HAMBURG, Germany — German fashion brand Tom Tailor is preparing to attend this year’s China International Import Expo (CIIE) in a bid to explore new market opportunities and strengthen its foothold in China’s expansive consumer market. At a promotional event here for the 8th CIIE on Thursday, Tom Tailor’s CEO Gernot Lenz highlighted the expo’s…
Robots seen on the assembly line of automaker FAW Group in Changchun, Jilin province. [Photo/Xinhua] BEIJING – The profits of China’s centrally-administered State-owned enterprises (SOEs) registered steady growth in 2024, the country’s top state assets regulator said on Friday. Total profits of China’s central SOEs reached 2.6 trillion yuan ($361.7 billion) last year, according to…
SHENZHEN — Siemens Healthineers, a German health technology company, has begun construction on a new manufacturing and research facility in South China’s technology hub Shenzhen. With a total investment exceeding 1 billion yuan (about $139.12 million), the new facility will cover 63,000 square meters and is expected to be operational by the end of 2027.…
CNOOC Limited announced that Dongfang 29-1 gas field development project has commenced production on Monday. Located in the Yinggehai Basin with an average water depth of about 68 meters, the project, including a new unmanned wellhead platform and a submarine pipeline, is expected to achieve a peak production of 38 million cubic feet of natural…
Swiss Re continues to see China as an attractive investment destination, as the country is still on track of robust economic growth by global standards despite rising external uncertainties, said Jerome Jean Haegeli, group chief economist of the international reinsurance provider. “We remain committed to being here (in China) for the long term, and we…
Visitors gather at DHL’s booth during the seventh China International Import Expo in Shanghai in November. HU XUEBAI/FOR CHINA DAILY China’s push to strengthen foreign trade through new policies presents fresh opportunities for logistics firms like DHL to expand, with the company reaffirming its long-term commitment to the market, said DHL Group CEO Tobias Meyer.…
XCA4000, the world’s largest wheeled crane by lifting capacity that is manufactured by XCMG. [Photo/Xinhua] When I first met Li Ge, an engineer at Xuzhou Construction Machinery Group, he was deeply engrossed in work. A staff member who brought me in asked if an interview could be arranged, but Li was hesitant at first, citing…
Starbucks China has clarified the introduction of new operational guidelines, which require a purchase for its store visits, is specific to the North American market. “In China, we are focused on serving high-quality coffee, and continuously reinvigorating the ‘third-place’, to deliver a unique Starbucks experience to our customers while enhancing human connections,” the company said…
A COMAC C919 performs at an airshow in Singapore, on Feb 20, 2024. [Photo/Xinhua] The Shanghai-based Commercial Aircraft Corporation of China Ltd (COMAC) intends to invest 10 billion yuan ($1.36 billion) annually in research and development in Shanghai in the upcoming three years, along with another 10 billion yuan annually in fixed asset investments in…
The energy industry is experiencing a surge in digital and intelligent transformation driven by technological advancements. CHINT Group, a company based in Zhejiang province, is contributing to this transformation by utilizing its green and low-carbon sector expertise to enhance productivity within the energy industry. According to Nan Cunhui, chairman of CHINT Group, the company’s “methodology”…