Beijing, China — China and the European Union (EU) have reaffirmed their commitment to resolving trade differences through dialogue regarding the EU’s anti-subsidy case involving Chinese electric vehicles. This was announced by China’s Ministry of Commerce following a video conference between Chinese Commerce Minister Wang Wentao and Valdis Dombrovskis, the European Commission’s executive vice-president for […]
The 2024 World Internet Conference (WIC) Wuzhen Summit will take place from November 19 to 22 in Wuzhen, Zhejiang province, China. The theme for this year’s summit is “Embracing a People-Centered and AI-for-Good Digital Future – Building a Community with a Shared Future in Cyberspace.” It will focus on the development of artificial intelligence (AI) […]
Mastercard has launched over 50 bankcard programs in China through its joint venture, becoming the second foreign player in the domestic bankcard clearing sector. This move highlights the ongoing financial opening of the country, according to a company executive. Dennis Chang, Mastercard’s executive vice-president, stated that the company aims to broaden the availability of its […]
Australia’s recent decision to end anti-dumping and countervailing duties on Chinese stainless steel sinks is set to enhance economic and trade cooperation between the two nations, according to the Ministry of Commerce. He Yadong, a spokesperson for the ministry, emphasized that China and Australia are significant trading partners. He noted that both countries have agreed […]
Beijing, Oct. 17, 2024 — China’s top industry regulator announced on Thursday plans to enhance the regulatory framework for high-level autonomous driving and establish related data security standards, reflecting the rapid growth of the self-driving sector both domestically and internationally. Jin Zhuanglong, Minister of Industry and Information Technology, highlighted the urgency of developing comprehensive standards […]
Shanghai, Oct. 16, 2024 — The 2024 China Toy Expo is underway in Shanghai, highlighting the immense business opportunities within China’s thriving toy industry. The event, taking place from October 16 to 18 at the Shanghai New International Expo Centre, features over 2,500 toy companies from both domestic and international markets. Visitors can explore 17 […]
In mid-February, OpenAI launched its innovative text-to-video generation tool, Sora, intensifying the global race in artificial intelligence. This development raises questions about how quickly China can develop a similar tool and whether AI could emerge as a critical new productive force in the country. Sora is designed to generate intricate scenes with remarkable accuracy, including […]
Islamabad, Oct. 16, 2024 — Chinese Premier Li Qiang emphasized the need for deepening and expanding cooperation among member states of the Shanghai Cooperation Organization (SCO) during the 23rd Meeting of the Council of Heads of Government held in Islamabad. He highlighted the SCO as a crucial platform for maintaining regional peace and stability while […]
Shanghai, Oct 17, 2024 — Financial conglomerate CITIC Group has unveiled a new initiative aimed at enhancing green cooperation and promoting sustainable development, in collaboration with 13 international business partners. This announcement was made during the 2024 ESG Global Leaders Conference, taking place from October 16 to 18 in Shanghai, where CITIC Group played a […]
Beijing, China – October 16, 2024 – To effectively address the challenges facing China’s struggling real estate market, economists and policy advisers are calling for significant central government funding and innovative strategies, including the establishment of a special institution to acquire idle housing inventory. Gong Liutang, a professor at Peking University’s Guanghua School of Management, […]
