China imposes export controls on 28 US entities

China has added 28 entities from the United States, including Boeing Defense, Space & Security and Lockheed Martin Corp, to its export control list, the Ministry of Commerce announced on Thursday.

Taking effect immediately, this move aims to safeguard national security and interests while fulfilling nonproliferation and other international obligations, the ministry said in an online notice. 

Read more: China imposes export controls on 28 US entities

Baidu launches advanced AI model

Chinese tech heavyweight Baidu Inc has unveiled the latest version of its large language model, Ernie 4.0 Turbo, which will be available to the public via web interfaces and mobile apps.

The newly launched model offers faster responses and superior performance, elevating the capabilities of its previous version Ernie 4.0, according to the company. Developers can integrate the technology through Baidu's Qianfan LLM platform.

Read more: Baidu launches advanced AI model

China T-bond move seen safeguarding financial stability

The People's Bank of China, the country's central bank, may soon sell borrowed long-term Chinese government bonds, a move that would help safeguard financial stability and add a new tool of liquidity management, market experts said.

The PBOC said in an announcement on Monday that it would borrow treasury bonds in the near term from primary dealers — mainly commercial banks — to maintain the sound operation of the bond market, based on prudent assessment of the market situation.

Read more: China T-bond move seen safeguarding financial stability

Great Wall Moter officially unveils GWM POER 2.4T diesel

Great Wall Moter officially unveils GWM POER 2.4T diesel on Beijing Auto Show 2024.

It's powered by 2.4T diesel engine, Max 135kW. It's also equipped with 7-inch color LCD dashboard + 12.3-inch smart touch screen, built-in a new generation of intelligent vehicle networking system, L2+ level global intelligent driving assistance, AI intelligent voice, vehicle remote control, FOTA wireless upgrade, online map and smart parking.

Read more: Great Wall Moter officially unveils GWM POER 2.4T diesel

Dongfeng Auto's Forthing Xinghai S7 debuts on Beijing Auto Show 2024

Dongfeng Auto unveils its Forthing Xinghai S7 on Beijing Auto Show 2024. Forthing Xinghai S7 is built on Dongfeng's S2-E platform. As a electric car, it can run 500km at full charge.

Read more: Dongfeng Auto's Forthing Xinghai S7 debuts on Beijing Auto Show 2024

Chery Exeed MPV EV Debuts on Beijing Auto Show 2024

The first green energy MPV of Chery Exeed is officially released on Beijing auto show 2024. It was designed by Exeed Europe and Shanghai teams with Fusion Luxury concept, opened the new chapter of Exeed's Wind of Art 2.0.

Read more: Chery Exeed MPV EV Debuts on Beijing Auto Show 2024

Chinese high-tech manufactures to explorer the international market

Roborock at CES 2024

In 2014, a group of experts in smart manufacturing, each of them boasting around 15 years of work experience, gathered in a three-bedroom apartment in Beijing and decided to start up with Beijing Roborock Technology Co Ltd. What was extraordinary was their clear and simple ambition: to develop the world's best robotic vacuum cleaner.

Ten years on, their dream has come true. Roborock is a leading player in its sector and, in terms of global sales in 2023, the top-selling brand among smart vacuum cleaners worldwide, according to Euromonitor International, a market research firm.

Read more: Chinese high-tech manufactures to explorer the international market

China's heavy vehicle maker ramps up production to meet overseas demand

Heavy vehicle manufacturers in Qingdao, Shandong province, are accelerating scientific and technological innovation, enhancing the competitiveness of independent brands and expanding the overseas markets.

Read more: China's heavy vehicle maker ramps up production to meet overseas demand

Shanghai ports see rising vehicle exports in Q1

Shanghai ports exported 529,000 vehicles in the first quarter of 2024, up 30.7 percent from the same period last year, Shanghai customs said Thursday.

During the period, the customs in the city's Waigaoqiao port area handled more than 280,000 exported vehicles, an over 20 percent year-on-year increase.

Read more: Shanghai ports see rising vehicle exports in Q1

Volkswagen speeds up investment in electric vehicles in China

Volkswagen's new electric SUV (ID.UNYX) will debut in Beijing Auto Show 2024.

In the face of China's rapid growth of electric mobility, Volkswagen Group is revving up its investment in the electrification shift in a bid to expand its presence in the Chinese market.

Read more: Volkswagen speeds up investment in electric vehicles in China

China urges universities to add majors that meet social needs

China's Ministry of Education has issued a circular urging universities across the country to plan ahead to add majors that meet social needs, in a bid to further improve the undergraduate program setup.

Read more: China urges universities to add majors that meet social needs

GOKKO brings Smartphone Short Dramas to Japan by partnering with a Chinese company

Leading Short Drama provider - Reelshort

In Japan, vertical short dramas for smartphone viewing will be launched. Japanese startup GOKKO is partnering with a Chinese company to launch nearly 60 episodes of short dramas this month. According to reports, the size of China's short drama market is nearly 1 trillion yen (100 million Japan Yen is about 4.68 Chinese Yuan), and short dramas are also increasingly popular in the United States. Short dramas with only 90 seconds per episode have the potential to be promoted in Japan, especially among young people who efficiently utilize their time.

Read more: GOKKO brings Smartphone Short Dramas to Japan by partnering with a Chinese company