Attributing China's industrial competitiveness simply to "subsidies" is not only one-sided but completely wrong, as China's industrial competitiveness is the result of multiple factors working together, a spokesperson with China's National Development and Reform Commission (NDRC) said on Thursday

The China Development Bank (CDB) had issued 213.3 billion yuan (about 31.3 billion U.S. dollars) in loans for technological transformation and equipment upgrades by the end of May, the bank said on Thursday.

Multiple foreign financial institutions spoke highly of China's latest financial opening-up measures announced at the 2026 Lujiazui Forum in Shanghai, eyeing continued inflows of foreign capital into Chinese assets driven by favorable policies and their strategic value as the core of Asian

In May 2024, ByteDance's AI assistant Doubao was consuming around 100 billion tokens per day. By March 2026, that figure had surpassed 120 trillion – a roughly 1,000-fold surge in just two years, according to industry data.

China will establish a new liquidity facility for overseas central banks and official institutions, said People's Bank of China Governor Pan Gongsheng, in what analysts describe as a proactive step toward boosting global demand for yuan assets.

The first phase of the Chinese smart system developed by Tianjin Port is expected to be completed in the coming months for delivery to Saudi Arabia's NEOM Port, marking the first export of a Chinese smart-port solution.