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…
During the campaign to use financial tools to support the development of the real economy, Qilu Bank has become a representative example for supporting the development of small and micro-sized enterprises through practical action. At the end of last year, a Jinan resident surnamed Qiao, a small business owner in Changqing district engaged in the…
CNOOC Limited announced on Thursday that it has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin. The Weizhou 10-5 oil and gas field is located in the Beibu Gulf of the South China Sea, with an average water depth of about 37 meters. Exploration well WZ10-5-1Sa encountered an…
Runners seen at the starting point of the Bimbo Global Race 2024 at Beijing Olympic Park on Sept 28. [CHINA DAILY] Grupo Bimbo, a Mexican multinational food company, is deepening its footprint in China with significant investments and strategic initiatives aimed at capitalizing on the country’s massive market potential, signaling optimism about the country’s long-term…
The high-voltage power grid stretches across the grasslands of Inner Mongolia autonomous region. [Photo provided to chinadaily.com.cn]] In 2024, Inner Mongolia autonomous region, one of China’s key energy-producing regions, transmitted 315 billion kilowatt-hours of electricity to other provinces and municipalities, securing its position as the nation’s top electricity exporter. This strong momentum has continued into…
The launch ceremony of Bayer E-Town Open Innovation Center is held in Beijing on Monday. [Photo provided to China Daily] Germany-based life sciences giant Bayer unveiled Bayer E-Town Open Innovation Center in Beijing on Monday, adding another tier to the company’s long-term commitment to Chinese healthcare. “This is another significant milestone for Bayer Pharmaceuticals in…
With the formal implementation of the new national standards, GB43854-2024 Safety Technical Specification of Lithium-ion Battery for Electric Bicycle and GB40559-2024 Lithium-ion Cells and Batteries Used in Electric Self-Balancing Vehicle and Scooters — Safety Technical Specification, the electric two-wheeled vehicle market is advancing toward greater standardization and regulation. In response to these developments, BAK Battery…
Despite the challenges and difficulties ahead, China still enjoys favorable conditions and factors to sustain steady growth, Lou Qinjian, spokesman for the third session of the 14th National People’s Congress, said at a news conference on Tuesday. He expressed optimism and confidence about China’s economic prospects, saying “the underlying trend of long-term growth and the…
Zhuyeqing Tea, a major green tea maker in Southwest China’s Sichuan province, said the nation’s tea consumption market is undergoing significant changes, and it will further strengthen cooperation with e-commerce platforms to meet growing demand from young consumers. In addition to drinking milk tea and fruit tea, young Chinese consumers have been more interested in…
A Mixue mascot strikes a gong during the company’s listing ceremony at the Hong Kong bourse on Monday. LAM YIK/REUTERS Mixue Group, Chinese mainland’s largest fresh drinks producer by retail market share, made a strong debut on the Hong Kong stock exchange, opening 29 percent above its initial public offering price at HK$262 ($33.59) per share.…