A worker checks the packaging of oyster sauce bottles on a production line at a factory owned by Lee Kum Kee Group in Jiangmen, Guangdong province. [Photo provided to chinadaily.com.cn] As the Year of the Snake approaches, Lee Kum Kee Group, the Hong Kong-based food manufacturer, introduced its new brand positioning – “enabling superior experiences…
Shanghai unveils a series of consumption promotion events on January 22 as part of the initiative launched by the Ministry of Commerce to celebrate the upcoming Spring Festival, which was inscribed by the UNESCO on intangible cultural heritage list. [Photo provided to chinadaily.com.cn] Shanghai unveiled a series of consumption promotion events on Wednesday as part of…
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A drilling platform in Kaiping South Oilfield in the South China Sea. [Photo/Xinhua] China continued to lead the global green and low-carbon energy transition in 2024, with investments in non-fossil energy accounting for one-third of global investments, CCTV News reported on Thursday. Renewable energy has become the mainstay of electric power installation and China’s petroleum…
Production line workers of new energy vehicle producer Leapmotor assemble a car at the company’s intelligent factory in Jinhua, Zhejiang province. JIN SICHENG/FOR CHINA DAILY China’s vehicle market, the world’s largest, grew even bigger in 2024, with 25.57 million units delivered, up 1.6 percent year-on-year, according to the China Association of Automobile Manufacturers. Combined with…
Staff members work on flu vaccines in Sinovac’s R&D lab in Beijing. [Photo/China Daily] China’s research and development spending totaled 3.61 trillion yuan ($496.32 billion) in 2024, up 8.3 percent from the previous year, while R&D intensity, the ratio of R&D to GDP, hit 2.68 percent during that period, an increase of 0.1 percentage point,…
A view of the headquarters of China Securities Regulatory Commission in Beijing. [CHINA DAILY] China will implement the second phase of a pilot program aimed at facilitating insurance funds making long-term stock investments in the first half of 2025, with a program size of no less than 100 billion yuan ($13.7 billion), said Wu Qing,…
Edward Cui Yibin, president of Vertiv Greater China. [Photo provided to chinadaily.com.cn] Vertiv, a global provider of critical digital infrastructure, is gearing up efforts to transform traditional data center architectures into AI factories capable of powering AI applications and accelerating digitalization across major industries in China. Edward Cui Yibin, president of Vertiv Greater China, said…
Luca de Meo, CEO of Renault Group. CHINA DAILY Renault Group does not sell cars in China but the French company is working at a mind-blowing scale with the Chinese auto sector, where CEO Luca de Meo says “the real things are happening”. Around a year ago, the Italian executive decided to build a facility…
[Photo/VCG] BEIJING — China’s public offering fund sector has maintained a stable development trend in recent years, with further measures set to boost the development of this sector in 2025, an official said at a press conference on Thursday. Assets under the management of China’s public offering funds rose to 33 trillion yuan ($4.6 trillion)…