China’s inclusion of a call for comprehensive measures to curb “involution-style” competition in its government work report for the first time signals a shift towards supply-side reform, market regulation, and a return to rational pricing — moves that will support higher-quality and more sustainable growth in banking services, according to China CITIC Bank. At the…
SHENYANG — China on Thursday unveiled the latest rankings of its 500 largest private enterprises, with e-commerce giant JD.com claiming the top spot, reflecting the robust growth of the country’s private sector. The list, compiled by the All-China Federation of Industry and Commerce (ACFIC), was released at the 2025 China Top 500 Private Enterprises Summit…
BEIJING – The Chinese capital has completed the construction of the “Well Town” project, its largest commercial outlet complex. The town is located near the Universal Beijing Resort and is expected to begin operations by late 2025, according to Beijing Urban Construction Group Co Ltd (BUCG) on Wednesday. With total investment exceeding 10 billion yuan…
Anta Sports, a leading sportswear firm. [Photo by Sun Chi/chinadaily.com.cn] FUZHOU — Chinese sportswear brand ANTA Sports reported double-digit revenue growth in the first half of 2025, according to the firm’s latest financial report released on Wednesday. ANTA’s interim results for early 2025 showed that the company is consolidating its market-leading position in China. Its…
Anta Sports posts first-half results for 2025 on Wednesday. [Photo/chinadaily.com.cn] Anta Sports Products Ltd posted its first-half 2025 results on Wednesday, reporting that revenue surged 14.3 percent year-on-year to 38.54 billion yuan ($5.4 billion), while net profit rose 14.5 percent to 7.03 billion yuan ($985.71 million). All brands achieved new half-year revenue highs, marking the…
Chinese AI chipmaker Cambricon Technologies briefly surpassed liquor giant Kweichow Moutai to become the country’s most valuable onshore stock, highlighting the shifting drivers of China’s economic growth, analysts said. On Wednesday, Cambricon’s shares jumped nearly 10 percent in intraday trading to 1,461 yuan ($204) apiece, overtaking Moutai to claim the title of “stock king”. The…
CNOOC booth at an expo held in Shanghai on Dec 6, 2024. [Photo/VCG] China National Offshore Oil Corporation (CNOOC) announced on Saturday that its offshore heavy oil thermal recovery technology system and core equipment have achieved significant progress in large-scale application, with cumulative offshore heavy oil thermal recovery exceeding 5 million metric tons. This achievement…
From left: The booth of Bank of China at the third China International Supply Chain Expo. [Provided to China Daily] A staff member from Bank of China’s Chongqing Shapingba branch handles cross-border financial services for a customer. [SUN KAIFANG/FOR China Daily] According to the latest semi-annual report released by Bank of China on Friday, the…
A woman tries e-CNY services at the Bank of China booth during the 2024 China International Fair for Trade in Services in Beijing. DU JIANPO/FOR CHINA DAILY The panda bond market, in which overseas institutions issue renminbi bonds in China’s onshore market, is poised to attract new issuers. On July 22, the Bank of China, as…
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