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Foreign firm execs keen on China’s AI boom

From left to right: Janice Hu, China country head, UBS AG; chairperson of UBS Securities Co Ltd; chair of Global Banking China, UBS; Anu Rathninde, president of Johnson Controls Asia-Pacific; Xie Xue, CEO of Vale China; George Xu, Airbus executive vice-president and Airbus China CEO. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as China…

Legal support key for China’s private economy

“Private enterprises have made a significant contribution,” said Liu Yonghao, a national political advisor and chairman of New Hope Group, underscoring the need for equal treatment and legal safeguards to further empower private firms. He believed that the new legislation will further promote the development of the private sector. Tanks to chinadaily.com.cn Please visit: Our…

Jinjiang a role model in industrial transformation

By CAO DESHENG and HU MEIDONG in Fuzhou | China Daily | Updated: 2025-03-07 09:42 Visitors check out sportswear at an innovation exhibition facility of Anta in Jinjiang, Fujian province. WEI PEIQUAN/XINHUA Ding Shizhong, a member of the Standing Committee of the National Committee of the Chinese People’s Political Consultative Conference, has emphasized the importance of…

Global firms foresee fairer biz environment

From left to right: Ma Jun, senior vice-president of Volvo Group, and president of Volvo (China) Investment Co Ltd;  Yu Yongjian, TotalEnergies China country chair; Ian Shih, president of Rockwell Automation China; Hideki Ozawa, executive vice-president of Canon, and president & CEO of Canon China. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as…

Cochlear executive: Excited about opportunities in China

“We are very excited about the opportunities in China. The policies that we see being implemented continue to encourage companies like us to invest and grow here, that’s something we are very keen to do,” Stu Sayers, president of Asia-Pacific and Latin America, Cochlear Ltd, an Australian company focusing on implantable hearing solutions, said in…

Haier to sharpen focus on tech innovation, new quality productive forces

Chinese home appliance manufacturer Haier Group will strive for technological innovation and bolster the development of new quality productive forces while contributing to the building of China’s strength in manufacturing, said Zhou Yunjie, chairman and CEO of the company. Zhou, who is a deputy to the 14th National People’s Congress, China’s top legislature, said Haier…

Phonak launches AI-based hearing aid device

Phonak, a brand of Switzerland-based multinational hearing solutions provider Sonova, has launched a new family of hearing aid devices based on its innovative Infinio platform in China, aiming to help more people with hearing loss in the country. As understanding speech amid background noise remains the biggest challenge for people with hearing loss, the devices…

German companies stay bullish on China market

Logo of Bayer Group is pictured outside a plant. [Photo provided to China Daily] HANGZHOU – Ma Jishen was excited to see Bayer, the German healthcare and agribusiness giant, achieve the designed production capacity in just over a month at its new factory, where he serves as director. The Bayer Crop Science Hangzhou Production Site,…

Baidu plans to issue $1.4b of offshore bonds

An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese tech heavyweight Baidu Inc plans to issue about 10 billion yuan ($1.4 billion) of bonds offshore, according to a report from Bloomberg. The deal will consist of a 5-year note to yield 2.6 percent to 2.8 percent, and…