A hub for emerging industries in Guangzhou, capital of Guangdong province, has set its sights on a futuristic new industry－the metaverse.This immersive version of the internet, accessed via virtual-reality headsets, augmented reality glasses or other devices, is considered by some to represent the internet brought to life.For Nansha district in Guangzhou, a center for high-end manufacturing, aerospace and marine technologies, health industries and integrated circuits, the metaverse represents not just a fascinating concept but a whole new lucrative realm of business.'With the building of a perfect digital ecology, Nansha has laid a solid foundation for the development of the metaverse industry in the near future,' said Liu Quanbao, an official with the Guangzhou Science and Technology Bureau.The district has an artificial intelligence industrial park set up in the Qingsheng area that has attracted more than 300 AI enterprises, local government officials said.Three Nansha-based ...
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Tencent unveiled on Friday its latest Vehicle-Cloud Integration strategy to improve mobility experience.The suite of new services announced by Tencent Intelligent Mobility included Tencent Intelligent Automobile Cloud, a one-stop cloud solution tailored for the intelligent auto industry, and Tencent Integrated Automobile Safety Solution, which covers all aspects of cloud management.'Tencent perseveres not to be an automaker, but to support automakers to manufacture quality vehicles, and boost marketing and enterprise management efficiency and improve mobility experience,' said Dowson Tong, senior executive vice-president and CEO of the cloud and smart industry group, during a virtual conference.For vehicles, Tencent has launched products and capabilities such as intelligent cockpit TAI, intelligent driving map, high-definition map, intelligent scene engine and in-vehicle mini programs to make vehicles more intelligent.Tencent also promised to leverage its social media tools WeC...
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The website of the People's Bank of China reported on June 27th that recently, Yi Gang, governor of the People's Bank of China, accepted an exclusive interview with a reporter from China International Television (CGTN) on issues such as financial support for green transformation, green information disclosure, international cooperation in green finance, and monetary policy. In an exclusive interview, Yi Gang made it clear that monetary policy will continue to exert its total strength to support economic recovery, and at the same time, structural monetary policy tools such as supporting small and medium-sized enterprises and green transformation should be used well. On monetary policy:Continue to exert strength from the total amountRegarding the orientation of the current monetary policy and the role it will play in supporting the national economic recovery, Yi Gang said that since the beginning of this year, due to the epidemic and external shocks, China's economy is fa...
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BEIJING, June 28 (Xinhua) -- Chinese Premier Li Keqiang has called for stronger efforts to accelerate economic recovery to shore up market entities, ensure employment stability and safeguard people's livelihoods.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour to two state organs on Monday.While paying a visit to a technical guidance center for employment training of the Ministry of Human Resources and Social Security, Li urged efforts to further catalyze entrepreneurship and innovation and provide equal support for market entities of all types, including those in the private sector and self-employed individuals.Vocational training must adapt to market demand, Li said, underscoring the importance of maximizing the country's advantages in human resources.After hearing a report on the country's current employment situation, Li said that stable employment is a vital...
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BEIJING, June 27 (Xinhua) -- Profits of China's major industrial companies saw a narrower decline in May as factories have restarted production lines amid improving business activities, official data showed Monday.Major industrial firms, each with business revenue of at least 20 million yuan (about 2.99 million U.S. dollars), saw their profits decline 6.5 percent from a year earlier last month, narrowing from 8.5-percent contraction in April, data from the National Bureau of Statistics (NBS) showed.Zhu Hong, a senior statistician with the NBS, attributed the slower contraction to effective epidemic control, recovering business activities and progress achieved in smoothing logistics in the country.In May, revenues of these major firms went up 6.8 percent year on year, a faster growth pace compared with April, laying a solid foundation for profit improvements.During the January-May period, these industrial firms raked in around 3.44 trillion yuan in total profits, up 1 percent year o...
