Technology

China sees prospering development of marine economy

Published

2 years ago

October 18, 2024

BEIJING, Oct. 18, 2024 /PRNewswire/ — A report from People’s Daily: Marine-related industries are creating abundant new opportunities for China’s economy. In 2023, the GDP of China’s marine economy exceeded 9.9 trillion yuan ($1.4 trillion), accounting for 7.9 percent of the country’s GDP and contributing to a 0.4 percent growth in the country’s national economy.

In June 2023, wind turbine blades that measured 123 meters long, equivalent to the height of a building over 40 stories tall, were shipped to the waters off Pingtan, southeast China’s Fujian province, and would be installed on a 16 MW wind turbine unit.

This remarkable 16 MW unit can produce over 66 million kilowatt-hours of “green electricity” annually. “It has set a world record for the highest daily electricity generation of 387,200 kilowatt-hours, equivalent to the daily electricity consumption of over 100,000 people,” said Zhang Zhe, general manager of the Fujian branch of energy firm Goldwind.

To achieve the domestic independent research, design, and manufacturing of the 16 MW offshore wind turbine, Goldwind, in collaboration with Chinese power company China Three Gorges Corporation, formed over 30 research teams, bringing together nearly a thousand researchers. Over a period of 18 months, they overcame multiple challenges such as lightweight, ultra-long flexible blade design, domestic design of main bearings and transformers, and single-blade hoisting design.

Backed by strong technological innovation, China’s marine power generation industry has constantly expanded, with demonstration projects of marine renewable energy steadily progressing and the added value of the industry maintaining high-speed growth for consecutive years. As of the end of 2023, the total installed capacity of offshore wind power in China had reached 37.28 million kilowatts.

The ocean not only produces green electricity, but also serves as a “blue granary” enriching the Chinese people’s diet.

In a breeding and selection base of Hainan Chenhai Aquatic Co., Ltd. in Yazhou Bay Science and Technology City, Sanya, south China’s Hainan province, a wide variety of marine fish species are bred.

“For many years, we have been rooted in the scientific research and application of marine fish breeding, establishing a germplasm resource bank and gene bank for tropical marine fish. We are working to make aquaculture sources independent and controllable, allowing people to enjoy high-quality and affordable marine fish,” said Cai Chunyou, chairman of the company.

So far, the company has artificially bred 52 species of tropical marine fish, with a parent stock inventory of over 100,000 fish, and the longest breeding period exceeding 20 years.

The company has established an ecological industrial chain that integrates variety breeding, selection, promotion, fish trade and relevant study tours. It is also encouraging tens of thousands of aquaculturists to embrace common development via cooperative projects.

In recent years, China has been continuously strengthening the research and application of marine aquaculture breeding technology, innovating aquaculture techniques, and accelerating the construction of marine ranches.

By vigorously developing deep-sea aquaculture equipment and smart fishery, China is driving the marine fishery industry towards informatization, intelligence, and modernization, promoting its high-quality development. As a result, an increasing amount of green, healthy, and high-quality food from the ocean is making its way onto the dining tables of the Chinese people.

As a populous country, China faces severe water scarcity, with per capita water resources amounting to only a quarter of the world average. Developing the seawater desalination industry to increase the available water resources has become an important approach to addressing the issue of water scarcity in coastal regions.

Walking into a facility of Xianda (Tianjin) Seawater Resources Development Co., Ltd. located in the Nangang Industrial Zone of north China’s Tianjin municipality, one can see rows of neatly arranged membrane seawater desalination equipment.

Thirteen kilometers away, seawater near the coast is being drawn and transported to this desalination equipment, undergoing several intricate desalination processes. Eventually, the seawater is transformed into clean fresh water and supplied to industrial enterprises in the Nangang Industrial Zone.

After years of development, China has initially built a seawater desalination industrial chain covering research and development, equipment manufacturing, engineering contracting, water production operation, comprehensive utilization, and other aspects.

Back in 2012, China could desalinate 770,000 tons of seawater per day, and the number has grown to 2.52 million tons per day by 2023. This sector ensures the development of coastal industries such as petrochemicals, power and steel, and also offers irreplaceable domestic water for residents on remote islands.

View original content:https://www.prnewswire.com/apac/news-releases/china-sees-prospering-development-of-marine-economy-302280260.html

SOURCE People’s Daily

Technology

Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

Published

2 hours ago

July 25, 2026

SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

View original content:https://www.prnewswire.com/news-releases/tripcom-group-sincerely-accepts-administrative-penalty-decision-issued-by-the-state-administration-for-market-regulation-of-the-peoples-republic-of-china-302834599.html

SOURCE Trip.com Group Limited

Technology

NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

Published

4 hours ago

July 25, 2026

SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.”

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html

SOURCE NAVER

Technology

Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future

Published

4 hours ago

July 25, 2026

BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.

They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.

In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).

Tyler James Smith

“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.

I also think there are many stories like these that haven’t been widely told, simply because World War II is such a complex period in history. That’s why I think it’s so meaningful to visit museums like this and experience these stories firsthand.”

At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.

Valerie Marie

“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”

During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.

Bai Yiwen

“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”

After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.

https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g

https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr

https://www.tiktok.com/@cachinachic/video/7665536913532587294?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995

https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm

Contact: Jiaweibellapeng@163.com

View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html

SOURCE Beijing Review