Employees of Ningxia Jiafeng Chemicals inspect equipment at a production facility in Shizuishan, Ningxia Hui autonomous region. CHINA DAILY Ningxia Jiafeng Chemicals Co Ltd is rapidly consolidating its position in the global supply chain for a key diabetes drug ingredient, and the company anticipates a public listing, said its chairman in an interview with China…
China will remain a strategic anchor for ABB Group, evolving from a key market into a major hub for advanced manufacturing and innovation, as the country accelerates its shift toward green and technology-driven growth, said the company’s top executive. Morten Wierod, CEO of the Swiss tech company, said ABB sees strong alignment between its strategic…
Chinese consumer brands — no longer mere followers but global trendsetters — edged out stiff international competition to win a number of honors at the Mintel Most Innovative 2026 awards, highlighting the market’s growing influence on product innovation worldwide, the marketing research company said. Of the 72 winning products covering consumer-packaged goods from the beauty,…
China CITIC Bank recorded a net profit attributable to its shareholders of 70.62 billion yuan ($10.24 billion) in 2025, up 2.98 percent year-on-year. The nationwide joint-stock commercial lender combined efforts to stabilize income and reduce costs to create more room for profit growth last year, Fang Heying, chairman of China CITIC Bank, said. Looking ahead,…
Swiss pharmaceutical company Novartis is to expand its research and development, manufacturing capacity and operations footprint in China, with planned investment of more than 3.3 billion yuan ($460 million), a gathering in Beijing has heard. The announcement came as the China Development Forum annual meeting opened in Beijing on Sunday, with Vas Narasimhan, the chief…
Andaz Shanghai ITC, a luxury lifestyle hotel, opened on Friday in the Xuhui district as part of the ITC complex. [Photo provided to chinadaily.com.cn] Andaz Shanghai ITC, a luxury lifestyle hotel, opened in the Xuhui district as part of the ITC complex by Sun Hung Kai Properties. Spanning over 700,000 square meters, Andaz Shanghai ITC follows…
China Petroleum and Chemical Corp (Sinopec) reported a net profit of 31.81 billion yuan ($4.6 billion) attributable to its shareholders for the fiscal year 2025, according to its annual report released on Sunday. The State-owned energy giant’s total revenue for the year reached 2.78 trillion yuan. In 2025, Sinopec optimized its refining and chemical operations…
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…