China National Offshore Oil Corp (CNOOC) announced on Friday the full completion of the Daxie Petrochemical refining and chemical integration project in Ningbo, Zhejiang province, marking the completion of country’s largest world-class petrochemical industrial base in the region. The 21 billion yuan ($3.2 billion) project is the largest of its kind in China and utilizes…
While we are not political analysts, it is hard to escape the conclusion that, for China’s leadership, regime security is the non-negotiable priority and everything else is instrumental. Economic constraints shape tactics, not goals. They trigger top-down switches in instruments, not changes in ends. The toolkit is coercive and discretionary, and, at the margin, ideology…
China’s inclusive insurance sector has gained strong momentum in recent years, powered by a string of government initiatives. Once confined to small pilot schemes, it now extends to gig workers, migrant households and even entire city populations. Growth has been striking, but insiders and experts caution that the industry is still in its infancy, weighed…
BEIJING – China has registered a net increase of nearly 20 million enterprises since the beginning of the 14th Five-Year Plan period (2021-2025), the State Administration for Market Regulation said on Friday. Since the launch of the 14th Five-Year Plan, China’s business environment has continued to improve, thereby fully stimulating entrepreneurial vitality across society, Luo…
BEIJING – China’s pharmaceutical industry is now the second largest in the world, accounting for about 30 percent of the global total of innovative drugs in research, said Yang Sheng, deputy head of the National Medical Products Administration, on Friday. Tanks to chinadaily.com.cn Please visit: Our Sponsor
Consumers try out shoes at a Steve Madden store in Shanghai on July 23. CHINADAILY Global brands that once shifted part of their production out of the country are now turning back as they rediscover China’s enduring manufacturing edge. Steve Madden, the US-based footwear and accessories brand, began diversifying production last November, announcing in the…
This aerial drone photo taken on July 10, 2025 shows a view of Longtan Container Terminal of Nanjing Port in Nanjing, East China’s Jiangsu province. [Photo/Xinhua] BEIJING – China is confident and well-prepared to continue promoting steady growth in and improving the quality of foreign trade, the Ministry of Commerce said Thursday. Currently, global economic…
People pass by a Heytea pop-up store showcasing its “new-style tea” products in Paris on July 26, 2024. Huang Liang / For China Daily Chinese new-style tea brands are accelerating their push into overseas markets, leveraging product innovation, digital operations, and a growing global interest in health-boosting beverages. The trend marks a new phase in…
A view of the BMW Brilliance plant in Shenyang, Liaoning province, in June 2022. XINHUA SHENYANG — A flock of sheep graze lazily on green grass as geese waddle by in a scene that could easily be mistaken for a meadow in the Chinese countryside. But the setting is far from rural. The animals live…
Employees work on the production line of a factory in Ningde, Fujian province, in May. Wang Wangwang / For China Daily BEIJING — China’s private companies are spearheading breakthrough innovations across various key sectors, supported by favorable government policies that encourage entrepreneurship and unleash market vitality in technological advancement. The latest data show that the…