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…
Billionaire investor Warren Buffett and Apple CEO Tim Cook have joined a chorus of business leaders warning against Washington’s tariff-driven trade policies, highlighting that they are inflating costs for companies in the United States and harming economic growth. Their remarks show that even large corporations with diversified supply chains, like Apple, are feeling the strain,…
Chongqing Brewery Company, representing Carlsberg China, reports increases in sales volume and operating revenue in the first quarter of 2025. [Photo provided to chinadaily.com.cn] Introduction of multiple new products and packaging have helped Chongqing Brewery Company, a brewer based in Chongqing in Southwest China, to record increases in sales volume and operating revenue in the…
In April, the company rolled out its iconic “Share a Coke” campaign, designed to resonate with the younger generation’s desire for authentic social interactions. [Photo provided to chinadaily.com.cn] Global beverage producer The Coca-Cola Company posted first-quarter earnings for 2025, with global unit case volume up 2 percent year-on-year, driven by the markets including China. In…
US retailer Walmart has resumed product sourcing from some Chinese suppliers, marking a shift in its procurement strategy amid rising inventory pressure and looming price hikes for consumers in the United States, according to Chinese suppliers. Mu Longsheng, director of Pesitro Healthcare Products — a longtime Walmart supplier in Jiangsu province — said the US…
“It’s only when you have a level playing field that you can actually access opportunities both ways, that’s where the company benefits from being in China and China benefits from having the company in China,” Christian Levin, CEO of TRATON SE, said in an interview with China Daily. “And this is where we saw a…
Visitors get to know the “deep sleep cabin “from Air Nutri Solution Inc, a Vancouver, Canada-based non-medicinal sleep solutions provider, during the China International Consumer Products Expo 2025 in Haikou, Hainan province, in April. [LUO YUNFEI/CHINA NEWS SERVICE] By leveraging policy advantages and adopting innovative approaches, both Chinese as well as foreign businesses are expanding…
China National Offshore Oil Corporation operates an offshore drilling rig in an oil field in the Bohai Sea. CHINA DAILY CNOOC Limited saw its first-quarter net profit drop 7.9 percent to 36.56 billion yuan, weighed by weaker oil prices, while revenue during the period reached 106.85 billion yuan, down 4.1 percent year-on-year, according to the…
Technicians of PetroChina check manufacturing equipment at a natural gas purifying plant in Suining, Southwest China’s Sichuan province. [Photo by Liu Changsong/For China Daily] China’s top energy producer PetroChina posted a 2.3 percent rise in first-quarter profit on Tuesday, partly due to higher natural gas output. Profit attributable to owners of the company rose to…
Shoppers browse products at Wumart’s renovated store in Beijing on Friday. WANG HAIXIN/FOR CHINA DAILY Wumart Group, a leading retailer based in Beijing, has begun introducing the first assortment of products sourced from exporting enterprises in its retail channel as part of a larger effort by retailers across the country to reduce inventory pressure on…