A 307,000-ton very large crude carrier (VLCC) was delivered on Wednesday in Dalian, Liaoning province, to South Korean owner Cido Shipping. Produced by Dalian Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), the vessel Empire Hope represents the latest generation of China’s independently developed VLCC design. With a length of approximately 333 meters and…
As an Air China flight from Beijing landed in Pyongyang on Monday morning, the Chinese carrier’s passenger air services between China and the Democratic People’s Republic of Korea have fully resumed after a six-year suspension. Air China’s Beijing-Pyongyang passenger route, first launched in 2008, had been suspended since January 2020 due to the COVID-19 pandemic.…
China Life Insurance Co Ltd, one of the country’s largest insurers, reported a sharp jump in annual profit for 2025, fueled by strong investment returns and a shift toward higher-value products, although premium growth slowed amid an industry-wide transition. Net profit attributable to shareholders rose 44.1 percent year-on-year to 154.08 billion yuan ($21.2 billion) in…
The Industrial and Commercial Bank of China (ICBC), the nation’s largest State-owned commercial lender, reinforced the quality of its earnings in 2025, delivering steady growth while strengthening the resilience and sustainability of its profit base. ICBC reported an operating income of 801.4 billion yuan ($116 billion), up 1.9 percent year-on-year, with net profit rising 1…
The Yili Nutrition and Health Research Center and the White Paper on the Health and Nutritional Status of Chinese Adults 2.0 is launched in Boao, Hainan province, on March 26. [Photo provided to chinadaily.com.cn] China is experiencing a profound demographic shift as its population rapidly ages, prompting food giants and health experts to turn to…
Beverage giant PepsiCo said it is betting on China’s evolving consumer landscape and rapid adoption of advanced technologies to drive its next phase of growth, as the country promotes domestic consumption as a strategic priority. Chairman and CEO Ramon Laguarta said the US-based company’s long-term strategy aligns closely with the country’s 15th Five-Year Plan (2026-30),…
China serves not only as a rewarding market for multinational companies, but also increasingly as a reliable and vital production base and innovation hub amid the fast-evolving global economic landscape, a senior executive from Merck, one of the world’s leading research-intensive biopharmaceutical companies, told China Daily. “Speed does matter when talking about global supply chains…
[Photo provided to chinadaily.com.cn] Amap on Friday launched a data-driven tourism initiative alongside what it called the world’s first city-level “Flying Street View” in Macao, as the Chinese mapping giant deepens its push into AI-powered travel services. Backed by Macao’s tourism authority, the event — held at The Londoner Macao — included the signing of…
China’s 15th Five-Year Plan (2026–30) presents ample opportunities for multinational corporations, particularly as AkzoNobel’s business in China is highly aligned with the country’s development outlook, said a senior executive of the Dutch paints and coatings company. “The Chinese market is the most important for AkzoNobel and our largest single market globally. Our decision to establish…
The Overseas Investment Fair 2026 opens in Shanghai on Thursday. [Photo provided to chinadaily.com.cn] Shanghai enterprises are embracing collaborative strategies for global expansion amid complex international markets, according to business leaders participating in the Overseas Investment Fair (OIF) 2026. “We’re no longer in an era of solo expeditions for Chinese companies going global,” said Chen…