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Global experts call for innovation, advancement to treat major vision-threatening diseases

Three delegates to the Beyond Asia 2025 Ophthalmology Summit, which was held in Shanghai between July 5 and 6 to promote global ophthalmic technology, make opening addresses. [Photo provided to chinadaily.com.cn] Global ophthalmologists and industry experts have called for innovation and advancement of global ophthalmic technology, as well as diagnosis and treatment concepts, to target…

Avatr signs Egypt distribution deal in first push into Africa

Avatr and Kasrawy representatives ink the general distributor deal in Cairo, capital of Egypt, on July 7, 2025. [Photo provided to chinadaily.com.cn] Chinese NEV maker Avatr Technology has signed a general distributor agreement with Egypt’s Kasrawy Group, marking its entry into Africa as part of a broader push to expand its international footprint. The agreement,…

China’s market regulator promotes agricultural standardization in Zambia to deepen Sino-African ties

Chinese and Zambian personnel pose in front of harvested crops, showcasing the achievements and friendship from the cooperation. [Photo provided to chinadaily.com.cn] China’s top market regulator stepped up its efforts to promote agricultural standardization in Zambia, as part of its broader push to strengthen people-to-people ties and boost the quality of agricultural production under the…

NXP doubles down on localized strategy to power auto innovation

Jens Hinrichsen, executive vice-president and general manager of Analog and Automotive Embedded Systems at NXP Semiconductors, speaks at an event in Dalian, Liaoning province, on July 2, 2025. [Photo provided to chinadaily.com.cn] NXP Semiconductors is stepping up its commitment to the Chinese automotive sector, as the Dutch chipmaker deepens local engagement, accelerates innovation, and co-creates…

China boasts world’s largest, fastest-growing renewable energy system: official

BEIJING – China has built the world’s largest and fastest-growing renewable energy system, an official with the National Development and Reform Commission said Wednesday. By the end of May, the country’s installed renewable energy capacity reached 2.09 billion kilowatts, more than double the figure at the end of the 13th Five-Year Plan period (2016-2020), Zhou…

China Development Bank signs $292m loan deal with African bank

China Development Bank has signed a 2.1 billion yuan ($292.5 million) loan agreement with the Development Bank of Southern Africa, the Chinese bank said in a news release on Wednesday. The deal, inked during the BRICS Interbank Cooperation Mechanism annual meeting in Rio de Janeiro, Brazil, on Tuesday, will channel funding toward projects in sectors…

ZF expects 33% global market share in chassis by 2030

Visitors look at a hybrid transmission system developed by ZF at the Shanghai Auto Show on April 26, 2025. [Photo/VCG] The world’s number-one passenger vehicle chassis provider, ZF, forecasts that by the end of the decade it will have 33 percent global market share of chassis business and its passenger car chassis products will achieve…

‘Sweat over indulgence’ lifestyles fuel sporting goods, events markets

Cyclists compete in Stage 5 of the 16th Tour of Hainan cycling race from Dongfang to Sanya, Hainan province, on April 11. [Photo/Xinhua] BEIJING — With policy support, improving environmental awareness and growing health consciousness of the public, a green and healthy lifestyle revolution is gaining momentum in China, driving the growth of eco-friendly and…

China’s consumer prices rebound amid pro-consumption policies

A customer shops for eggs at a supermarket in Handan city, North China’s Hebei province, June 9, 2025. [Photo/Xinhua] BEIJING – China’s consumer price index (CPI), a main gauge of inflation, rose 0.1 percent year-on-year in June, reversing a 0.1 percent decline registered in the previous month, as the nation’s measures aimed at expanding domestic…

China ready for closer trade cooperation with EU

[Photo/VCG] China is willing to work with the European Union to further expand bilateral market access, strengthen dialogue on government procurement and export controls, and deepen collaboration along industrial and supply chains, the Ministry of Commerce said on Thursday. “We hope the European side will approach bilateral economic and trade relations with a detached perspective,…