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BEIJING, June 25 (Xinhua) -- China has seen rapid development of renewable energy in 2021, laying a solid foundation for the country's pursuit of its carbon peaking and carbon neutrality goals, according to a report.Last year, the country's renewable energy utilization amounts to the equivalent of saving 750 million tonnes of standard coal, helping reduce carbon dioxide emissions by about 1.95 billion tonnes, the report released by the China Renewable Energy Engineering Institute showed.China's installed capacity of renewable energy reached one billion kilowatts in 2021, accounting for 44.8 percent of the country's total installed power capacity, the report said.In terms of power generation, the country's renewable energy generated 2.48 trillion kilowatt-hours (kWh) of electricity in 2021, accounting for 29.7 percent of the total power generation, it said.By the end of May this year, the country's installed capacity of renewable energy hit a new record high by e...
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On June 23rd, the statistics released by the national government and social capital cooperation (PPP) comprehensive information platform showed that in May, there were 38 new PPP projects in the management library, with an investment of 57.7 billion yuan, with a year-on-year decrease of 42.4%; 58 construction projects were started, with an investment of 124.7 billion yuan, with a year-on-year increase of 559.3%.From this year's situation, there are 216 new warehousing projects with an investment of 385.7 billion yuan, with a year-on-year decrease of 15.5%. 355 construction projects were started with an investment of 768.7 billion yuan, with an increase of 213.3% over the same period of last year.'As an important way of cooperation between the government and the market in the supply-side structural reform, PPP plays an important role in promoting infrastructure, especially people's livelihood infrastructure. Judging from this year's situation, indicators such as new ware...
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On the same day, the reporter learned from Offshore Oil Engineering Co., Ltd. that the first intelligent manufacturing base of offshore oil and gas production equipment in China-Tianjin Intelligent Manufacturing Base of Offshore Oil Engineering was officially put into operation, which marked a major breakthrough in the intelligent transformation of China's offshore oil and gas equipment industry.The base has a total area of about 575,000 square meters, and its core facilities include three intelligent production centers, seven auxiliary workshops and eight general assembly stations. The designed annual production capacity is 84,000 structural tons, and it has a total length of 1,631 meters, which is suitable for large offshore engineering ships and FPSO to dock. More than 400 sets of advanced intelligent production equipment, such as automatic cutting, automatic grinding, intelligent assembly, intelligent welding, intelligent storage, etc., have been applied to realize the intellig...
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According to the data from the State-owned Assets Supervision and Administration Commission of the State Council, in recent years, more than 700 subsidiaries of nearly 70 central enterprises have increased their layout in the field of new infrastructure, with an investment of over 400 billion yuan in 2021 and more than 1,300 planned investment projects during the 14th Five-Year Plan period, with a total investment of over 10 trillion yuan.Since the 18th National Congress of the Communist Party of China, China's state-owned enterprises have continuously promoted the transformation of traditional industries and the development of emerging industries, and continuously expanded the space for high-quality development.It is understood that in addition to the layout of new infrastructure areas, central enterprises have continuously increased their investment in forward-looking strategic industries. In the past five years, the average annual growth rate of investment in strategic emerging ...
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![The State Council deployed a series of measures to promote automobile consumption]( "The State Council deployed a series of measures to promote automobile consumption")
Xinhua News Agency, Beijing, June 22 (Reporter Wang Yuxiao) Activate the used car market, support the consumption of new energy vehicles, and improve the parallel import policy of automobiles ... The State Council executive meeting held on the 22nd focused on promoting automobile consumption, and deployed a series of policy measures from various aspects. The implementation of the policy predicted that the automobile and related consumption would increase by about 200 billion yuan this year.The meeting pointed out that the second-hand car market should be enlivened and the automobile consumption should be promoted. For small non-operating used cars, the restrictions on the movement of cars that meet the national five emission standards will be completely cancelled from August 1st. From October 1st, when automobile sales enterprises apply for transfer registration, they will implement separate endorsement management and issue temporary number plates.The meeting made it clear to support t...
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