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Shanghai to improve biz environment

An aerial drone photo shows visitors enjoying the cityscape at The Stage, a new observation deck atop White Magnolia Plaza in Shanghai, East China, April 14, 2025. [Photo/Xinhua] Further institutional innovation and deepened opening-up are crucial to strengthen Shanghai’s competitiveness as an international financial center, said experts. Their comments were made following the new action…

Global industrial policy shift poses risks, experts say

The world has entered a new and perilous era of industrial policy, where traditional goals of economic growth are being challenged and often displaced by urgent agendas of national security, supply chain resilience and climate change, a panel of leading economists and former policymakers warned on June 5. At a forum hosted by the Peterson…

Breakthrough 3D printer catches eye at Shanghai Expo

At the 22nd China International Foundry Expo in Shanghai, the 3DPTEK-J4000, a 4-meter sand 3D printer developed by Beijing 3D Printing Technology Co Ltd, or 3DPTEK, drew widespread attention for pushing the boundaries of industrial manufacturing. The J4000 solves a long-standing challenge in producing giant castings such as ship engines and turbine housings. Traditionally, these…

Huawei plans mass hiring of uni graduates

Huawei Technologies Co said it plans to hire more than 10,000 university graduates in 2025, a double-digit increase compared to 2024, with over 60 types of positions, including artificial intelligence engineers, software development engineers, hardware engineers and AI algorithm engineers. Huawei said it is doubling down on efforts to nurture and recruit high-end talents in…

BOC, PICC unveil measures backing Shanghai’s global shipping ambitions

Bank of China and the insurer PICC Group jointly released on Thursday the action plan to support Shanghai’s efforts to develop itself into an international shipping center. The action plan has introduced 10 detailed measures covering the three major areas of shipping security, the facilitation of shipping services and green transition. It is aimed to…

China-South Asia Expo opens with focus on trade, emerging industries

KUNMING — The 9th China-South Asia Expo opened on Thursday in Kunming, capital of Southwest China’s Yunnan province, drawing representatives from 73 countries, regions and international organizations, as well as more than 2,500 enterprises. The six-day event has brought together all South and Southeast Asian nations, featuring 16 exhibition halls, nearly 70 percent of which…

China to further streamline rare earth export applications

China will further streamline the approval process for compliant rare earth export applications, said the Ministry of Commerce on Thursday. [Photo/Xinhua] China will further streamline the approval process for compliant rare earth export applications, said the Ministry of Commerce on Thursday. At a weekly news conference in Beijing, He Yadong, a spokesman of the ministry said…

Tech innovation key as foreign investors bet on China

An AI robot on display attracts visitors during the recent 2024 World Intelligence Expo in Tianjin. TONG YU/CHINA NEWS SERVICE BEIJING — China’s surging technology innovation is rewriting the playbook for foreign investors, with the country’s booming tech sector having reshaped expectations regarding its long-term growth potential. The latest example came as Goldman Sachs unveiled…

Riding AI uptrend, humanoid robotics taking a leap in Beijing

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 is fast emerging as a global hub for humanoid robotics, driven by tech breakthroughs, surging industry growth and upcoming world-class events that highlight China’s push in artificial intelligence and smart manufacturing. In…

China EximBank backs foreign trade in Shanghai with 10b yuan bond

The Export-Import Bank of China released on Thursday a 10-bllion-yuan ($1.4 billion) bond to stabilize foreign trade. With one-year maturity, the bond will be used to support Shanghai-based foreign trade companies from the industries of shipping, high-tech, energy supply, and those from the key sectors along the industrial and supply chains. The product has already…