Day: July 3, 2025

China has vowed to reduce excessive competition and oversupply in its solar photovoltaic (PV) industry, which is continuing to explore global markets. Advertisement Industry and Information Technology Minister Li Lecheng told 14 representatives from solar PV manufacturers and industry associations on Thursday that the “industry must be governed in accordance with laws and regulations, and disorderly low-price competition should be comprehensively addressed”, the ministry said in a statement released after their meeting in Beijing. “Companies should be guided to improve product quality, promote the orderly phase-out of outdated production capacity,…

Chinese scientists have, for the first time, cultivated a beating heart structure with human cells in a pig embryo, reporting that the heart continued to beat for 21 days unaided. Advertisement The study, led by Lai Liangxue’s team from the Guangzhou Institutes of Biomedicine and Health under the Chinese Academy of Sciences, was announced at the International Society for Stem Cell Research’s annual meeting in Hong Kong on June 12. Previously, the team had cultivated human kidneys in pigs for up to 28 days. According to a report in Nature…

As China’s university admissions season kicks off, some newly established, tycoon-funded universities are attracting national attention as they enrol their first undergraduate students. Advertisement Fuyao University of Science and Technology (FYUST) founded in Fuzhou, Fujian province, by glass tycoon Cao Dewang, and Eastern Institute of Technology (EIT), founded in Ningbo, Zhejiang province, by semiconductor magnate Yu Renrong, will welcome their first undergraduates this summer. They are part of a new form of philanthropic endeavour among Chinese entrepreneurs that is focused on promoting China’s national strategy of “scientific self-reliance” through education.…

Meta Platforms’ announcement that several prominent Chinese names working in artificial intelligence (AI) would be joining the company has triggered an outpouring of admiration back home, as CEO Mark Zuckerberg races to fill his new Meta Superintelligence Labs (MSL) with top industry talent. Advertisement Zuckerberg announced the formation of MSL in a memo on Monday, tasking it with developing Meta’s next-generation models, and emphasised the company’s vision of delivering “personal superintelligence” accessible to everyone. Seven of the 11 publicly listed hires at the lab – not including former Scale AI…

Rio de Janeiro is rolling out one of its largest peacetime security operations in recent memory as leaders and senior officials from the Global South’s major emerging economies convene in the coastal city for this week’s Brics summit. Advertisement Officials say about 20,000 military personnel will be deployed to guard leaders from 28 countries and seven international organizations, including the UN and the World Bank. Airspace over the summit venue, Rio’s Museum of Modern Art, will be strictly controlled. Armed fighter jets will patrol the skies to intercept unauthorised aircraft.…

China should issue 30 trillion yuan (US$4.2 trillion) in treasury bonds to swap local governments’ hidden liabilities to re-energise growth momentum and cut off financial risks at their root, a Beijing-based think tank has proposed. Advertisement Such a move, combined with a few trillion yuan worth of additional bonds to shore up the property market, boost consumption and remove excessive industrial capacity, would be a strong step toward resolving China’s local-level debt and real estate crises once and for all, according to a report released by Tsinghua University’s Academic Centre…

Chinese Foreign Minister Wang Yi told the European Union’s top diplomat on Wednesday that Beijing cannot afford a Russian loss in Ukraine because it fears the United States would then shift its whole focus to Beijing, according to several people familiar with the exchange. Advertisement The comment, to the EU’s Kaja Kallas, would confirm what many in Brussels believe to be Beijing’s position but jar with China’s public utterances. The foreign minstry regularly says China is “not a party” to the war. Some EU officials involved were surprised by the…