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China’s central SOEs invest over 280b yuan in Xinjiang in 2024

The green power facilities in the Xinjiang Uygur autonomous region. [Photo provided to chinadaily.com.cn] BEIJING – China’s centrally-administered State-owned enterprises (SOEs) have intensified their investment efforts in Northwest China’s Xinjiang Uygur autonomous region to bolster regional development. According to a conference hosted by the Xinjiang regional government on Wednesday in Beijing, more than 40 central…

DeepSeek’s success an opportunity for global AI cooperation

The DeepSeek logo is seen in this illustration taken Jan 27, 2025. [Photo/Agencies] Technology has been my beat for more than a decade now — part of my job as a business journalist is to keep a close eye on the latest trends and developments in China’s ever-changing high-tech sector. Chinese artificial intelligence startup DeepSeek…

China shares looking spry on tech boom

This file photo shows the Shenzhen Stock Exchange in Shenzhen, South China’s Guangdong province. [Photo/Xinhua] While China is undergoing economic restructuring featured by the rapid development of new quality productive forces, the capital market will also be buoyed by emerging industries and technologies, said experts. While the US stock market tumbled for two consecutive days…

Chinese EV makers drive electrifying trend in Australia

Chinese players in the electric vehicle field and related businesses are gearing up for a positive impact in the growing Australian market and beyond, with their presence keenly felt most recently in both the public and private sectors at a major industry event. At the Everything Electric show in Sydney, Chinese EV manufacturers took center…

EU exported €77.8 billion worth of iron and steel in 2024

In 2024, the EU exported iron and steel and related articles worth €77.8 billion and imported €73.1 billion, resulting in a trade surplus of €4.7 billion. Compared with 2019, there was a substantial increase in the trade of these products: exports rose by 15.2% (+€10.3 billion), and imports increased by 23.7% (+€14.0 billion). These monetary increases…

One-third of online shoppers faced issues in 2023

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MOC meets Walmart after retailer asks suppliers to cut prices

China’s Ministry of Commerce and other relevant authorities held talks with Walmart Inc on Tuesday to discuss the US retailer’s recent request for price reductions from Chinese suppliers. Walmart has recently asked some Chinese suppliers for price cuts of up to 10 percent per round of additional tariffs the US government imposes on Chinese goods.…

ZTE, Huawei participate in Peru 5G rollout

Peru is tapping potential of Chinese companies to continue building out the country’s 5G infrastructure. In the latest move, Peruvian operator Bitel partnered with Chinese tech giant ZTE in a $150 million investment to deploy 1,000 5G antennas across the country. As part of the deal, ZTE — which is headquartered in Shenzhen in the…

Boosting spending appetites tops agenda

Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China has largely scaled up its fiscal firepower toward consumption-boosting initiatives — a top priority on the country’s policy agenda for the year ahead — in order to offset sluggish homebuying appetites and possible shocks to overseas…

Driverless tech needs more local govt say

Autonomous driving buses are seen on a street in Yangquan, North China’s Shanxi province, Feb 27, 2025. [Photo/Xinhua] China should grant more autonomy to local governments to expand autonomous driving and streamline regulatory approvals to accelerate commercialization, said a national political adviser on the sidelines of the two sessions, which ended on Tuesday. The comments…