China Petroleum and Chemical Corp (Sinopec) reported a net profit of 31.81 billion yuan ($4.6 billion) attributable to its shareholders for the fiscal year 2025, according to its annual report released on Sunday. The State-owned energy giant’s total revenue for the year reached 2.78 trillion yuan. In 2025, Sinopec optimized its refining and chemical operations…
CAI MENG/CHINA DAILY During the recently concluded two sessions, the country released its Government Work Report. Within the report, the Chinese government signaled a willingness to tackle deep structural issues head-on, chart a new growth model and boost foundations for long-term development. The report comes as China’s economy is entering a pivotal stage in its…
BEIJING — China’s transformer manufacturing sector has cemented its position as a global powerhouse, with industry output surpassing 300 billion yuan (about $43.54 billion) in 2025 and production representing more than half of worldwide capacity, according to industry association estimates released Friday. China’s transformer industry has also seen the emergence of influential “heavyweight” enterprises, said…
BEIJING — China’s transformer manufacturing sector has cemented its position as a global powerhouse, with industry output surpassing 300 billion yuan (about $43.54 billion) in 2025 and production representing more than half of worldwide capacity, according to industry association estimates released Friday. China’s transformer industry has also seen the emergence of influential “heavyweight” enterprises, said…
BEIJING — China’s transformer manufacturing sector has cemented its position as a global powerhouse, with industry output surpassing 300 billion yuan (about $43.54 billion) in 2025 and production representing more than half of worldwide capacity, according to industry association estimates released Friday. China’s transformer industry has also seen the emergence of influential “heavyweight” enterprises, said…
BEIJING — A total of 8,631 new foreign-invested firms were established across China in the first two months of the year, marking an increase of 14 percent year-on-year, the Ministry of Commerce said Friday. During the same period, actual use of foreign direct investment (FDI) in the Chinese mainland totaled 161.45 billion yuan ($23.43 billion),…
CAI MENG/CHINA DAILY During the recently concluded two sessions, the country released its Government Work Report. Within the report, the Chinese government signaled a willingness to tackle deep structural issues head-on, chart a new growth model and boost foundations for long-term development. The report comes as China’s economy is entering a pivotal stage in its…
CAI MENG/CHINA DAILY During the recently concluded two sessions, the country released its Government Work Report. Within the report, the Chinese government signaled a willingness to tackle deep structural issues head-on, chart a new growth model and boost foundations for long-term development. The report comes as China’s economy is entering a pivotal stage in its…
CAI MENG/CHINA DAILY During the recently concluded two sessions, the country released its Government Work Report. Within the report, the Chinese government signaled a willingness to tackle deep structural issues head-on, chart a new growth model and boost foundations for long-term development. The report comes as China’s economy is entering a pivotal stage in its…
CAI MENG/CHINA DAILY During the recently concluded two sessions, the country released its Government Work Report. Within the report, the Chinese government signaled a willingness to tackle deep structural issues head-on, chart a new growth model and boost foundations for long-term development. The report comes as China’s economy is entering a pivotal stage in its…