China CITIC Bank recorded a net profit attributable to its shareholders of 70.62 billion yuan ($10.24 billion) in 2025, up 2.98 percent year-on-year. The nationwide joint-stock commercial lender combined efforts to stabilize income and reduce costs to create more room for profit growth last year, Fang Heying, chairman of China CITIC Bank, said. Looking ahead,…
BEIJING — Chinese authorities have stepped up efforts to regulate content labeling on short-form video platforms, aiming to address inconsistencies in marking standards and curb the spread of unlabeled fictional, staged and artificial intelligence-generated content, the Office of the Central Cyberspace Affairs Commission has announced. The office has guided platform operators to adopt standardized labeling…
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Severin Schwan, chairman of the board of directors of Swiss healthcare company Roche Group, said China is well positioned to advance its life sciences industry under its high-quality development agenda. Speaking at a symposium on Healthy China 2030 and big health industry development during the China Development Forum 2026 on Sunday, Schwan said China has…
China’s top economic planner announced on Monday that it is taking temporary control measures on domestic gasoline and diesel prices to shield the economy and consumers from a recent abnormal spike in international crude oil prices. Starting at midnight on Monday, the retail prices of gasoline and diesel will see a moderated increase of 1,160…
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Swiss pharmaceutical company Novartis is to expand its research and development, manufacturing capacity and operations footprint in China, with planned investment of more than 3.3 billion yuan ($460 million), a gathering in Beijing has heard. The announcement came as the China Development Forum annual meeting opened in Beijing on Sunday, with Vas Narasimhan, the chief…
Visitors get to know a domestic brand new energy vehicle at a mall in Neijiang, Sichuan province, on Feb 21. TANG MINGRUN/FOR CHINA DAILY BEIJING — At a time of heightened global uncertainty, China has signaled its commitment to remaining a key stabilizing force for the world economy. At this year’s two sessions, China set…
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