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LDC banks on new unit in Qingdao for growth in China

Visitors gather at LDC’s booth during the seventh China International Import Expo in Shanghai in November. CHINA DAILY Louis Dreyfus Company, a multinational trader and processor of agricultural commodities, begins construction of a new food technology park in Qingdao, Shandong province on Thursday, and plans to further deepen its downstream presence in China, its senior…

AACCI president sees Linyi as strategic hub for logistics, trade

Ivan Kaukov, president of the Australian Asian Chamber of Commerce and Industry, praised Linyi’s well-developed logistics network during the fourth RCEP (Shandong) Import Expo, which is being held in Linyi, Shandong province, from June 27 to 29. He highlighted Linyi as a strategic base for distributing goods nationwide and expressed interest in bringing more Australian…

Google unveils open-source Gemini CLI

SAN FRANCISCO – Google announced on Wednesday the launch of Gemini CLI, an agentic artificial intelligence (AI) tool designed to run locally from terminals. The new tool connects Google’s Gemini AI models to local codebases, and it allows developers to make natural language requests, the company said. Google offers AI coding tools such as Gemini…

Pivot to new growth drivers key

Greater efforts are needed to bolster the transformation and upgrading of traditional industries, especially manufacturing, and develop strategic emerging sectors to build up new growth drivers amid rising trade protectionism, said entrepreneurs and experts at the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin. Li Dongsheng, founder and…

EssilorLuxottica sees ‘unparalleled potential’ in optical lenses sector

EssilorLuxottica, a global provider of eye care and eyewear, is doubling down on its long-term commitment to China, where it sees vast potential for growth across age groups — from managing childhood myopia to meeting increasingly sophisticated consumer demands in premium eyewear. “We have always had confidence in the China market and will continue to…

NEV buying season to charge up rural sales

China’s rollout of a nationwide “new energy vehicle consumption season” across counties and townships will accelerate green mobility adoption, boost domestic consumption and advance rural development, analysts said on Wednesday. Scheduled from July to December this year, the campaign aims to mobilize the efforts of local governments, industry associations and businesses, said an online notice…

Colombian diplomat: China a trusted trade partner

China is Colombia’s second most important trade partner, and the Chinese market presents numerous opportunities for Colombian products, said Oscar Felipe Rueda Plata, commercial counselor, Colombian Embassy in China, to China Daily Website during an interview at the World Economic Forum’s 16th Annual Meeting of the New Champions 2025, commonly known as the Summer Davos…

China opposes any tariff deal made at its expense: commerce ministry

BEIJING — China firmly opposes any country making trade deals with the United States at the expense of Chinese interests in exchange for so-called “tariff relief,” a spokesperson for the Ministry of Commerce said on Saturday. “If such a situation arises, China will not accept it and will take resolute countermeasures to safeguard its legitimate…

Second phase of China’s largest offshore gas field goes operational

BEIJING — China National Offshore Oil Corporation (CNOOC) announced Wednesday the full operation of the second phase of its flagship gas field in the South China Sea, marking the completion of the country’s largest offshore natural gas development to date. The progress brings the gas field, named Shenhai Yihao or Deep Sea No. 1, to…

China escalated fiscal policy, counter-cyclical steps to boost recovery and stabilize growth

An international automobile exhibition enables visitors to purchase brand models of mainstream automobiles and take advantage of a national subsidy policy in Beijing on June 12. GUO JUNFENG/FOR CHINA DAILY China stepped up its proactive fiscal policy and counter-cyclical measures last year to support economic recovery and stabilize growth, according to a report submitted to…