Consumers check out blind box toys at an outlet in Shanghai in June. [Photo/CHINA DAILY] New stipulations regulate prices, ban on sales to children under 8 years old The State Administration for Market Regulation, China’s top market regulator, stipulated that businesses shall not sell blind boxes to juveniles under 8 years old, as part of…
Mustad’s factory in Wuxi. [Photo provided to chinadaily.com.cn] As the Managing Director of Mustad Wuxi, I have been fortunate to witness the remarkable evolution of our factory over the past 25 years. Mustad, a globally renowned fishing gear manufacturer since 1877, established its Wuxi facility in 2001 as part of its strategic expansion into Asia.…
An image shows a power station in Markham county, Xizang autonomous region. [LIAO ZUPING/FOR CHINA DAILY] LHASA — A total of 16 centrally administered state-owned enterprises (SOEs) have pledged their support for the development of Southwest China’s Xizang autonomous region, with 75 investment deals worth 317.5 billion yuan ($44.4 billion) concluded. The agreements, covering energy,…
CNOOC Limited announced on Tuesday that Kenli 10-2 Oilfields Development Project (Phase I) has commenced production, marking the production launch of the largest shallow lithological oilfield offshore China. The project is located in southern Bohai Sea, with an average water depth of about 20 meters. The main production facilities include a new central platform and 2 wellhead platforms,…
US-based specialty chemicals company Lubrizol Corp sees massive opportunities in China, positioning the world’s second-largest economy as a “cornerstone” of its global innovation strategy and a critical pillar for its worldwide supply chain stability, said a top executive. China stands as one of the world’s largest markets and a powerful innovation engine, driving technological transformation…
[Photo provided to chinadaily.com.cn] Horen Group, a Shanghai-based specialist in intelligent reusable packaging, obtained 130 million yuan ($18.12 million) in a Series F funding round on Monday to support its global expansion. The investment, led by Timesbole’s Xianju New Energy Industry Fund, will also be channeled towards enhancing its technology and business model. The funding…
With the smooth landing of a high-definition camera-equipped drone in Dongchagan village, Tongliao, Inner Mongolia autonomous region, power line infrastructure maintenance has officially entered the era of smart patrols. This application of drones marks the first successful aerial inspection of distribution lines by the State Grid Tongliao New Urban District Power Supply Company since its…
Singapore Exchange has welcomed the secondary listing of China Medical System Holdings Ltd on its mainboard under the stock code “8A8”. China Medical System Holdings Limited is a specialty pharmaceutical company with strong presence in China for nearly 30 years. Listed on the Hong Kong Stock Exchange since 2010, CMS has built a differentiated portfolio…
Coffee shops are increasingly becoming the go-to spots for meeting friends and working for many Chinese consumers, and the US coffee chain Starbucks recently launched study spaces at some of its stores in the country, with no charge for seating and no time limit, as the company continues to cope with fierce competition in China’s…
An image shows a dining hall at an Orange Hotel in Lishui, Zhejiang province, in November. The hotel is operated by H World Group, a Shanghai-based hospitality chain. CHINA DAILY H World Group, a Shanghai-headquartered hospitality group operating more than 11,600 hotels in 19 countries and regions, will tap into China’s surging travel demand and…