China is at the global forefront of the development and application of fast-evolving artificial intelligence technology, which is vital for bolstering industrial upgrades and will inject new momentum into high-quality economic growth, said experts and entrepreneurs at the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, on Tuesday.…

Summer Davos Forum a platform for dialogue on trade, innovation amid global uncertainties: Turkish expert

Participants attend a forum of the Summer Davos in Tianjin on Wednesday. ZOU HONG/CHINA DAILY ISTANBUL — Amid global economic headwinds and profound technological transformations, the Summer Davos Forum provides a platform for fostering dialogue on trade, innovation, and international cooperation, a Turkish expert has said. The Summer Davos Forum, also known as the Annual…

Norwegian entrepreneur crafts quality and bridges cultures

Tommy Evensen (right) and his business partner Zhao Zhiqiang on a trip in Norway in June 2023. [Photo provided to chinadaily.com.cn] A fateful phone call from a Chinese friend propelled Norwegian entrepreneur Tommy Evensen into a textile venture, kicking off his pursuit of the Chinese dream in Wuxi, East China’s Jiangsu province. Thirteen years ago,…

China’s new consumption patterns drive domestic demand upgrade

TIANJIN – Pet owners are splurging on smart litter boxes, blind boxes are flying off shelves overseas after going viral in China, and new tea drinks are becoming the go-to choice for young people. With continuously optimized retail efficiency and the rising spending power of young consumers, China’s consumption sector has witnessed a notable shift…

Self-driving firms steer toward globe

A WeRide driverless minibus is seen in Barcelona, Spain in March. DAVID ZORRAKINO/EUROPA PRESS/GETTY IMAGES Chinese autonomous driving companies are accelerating steps to expand their presence overseas and increase robotaxi fleets — a move which industry experts said will bolster the large-scale commercial application of self-driving vehicles globally. The enterprises boast relatively abundant experience in…

China willing to share more opportunities

Premier Li Qiang and other guests attend a symposium with representatives of the foreign business community during the World Economic Forum’s Annual Meeting of the New Champions, also known as the Summer Davos, at the National Convention and Exhibition Center in Tianjin on Wednesday. ZOU HONG/CHINA DAILY Premier Li Qiang said on Wednesday that in…

SASS: Globalization enters phase 4.0, shaping sustainable order

The Shanghai Academy of Social Sciences publishes the 2025 edition of the Blue Book of World Cities at a related seminar in Shanghai on Tuesday. [Photo provided chinadaily.com.cn] Globalization has entered into a 4.0 phase, characterized by a more inclusive, balanced and sustainable global order, experts from the Shanghai Academy of Social Sciences said while…

LV unveils world’s first ‘the Louis’ landmark in Shanghai

Louis Vuitton unveiled the world’s first “the Louis”, a three-story cultural landmark in the shape of a magnificent boat spanning 114.5 meters in length and 30 meters in height. It consists of retail, Le Cafe Louis Vuitton and a Louis Vuitton Visionary Journeys exhibition. [Photo by Gao Erqiang/chinadaily.com.cn] Louis Vuitton unveiled the world’s first “the…

CNOOC Limited subsidiary signed EPC on the Zhylyoi Subsoil Area

CNOOC Limited announced on Tuesday that its wholly owned subsidiary, CNOOC Hong Kong Holding Limited, has entered into the Contract for Exploration and Production of Hydrocarbons (EPC) on the Zhylyoi Subsoil Area with the Ministry of Energy of the Republic of Kazakhstan and Joint Stock Company National Company KazMunayGas (KMG). The Zhylyoi Subsoil Area is…