Page 6 - Peng News Today

Officials in Guangdong, Shandong, Anhui and Liaoning convene meetings to find ways to boost investment and overhaul technology.

An Economic Daily commentary on Friday said China’s universities and research institutions need to expedite the issuance of high-value patents, as Beijing seeks to mitigate US tech curbs and drive sustainable economic growth.

The weeklong holiday makes it more difficult to maintain production levels as cities and provinces are being hard-pressed to rev up China’s economic engine, driving up competition for labour resources.

Graduates have borne the brunt of shrinking demand, with a record high 11.79 million college students expected to graduate this year, adding further pressure to an already strained job market.

Xiaolang Zhang will serve 120 days for attempts to expose Apple's trade secrets around "Project Titan."

Li Auto plans to give its 20,000 employees annual bonuses of up to eight months’ pay for exceeding the 300,000-unit sales target last year. The carmaker has set a goal of delivering 800,000 units this year.

China is expected to increase curbs on renewable power plant output due to grid capacity issues. The curtailment rates, known as curbs, are likely to rise this year and slow down Chinas energy transition. The State Grids pledge to keep curtailment rates within 5% by 2020 has been challenging due to surging solar and wind installations. Investment in power generation projects has outpaced growth in power transmission projects. Chinas rapid addition of wind and solar power has put it ahead of its ...

Some of China’s biggest provincial economies are looking to expand and diversify their financial resources this year, largely to fund economy-boosting construction projects, but analysts say this could run counter to Beijing’s de-risking campaign.

The latest partnership between Samsung Electronics and Baidu on the Galaxy S24 series might hardly help the Korean smartphone giant regain its lost market share in China, according to consumers and analysts, Thursday.

Mainland Chinese EV builders’ 2024 has got off to a bumpy start, after car deliveries dropped sharply amid mounting concerns about a slowing economy and job losses.