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Nasdaq celebrates Chinese New Year with closing bell

NEW YORK — Nasdaq, a major stock exchange in the world, celebrated the Chinese New Year on Monday afternoon by holding a closing bell ceremony in partnership with the Chinese Consulate General in New York. Marking the 16th year of celebrating the Spring Festival at Nasdaq, Chen Li, the Chinese consul general in New York,…

Chinese beauty brand Florasis launches a flagship store in Tokyo

A Japanese consumer experiences the products of Chinese beauty brand Florasis at its newly launched flagship store in Tokyo, on Jan 27, 2025. [Photo provided to chinadaily.com.cn] Huaxizi, or Florasis in English, a Chinese beauty brand with cultural and aesthetic attributes, launched its first overseas flagship store in Tokyo’s Ginza area on Monday, becoming the first…

Baker Hughes sees nation as ‘pillar’ of its global biz

Cao Yang Multinational energy company Baker Hughes is eyeing growing opportunities from China’s energy transition, expressing strong optimism about its development in the country and underscoring the nation’s critical role in supporting its global supply chain. “China is a key part of our global supply chain and an important pillar in maintaining our global competitiveness,”…

PepsiCo eyes major oat plant in Jiangsu

PepsiCo has partnered with Jiangsu Rilong Food Co Ltd to establish an oat production facility in Jiangsu province in an effort to optimize costs, enhance efficiency and strengthen its presence in China’s growing oat market. The move is seen as a response to the increasing health consciousness among Chinese consumers and rising demand for premium…

Douyin to build hospital in Beijing as it expands footprints in healthcare

[Photo/VCG] Chinese video-sharing platform Douyin, which is owned by tech behemoth ByteDance, will build a tertiary hospital in Chaoyang district, Beijing, as part of its broader push to march into the healthcare sector. The company’s proposal has been approved by the Beijing Municipal Health Commission. The hospital will be located at Zhongguancun Chaoyang Park, and is…

Power grid sees consumption rise 7.5% in southern China

An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. [Photo by Tan Kaixing/For China Daily] China Southern Power Grid, one of the country’s two major power grids, said its total electricity consumption across the five southern provinces of China exceeded 1.7 trillion kilowatt-hours (kWh) in 2024, marking a 7.5 percent year-on-year…

Florentia Village to expand in China market

Shoppers visit Tianjin’s Florentia Village. [Photo/Xinhua] Florentia Village, a luxury outlet operator based in Italy, is enhancing its footprint in China through strategic partnerships, digital transformation and physical expansion, according to Jacopo De Vena, managing director of Florentia Village and RDM Asia. The company recently signed a three-year collaboration agreement with Sichuan Fine Arts Institute…

Guvet expands market position through innovations

This year, Guvet, a domestic down jacket brand, expands its retail presence by opening pop-up boutique stores in Beijing and Shenyang, Liaoning province, to improve consumer engagement. [Photo provided to chinadaily.com.cn] Guvet, a high-end outdoor and down jacket domestic brand, is advancing its market position through product innovation, targeted consumer engagement and global expansion. Recently,…

China’s economic growth set to higher than global average

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 takes delivery of first A319neo with DPOS

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…