China has imposed a combined fine of 362 million yuan ($50.4 million) on four pharmaceutical companies and related individuals for price-fixing in a high-profile antitrust case, the country’s market regulator said on Friday. The State Administration for Market Regulation said it had asked its Tianjin bureau to investigate and penalize the case, which it called…
A staff member (right) addresses attendee queries at the Beijing CBD Forum on Wednesday. CHENG GONG/FOR CHINA DAILY China has become more attractive as a global investment destination, especially in technology and innovation, attracting international businesses with its robust economic growth and creativity, said Rani Jarkas, chairman of the Swiss financial group Cedrus Group. Having…
The world’s first Aframax oil tanker adopting wind sail propulsion is named at China State Shipbuilding Corp Shanghai Waigaoqiao Shipbuilding Co Ltd on June 11. [Photo provided to China Daily] The world’s first Aframax oil tanker adopting wind sail propulsion was named on Wednesday at China State Shipbuilding Corp (CSSC) Shanghai Waigaoqiao Shipbuilding Co Ltd,…
The United States’ restrictive policies against China are ironically catalyzing China’s technological advancements, industry insiders said on Tuesday, referring to the chip breakthroughs achieved by Huawei Technologies and the recent remarks of its founder Ren Zhengfei, who downplayed the impact of US export controls. In an interview with People’s Daily that was published on Tuesday…
Delegates check out beverages from Lemon Republic at a forum in Shanghai in May. CHINA DAILY In a market crowded with novelty beverages and short-lived trends, beverage company Lemon Republic is attempting something unusually focused: to build a multi-billion-yuan business out of just one fruit. Founded in 2021, the startup has spent the past four…
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Shanghai Hero (Group) Co Ltd holds its new product launch at Crowne Plaza Shanghai Noah on Tuesday. [Photo provided to chinadaily.com.cn] Time-honored Shanghai Hero (Group) Co Ltd held its new product launch in Shanghai on Tuesday, unveiling co-branded products with a local cultural creative brand, previewing the collaboration with Shanghai Film Infinity, and signing a partnership…
The per capita GDP of the Yangtze River Delta region edged up to $19,500 in 2024, about to surpass the $20,000 threshold for developed economies, according to official data. The data is released in a recent report jointly published by the Regional Cooperation Office of the Yangtze River Delta, the Shanghai division of the China…
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BEIJING – China is poised to offer multinational companies a platform for “policy communication, industrial coordination and project cooperation” at the upcoming sixth Qingdao Multinationals Summit, a commerce ministry official said Friday. The summit is scheduled to be held from June 18 to 20 in Qingdao, a coastal city in East China’s Shandong province, said…