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UN hails China-U.S. trade talks as positive sign for world economy

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UN hails China-U.S. trade talks as positive sign for world economy

2025-05-13 11:40 Last Updated At:15:57

The latest China-U.S. high-level meeting on economic and trade affairs in Geneva sent a positive signal for the global economy, said Stephane Dujarric, spokesman for UN Secretary-General Antonio Guterres on Monday.

"We welcome the direct dialogue on trade that we saw between the People's Republic of China and the United States over the weekend in Switzerland. It's very positive for the world economy. We've always said that we don't need any escalation in the trade war. We need dialogue. I think the secretary of general has been very clear that no one wins at a trade war. And as you know, I think the theme of the idea of decoupling is one that has troubled him and that he is raised on a number of issues. So it's obviously a good a good start," Dujarric said at the UN headquarters in New York.

China and the United States announced Monday a series of tariff modification measures aimed at easing trade tensions between the world's two largest economies.

The decision followed a two-day China-U.S. high-level meeting on economic and trade affairs in Geneva, Switzerland, where both sides recognized the importance of their bilateral economic and trade relationship to both countries and the global economy, a joint statement said, noting that both sides emphasized the need for a sustainable, long-term and mutually beneficial economic and trade relationship.

With a combined economic output accounting for over one-third of the global total and a bilateral trade volume representing about one-fifth of global trade, China-U.S. trade ties play a pivotal role in the world economy.

International institutions such as the IMF and the World Bank have repeatedly warned that protectionism poses a major threat to the global economic recovery. In this context, the recent round of China-U.S. talks has provided a much-needed signal of stability and certainty.

UN hails China-U.S. trade talks as positive sign for world economy

UN hails China-U.S. trade talks as positive sign for world economy

UN hails China-U.S. trade talks as positive sign for world economy

UN hails China-U.S. trade talks as positive sign for world economy

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Shenzhen home to 74,000 robotics firms

2025-06-24 23:23 Last Updated At:23:37

The city of Shenzhen in south China's Guangdong Province is fast becoming the world's most dynamic hub for humanoid robotics.

Home to over 74,000 robotics firms and more than 140,000 AI professionals, Shenzhen is not only powering the city's robotics boom through its thriving innovation ecosystem but also transforming the way robots are developed from sensor-packed feet to ultra-sensitive skin.

One of the front-runners is UBtech, a leading robotics innovator headquartered in the city. Back in 2022, its humanoid robots were only capable of walking, writing calligraphy, and practicing tai chi. Today, they are deployed in dozens of smart factories, including those run by Geely, BYD, and Foxconn, handling repetitive tasks once done by humans.

This year, UBtech plans to roll out 1,000 humanoid robots across factory floors.

"Over the past 15 months, our industrial humanoid robots have progressed through three generations, with each iteration faster than the previous," said Michael Tam, chief brand officer of UBtech.

This rapid development cycle, known locally as "Shenzhen Speed," is driven by deep research and development capacity and an unparalleled supply chain.

In Nanshan District alone, dubbed Shenzhen's "Robot Valley," over 30 robotics companies operate along a 10-kilometer stretch of Liuxian Avenue.

"We can quickly find efficient solutions across the entire supply chain, all within one hour," Tam said.

Hardware innovation plays an equally critical role. At Sycsense Technology, robots are being equipped with precision sensors and LiDAR systems that enable them to handle fragile tasks, like picking strawberries without damage.

"Here, you can finalize a design by morning and get a sample by evening. This is 'Shenzhen Speed,'" said Sycsense CEO Xiong Gengchao.

The speed mentioned by Xiong is underpinned by Shenzhen's dense and mature electronics ecosystem. RoboSense, a major supplier of LiDAR technology, is located just 20 minutes away from hundreds of robotics firms it serves.

"Shenzhen's electronics ecosystem delivers twin advantages: suppliers next door slash production time by 50 percent, while daily collaboration with nearby innovators accelerates our R and D," said Xie Tiandi, marketing director of RoboSense.

The city's concentrated supply chains and R and D power have led to a surge in innovation. In 2024 alone, robotics patent filings and grants rose more than 35 percent from the previous year. The sector reached 201.2 billion yuan (about 28 billion U.S. dollars), up 12.6 percent year on year.

Shenzhen's robotics rise is the result of over a decade of investment from government funding to talent cultivation, all of which aimed at building a globally competitive, full-stack innovation ecosystem.

Today, Shenzhen produces one-third of the world's LiDAR systems. And thanks to the seamless pipeline from lab to factory, the city is sending the country's humanoid robots onto the global stage at a pace no one can match.

Shenzhen home to 74,000 robotics firms

Shenzhen home to 74,000 robotics firms

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