A view of Beijing’s CBD area. [Photo/VCG] BEIJING – China boasts a total of 369 unicorn companies, or startups valued at more than $1 billion, according to a report released on Sunday at the 2024 Zhongguancun Forum in Beijing. The number of unicorn companies in China amounts to over a quarter of the total number … Continue reading China home to 369 unicorn enterprises: report
Tag: economy
China’s NEVs powering up to lead global sustainability charge
CATL’s new battery that offers a 1,000-km range and supports ultra-fast charging, displays at the 2024 Beijing International Automotive Exhibition in Beijing, on April 27. [Photo/VCG] BEIJING – The 2024 Beijing International Automotive Exhibition, an A-list event continuing through May 4, is showcasing an unprecedented number of new energy vehicles (NEVs), with 278 distinct NEV models on display, … Continue reading China’s NEVs powering up to lead global sustainability charge
Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization
Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. [Photo/VCG] BEIJING – At the end of March, Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV), the SU7, igniting a spark of excitement. At the launch event, Xiaomi’s founder and CEO Lei … Continue reading Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization
Technology innovation key to steady economic growth
Engineers operate the tunnel boring machine to begin construction of the Suzhou East Tunnel in Suzhou, Jiangsu province. LIU FUCHANG/FOR CHINA DAILY After China’s GDP grew 5.2 percent last year and 5.3 percent year-on-year in the first quarter, it is expected to continue to expand at a relatively high rate over the long run. Endowed … Continue reading Technology innovation key to steady economic growth
Firms have high hopes for low-altitude biz
Growers get training to use unmanned aerial vehicles to protect crops in Mengcheng county, Anhui province, in March. HU WEIGUO/FOR CHINA DAILY China’s low-altitude economy, which is regarded as a strategic emerging industry, is poised to see speedy growth in the coming years, fueled mainly by investments in related infrastructure construction, policy support from authorities and … Continue reading Firms have high hopes for low-altitude biz
Chinese-brand passenger vehicle sales surge in Q1
Robot arms make automobiles in a factory in Qingdao, East China’s Shandong province on Dec 20, 2022. [Photo/Xinhua] BEIJING — Sales of Chinese-brand passenger vehicles soared 26.4 percent year-on-year in the first quarter of 2024, industry data showed. About 3.39 million such vehicles were sold during this period, according to the China Association of Automobile … Continue reading Chinese-brand passenger vehicle sales surge in Q1
Exploring value of data to boost sustainable development
China is exploring the value of data as a factor of production to boost sustainable development. [Photo/VCG] BEIJING – China is exploring the value of data as a factor of production to boost sustainable development, at a time when the emerging digital economy is creating new growth momentum through forging new production supply and consumer … Continue reading Exploring value of data to boost sustainable development
China’s auto sales up 10.6% in Q1
SAIC’s Roewe brand showcases its models at the 2023 Shanghai auto show. [Photo provided to CHINA DAILY] BEIJING – China’s auto sales rose 10.6 percent year-on-year to 6.72 million units in the first quarter of this year, data from the China Association of Automobile Manufacturers showed Wednesday. In March alone, auto sales exceeded 2.69 million … Continue reading China’s auto sales up 10.6% in Q1
China generates over 32 zettabytes of data in 2023
[Photo/VCG] BEIJING — It is estimated that China created more than 32 zettabytes of data in 2023, according to a survey on data resources conducted by the National Data Administration (NDA). During a conference held from Monday to Tuesday, Liu Liehong, head of the NDA, announced that 31 provincial-level regions and the Xinjiang Production and … Continue reading China generates over 32 zettabytes of data in 2023
Shanghai company completes world’s first delivery of ‘air taxi’
Prosperity also known as an “air taxi”, is developed by AutoFlight , a leading eVTOL developer based in Shanghai. [Photo provided to chinadaily.com.cn] AutoFlight, a leading electric vertical takeoff and landing (eVTOL) technology company, recently delivered the first Prosperity eVTOL aircraft to a pioneering operator in Japan for Advanced Air Mobility, which marks the first … Continue reading Shanghai company completes world’s first delivery of ‘air taxi’