A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Renminbi-denominated financial assets are likely to see more foreign capital inflows in the months ahead as the United States enters an interest rate cut cycle, giving Chinese policymakers more room to maneuver toward steady economic growth, … Continue reading China eyes steady growth amid Fed rate cut
Tag: thursday
China pioneers world’s first breakthrough in data transmission amid ChatGPT boom
[Photo/VCG] China has made major breakthroughs in a computing power technology that can reduce data transmission costs by 50 percent, which was the first of its kind worldwide, amid the scarcest AI computing boom to support ChatGPT-like applications, a top expert said on Thursday. The technology, dubbed optoelectronic integrated wide-area deterministic network technology, is a … Continue reading China pioneers world’s first breakthrough in data transmission amid ChatGPT boom
Sinopec signs deal with Petronas to explore energy value chain
A Sinopec logo is seen in Changzhou, Jiangsu province on Jan 24, 2023. [Photo/VCG] China Petroleum and Chemical Corporation, or Sinopec, said on Thursday it has partnered with Petronas, the Malaysian state-owned energy group, to explore opportunities to drive growth and innovation across the energy value chain. The memorandum of understanding signed between the two … Continue reading Sinopec signs deal with Petronas to explore energy value chain
New Tesla energy storage plant breaks ground in development
Tesla’s energy storage plant in eastern Shanghai’s Lin-gang Special Area broke ground on Thursday. [Photo provided to chinadaily.com.cn] Tesla’s energy storage plant in eastern Shanghai’s Lin-gang Special Area broke ground on Thursday, marking a major progress forward of this facility – the US electric carmaker’s first of such facility outside its home country. Covering some … Continue reading New Tesla energy storage plant breaks ground in development
Siemens Healthineers commit to increase localization in China
The booth of Siemens Healthineers during the 2024 China Medical Equipment Fair, which opened in Shanghai on Thursday. [Photo provided to chinadaily.com.cn] Germany-based Siemens Healthineers pledged to deepen localization in China with an increasing number of localized products and the continuous localization of its supply chain as they have noticed the capability of independent innovation … Continue reading Siemens Healthineers commit to increase localization in China
China Eastern Airlines to launch direct flight between Shanghai and Saudi Arabia’s capital
A plane of China Eastern Airlines takes off from the Shanghai Pudong International Airport in Shanghai, Dec 9, 2023. [Photo/Xinhua] China Eastern Airlines will launch direct flights between Shanghai and Saudi Arabia’s capital Riyadh on April 27, an important extension of the flight network in the Middle East by the Shanghai-based carrier, according to official … Continue reading China Eastern Airlines to launch direct flight between Shanghai and Saudi Arabia’s capital