Earlier this year, Xin Minghua, a devoted fan of the “Ne Zha” animated films, journeyed all the way from East China’s Shanghai to the country’s southwestern Sichuan province, just to visit Nezha Palace, a site dedicated to the legendary mythological figure. “We heard there was a Nezha Palace here and thought it was interesting, so we came to see it for ourselves,” Xin said. Visitor numbers at the Cuiping Hill scenic area in Yibin, where the palace was built in 1991, have surged since these movies became major hits, with…
Posts published in “Business”
When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest of the world would be given a 90-day reprieve on additional duties beyond the new 10% tariffs on all U.S. trade partners, China would feel the squeeze even more. On April 9, 2025, Trump raised the tariff on Chinese goods to 125% – bringing the total U.S. tariff on some Chinese imports to 145%. The move, in Trump’s telling, was prompted by Beijing’s…
Shanghai ranked first nationwide in overall science and technology innovation performance, according to the China Regional Science and Technology Innovation Evaluation Report 2025. The top ranking reflects the steady strengthening of Shanghai’s innovation ecosystem in recent years, underpinned by sustained increases in funding. From 2022 to 2025, the city’s fiscal spending on science and technology grew at an average annual rate of more than 20 percent, while investment in basic research increased by 85 percent. During the 14th Five-Year Plan period (2021-25), R&D expenditure as a share of GDP rose to around 4.5…
The ongoing Dutch restrictions against Chinese-owned chipmaker Nexperia risk causing “multi-layered and irreversible” real-world damage to the stability of semiconductor supply chains in Europe and globally, deputy chief of a chip industry association has warned in an exclusive interview with the Global Times. The comments from Wei Shaojun, vice chairman of the China Semiconductor Industry Association (CSIA), came in response to the Netherlands placing Nexperia under special administrative measures over so-called security concerns. The Dutch Ministry of Economic Affairs revealed on October 12, 2025 that it had invoked the 1952…
Chinese A-share tech stocks extended last week’s rally on Monday, with more than half of the sector rising in early trading and seven stocks posting gains of more than 5 percent. On Sunday, Bloomberg described China’s market performance by “another key element of investing in Asia tech.” Earnings growth for a gauge of China’s tech megacaps is poised for a major inflection point in 2026 when it’s expected to overtake Magnificent 7 for the first time since 2022, Bloomberg reported on Sunday. As enthusiasm for the nation’s tech sector picked…
BEIJING — The scale of China’s core artificial intelligence (AI) industry is expected to exceed 1.2 trillion yuan (about $170 billion) in 2025, according to a research institute under the Ministry of Industry and Information Technology. The China Academy of Information and Communications Technology (CAICT) noted at an industry forum held recently in Beijing that AI technology has reached a pivotal turning point, accelerating its shift from technical innovation to generating real-world productive forces. The institute highlighted significant upgrades in large AI models this year, with their language and multi-modal…