On Monday, Vale and Jinnan Iron & Steel Group announced a joint partnership to establish an iron ore concentration plant in Sohar Port and Freezone in Oman. With the initial investment exceeding $600 million, the facility will supply high-quality iron ore for the production of pellets and briquettes in the region. This will be key…
A Mastercard cardholder passes through the gate at the Daxing Airport subway station in Beijing. [CHINA DAILY] Global payments technology company Mastercard has launched more than 50 bankcard programs in China via its new joint venture as the second foreign player in the domestic bankcard clearing sector, further benefiting from the continuous financial opening-up of…
Visitors check out China National Offshore Oil Corp’s deepwater drilling platform model during an expo in Beijing in July. CHEN XIAOGEN/FOR CHINA DAILY China National Offshore Oil Corp recently completed the world’s longest-ever shipment of liquid hydrogen, which traveled from Europe to China and was completed on Tuesday, marking a significant milestone in global energy transport.…
Apple CEO Tim Cook addresses the media next to the company’s new Vision Pro augmented reality headset at the Apple Park campus in Cupertino, California. [Photo/Agencies] BEIJING — Apple CEO Tim Cook on Wednesday pledged to increase investment in China during his Beijing visit, which analysts believe highlights the importance of the Chinese market to…
A giant model of a Subway sandwich is seen in Shanghai in May 2023. [WANG GANG/FOR CHINA DAILY] SHANGHAI – Sandwich chain Subway on Tuesday announced the opening of its 4,000th store in the Asia-Pacific region, which is located in East China’s Shanghai municipality. This opening marks a key step in the brand’s accelerated expansion…
A Mastercard cardholder passes through the gate at the Daxing Airport subway station in Beijing. [CHINA DAILY] According to Mastercard’s 2024 Travel Trends report, global tourism is booming. Nine out of the past 10 record-setting spending days in the global cruise and airline industries occurred this year, and the Mastercard Economics Institute anticipates the trend…
An employee from the second drilling unit of CNPC Greatwall Drilling Co works on a drilling site in the Gulong shale oil formation in Daqing, Heilongjiang province, in late September.[CHINA DAILY] The second drilling unit of CNPC Greatwall Drilling Co completed a drilling task in the Gulong shale oil formation in Daqing, Heilongjiang province, in…
Apple CEO Tim Cook addresses the media next to the company’s new Vision Pro augmented reality headset at the Apple Park campus in Cupertino, California. [Photo/Agencies] BEIJING – Apple CEO Tim Cook pledged on Friday to continue to increase investment in China in areas such as supply chain and research and development. Cook made the…
German Foreign Minister Annalena Baerbock (second right) visits the Tianjin factory of Flender Group on April 13, 2023. [CHINA DAILY] TIANJIN — Over the past 28 years, Flender, a leading global supplier of mechanical drive systems, has flourished in Tianjin, growing from a small workshop with a dozen employees to a sprawling 255,000-square-meter facility with…
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong. [Photo/Agencies] China Petroleum & Chemical Corp has achieved a record-breaking single-well peak daily oil production of 262.8 metric tons at their Jiyang shale oil demonstration zone in Shandong province, setting a new national record for shale oil daily production…