China embarks on an ambitious “data census,” taking stock of its vast and growing digital landscape. This unprecedented project delves into the production, storage, circulation, trade, utilization, and security of information resources across the country. More than just a simple count, this initiative sheds light on China’s evolving digital ecosystem. It aims to paint a … Read more
Soaring high at the Singapore Airshow, China’s domestically developed C919 single-aisle passenger jet secured a significant new order, marking a crucial milestone for the aircraft and China’s aviation ambitions. Tibet Airlines inked a deal for 40 C919s, signaling not just a successful sale, but several key developments: his landmark deal marks the C919’s official entry … Read more
Moonshot AI, a rising star in the Chinese artificial intelligence (AI) scene, has just closed a massive $1 billion funding round. This marks a significant development in the ongoing competition between AI research outfits, particularly in the wake of OpenAI’s impressive advancements. The funding round was led by e-commerce giant Alibaba and venture capital firm … Read more
In the vast expanses of the Gobi Desert, an engineering marvel is transforming China’s energy landscape. A world-leading electricity production and transmission network is taking shape, breathing life into this arid region and offering tangible benefits to the nation. Firstly, clean and affordable energy from this project directly improves the lives of millions. It powers … Read more
Shenzhen welcomed a phenomenal 9.38 million visitors during the recent eight-day Spring Festival holiday, showcasing a remarkable 79% increase compared to the previous year. This influx signifies a significant rebound in travel enthusiasm following the pandemic’s disruptions, revitalizing the city’s transportation network and local economy. Departure figures mirrored the arrival boom, with a 42% year-on-year … Read more
Following the success of Shanghai New York University, the city is taking another leap forward in international education with the launch of two new Sino-foreign joint venture universities. These exciting collaborations aim to cultivate highly skilled and interdisciplinary talent, not only boosting Shanghai’s economy but also strengthening its global standing. The Sino-German University of Science … Read more
In a bid to revitalize the struggling property market and bolster the overall economy, China has implemented its biggest-ever reduction to a key mortgage rate. This move comes amidst a deepening crisis in the sector, marked by declining sales and financing challenges. The five-year Loan Prime Rate (LPR), a benchmark for banks’ set by the … Read more
China’s EV leader, BYD, is making waves with the launch of its new Qin Plus DM-i Glory Edition, a plug-in hybrid priced significantly lower than popular petrol cars like Volkswagen’s Lavida and Toyota’s Corolla. This strategic move aims to accelerate the transition from fossil fuels to EVs in a slowing economy, particularly attracting young, budget-conscious … Read more
China’s recent Spring Festival holiday witnessed a remarkable resurgence in travel, marking a 280% surge compared to the previous year with 13.52 million inbound and outbound trips. This translates to a daily average of 1.69 million journeys, bringing travel close to 90% of pre-pandemic levels. While the tradition of family reunions remains deeply ingrained, with … Read more
Scientists may have finally cracked a decades-old challenge in converting harmful carbon dioxide (CO2) into valuable chemicals while tackling climate change. Existing systems struggled to operate for sustained periods, limiting their practicality. Researchers at Huazhong University of Science and Technology (HUST) developed an electrolysis system that converts CO2 into formic acid with over 93% efficiency, … Read more