A giant model of a Subway sandwich is seen in Shanghai in May 2023. [WANG GANG/FOR CHINA DAILY] SHANGHAI – Sandwich chain Subway on Tuesday announced the opening of its 4,000th store in the Asia-Pacific region, which is located in East China’s Shanghai municipality. This opening marks a key step in the brand’s accelerated expansion…
A Mastercard cardholder passes through the gate at the Daxing Airport subway station in Beijing. [CHINA DAILY] According to Mastercard’s 2024 Travel Trends report, global tourism is booming. Nine out of the past 10 record-setting spending days in the global cruise and airline industries occurred this year, and the Mastercard Economics Institute anticipates the trend…
An employee from the second drilling unit of CNPC Greatwall Drilling Co works on a drilling site in the Gulong shale oil formation in Daqing, Heilongjiang province, in late September.[CHINA DAILY] The second drilling unit of CNPC Greatwall Drilling Co completed a drilling task in the Gulong shale oil formation in Daqing, Heilongjiang province, in…
Apple CEO Tim Cook addresses the media next to the company’s new Vision Pro augmented reality headset at the Apple Park campus in Cupertino, California. [Photo/Agencies] BEIJING – Apple CEO Tim Cook pledged on Friday to continue to increase investment in China in areas such as supply chain and research and development. Cook made the…
German Foreign Minister Annalena Baerbock (second right) visits the Tianjin factory of Flender Group on April 13, 2023. [CHINA DAILY] TIANJIN — Over the past 28 years, Flender, a leading global supplier of mechanical drive systems, has flourished in Tianjin, growing from a small workshop with a dozen employees to a sprawling 255,000-square-meter facility with…
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong. [Photo/Agencies] China Petroleum & Chemical Corp has achieved a record-breaking single-well peak daily oil production of 262.8 metric tons at their Jiyang shale oil demonstration zone in Shandong province, setting a new national record for shale oil daily production…
Guangzhou Metro Group signed a memorandum of understanding with Singapore-based SMRT Trains on Tuesday, aiming to establish a long-term strategic partnership by leveraging their respective strengths and expertise in rail technology, maintenance and operational efficiency. In the integrated facilities area, both parties will enhance collaboration and exchanges in the application of efficient environmental conditioning systems…
Employees configure a robot that can write Chinese characters at the exhibition stand of ABB during the 4th China International Import Expo in Shanghai. [Photo/CHINA DAILY] Swiss technology company ABB Ltd said it will continue to increase investment and strengthen research and development efforts in China, its second-largest market, especially in smart buildings and industrial…
[Photo/VCG] China is advancing the probe into PVH Corp, an American clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, under the unreliable entity list framework, the Ministry of Commerce said on Thursday. “We will fully safeguard PVH’s rights to make statements and submit defenses during the investigation process,” said He Yadong,…
The skyline of Beijing. [Photo/VCG] CHONGQING – Many US companies are seeking investment opportunities in the Chinese market amid China’s introduction of a host of incremental policies to support economic growth. On Monday and Tuesday, a roundtable meeting between the National Development and Reform Commission (NDRC) and US multinationals was held in Southwest China’s Chongqing…