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BOE ramps up R&D, AI integration; seeks growth drivers in emerging biz

Visitors check out a BOE display during a high-tech expo in Beijing in September.[SONG YU/FOR CHINA DAILY] BOE Technology Group Co Ltd, a major Chinese display panel maker, is expanding its presence in emerging business segments like solar cells, and bolstering the integration of artificial intelligence technology with manufacturing, operation and products to achieve sustainable…

Appliance makers Midea, Hisense in strategic partnership

Chinese home appliance manufacturers Midea Group and Hisense Group sign a strategic cooperation agreement. [Photo provided to chinadaily.com.cn] Chinese home appliance manufacturers Midea Group and Hisense Group on Wednesday inked a strategic partnership to collaborate in multiple fields, such as artificial intelligence applications, global advanced manufacturing and smart logistics. The two sides will conduct extensive…

Labubu craze accelerates Pop Mart’s global ambitions

Consumers check out Labubu figures at a Pop Mart store in the Siam Center shopping mall in Bangkok on Tuesday. LILLIAN SUWANRUMPHA/AFP Pop Mart International Group Ltd, a China-based trendy collectible toy maker, is banking on the new global craze surrounding its plush product series of Labubu figures, the company’s beloved intellectual property under The…

Legoland Shanghai Resort to open in July

An aerial image shows the construction of Legoland Shanghai. Located in Shanghai’s Jinshan district, the 318,000-square-meter resort will become the biggest Legoland at opening in the world. [CHINA DAILY] British entertainment group Merlin Entertainments announced on Wednesday that Legoland Shanghai Resort will welcome its first visitors on July 5, marking the debut of what will…

New direct air route links South China’s Haikou, London

Staff members of Hainan Airlines check in passengers bound for London, at Haikou Meilan International Airport in South China’s Hainan province, on May 7, 2025. Flight HU7911 took off from Haikou Meilan International Airport in Hainan province, bound for London, UK, marking the official launch of the regular passenger route between Haikou and London. [Photo/VCG]…

German firms to beef up localization

Employees work on an auto production line of Volkswagen in Hefei, capital of Anhui province. CHEN ZHUO/FOR CHINA DAILY Nearly 40 percent of German companies said they plan to accelerate their localization in China, in the wake of recent trade conflict escalation between the United States and China, a survey by the German Chamber of Commerce…

Pangdonglai retail chain, blogger, in social media spat

Consumers are seen at a retail complex operated by Pangdonglai in Xuchang, Henan province, on April 28. [NIU SHUPEI/FOR CHINA DAILY] Pangdonglai, a widely known retail chain despite operating just 13 stores in a mere two cities in Henan province, shut down its official website on Tuesday. The shutdown was seen by many as linked…

Over 80% of firms listed on Beijing bourse report profits in 2024

BEIJING – Companies listed on the Beijing Stock Exchange posted stable performances in 2024, with over 80 percent achieving profitability, the stock exchange said on Tuesday. Its data shows that the 265 companies listed on the exchange accumulated total operating revenues of 180.85 billion yuan ($25.12 billion) last year, with profits coming in at 11.03…

Chinese, Singaporean firms partner to boost smart future for Singapore

China-based Inspur Intelligent Terminal Co Ltd, a global provider of industry-specific intelligent terminal services with market presence covering over 30 countries and regions, has partnered with two leading Singaporean firms to help drive digital transformation in Singapore and Southeast Asia and empower smart living. Inspur Intelligent Terminal officially has entered into a deep strategic cooperation…

China-US competition: The winner is clear

In an exclusive interview with China Perspectives, Justin Yifu Lin, former chief economist of the World Bank, said, given the limited resources, China allocates them to support high-productivity industries, while the US directs resources to sectors that lower its productivity. “In such a competition, the eventual winner is clear,” he said. Reporters: Liu Zhihua, Liu…