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Nation’s brands eye spotlight at World Cup

A customer wearing an Argentina national team jersey shops on Monday for World Cup merchandise at a store at Yiwu International Trade City in Zhejiang province. WEI ZHIYANG/FOR CHINA DAILY The 2026 FIFA World Cup, which is scheduled to take place from June 12 to July 20, is emerging as a major global marketing stage…

Chinese assets gaining appeal around world

As geopolitical tensions, diverging economic policies and rapid advances in artificial intelligence reshape global markets, senior economists said that Chinese assets are emerging as a key anchor, with the country’s cost-effective AI ecosystem well positioned to support a new round of manufacturing upgrading. With China pushing ahead with financial opening-up, economists said the case for…

Survey finds European business confidence in China on the up

Confidence among European businesses operating in China is showing “signs of an uptick”, according to a report released on Wednesday by the European Union Chamber of Commerce in China and consultancy firm Roland Berger. China remains “the heavyweight champion of efficient and cost-effective supply chains”, with 75 percent of respondents saying their China-based production is…

Dalian launches first direct container route to Middle East

A new direct container route from Dalian, Liaoning province, to the Middle East opened on Tuesday, becoming the first direct container route between the two regions. [Photo provided to chinadaily.com.cn] A new direct container route from Dalian, Liaoning province, to the Middle East opened on Tuesday, becoming the first direct container route between the two…

China fines Luxshare for antitrust filing violation in Wingtech deal

China’s market regulator has fined Luxshare Precision Industry Co Ltd 900,000 yuan ($125,000) for failing to properly declare its acquisition of part of Wingtech Technology Co Ltd’s business before completing the transaction, in a case Beijing said highlighted a softer “education combined with punishment” approach to antitrust enforcement. The State Administration for Market Regulation (SAMR)…

China’s major industrial firms’ profits jump 18.2%

An employee works on the production line of an automaker in Jinhua, Zhejiang province. HU XIAOFEI/FOR CHINA DAILY Profits at China’s major industrial firms maintained robust momentum in the first four months of the year despite mounting external uncertainties, with equipment manufacturing and high-tech sectors posting strong gains, official data showed on Wednesday. In the…

Shanghai hosts cross-border roundtable to enhance intl commercial mediation

A cross-border cooperation roundtable is held in Shanghai on Tuesday, bringing together experts from judicial administration, dispute resolution, commercial law, and international trade sectors from China and Singapore. [Photo by Zhou Wenting/chinadaily.com.cn] To innovate the application of legal frameworks for commercial mediation and enhance the international business environment, a cross-border cooperation roundtable was held in…

CNOOC’s Kenli 10-2 oilfield starts production in Bohai Sea

China National Offshore Oil Corporation announced on Wednesday that the first phase of the Kenli 10-2 oilfield cluster — the country’s largest offshore shallow-layer lithological oilfield — has fully commenced production. Located in the southern Bohai Sea, the field boasts proven geological reserves exceeding 100 million metric tons. It currently yields over 2,800 tons of…

Rare disease sector seen as frontier for innovation

China’s rare disease sector is entering a strategic window for biomedical innovation, as the country’s expanding diagnosis network and relatively large unmet medical needs create new momentum for drug development, clinical translation and payment support mechanisms, a top rare disease expert said. Zhang Shuyang, president of Peking Union Medical College Hospital, told China Daily that…