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Global firms foresee fairer biz environment

From left to right: Ma Jun, senior vice-president of Volvo Group, and president of Volvo (China) Investment Co Ltd;  Yu Yongjian, TotalEnergies China country chair; Ian Shih, president of Rockwell Automation China; Hideki Ozawa, executive vice-president of Canon, and president & CEO of Canon China. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as…

Cochlear executive: Excited about opportunities in China

“We are very excited about the opportunities in China. The policies that we see being implemented continue to encourage companies like us to invest and grow here, that’s something we are very keen to do,” Stu Sayers, president of Asia-Pacific and Latin America, Cochlear Ltd, an Australian company focusing on implantable hearing solutions, said in…

Haier to sharpen focus on tech innovation, new quality productive forces

Chinese home appliance manufacturer Haier Group will strive for technological innovation and bolster the development of new quality productive forces while contributing to the building of China’s strength in manufacturing, said Zhou Yunjie, chairman and CEO of the company. Zhou, who is a deputy to the 14th National People’s Congress, China’s top legislature, said Haier…

Phonak launches AI-based hearing aid device

Phonak, a brand of Switzerland-based multinational hearing solutions provider Sonova, has launched a new family of hearing aid devices based on its innovative Infinio platform in China, aiming to help more people with hearing loss in the country. As understanding speech amid background noise remains the biggest challenge for people with hearing loss, the devices…

German companies stay bullish on China market

Logo of Bayer Group is pictured outside a plant. [Photo provided to China Daily] HANGZHOU – Ma Jishen was excited to see Bayer, the German healthcare and agribusiness giant, achieve the designed production capacity in just over a month at its new factory, where he serves as director. The Bayer Crop Science Hangzhou Production Site,…

Baidu plans to issue $1.4b of offshore bonds

An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese tech heavyweight Baidu Inc plans to issue about 10 billion yuan ($1.4 billion) of bonds offshore, according to a report from Bloomberg. The deal will consist of a 5-year note to yield 2.6 percent to 2.8 percent, and…

Qilu Bank brings benefits to customers via financial tools

During the campaign to use financial tools to support the development of the real economy, Qilu Bank has become a representative example for supporting the development of small and micro-sized enterprises through practical action. At the end of last year, a Jinan resident surnamed Qiao, a small business owner in Changqing district engaged in the…

CNOOC makes major breakthrough in South China Sea

CNOOC Limited announced on Thursday that it has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin. The Weizhou 10-5 oil and gas field is located in the Beibu Gulf of the South China Sea, with an average water depth of about 37 meters. Exploration well WZ10-5-1Sa encountered an…

Grupo Bimbo bullish on China’s market potential

Runners seen at the starting point of the Bimbo Global Race 2024 at Beijing Olympic Park on Sept 28. [CHINA DAILY] Grupo Bimbo, a Mexican multinational food company, is deepening its footprint in China with significant investments and strategic initiatives aimed at capitalizing on the country’s massive market potential, signaling optimism about the country’s long-term…