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One-person companies rise in popularity, gain policy support

China is elevating the “one-person company” from a fringe business model to a national strategy, betting that artificial intelligence can turn individuals into scalable economic units, which industry experts said is a shift unfolding in parallel with the United States, but along a markedly different path. The one-person company, or OPC, emerged as one of…

Nation’s green transition applauded

An aerial image captures a solar power station in Lianyungang, Jiangsu province, on April 19. WANG CHUN/FOR CHINA DAILY China’s indispensable role as the leader of the global green energy revolution is being further consolidated as the escalating fossil fuel crisis stemming from the US-Israel-Iran conflict accelerates the global green transition, said industry experts. “The…

Chinese drugmaker scores big in US insulin market

China’s Sunshine Lake Pharma has won US Food and Drug Administration approval for its insulin glargine injection, marking the first time a Chinese-developed insulin has obtained the regulator’s “interchangeable biosimilar” designation — a milestone that underscores the accelerated entry of Chinese biopharmaceutical companies into high-end global markets. The label allows pharmacists in the United States…

‘Rooftop economy’ latest consumption front

A performance is staged on the terrace of a building in Shikumen, a major tourist attraction in Shanghai, on Sunday. CHINA DAILY After the “night economy”, the “rooftop economy” is now taking to the rooftops of shopping centers nationwide. Rooftops and terraces are emerging as the latest frontiers for retailers in China, offering new ways…

High-quality pivot urged for e-sellers

Salespersons of a cross-border e-commerce company promote products via livestreaming in Huzhou, Zhejiang province, on April 13. HAN CHUANHAO/XINHUA China’s e-commerce sector is at a crossroads after nearly three decades of explosive growth, and a new policy blueprint has laid out a clear path forward — deepening integration with the real economy and accelerating brand-driven…

Debut of full-spectrum hyperspectral satellite to empower commercial aerospace innovation

Kuaizhou-11 Y7 rocket launches at 12:12 pm on March 16 from Jiuquan Satellite Launch Center in Gansu province, deploying eight domestic satellites into scheduled orbits in a flawless mission. CCTV+ A significant milestone in China’s commercial aerospace sector, the recent successful launch and precise orbital insertion of the Xiguang-1 06 satellite reflect the development of…

Shanghai posts strong holiday retail growth, up 7.7%

Shanghai reported steady growth in online consumption and physical-store spending, growing 7.7 percent year-on-year to reach 64.3 billion yuan ($9.44 billion) in total during the five-day May Day holiday, according to official data. Boosted by more than 300 daily activities tailored to target consumers across the city, consumers spent 36.95 billion yuan in physical stores…

Warehouse receipts are reshaping China’s commodity trade

[Photo provided to chinadaily.com.cn] Shanghai Commodity Warehouse Receipt Registration Co Ltd, or NCWR, has leveraged warehouse receipt registration to drive the comprehensive digitalization of the commodity ecosystem, facilitating the integrated development of the Yangtze River Delta region and Shanghai’s goal of growing into a global resource allocation center, according to experts. Strategic layout in the…