Ikea China on Wednesday pledged to invest 160 million yuan ($22 million) in China during its 2026 fiscal year, as the Swedish home-furnishings giant deepens its bet on the Chinese market through price cuts, new product lines and expanded digital services. The retailer plans to introduce more than 1,600 new home products, 23 collections and…
An employee makes guitars at a workshop in Songzi, Hubei province. DU ZIXUAN/XINHUA Turning out only 200 guitars a month from its custom workshop, Hubei Tongxin Musical Instrument Co Ltd, based in Songzi, Jingzhou, Hubei province, aims to take a greater overseas market share in the high-end guitar manufacturing market. “As a high-end production facility of…
The first green power transaction between Shanghai and the Xizang autonomous region was recently completed, with clean energy generated in Southwest China now connected to Shanghai’s power supply, according to the State Grid Shanghai Municipal Electric Power Co. The deal, reached as the Xizang autonomous region marks its 60th anniversary, covers a total of 7.85…
Shenzhen Creality 3D Technology Co, a global leader in consumer-grade 3D printing, has officially submitted its listing application to the Hong Kong bourse. [Photo/VCG] Shenzhen Creality 3D Technology Co, a global leader in consumer-grade 3D printing, has officially submitted its listing application to the Hong Kong bourse, capturing widespread market attention. Creality said in its…
CNOOC Ltd announced on Thursday that production on its Wenchang 16-2 oilfield development project has commenced. Located in the western Pearl River Mouth Basin, with an average water depth of approximately 150 meters, the project will mainly leverage the adjacent existing facilities of the Wenchang Oilfields, with the addition of a new jacket platform integrating…
SUS Environment’s waste-to-energy project near Beijing adopts eco-friendly equipment and technology. CHINA DAILY SUS Environment, a leading Chinese environmental service provider, has become a key force in advancing the country’s green development while contributing solutions to global sustainability challenges. Solid waste management has emerged as a global issue amid rapid economic growth, while waste incineration has…
A Jiangxi Air aircraft receives a water salute upon arrival at Kuala Lumpur International Airport in Malaysia on Aug 25. CHENG YIHENG/XINHUA Direct flights from Kuala Lumpur to Nanchang, East China’s Jiangxi province, are expected into inject fresh impetus to the tourism sectors of both sides, said experts and officials. The comments came after Nanchang recently…
Covestro board of management members and employees celebrate the company’s 10th anniversary in front of a branded bus at its headquarters in Leverkusen. CHINA DAILY Since stepping out from the German multinational Bayer in 2015, Covestro has grown into a global leader in high-performance polymer materials, widely recognized for its pioneering role in advancing the…
The Chinese company Jiangsu Hengrui Pharmaceuticals said in a statement on Monday that it has received conditional approval from the National Medical Products Administration for its new cancer drug, Zeprumetostat. The treatment has been cleared for use by adult patients with relapsed or refractory peripheral T-cell lymphoma who have already received at least one systemic…
Opella, a consumer healthcare company based in France, is deepening its commitment to China, hailing the country as both a core market and a future hub for growth and innovation. “China is the world’s most promising over-the-counter market and one of the fastest-growing globally. For Opella, it is an indispensable core market and growth engine,”…