On Tuesday, Yum China Holdings announced that it has entered into a definitive agreement to take full ownership of the Pizza Hut brand on the Chinese mainland in a $1.2 billion deal, a strategic shift that will eliminate ongoing royalty payments to Yum Brands. The move gives Yum China direct control of one of its…
People browse cosmetics and perfumes in a shop on Qilou Old Street in Haikou, Hainan province, on May 9. GUO CHENG/XINHUA It was a moment that captured the promise of a new era. On the eve of the May Day holiday, a container ship from Italy docked at Yangpu Port in Danzhou, Hainan province, carrying…
A welding task that once required four experienced workers and two days can now be completed by a single operator in just one day. At a smart manufacturing base in China’s northern port city of Tianjin, a Chinese-developed robotic welding system is being used for the intelligent welding of deepwater offshore equipment. Among China’s first…
Pansy Ho Chiu-king, chairperson and founder of the Global Tourism Economy Research Center, says tourism remains the cornerstone of Macao’s economy. [Photo by Zhao Yimeng/chinadaily.com.cn] The upcoming APEC Tourism Ministerial Meeting in Macao will provide an opportunity not only to showcase China, but also to explore new pathways for tourism cooperation and cultural exchange across…
As preparations accelerate for the 2026 Aichi-Nagoya Asian Games, which will kick off in less than 100 days, Chinese home appliance maker Haier has recently announced that its water purification systems have been installed in the National Olympic Sports Center in Beijing to support athletes and staff members during training and daily operations. According to…
Wu Qing, chairman of China Securities Regulatory Commission (CSRC), speaks at the Lujiazui Forum in Shanghai, on June 17, 2026. [Photo/VCG] China’s securities regulator unveiled the nation’s first five “Tech-Finance Practice Models” in the capital market at the 2026 Lujiazui Forum in Shanghai on Wednesday. These pioneering pilots encompass the Pudong district of Shanghai, the…
Thousands of retired solar panels have been transformed into colorful building facades and fences at a demonstration base in Tianjin, showcasing a new approach to tackling the growing challenge of photovoltaic waste. The project uses colorful microlayer technology, developed by Colorfulead Power (Beijing) Technology, to repurpose decommissioned photovoltaic modules as architectural materials while preserving most…
Boeing Shanghai Aviation Services opens a new maintenance facility capable of servicing up to six aircraft simultaneously. [Photo provided to chinadaily.com.cn] A Boeing-backed aircraft maintenance joint venture in Shanghai has opened a new maintenance facility capable of servicing up to six aircraft simultaneously, expanding capacity as global airlines seek additional maintenance, repair and overhaul services…
China will establish a new liquidity facility for overseas central banks and official institutions, People’s Bank of China Governor Pan Gongsheng said, in what analysts described as a proactive step toward boosting global demand for yuan assets. Speaking at the 2026 Lujiazui Forum on Wednesday, Pan announced the establishment of the RMB Repo Facility for…
Twenty-six financial institutions signed Cross-border e-CNY Transfer Services direct participant agreements with e-CNY Center International Co in Shanghai on Tuesday, becoming the first group to gain access to CBETS, a cross-border blockchain-based infrastructure service platform designed to support the international use of the digital yuan. Developed and operated by e-CNY Center International Co, the platform…