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Fresh measures to fuel new energy vehicle sector

Employees work at an auto production facility in Jinhua, Zhejiang province, in April 2024. [HU XIAOFEI/FOR CHINA DAILY] China is set to roll out a series of targeted measures to fuel growth in its new energy vehicle sector, as part of broader efforts to stabilize key industries and drive economic growth, said the country’s top…

Lhasa import fair attracts more foreign merchants

A stall selling bronze wares from Pakistan at the imported goods fair inside the Gakyiling Plaza Shopping Mall in Lhasa, Xizang autonomous region on Thursday. PALDEN NYIMA/CHINA DAILY An imported products fair kicked off on Thursday in Lhasa, the capital of the Xizang autonomous region, featuring non-staple Russian food, medicine from Thailand, Nepalese handicrafts, bronze…

China issues 4.72t yuan in new local govt bonds in 2024

A clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s local governments issued new bonds worth 4.72 trillion yuan ($658.25 billion) in 2024, data from the Ministry of Finance showed Friday. Of the total, special bond issuance came in at 4.02 trillion yuan, while the issuance of general bonds…

More internet users turn to online learning in 2024

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Wahaha pays out 2.4 billion yuan to frontline workers

[Photo/VCG] In 2024, beverage producer Wahaha Group paid 2.4 billion yuan in salaries to its frontline workers, a 20 percent year-on-year increase, according to a report by The Paper on Thursday. This represents an additional 400 million yuan compared to the previous year. The average salary for production workers rose by 23 percent, while frontline…

Moments from the 2025 WEF annual meeting in Davos

People attend the World Economic Forum (WEF) annual meeting in Davos, Switzerland, on Jan 23, 2025. [Photo/Xinhua] Scientific and technological innovation and artificial intelligence have become new growth points in the world economy. To that effect, promoting intelligence-related industries is one of the focal points of discussions at the 2025 World Economic Forum Annual Meeting.…

Collaboration crucial in intelligent age, says Seres executive

The booth of AITO, which is owned by Seres, attracts visitors at the Beijing auto show in April 2024. [Photo by Li Fusheng/chinadaily.com.cn] Collaboration is essential for innovation in fast-moving tech sectors like electric vehicles, as boundaries between sectors are becoming more fluid, said Kang Bo, vice-president of Chinese NEV maker Seres. “By sharing resources…

Unmanned driving reshapes China’s high-altitude mining industry

The world’s first unmanned transportation system in an open-pit mine with an altitude above 5,000 meters. [Photo/CCTV] XINING — At the Yulong Copper Mine in Qamdo, Southwest China’s Xizang autonomous region, perched 5,000 meters above sea level on the rugged Qinghai-Xizang Plateau, ore transport trucks glide over gravel roads, winding through snow-dusted mountains and the…

Standard Chartered a super-connector

The booth of Standard Chartered during an expo in Shanghai. [HU XUEBAI/FOR CHINA DAILY] Positioning itself as a super connector between China and the world’s most dynamic markets, UK-based banking group Standard Chartered is committed to supporting China’s high-quality development by introducing multinational corporations to the country and assisting Chinese enterprises in exploring overseas business…