ACWA Power, a Riyadh, Saudi Arabia-based energy and water desalination giant, is set to expand its presence in China’s burgeoning renewable energy market by securing investment agreements for over 1 gigawatt of renewable energy projects across multiple provinces. As a formal entry into China’s renewable energy market, the company has partnered with two of China’s…
A worker checks the packaging of oyster sauce bottles on a production line at a factory owned by Lee Kum Kee Group in Jiangmen, Guangdong province. [Photo provided to chinadaily.com.cn] As the Year of the Snake approaches, Lee Kum Kee Group, the Hong Kong-based food manufacturer, introduced its new brand positioning – “enabling superior experiences…
Edward Cui Yibin, president of Vertiv Greater China. [Photo provided to chinadaily.com.cn] Vertiv, a global provider of critical digital infrastructure, is gearing up efforts to transform traditional data center architectures into AI factories capable of powering AI applications and accelerating digitalization across major industries in China. Edward Cui Yibin, president of Vertiv Greater China, said…
Sean Shan Upbeat about China’s innovative digital business environment, Takeda continues to invest in the country as it ramps up efforts to turn China into a global source of innovation for biomedicine. On Monday, the company signed an investment cooperation agreement with the administrative committee of Chengdu High-tech Industrial Development Zone to establish the Takeda…
Employees work at a workshop of an automobile enterprise in Guiyang, Southwest China’s Guizhou province, Dec 11, 2024. [Photo/Xinhua] DAVOS, Switzerland — Measured by market size and growth rate, China is still full of opportunities and worthy of investment by global companies, said Joe Ngai, chairman of McKinsey & Company in Greater China, a worldwide…
DAVOS, Switzerland — China continues to be a steadfast force in advancing multilateral economic and trade cooperation worldwide, said Patrick Tsang, chief executive officer of Deloitte China, emphasizing the country’s significant contributions to global trade, investment, and the green and digital economy. “China has consistently unleashed domestic demand and created opportunities for global goods and…
Workers install solar panels in rural Yinchuan, Ningxia Hui autonomous region. YUAN HONGYAN/FOR CHINA DAILY CHN Energy Investment Group is on track to step up investment in renewable energy and clean utilization of coal this year, after the group’s renewable energy installed capacity hit a record high in 2024. Last year, the company’s newly installed and…
The comeback of TikTok, a popular social media app owned by Chinese tech company ByteDance, in the United States after a brief weekend outage signals the video-sharing site is capable of seeking out solutions through consultation and cooperation to ensure its legal operation in the face of regulatory challenges in the country, experts said on…
Flight O3144 carrying 35 tons of Norwegian salmon arrives at Ezhou Huahu International Airport on Jan 16, marking Eastern Air Logistics’ first regular chartered flight for fresh products between Europe and China. [Photo provided to chinadaily.com.cn] With the smooth arrival of flight O3144 carrying 35 tons of Norwegian salmon at Ezhou Huahu International Airport in…
The flight FM871 with 237 passengers onboard is welcomed by a conventional water salute while landing at Casablanca Mohammed V International Airport on Jan 19, marking China Eastern Air Holding Co Ltd’s Shanghai Airlines had become the first operator to offer regular flights between East China cosmopolitan Shanghai and Casablanca, Morocco. [Photo provided to China…