An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese tech giant Baidu Inc ranked first in terms of artificial intelligence patent applications and authorizations across the nation, as the company remains steadfast in technological innovation to nurture new quality productive forces. Baidu has filed 19,308 AI-related patent … Continue reading Baidu ranks first in nation in AI patent applications
Tag: 2023
Chinese yuan fourth biggest payment currency
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] The Chinese yuan has ranked as the world’s fourth biggest payment currency for the fifth month in a row as of March, accounting for 4.69 percent of global payments by value, according to global financial messaging platform Swift. The proportion was up … Continue reading Chinese yuan fourth biggest payment currency
Financial de-risking remains key focus in future
MA XUEJING/CHINA DAILY China’s financial risks have been converging of late, but de-risking in the future will fundamentally depend on the stabilization and recovery of the economy. As the economy further improves, there will be greater room for resolving financial risks in key areas, and such risks are expected to remain within control this year. … Continue reading Financial de-risking remains key focus in future
Huasheng lands coating machine export order
The nation’s first coating equipment export order from Europe, valued at more than 6 million yuan ($830,000), was unveiled on Tuesday in Shanghai, which displayed Chinese manufacturers’ rising competitiveness in a sector once dominated by foreign companies, said industry experts. The industrial machine tool, a G4 super-HiPIMS coating machine, is the first such apparatus of … Continue reading Huasheng lands coating machine export order
Chinese carmakers hog the stage at Bangkok Motor Show
Crowds throng the floor of the 45th Bangkok International Motor Show in Thailand on March 25. [Photo/Agencies] Chinese automakers have taken the spotlight at the Bangkok International Motor Show with the unveiling of a series of new energy models that aim to capture more market share as Thailand accelerates its electrification efforts. The show, one … Continue reading Chinese carmakers hog the stage at Bangkok Motor Show
Govt policies to aid banking sector, BOC says
A view of the booth of Bank of China during an expo in Fuzhou, Fujian province. CHEN BIN/FOR CHINA DAILY The central government’s supportive policies are expected to gradually improve business sentiment, boosting domestic demand and laying a solid foundation for the steady development of the banking industry, Bank of China said. The bank’s operating income … Continue reading Govt policies to aid banking sector, BOC says
GAC Group announces share repurchase plan
Workers assemble GAC Aion new energy vehicles at a plant in Guangzhou, Guangdong province, in July. [Photo/Xinhua] GAC Group, one of the major automobile manufacturers based in Guangzhou, Guangdong province, announced for the first time its intention to repurchase A-shares and H-shares worth 500 million yuan ($69.15 million) to 1 billion yuan, according to the … Continue reading GAC Group announces share repurchase plan
Intimate wear business sees rising net profit
A man works in a supply chain factory of Cosmo Lady, one of the largest intimate wear enterprises in China. [Photo provided to chinadaily.com.cn] The expansion of physical stores and the increased number of membership customers have helped boost net profits for Cosmo Lady, one of China’s largest intimate wear enterprises, in 2023, according to … Continue reading Intimate wear business sees rising net profit
Sino Biopharm shows stable growth in 2023
Sino Biopharmaceutical Limited. [Photo/Sino Biopharm website] Sino Biopharmaceutical Limited, or Sino Biopharm, a leading innovative research and development-driven pharmaceutical conglomerate in China, announced on Thursday in its annual result report that revenues from innovative drugs reached 9.89 billion yuan ($1.37 billion) in the 2023 fiscal year, up 13.3 percent year-on-year. Despite a challenging environment last year, … Continue reading Sino Biopharm shows stable growth in 2023
China may overtake Japan in patent filings at EPO
The skyline of Beijing. [Photo/VCG] China is likely to overtake Japan and become the third-largest patents filer at the European Patent Office this year, according to an analyst. This comes as Chinese companies show continued innovation prowess and embrace the international intellectual property system for IP protection. The EPO’s latest data showed that Chinese companies … Continue reading China may overtake Japan in patent filings at EPO