China has set a goal of raising total retail sales of consumer goods to around 60 trillion yuan (roughly 8.8 trillion U.S. dollars) by 2030 and further strengthening consumption's role in driving economic growth, according to a government plan on expanding consumption during the 15th Five-Year Plan

Multiple foreign enterprises, including those from the US and the EU, are increasingly turning to Chinese artificial intelligence (AI)-powered large-language models (LLMs), with the share of tokens used by US firms on Chinese AI models reportedly hitting as high as 46 percent in the first half of

Mitsubishi UFJ Financial Group Inc. (MUFG) on Monday became Japan's most valuable publicly traded company, marking the first time in about 39 years that a financial institution has claimed the top spot.

A Chinese company will debut its groundbreaking Quester1 shape-shifting personal robot - "transformer-like" - at the 2026 World Artificial Intelligence Conference (WAIC), which opens in Shanghai on Friday, the Global Times learned.Analysts said that the innovative move will open new industry paths

Volkswagen CEO Oliver Blume said the carmaker could need to cut around 50,000 more jobs worldwide under a theoretical scenario in which labour costs remain unchanged, as Europe's largest automaker seeks to narrow its cost gap with rivals, according to German newspaper Handelsblatt on Monday.

The first smart satellite communication payload, made by Chinese private space firm GalaxySpace's Payload Center based in Hefei, East China's Anhui Province, rolled off its production line recently.It marks the launch of the firm's intelligent production line for satellite communication payloads,