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TCM firm enters innovative pharma

A view of the booth of Yunnan Baiyao Group during an expo in Shanghai. CHINA DAILY Yunnan Baiyao Group, a century-old pharmaceutical brand based in Southwest China’s Yunnan province, continues to thrive by deeply investing in traditional Chinese medicine while strategically expanding into innovative pharmaceuticals. On the company’s smart production lines, its flagship product, Yunnan…

China issues guidelines to improve capacity, quality of service sector

BEIJING — China has issued a new set of guidelines aimed at expanding capacity and upgrading the quality of the service sector. The guidelines, released by the State Council on Tuesday, state that the total scale of China’s service sector is expected to reach 100 trillion yuan (about $14.58 trillion) by 2030. More “China Services”…

Travel demand for Japan slumps amid strained ties

The sharp contraction in air traffic between China and Japan has continued into April, following significant flight cancellations during the peak cherry blossom season in March, highlighting how strained bilateral relations have affected airline operations and tourism demand in Japan. According to Chinese civil aviation data provider Flight Master, 2,691 flights — nearly half of…

China makes breakthrough in concentrated solar power tech

China has made a technological breakthrough in the concentrated solar power sector, successfully verifying the world’s largest molten salt trough collector system, project developer China General Nuclear Power Corp (CGN) announced on Tuesday. The technological validation of the 8.6-meter aperture molten salt trough collector equipment and process — the widest of its kind globally —…

Nation’s industrial sector gaining ground

China’s industrial sector is growing steadily, while its digital infrastructure and next-generation connectivity segments continue to be on the development path, officials and industrial experts said on Tuesday. Their comments came as the latest data from the Ministry of Industry and Information Technology showed that the country’s industrial sector had expanded in the first quarter,…