Articles
China’s Biopharma Industry Set to Become World’s Third-Largest Innovative Drug Market by 2028
China’s biopharma sector is on track to become the world’s third-largest market for innovative drugs by 2028, according to McKinsey & Company’s upcoming Asia Biopharma Report. The projection highlights the country’s transition from being a generics-heavy pharmaceutical market to an emerging global powerhouse in drug innovation. In 2023, China’s pharmaceutical market reached $125 billion, with the innovative drug segment expanding at an average annual growth rate of 16%. While multinational pharmaceutical companies controlled around 75% of the innovative drug market last year, McKinsey forecasts their share will fall to 60% by 2028 as domestic firms gain ground. This shift is ...
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Alibaba Reportedly Developing New AI Chip as Xi Rejects “Cold War Mentality”
Alibaba is reportedly developing a new artificial intelligence (AI) chip, marking a significant step in China’s effort to reduce its reliance on U.S. semiconductor technology amid growing geopolitical tensions. The move comes just months after Washington banned Nvidia from selling its most advanced Blackwell processors to China, citing national security concerns. A Strategic Push into AI Hardware The reports suggest that Alibaba’s forthcoming chip will not be sold directly to customers but will instead power the company’s cloud computing services. Clients will be able to rent computing capacity partially supported by the new hardware. This mirrors a strategy increasingly favored ...
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China Breaks Ground on First Photonic Quantum Computer Factory in Shenzhen
China has launched construction on its first factory dedicated to producing photonic quantum computers, marking a significant step in scaling up one of the most promising frontiers of advanced computing. The facility, located in Shenzhen’s Nanshan District, will be operated by Beijing-based QBoson, a leading Chinese quantum computing company. According to the district’s science and technology innovation bureau, once completed, the factory will have the capacity to manufacture dozens of photonic quantum computers annually, establishing mass production capabilities for machines that could redefine computing power. “Quantum computing carries a massive information capacity and ultra-strong parallel processing power, allowing an exponential ...
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China’s Central New Energy Partners with EGN on Oman Solar Expansion
China’s Central New Energy Holding Group has signed a memorandum of understanding (MoU) with EGN, a data centre operator, to jointly advance solar power projects in Oman and explore the possibility of establishing local photovoltaic (PV) module manufacturing. Under the agreement, EGN will take the lead in developing an integrated “generation-grid-load-storage” project that places green energy at the centre of operations. This initiative will also incorporate data centres, including infrastructure designed to support artificial intelligence (AI). Central New Energy, meanwhile, will contribute investment, construction, and operation of PV plants, alongside providing integrated energy management services. The two companies highlighted that ...
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Alibaba Showcases Strong AI Momentum Amid China’s Tech Push
Alibaba is set to highlight its artificial intelligence strategy in its upcoming quarterly results, underscoring China’s determination to lead in the next wave of technological innovation. Alongside Tencent and Baidu, the company has invested heavily in developing large language models, embedding them into flagship products, and driving the nation’s AI capabilities forward. Over the past year, Alibaba has emerged as one of the most active players in China’s AI ecosystem, introducing model upgrades and innovations at an impressive pace. Its cloud division, which powers many of these AI applications, is estimated to have generated 31.4 billion yuan ($4.4 billion) in ...
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China’s Intelligent Computing Power to Surge 40% in 2025, Driven by AI Expansion
China is entering a new era of digital acceleration, with its intelligent computing power projected to grow by more than 40% in 2025, according to forecasts released at the 2025 China Computing Power Conference. Industry experts say the surge underscores the nation’s determination to build a world-class AI ecosystem and cement its position in the global technology race. AI as the Growth Engine The rapid expansion of artificial intelligence has become the single largest driver of demand for computing power in China. Zhang Xiaorong, director of the Beijing-based Cutting-Edge Technology Research Institute, emphasized that computing power is no longer an ...
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China’s E-Commerce Sector Maintains Strong Growth Momentum in 2025
China’s e-commerce market continued its steady expansion in the first seven months of 2025, driven by rising digital consumption and deepening integration between industries and online platforms. According to the Ministry of Commerce, online retail sales climbed 9.2% year-on-year from January to July, underscoring the sector’s resilience amid a shifting global economy. Digital gadgets proved to be one of the strongest growth engines. Personal computer sales surged 29.9% year-on-year, while smart wearables rose 28.4%, reflecting a growing appetite for upgraded devices and trade-in programs. These trends highlight how Chinese consumers are prioritizing digital lifestyle upgrades and keeping pace with rapid ...
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China’s Commercial Space Sector Soars to New Heights
China’s commercial space industry has transformed into one of the country’s most dynamic high-tech sectors, marking a decade of rapid growth, innovation, and investment. With strong political backing, ambitious entrepreneurs, and record levels of venture capital, the sector is fast becoming a cornerstone of China’s technological future. A Decade of Policy-Driven Growth Since the release of Document 60 in 2014, which opened the door to private investment, China has witnessed an unprecedented boom in commercial space activity. The policy unleashed a wave of entrepreneurial energy, complementing the efforts of established state-owned giants while fostering innovation from the bottom up. Today, ...
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Beijing Hosts World’s First Humanoid Robot Games
Beijing has just staged a global first: the World Humanoid Robot Games, a groundbreaking competition where more than 500 humanoid robots showcased both their clumsy tumbles and flashes of athletic promise. Held at the National Speed Skating Oval, originally built for the 2022 Winter Olympics, the event attracted 280 robotics teams from 16 countries, turning the venue into an arena where androids sprinted, stumbled, and sparred. The competitions covered a wide range of challenges. Robots raced in track and field events, shot hoops in basketball, and even performed martial arts demonstrations like kung fu. Beyond sports, they also competed in ...
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BYD Unveils China’s First NEV-Dedicated All-Terrain Circuit in Zhengzhou
BYD, China’s largest new energy vehicle (NEV) manufacturer, has officially opened the country’s first all-terrain circuit designed exclusively for NEVs in Zhengzhou. The facility, which will be followed by new tracks in Hefei and Shaoxing, represents a major step in cultivating a homegrown NEV racing culture while showcasing BYD’s advanced technologies. A Playground for NEVs Unlike conventional race tracks with limited driving scenarios, the Zhengzhou All-Terrain Circuit brings together eight distinctive experience zones. These include an indoor sand dune, low-friction ring, kick-plate, wading pool, dynamic paddock, race track, off-road park, and even a camping area. The result is a one-stop ...
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