People pass a construction site of the Beijing Construction Engineering Group in Beijing. [Photo by Sun Chi/chinadaily.com.cn] BEIJING — China’s locally-administrated State-owned enterprises have operated steadily this year despite various challenges, according to the State-owned Assets Supervision and Administration Commission of the State Council, the country’s top state assets regulator. In the first half of…
Global oncology company BeOne Medicines inaugurated its expanded research and development innovation center in Beijing’s Changping district on Tuesday, marking a significant step in strengthening its global research capabilities. Located in the Zhongguancun Life Science Park, the new facility expands the center’s total floor area to 47,674 square meters, accommodating over 1,300 staff members and…
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…