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Wuchang Shipbuilding eyes bigger global biz

French agricultural giant Louis Dreyfus Armateurs order of a deck cargo ship from a Chinese shipbuilder may soon be delivered as it recently commenced mooring trials in China, marking the 17th ship order of this kind. The 17 orders of 13,000-metric-ton deck cargo ships also helped Wuchang Shipbuilding Industry Group in Hubei province solidify its…

Four young guns share secrets to successful startups

At what age do people become entrepreneurs? A Harvard Business School study suggests that 42 is the magic age of successful startup founders. In China, research by the Chinese Academy of Social Sciences shows nearly 40 percent of entrepreneurs start their businesses between the ages of 36 and 44. “The younger generation is optimistic that…

Private firms to gain from nuclear power

The State Council’s recent approval for five nuclear power projects, each allocating 10 percent of shares to attract private capital, fully demonstrates the government’s determination to support the sustainable and healthy development of private enterprises, said industry experts. The nuclear power projects were approved with a total investment exceeding 240 billion yuan ($34.20 billion), of…

AstraZeneca expanding research and development pipeline in China

AstraZeneca, a United Kingdom-headquartered pharmaceutical company, showcases its cutting-edge products and solutions at the sixth China International Import Expo. [Photo/China Daily] AstraZeneca, a United Kingdom-based biopharmaceutical giant, will add 10 to 15 new projects to the company’s research and development pipeline in China each year, reflecting its increased investment and level of commitment in the…

State Grid ensures holiday power use

Dai Hongtao, an operation and maintenance personnel from the State Grid Anhui Electric Power Ma’anshan Power Supply Company, along with his colleagues, inspected the foundation of the 110kV main transformer located near the Wujiang River. [Photo provided to chinadaily.com.cn] In the prefecture-level city of Anyang in northern Henan province, ensuring ample electricity supply for the…

SHUA making workouts more user-friendly

A view of the booth of SHUA Fitness during an expo in Shanghai. CHINA DAILY SHUA Fitness, a Jinjiang, Fujian province-based fitness equipment supplier, has stepped up the upgrade of its products by giving full play to emerging technologies — from ergonomic engineering to the internet of things — aimed at continuously increasing its market…

Aroma of Yunnan beans attracts coffee lovers in metropolis

Consumers try beans from Baoshan, Yunnan at a Baoshan Bestain Coffee store in Shanghai. CHINA DAILY With high-quality coffee beans, Southwest China’s Yunnan province has jumped on opportunities to grow its coffee business in Shanghai — a metropolis that has the largest number of coffee shops globally. Among the first batch of Yunnan coffee players to…

Farmers in Southwest China province reap juicy gains from vegetable

A farmer harvests celery at a plantation in Tonghai county, Yunnan province. CHINA DAILY Exports of organic vegetables have become an economic driver in Yunnan province, providing more opportunities for local vegetable retailers. Yunnan Mr. Yunling Agricultural Development Co Ltd has been exporting vegetable products to markets including Hong Kong and Macao special administrative regions and…

China Post tops global postal operators by revenue, profits

A China Post courier arranges packages at a community in Lhasa, Xizang autonomous region. [PALDEN NYIMA/CHINA DAILY] BEIJING – China Post ranked first among global postal operators by both revenue and profits in the 2024 Fortune Global 500 list, according to company sources on Wednesday. Liu Aili, chairman of China Post Group Corporation Limited, said…

Bayer opens life sciences incubator in Shanghai

A view of Bayer’s booth at an expo in Shanghai. [Photo/China Daily] Upbeat about China’s innovative pharmaceutical market, German life sciences company Bayer has said it will keep investing in China and looks forward to more collaborations with local partners. “China has become an increasingly important source of innovation in global life sciences. It is…