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Chinese firms step up investments in R&D

Experts from United Imaging Healthcare Co Ltd pose for a photo with local medical workers after installing a transportable CT scanner in Baghdad, Iraq, on March 19, 2020. XINHUA BEIJING — It took Chinese entrepreneur Zhang Junbin eight years to transform a small startup with just 200,000 yuan ($28,090) in initial capital into a unicorn enterprise…

Hisense becomes first official partner of FIFA Club World Cup 2025

Hisense Group announces on Wednesday that it has become the first official partner of the FIFA Club World Cup 2025. [Photo provided to chinadaily.com.cn] Chinese home appliance maker Hisense Group announced on Wednesday that it has become the first official partner of the FIFA Club World Cup 2025, building on its seven-year relationship with FIFA.…

Starbucks China records high performance in county-level stores

An outlet of Starbucks in China. [PHOTO/CHINA DAILY] Starbucks China has reported stronger performance from its newly-opened county-level stores compared to those in higher-tier cities, reinforcing its penetration strategy despite a decline in store sales due to heightened competition. The company is exploring “strategic partnerships” in China. In the fourth quarter, the company’s revenue in…

China’s first ‘smart factory’ for offshore oil, gas equipment fully operational

A drone photo taken on Oct. 30, 2024 shows a view of an intelligent manufacturing base under China Offshore Oil Engineering Company in north China’s Tianjin. [Photo/Xinhua] TIANJIN — China’s first intelligent manufacturing base for offshore oil and gas equipment was put into full operation on Wednesday in North China’s Tianjin municipality. Covering an area…

Direct all-cargo air route links China’s Hubei, Hong Kong

WUHAN — A direct all-cargo air route between Hubei province in Central China and Hong Kong Special Administrative Region was launched on Wednesday, according to SF Airlines. On Wednesday morning, a Boeing 737-400 freighter took off from the Ezhou Huahu International Airport in Hubei, China’s first cargo-focused airport. It is also the airport’s first all-cargo…

AstraZeneca China operating normally amid investigations

AstraZeneca, a United Kingdom-headquartered pharmaceutical company, showcases its cutting-edge products and solutions at the sixth China International Import Expo. [Photo/China Daily] AstraZeneca China said on Wednesday evening that Leon Wang, executive vice-president, international and China unit president at AstraZeneca, is cooperating with an investigation in China. AstraZeneca said that AstraZeneca China is operating normally under…

CNOOC Limited Mero3 project begins production

CNOOC Limited has announced that its Mero3 project, located in the Santos Basin pre-salt southeastern offshore of Brazil, has commenced production on Thursday. The production capacity of the project is 180,000 barrels of crude oil per day, which will increase the installed production capacity of Mero field to 590,000 barrels of crude oil per day,…

China Eastern Airlines unveils themed aircraft for Asian Winter Games

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Subway store launch vote of confidence

US-based restaurant chain Subway opens its 4,000th store in the Asia-Pacific region, in Shanghai on Tuesday. [GAO ERQIANG/CHINA DAILY] US-based restaurant chain Subway’s opening of its newest store in Shanghai, its 4,000th outlet in the Asia-Pacific region, on Tuesday indicates the brand’s confidence in the bright prospects of the China market, according to its top…