The high-voltage power grid stretches across the grasslands of Inner Mongolia autonomous region. [Photo provided to chinadaily.com.cn]] In 2024, Inner Mongolia autonomous region, one of China’s key energy-producing regions, transmitted 315 billion kilowatt-hours of electricity to other provinces and municipalities, securing its position as the nation’s top electricity exporter. This strong momentum has continued into…
The launch ceremony of Bayer E-Town Open Innovation Center is held in Beijing on Monday. [Photo provided to China Daily] Germany-based life sciences giant Bayer unveiled Bayer E-Town Open Innovation Center in Beijing on Monday, adding another tier to the company’s long-term commitment to Chinese healthcare. “This is another significant milestone for Bayer Pharmaceuticals in…
With the formal implementation of the new national standards, GB43854-2024 Safety Technical Specification of Lithium-ion Battery for Electric Bicycle and GB40559-2024 Lithium-ion Cells and Batteries Used in Electric Self-Balancing Vehicle and Scooters — Safety Technical Specification, the electric two-wheeled vehicle market is advancing toward greater standardization and regulation. In response to these developments, BAK Battery…
Despite the challenges and difficulties ahead, China still enjoys favorable conditions and factors to sustain steady growth, Lou Qinjian, spokesman for the third session of the 14th National People’s Congress, said at a news conference on Tuesday. He expressed optimism and confidence about China’s economic prospects, saying “the underlying trend of long-term growth and the…
Zhuyeqing Tea, a major green tea maker in Southwest China’s Sichuan province, said the nation’s tea consumption market is undergoing significant changes, and it will further strengthen cooperation with e-commerce platforms to meet growing demand from young consumers. In addition to drinking milk tea and fruit tea, young Chinese consumers have been more interested in…
A Mixue mascot strikes a gong during the company’s listing ceremony at the Hong Kong bourse on Monday. LAM YIK/REUTERS Mixue Group, Chinese mainland’s largest fresh drinks producer by retail market share, made a strong debut on the Hong Kong stock exchange, opening 29 percent above its initial public offering price at HK$262 ($33.59) per share.…
Diners wait for food at a Domino’s Pizza outlet in Yangzhou, Jiangsu province, in July. CHEN YANG/FOR CHINA DAILY US-based Domino’s Pizza Inc, the world’s largest pizza company in terms of revenue, said it plans to further expand its footprint in China by opening more than 600 stores through 2026 as the pizza chain works to…
With China creating more favorable conditions for multinational corporations to attract foreign investment, Mondelez International Inc, the United States snack food manufacturer, plans to seize more opportunities from the country’s consumption upgrade and innovation strength. “China is a land of opportunity for Mondelez, and I deeply cherish the bond we share with this market. If…
The skyline of Beijing. [Photo/VCG] BEIJING – Beijing saw the establishment of 2,012 new foreign-invested enterprises in 2024, marking a 16.4 percent year-on-year increase, according to the Beijing Municipal Commerce Bureau. This growth rate surpassed the national average by 6.5 percentage points, said Guo Wenjie, deputy director of the bureau. The capital city has implemented…
An image shows an offshore wind farm in Guangdong province. As of the third quarter of 2024, a total of 39.1 million kilowatts of offshore wind power capacity in China had been connected to the grid. ZHOU GUOQIANG/FOR CHINA DAILY ACWA Power, a Riyadh, Saudi Arabia-based energy and water desalination giant, is set to deepen its…