Visitors attend a drone expo in Shenzhen, South China’s Guangdong province, May 23, 2025. [Photo/Xinhua] SHENZHEN — China’s drone industry is soaring into a new era of cognitive capability, with artificial intelligence (AI) transforming unmanned systems from remote-controlled tools into autonomous problem-solvers. At the ninth Drone World Congress that closed on Sunday in the southern…
BEIJING — China’s local governments issued new bonds worth about 1.49 trillion yuan ($207.63 billion) in the first four months of 2025, data from the Ministry of Finance showed Wednesday. Of the total, special-purpose bond issuance came in at over 1.19 trillion yuan, while general-purpose bond issuance amounted to 302.3 billion yuan. By the end…
Norbert Kray, chairman of DNV China, talks of DNV’s development in China during a media interview on May 29. [Photo by Gu Yingjie/chinadaily.com.cn] Top executives from European multinationals highlighted their commitment to aligning with China’s development priorities by capitalizing on Shanghai’s strengths in talent and innovation during recent interviews. These companies restated their dedication to…
Hong Kong’s introduction of the world’s first dedicated legislation on fiat-referenced stablecoins — a type of cryptocurrency — marks a significant milestone in the city’s push to solidify its status as a global financial hub that pioneers in virtual asset regulation, financial experts said. The move also reflects China’s broader strategic ambition to strengthen its…
He Xiaopeng, chairman and CEO of Xpeng, showcases the MONA M03 Max car model. [Photo provided to chinadaily.com.cn] Chinese new energy vehicle company Xpeng Motors debuted its highly anticipated MONA M03 Max model, bringing premium artificial-intelligence-powered driving to the affordable electric vehicle market. A game-changer in the industry, the MONA M03 Max integrates Xpeng’s Turing AI-assisted…
An exterior view of a Huawei store in Shanghai on May 14, 2025. [Photo/VCG] Huawei Technologies Co has built a robust ecosystem around its Ascend chips for AI computing and its server chips Kunpeng, despite the US government’s restrictions. Zhou Jun, head of ICT marketing department at Huawei, said in a recent speech in Beijing…
The China Association of Automobile Manufacturers (CAAM) issued an initiative on Saturday, urging industry players to avoid chaotic price wars and uphold fair competition. The statement highlighted that declining profitability in the industry has been exacerbated by “cutthroat competition,” particularly through disorderly price-cutting moves, which have significantly eroded corporate earnings. It specifically warned against the…
This photo shows a charging station powered by the solar array at an industrial park in Liyang, a county-level city under Changzhou in East China’s Jiangsu province, April 17, 2025. [Photo/Xinhua] China’s refined oil demand is expected to decline at a faster pace in 2025 as the country’s energy transition accelerates, said industry experts. While…
Export-bound vehicles awaiting shipment in Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY BEIJING — China’s Ministry of Industry and Information Technology (MIIT) said Saturday it will intensify efforts to tackle “involution-style” competition in the country’s auto industry, vowing to strengthen oversight and safeguard a fair and orderly market environment. The announcement came after the…
Participants attend the 9th Drone World Congress 2025 in Shenzhen, Guangdong province, which draws 131,463 professional visitors, with an intended transaction volume of some 20 billion yuan ($2.81 billion). [Photo provided to chinadaily.com.cn] A Chinese business executive has affirmed that the constant international recognition of China’s low-altitude technological strength not only reveals the market demand…