A Rolls-Royce turbine is displayed during a media tour ahead of the opening of the Hannover Messe in Hanover, Germany, March 30, 2025. [Photo/Agencies] British industrial conglomerate Rolls-Royce said while geopolitical tensions present challenges, it remains steadfast in its commitment to the China market. China has been an important ecosystem for the company, and it…
A drill site of Sinopec’s Shengli Oilfield in Dongying, Shandong province. WANG GUOZHANG/FOR CHINA DAILY In a strategic move to boost capacity to meet the escalating global demand for high-quality petrochemicals, China Petroleum and Chemical Corp (Sinopec) and Saudi Aramco have signed a Venture Framework Agreement to develop a fully integrated petrochemical complex at their…
In response to new rounds of United States’ tariffs and ongoing global supply chain disruptions, Chinese retailer Yonghui Superstores launched a “green channel” initiative aimed at supporting domestic supply chain enterprises grappling with stockpiles caused by export challenges. The initiative, unveiled on April 7, includes fast-track product placement within 15 days, targeted promotional support, and…
China Petroleum and Chemical Corp (Sinopec) signed a Venture Framework Agreement (VFA) with Aramco and Yanbu Aramco Sinopec Refining Company (Yasref) on Tuesday for a major petrochemical expansion at Yasref in Yanbuon in the west coast of Saudi Arabia. The agreement seeks to advance engineering studies for the development of a fully-integrated petrochemical complex at…
Starbucks China on Tuesday has unveiled its sugar-free flavored coffee products across more than 7,600 stores nationwide, allowing health-conscious customers to have greater control over the sweetness of their beverages and expanding their customer reach. The sugar-free coffee line separates flavor from sugar, providing consumers with the option to enjoy a full-flavored coffee experience without…
BEIJING — Several Chinese central state-owned enterprises (SOEs) have rolled out share purchase initiatives, underscoring their robust confidence in the long-term prospects of the country’s economy and capital market. China National Petroleum Corporation on Tuesday disclosed that it will buy A-shares and H-shares over the next 12 months, with a total investment of up to…
The logo of TikTok is seen on the screen of a smartphone in Arlington, Virginia, the United States, March 13, 2024. [Photo/Xinhua] Chinese tech heavyweight ByteDance, the parent company of short-video app TikTok, said on Saturday that it is still in discussion with the US government regarding plans to keep the app operational in the…
BEIJING — China Chengtong Holdings Group Ltd, a capital operation company under the country’s state-assets regulator, said that it has increased its holdings of exchange-traded funds (ETFs) and centrally administered State-owned enterprise stocks, in an effort to safeguard the stable operations of the capital market. In a Monday statement, the company said that it remains…
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A consumer browses infant formula at a supermarket in Shanghai in January. CHINA DAILY China Feihe Ltd, a leading infant formula brand in China, announced on March 26 that it will roll out a subsidy program aimed at improving birth rates nationwide in early April. The program will offer expectant families subsidies of at least 1,500…