Ernesto Torres Cantu, head of International at Citi. [Photo provided to chinadaily.com.cn] China’s economic growth is poised to outshine the global average this year, underpinned by the dynamism of its innovation-driven private sector and the rapid expansion of future-oriented industries, a senior executive said. “The private sector in China is truly remarkable, with business leaders…
West Air’s first Airbus A319neo aircraft with DPOS arrives at Chongqing Jiangbei International Airport on Thursday. The aircraft will shoulder flights bound for destinations in Yunnan province. LUO BIN/FOR CHINA DAILY An Airbus A319neo aircraft equipped with a decentralized pulse oxygen system (DPOS) arrived at Chongqing Jiangbei International Airport from Hamburg, Germany on Thursday, to support…
[Photo/VCG] In 2024, beverage producer Wahaha Group paid 2.4 billion yuan in salaries to its frontline workers, a 20 percent year-on-year increase, according to a report by The Paper on Thursday. This represents an additional 400 million yuan compared to the previous year. The average salary for production workers rose by 23 percent, while frontline…
The booth of Standard Chartered during an expo in Shanghai. [HU XUEBAI/FOR CHINA DAILY] Positioning itself as a super connector between China and the world’s most dynamic markets, UK-based banking group Standard Chartered is committed to supporting China’s high-quality development by introducing multinational corporations to the country and assisting Chinese enterprises in exploring overseas business…
A visitor checks out Siemens Healthineers medical equipment during the seventh China International Import Expo in Shanghai in November. [Photo/China Daily] Siemens Healthineers broke ground on a new research, development and manufacturing base in Shenzhen, Guangdong province, on Thursday, with an investment exceeding 1 billion yuan ($136.66 million). Operations at the site, which cover a…
ACWA Power, a Riyadh, Saudi Arabia-based energy and water desalination giant, is set to expand its presence in China’s burgeoning renewable energy market by securing investment agreements for over 1 gigawatt of renewable energy projects across multiple provinces. As a formal entry into China’s renewable energy market, the company has partnered with two of China’s…
A worker checks the packaging of oyster sauce bottles on a production line at a factory owned by Lee Kum Kee Group in Jiangmen, Guangdong province. [Photo provided to chinadaily.com.cn] As the Year of the Snake approaches, Lee Kum Kee Group, the Hong Kong-based food manufacturer, introduced its new brand positioning – “enabling superior experiences…
Edward Cui Yibin, president of Vertiv Greater China. [Photo provided to chinadaily.com.cn] Vertiv, a global provider of critical digital infrastructure, is gearing up efforts to transform traditional data center architectures into AI factories capable of powering AI applications and accelerating digitalization across major industries in China. Edward Cui Yibin, president of Vertiv Greater China, said…
Sean Shan Upbeat about China’s innovative digital business environment, Takeda continues to invest in the country as it ramps up efforts to turn China into a global source of innovation for biomedicine. On Monday, the company signed an investment cooperation agreement with the administrative committee of Chengdu High-tech Industrial Development Zone to establish the Takeda…
Employees work at a workshop of an automobile enterprise in Guiyang, Southwest China’s Guizhou province, Dec 11, 2024. [Photo/Xinhua] DAVOS, Switzerland — Measured by market size and growth rate, China is still full of opportunities and worthy of investment by global companies, said Joe Ngai, chairman of McKinsey & Company in Greater China, a worldwide…