China releases first large-scale seismic data processing model with 100 million parameters

The world's first large-scale seismic data processing model with 100 million parameters called "DiTing" has been officially released, a significant advancement for China in key technologies in seismology, according to the Chengdu science and technology bureau in Southwest China's Sichuan Province on Monday. The model was developed by the National Supercomputing Center in Chengdu in […]

China’s June industrial profits see accelerated growth, lifted by equipment manufacturing

China's industrial profits in June saw a sustained recovery with accelerated growth as the implementation of various macro policies took effect, the National Bureau of Statistics announced on Saturday. Data from the NBS revealed that industrial enterprises with annual revenue of at least 20 million yuan ($2.8 million) saw their total profits increased 3.6 percent […]

Oriental Selection stock dips 8% as top livestreaming influencer Dong Yuhui quits

Star livestreamer Dong Yuhui has decided to resign from his position as a senior partner at East Buy, also known as Oriental Selection, a subsidiary of Chinese private tutoring giant New Oriental, the company said in a filing to the Hong Kong Stock Exchange on Thursday. New Oriental Education & Technology Group shares slid 8 […]

China, Russia economic cooperation to deepen, unaffected by external factors

Further progress in practical cooperation between China and Russia is expected as a result of frequent and continuous high-level official exchanges and intensified cooperation among localities, Chinese analysts said on Sunday. Chinese Vice Premier Ding Xuexiang is set to co-chair the 11th meeting of the China-Russia Investment Cooperation Committee and the 21st meeting of the […]

German financial giant Allianz expands in China amid high-level opening-up

German financial services group Allianz's wholly owned public fund manager in China is actively expanding its businesses in the Chinese mainland, as official information showed that the company has filed applications for two public fund products with China's top securities regulator. Analysts said foreign financial institutions' expanding presence in China reflects their recognition of the […]

Enthusiasm for China travel flies high

As a Hainan Airlines passenger aircraft taxied to the terminal after landing at Benito Juarez International Airport in Mexico City after its inaugural flight from Beijing on July 13, it was welcomed by a ceremonial water salute. This new route, from Beijing to Mexico City via the north Mexico tourist destination of Tijuana, is the second direct flight between the […]

State Grid Xuchang Power Supply Company actively serves the development of key projects in electricity consumption

On July 18, Zhang Baozhou, director of the Gaoqiaoying Power Supply Office of Xuchang Power Supply Company of State Grid, and Wan Mingming, account manager, visited the project construction site of the link storage integrated circuit packaging production test base located in the high-tech industrial park of Weidu District, Xuchang City. The purpose of the […]

Guangdong Province experiments with sending university admission letters by drones

The first group of college admission letters was sent by drones in South China's Guangdong Province on Monday. Four freshmen enrolled by South China University of Technology obtained their admission papers, local media reported. The drone carrying the four admission letters took off from the university at 11 am on Monday and arrived at a […]

144-hour visa-free transit policy triggers 'China Travel' boom

"The 144-hour visa-free transit policy is incredibly convenient. I really want to come to China again!" A South Korean visitor told the Global Times after his recent visit to China. With China's more friendly visa policy for foreign visitors put in place, a surge of "China Travel" excitement has been ignited, leading to a growing […]