China's AI Industry Ranks Second in Large Language Models
China is now home to over one-third of the world's AI large language models, ranking second globally after the United States. A whitepaper from the China Academy of Information and Communications Technology highlights the rapid development and influence of China's AI industry, which is empowering smart transformation across various sectors.
BYD's Atto 3 Tops Car Sales in Israel
The electric car model Atto 3 by China's BYD Auto topped car sales in Israel in the first half of 2024, with 7,265 units sold. Chinese brands dominated Israel's electric car market, representing 68.31% of sales, led by BYD, MG Motor, Tesla, and Geely Auto Group.
Robust Performance in Logistics Sector
China's logistics sector maintained strong performance in June, with a logistics market index of 51.6%. The sector's resilience is attributed to the deepened integration of the supply chain, increased new orders, and high business expectations, laying a solid foundation for future growth.
Surge in Inbound Passengers at Shanghai Airports
Shanghai's Pudong and Hongqiao international airports saw a 173% increase in inbound passengers in the first half of 2024, handling over 8.06 million arrivals. China has extended visa-free policies to New Zealand, Australia, and Poland to boost inbound tourism further.
Green Offshore Oilfield Cluster in Beibu Gulf
China National Offshore Oil Corporation began operations at the Beibu Gulf offshore oilfield cluster, the country's first comprehensive green-designed offshore oilfield. The project aims to achieve a peak production of 18,100 barrels of oil equivalent per day by 2026, focusing on low-carbon transformation and efficient resource utilization.