The State Grid Corp of China’s new energy subsidiary completed a 36.5 billion yuan ($5.03 billion) capital increase and share expansion project on Wednesday, representing the largest cash fundraising in the history of China’s State-owned asset transactions. According to the State Grid, the substantial capital injection will be entirely allocated to the construction of pumped-hydro…
The booth of Chinese auto chipmaker SemiDrive at an expo. CHINA DAILY As the global auto industry accelerates its transformation toward intelligent mobility, Chinese parts suppliers are taking the lead in steering innovation and product development. From supplying key components to co-developing next-generation driving systems, domestic intelligent vehicle tech companies are demonstrating stronger competence through…
An aerial drone photo shows a duty-free shopping mall in Sanya, South China’s Hainan province, May 29, 2025. [Photo/Xinhua] The Hainan Free Trade Port will launch island-wide independent customs operations on Dec 18, a key step in transforming the tropical island into a globally significant free trade hub, a senior official announced Wednesday. Wang Changlin,…
China’s Hainan Free Trade Port will officially launch island-wide independent customs operation on Dec 18 after it secured approval by the Communist Party of China Central Committee, Wang Changlin, deputy director of the National Development and Reform Commission, said at a news conference on Wednesday. Tanks to chinadaily.com.cn Please visit: Our Sponsor
The view of Shanghai’s CBD is seen in this photo. [Photo/VCG] China’s capital markets are gaining increasing traction among global investors as foreign investment surged back in the first half of this year, supported by the country’s economic resilience, continuing opening-up policies and growing demand for more diversified and renminbi-denominated assets, officials and experts said…
NEW YORK — PepsiCo reported stronger-than-expected earnings and revenue for the second fiscal quarter Thursday, while signaling confidence in its full-year outlook as recent strategic shifts begin to take hold. Despite ongoing challenges in North America, the company expects a gradual recovery in demand, driven by product innovation, pricing strategy and international momentum, according to…
CITIC Group shines at the 3rd China International Supply Chain Expo. [Photo provided to chinadaily.com.cn] The third China International Supply Chain Expo is being held in Beijing from July 16 to 20. Marking its third consecutive appearance, CITIC Group presents a comprehensive showcase of its latest achievements across key industrial sectors. At the advanced manufacturing…
GUANGZHOU — China’s leading home appliance manufacturer Midea Group has become the official sponsor of the Africa Cup of Nations 2025, which is scheduled to be held in Morocco. Midea Group and the Confederation of African Football (CAF) also signed a sponsorship cooperation agreement on Wednesday at the headquarters of Midea Group in Foshan, South…
Nvidia founder and CEO Jensen Huang said in an interview with China Daily that “Huawei is a really incredible technology company, and China is moving incredibly fast at the AI model level. China is fast to both invent a new technology, and also to integrate the technology, to apply the technology. Because there’s so much…
COPENHAGEN — China Eastern Airlines on Thursday launched a new direct route between China’s Shanghai and Denmark’s Copenhagen, strengthening air connectivity between the two countries. An Airbus A330 aircraft landed at Copenhagen Airport at 7 pm local time, where it was greeted with a traditional water salute. After two hours, the return flight departed Copenhagen,…