China’s EV leader, BYD, is making waves with the launch of its new Qin Plus DM-i Glory Edition, a plug-in hybrid priced significantly lower than popular petrol cars like Volkswagen’s Lavida and Toyota’s Corolla. This strategic move aims to accelerate the transition from fossil fuels to EVs in a slowing economy, particularly attracting young, budget-conscious...
Hold onto your hats, Guangdong residents, because winter is roaring back with a vengeance! From February 22nd to 25th, a powerful cold front is set to descend upon the province, bringing not just a significant drop in temperatures, but also rain, and even a taste of sleet in some areas. Get ready for a taste...
China’s recent Spring Festival holiday witnessed a remarkable resurgence in travel, marking a 280% surge compared to the previous year with 13.52 million inbound and outbound trips. This translates to a daily average of 1.69 million journeys, bringing travel close to 90% of pre-pandemic levels. While the tradition of family reunions remains deeply ingrained, with...
Shenzhen is surging ahead in the race for new listings. As of January 31st, 2024, 58 companies from the city had filed IPO applications, outpacing major competitors like Shanghai and Beijing. This puts Shenzhen in the driver’s seat for 2024, despite a significant drop in applications since stricter regulations were implemented in August 2023. However,...
Scientists may have finally cracked a decades-old challenge in converting harmful carbon dioxide (CO2) into valuable chemicals while tackling climate change. Existing systems struggled to operate for sustained periods, limiting their practicality. Researchers at Huazhong University of Science and Technology (HUST) developed an electrolysis system that converts CO2 into formic acid with over 93% efficiency,...
Chinese scientists have achieved a potentially groundbreaking feat: predicting a patient’s risk of dementia up to 15 years before symptoms appear. This breakthrough involves analyzing blood samples and leveraging the power of artificial intelligence. Using a massive database of over 50,000 people, researchers pinpointed proteins linked to various dementia types. An AI model was trained to...
Beijing welcomed a staggering 17.4 million visitors during the recent eight-day Spring Festival holiday, a 37.4% increase compared to last year, according to the city’s tourism bureau. This influx led to a 40.6% jump in tourism revenue, reaching an impressive 28.65 billion yuan (about $4 billion). Traditional temple fairs were a major draw, attracting over 5.16 million...
China’s intellectual property landscape is booming, with the number of high-value invention patents exceeding 1.66 million by the end of 2023. This represents a 25.7% increase year-on-year, showcasing the country’s growing commitment to innovation. This surge translates to an average of 11.8 high-value invention patents per 10,000 people nationwide, demonstrating the widespread impact of innovation...
China continues to dominate the global market for new energy vehicles (NEVs), accounting for a staggering 63.5% of all sales in 2023. This represents a significant jump from the previous year, with China selling a whopping 8.87 million NEVs – an impressive 37% increase. NEV penetration within China itself is also soaring, reaching nearly 30%...
Zhang Yiming, the billionaire behind TikTok’s parent company ByteDance, has reportedly requested the removal of a stone tablet erected in his honor in his home village. Images of the tablet, dedicated to the 40-year-old entrepreneur, surfaced online during the Lunar New Year holiday, sparking speculation about its removal. Installed in late 2022, it commemorated Zhang’s...