An outlet of Starbucks in China. [PHOTO/CHINA DAILY] Starbucks China has reported stronger performance from its newly-opened county-level stores compared to those in higher-tier cities, reinforcing its penetration strategy despite a decline in store sales due to heightened competition. The company is exploring “strategic partnerships” in China. In the fourth quarter, the company’s revenue in…
A drone photo taken on Oct. 30, 2024 shows a view of an intelligent manufacturing base under China Offshore Oil Engineering Company in north China’s Tianjin. [Photo/Xinhua] TIANJIN — China’s first intelligent manufacturing base for offshore oil and gas equipment was put into full operation on Wednesday in North China’s Tianjin municipality. Covering an area…
WUHAN — A direct all-cargo air route between Hubei province in Central China and Hong Kong Special Administrative Region was launched on Wednesday, according to SF Airlines. On Wednesday morning, a Boeing 737-400 freighter took off from the Ezhou Huahu International Airport in Hubei, China’s first cargo-focused airport. It is also the airport’s first all-cargo…
AstraZeneca, a United Kingdom-headquartered pharmaceutical company, showcases its cutting-edge products and solutions at the sixth China International Import Expo. [Photo/China Daily] AstraZeneca China said on Wednesday evening that Leon Wang, executive vice-president, international and China unit president at AstraZeneca, is cooperating with an investigation in China. AstraZeneca said that AstraZeneca China is operating normally under…
CNOOC Limited has announced that its Mero3 project, located in the Santos Basin pre-salt southeastern offshore of Brazil, has commenced production on Thursday. The production capacity of the project is 180,000 barrels of crude oil per day, which will increase the installed production capacity of Mero field to 590,000 barrels of crude oil per day,…
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US-based restaurant chain Subway opens its 4,000th store in the Asia-Pacific region, in Shanghai on Tuesday. [GAO ERQIANG/CHINA DAILY] US-based restaurant chain Subway’s opening of its newest store in Shanghai, its 4,000th outlet in the Asia-Pacific region, on Tuesday indicates the brand’s confidence in the bright prospects of the China market, according to its top…
Chinese refiner Sinopec reported a decline in third-quarter net profit and revenue on Monday. The world’s largest refiner announced its capacity decrease, when it posted a 52.1 percent year-on-year decline in net profit to 8.54 billion yuan ($1.2 billion) for the third quarter while its revenue meanwhile was 790.4 billion yuan, down 9.8 percent from…
Chinese smartphone maker Oppo launched its Find X8 series in Chengdu, Sichuan province in October. [Photo provided to chinadaily.com.cn] Chinese smartphone maker Oppo launched on Thursday its Find X8 series featuring a camera system co-engineered with Swedish optics brand, Hasselblad, and said that the upcoming lineup is expected to be available both in China and…
As the harvest season peaks, fresh corn processing enterprises in Hezheng county, Linxia of Gansu province, are at their busiest. “This is the prime time for processing fresh corn in large quantities,” said the head of the Shengrong fruit corn planting base in Hezheng county. “Key steps like freshness preservation, washing, sterilization, and packaging all…