China has stepped up policy support for cross-border financing by raising leverage ratios for overseas lending by foreign banks in the country and the Export-Import Bank of China, in a move aimed at boosting the real economy, facilitating trade and investment, and accelerating the global use of the renminbi. The adjustment comes as banks’ overseas…
Taki Li presents a selection of limited-edition cocktails created for the Symposia cocktail series at Bvlgari Hotel Beijing.[Photo provided to China Daily] On a busy… Read More »Mixology at the world’s best bar
Kunming is wrapped in a sea of purple! In May, jacarandas burst into full bloom. Head to Jiaochang Zhong Lu for the best views. In… Read More »Jacaranda flowers, Kunming, Yunnan – Chinadaily.com.cn
Expanded cooperation between China and the United States will help reinforce the stability of global industrial and supply chains, while generating fresh momentum in advanced manufacturing, premium consumption and innovation-driven industries, said analysts and business executives of both sides. They also said that stable China-US economic ties are vital to safeguarding global supply chains, and…
BeOne Medicines Ltd, a listed global oncology biotech, reported a first-quarter revenue of $1.5 billion for 2026, up 35 percent year-on-year, driven by continued growth of its blood cancer drug, Brukinsa, and expansion into overseas markets. The US-listed Chinese biotech, also listed in Hong Kong and Shanghai, said Brukinsa generated $1.1 billion in global sales…
China’s Ministry of Commerce has responded to reported European Union plans to block funding for projects using Chinese inverters by warning that the country will take necessary measures to safeguard the legitimate rights and interests of its companies. In response to the reported comments by EU officials, the Ministry of Commerce stated that the bloc…
Tourists seen in Dunhuang, Gansu province, on Monday. ZHANG XIAOLIANG/FOR CHINA DAILY China’s domestic tourism market recorded 325 million trips during the five-day Labor Day holiday, up 3.6 percent year-on-year, according to data from the Ministry of Culture and Tourism on Thursday. Total domestic tourism spending reached 185.5 billion yuan ($27.3 billion) during the holiday,…
China will remain important to the long-term strategies of multinational companies, given its unmatched market scale, evolving consumer demand and increasingly strong innovation ecosystem, according to a senior executive. Kati Najipoor-Smith, head of the Global Automotive Practice at Heidrick & Struggles, sees China not only as an important market, but also as an increasingly important…
China’s top drug regulator approved a domestically developed innovative breast cancer drug for expanded use on Wednesday, offering a new first-line treatment option for patients with a common subtype of advanced breast cancer. The drug, Culmerciclib capsules, was developed by Chia Tai Tianqing Pharmaceutical Group, a subsidiary of Sino Biopharmaceutical. It has been approved by…
The Ministry of Industry and Information Technology said it has approved Beijing Guodian Gaoke Technology Co to launch a two-year commercial pilot program for satellite-based internet of things services, the first such commercial trial in the country. The move marks a significant step in the country’s efforts to advance commercial space applications and foster new…