BEIJING — A total of 8,631 new foreign-invested firms were established across China in the first two months of the year, marking an increase of 14 percent year-on-year, the Ministry of Commerce said Friday. During the same period, actual use of foreign direct investment (FDI) in the Chinese mainland totaled 161.45 billion yuan ($23.43 billion),…
Nestlé CEO Philipp Navratil has said he has nothing to add to market “rumors” about a potential sale of the company’s Blue Bottle Coffee brand. “There were some rumors, so nothing to comment on at the moment,” Navratil said Monday during his visit to Beijing for the China Development Forum 2026. “Blue Bottle is a…
BEIJING — China Huadian Corporation Ltd announced on Saturday that the country’s first 550-megawatt F-class gas turbine unit has officially started generating power after completing 168 hours of full-load operation, marking a new breakthrough in the application of large-capacity, high-efficiency clean energy equipment. The unit is part of the Huadian Chongqing Tongnan gas power project…
MTR invests in CRRC Guangdong. CHINA DAILY The China Development Forum 2026 started in Beijing on Sunday, bringing together global business leaders and policymakers to explore sustainable economic growth under China’s 15th Five-Year Plan (2026-30). Among the distinguished speakers, Jacob Kam, chairman of MTR Corp, highlighted the Hong Kong-based railway operator’s two-decade journey contributing to…
Laopu Gold Co Ltd has reported a rise in annual sales. In its preliminary earnings announcement, the company estimated tax-inclusive sales of 31 billion yuan ($4.5 billion) to 32 billion yuan, up 216 percent to 227 percent year-on-year. Net revenue is expected at 27 billion yuan to 28 billion yuan, while net profit is forecast…
Patrick Horber Novartis, an innovative medicines company based in Basel, Switzerland, will continue to boost its multidimensional investment strategy in China, by expanding innovation, building manufacturing capacity and increasing collaborative research and development, in order to grow together with the Chinese biopharmaceutical industry, a senior executive said. Reflecting the pharmaceutical company’s investment and focus on…
Representatives of Chinese and German enterprises exchange ideas during a German CEO delegation’s visit to Chongqing earlier this week. HE PENGLEI / CHINA NEWS SERVICE More German companies are looking for business opportunities in western China, as a delegation of business leaders from the European nation visited Southwest China’s Chongqing on Wednesday to deepen their…
Molly’s 20th Anniversary Exhibition, co-organized by Pop Mart and artist Kenny Wong, will open at Shanghai’s Fosun Foundation on Saturday and run until May 10, marking the largest offline showcase of the iconic IP on its world tour. [Photo provided to chinadaily.com.cn] The Molly 20th Anniversary Exhibition, co-organized by Pop Mart and Hong Kong artist…
Tim Cook, CEO of Apple, said Friday that China still accounts for the vast majority of the company’s global supply chain, with 80 of its top 100 suppliers operating in the country. Cook made the remarks during a meeting with China’s Commerce Minister Wang Wentao in Beijing. He said Apple focuses not only on supply…
China Petroleum and Chemical Corp (Sinopec) reached a cumulative liquefied natural gas (LNG) refueling volume of over 17 million metric tons since the start of the 14th Five-Year Plan (2021-25) period, the company said on Friday.The use of LNG has resulted in a reduction of 15 million tons of carbon dioxide emissions compared to traditional…