The skyline of Beijing. [Photo/VCG] BERLIN – “German investments in China reached a new record in the first half of 2024, continuing the upward trend from 2023, when investment levels also set new benchmarks,” Hermann Simon, a prominent German economist known as the father of the “hidden champions” theory, told Xinhua in a recent interview.…
The final round of pitches for the Global AgriInno Challenge 2024 opened on Thursday, drawing attention from young agricultural technology entrepreneurs from across the globe engaged in innovation-driven agricultural solutions. Nine international teams and dozens of young entrepreneurs showcased their artificial intelligence-empowered solutions to address the challenging issues in the global agrifood systems transformation. After…
There is probably no doubt that FAW’s Hongqi, which means Red Flag, is the best-known indigenous Chinese vehicle brand. Unveiled in 1958, it was often seen chauffeuring State leaders at major events. For the wider public in China, however, a model called the 212 was the one they had a personal connection with. It was…
LEGO Group is confident in future growth in China. [Photo provided to chinadaily.com.cn] The LEGO Group, known for its brick sets, remains optimistic about its long-term growth in the Chinese market, focusing on innovation and local relevance. CEO Niels B. Christiansen reaffirmed the group’s commitment to continued investment in the market during a recent trip…
Mining company Ganfeng Lithium will further expand investments in Africa and deepen cooperation in the mining sector, a top executive said during a recent interview with China Daily. Currently, the company is advancing its Mboukoumassi potassic salt ore project, a major potash project under construction in Africa. The main ore type in the mine is…
A view of the booth of Unilever during an expo in Shanghai. CHINA DAILY Unilever Plc, a British consumer goods company, has announced that it will continue to strengthen research and development efforts of more high-end and green laundry products in China to meet growing demand of such products by Chinese consumers. Sales growth of…
An Ikea store in Shanghai. [Photo/VCG] Global home furnishing giant IKEA has opened its first integrated store in Shanghai in collaboration with Livat, a mixed-use shopping center operated by Ingka Group. The new store, located in Shanghai’s Hongqiao area, marks IKEA’s fourth store in the city, reinforcing its presence with an online and offline shopping experience…
Sharon Barr, executive vice-president of biopharmaceuticals R&D at AstraZeneca, delivers a speech at AstraZeneca R&D China Science Day held in Shanghai from Friday to Saturday. [Photo provided to chinadaily.com.cn] United Kingdom-based biopharmaceutical giant AstraZeneca will add 10 to 15 new projects to the company’s research and development pipeline in China each year, reflecting its increased…
Dreame Technology unveils a variety of new household cleaning appliance products. [Photo provided to chinadaily.com.cn] Chinese intelligent home appliance manufacturer Dreame Technology recently unveiled a variety of new products, including robotic vacuum cleaners, floor-cleaning machines and vacuum sweepers, as the company aims to grab a bigger slice of the pie in the highly competitive household…
Visitors gather at TCL’s booth during the Appliance & Electronics World Expo 2023 in Shanghai in April, 2023. [Photo provided to China Daily] Chinese consumer electronics maker TCL Technology Group Corp said on Thursday that it plans to acquire an 80 percent stake in display panel maker LG Display China and 100 percent stake in…