Business--China Economic Net

The purchasing managers' index (PMI) of China's manufacturing sector registered a one-year high in March, signaling the resilience and upward momentum of the world's second-largest economy despite global headwinds.

China's tech giant Huawei reports rise in sales revenue in 20242025-04-01
Chinese tech giant Huawei generated 862.1 billion yuan (about 120.1 billion U.S. dollars) in sales revenue in 2024, up from 704.2 billion yuan the previous year, according to its 2024 annual report released on Monday.

China's manufacturing sector picks up pace in March2025-03-31
China's manufacturing sector continued to expand this month as business production accelerated amid sustained economic recovery, official data showed Monday.

China discovers major oilfield in South China Sea2025-03-31
The China National Offshore Oil Corporation (CNOOC) announced on Monday that it has discovered a major oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes.

Foreign auto brands seize growth opportunities in China2025-03-31
An increasing number of foreign-funded enterprises are seizing development opportunities in China's new energy vehicle (NEV) sector by boosting investment, expanding their market presence, and advancing projects, research and cooperation.

AI ignites new momentum in China's sci-fi industry2025-03-31
Taking an intelligent low-altitude aircraft home or walking effortlessly with ultra-thin exoskeleton suit, these futuristic scenarios came to life in an AI-generated short film at the opening ceremony of the China Science Fiction Convention 2025 in Beijing.

Artificial intelligence fuels China's high-quality growth2025-03-31
The rapid development of artificial intelligence (AI) technology, an innovation pillar empowering China's smart manufacturing, green transition and even breakthroughs in space sciences, is proving to be a key driver of the nation's high-quality growth, noted international industry experts at a key forum.

Foreign business leaders reaffirm China as oasis of certainty2025-03-31
In a world haunted by growing protectionism, China has continuously expanded opening up, injecting stability into the global economy, and has become an oasis of certainty and a hot spot for investment and entrepreneurship.

China to issue 500-billion-yuan special treasury bonds to support state-owned banks2025-03-31
China will issue 500 billion yuan (about 69.7 billion U.S. dollars) of special treasury bonds to support large state-owned commercial banks in replenishing their core tier-one capital, the Ministry of Finance said Monday.

China to push for digital transformation of light industry2025-03-28
China has issued a light industry digital transformation implementation plan, the Ministry of Industry and Information Technology said on Thursday.

Apple boosts China presence, partners on green initiatives, AI2025-03-27
U.S. tech giant Apple on Wednesday announced it is accelerating its support for the next generation of developers in China with a new 30 million yuan (about 4.18 million U.S. dollars) donation to Zhejiang University.

BMW, Alibaba team up to integrate AI into next-generation vehicles2025-03-27
German carmaker BMW and Chinese e-commerce giant Alibaba have announced an expanded strategic partnership in China to bring large-language-model (LLM) artificial intelligence (AI) to BMW's next-generation vehicles.

RCEP emerges as anchor for free trade amid rising protectionism2025-03-27
The Regional Comprehensive Economic Partnership (RCEP) has emerged as an important anchor for global free trade, injecting momentum into the world economy amid rising protectionism and geopolitical uncertainties, according to sources from the Boao Forum for Asia (BFA) conference.

BOC's after-tax profits rise 2.58 percent in 20242025-03-27
Bank of China (BOC), one of the country's biggest lenders, said Wednesday its after-tax profits rose 2.58 percent year on year to 252.7 billion yuan (about 35.22 billion U.S. dollars) in 2024.

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Plans unveiled at China's top AI conference to propel embodied AI

In an effort to turbocharge the burgeoning sector of embodied artificial intelligence (AI), a series of research reports and plans were unveiled at the Second China Embodied AI Conference (CEAI 2025) in Beijing.