China National Petroleum Corp’s Changqing oilfield announced on Thursday that its annual oil and gas equivalent production has exceeded 60 million metric tons. This marks the sixth consecutive year the field has maintained this output level since first achieving the 60 million ton status in 2020, cementing its position as China’s largest ultra-large oil and…
Visitors gather at Quaker’s booth at a shopping center in Shenzhen, Guangdong province. CHINA DAILY To meet rising consumer demand for functional foods and address growing concerns over digestive health, Quaker, a US cereal brand under PepsiCo, launched its first fermented instant oatmeal product in China, which the company said marked a crucial step for…
Chinese vaccine company Sinovac Biotech has signed two product development partnership (PDP) agreements with Brazil’s health ministry, launching a 10-year collaboration worth more than $700 million. As the first Chinese vaccine manufacturer to win a PDP project in Brazil, the company will work with local partners Tecpar Institute and Eurofarma to build a vaccine industry…
The sixth China-Russia Small and Medium-sized Enterprises Forum convened on Monday in Xi’an, Shaanxi province. [Photo provided to chinadaily.com.cn] The sixth China-Russia Small and Medium-sized Enterprises Forum convened on Monday in Xi’an, Shaanxi province, bringing together officials and business representatives to explore new areas of cooperation. A related conference examined opportunities in cultural tourism, film…
Spanish fashion brand Massimo Dutti has launched its pop-up store, “The Order of Things”, in Xintiandi, Shanghai, which will run from November 22 to 30, as part of its continuous efforts to strengthen its reach and enhance connections with local consumers through innovative experiences. The immersive space promises a unique exploration of style where order…
China’s implementation of large-scale equipment upgrades and consumer goods trade-in programs will effectively attract global capital and boost consumption, supporting growth in the near term and reinforcing the economy over the long run, senior executives of foreign firms said on Tuesday. They said that by stimulating both production and demand, these initiatives are emerging as…
China’s 15th Five-Year Plan (2026-30) has a strong focus on innovation and sustainable growth, offering foreign firms in China more opportunities to develop in the country, said Marc Horn, president of Merck China. “For us, the plan means being more digital, greener and healthier. If you look at different focal areas, including biopharma, new materials,…
Chinese tech giant Alibaba Group Holding Ltd said on Tuesday night that its revenue stood at 247.8 billion yuan ($34.8 billion) during the July-September period, an increase of 5 percent year-on-year, with its core artificial intelligence-powered cloud and e-commerce businesses delivering strong growth. “We have entered into an investment phase to build long-term strategic value…
A view of the booth of China Tower Corp during an expo in Beijing. GUO HAIPENG/FOR CHINA DAILY One of China’s major telecom infrastructure companies is pressing ahead with a new wave of digital infrastructure upgrades, as the country accelerates efforts to strengthen the foundations for its next stage of high-quality growth, said company and…
Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba, announced on Tuesday its support for the latest version of a large language model developed by AI Singapore (AISG), in what is a significant expansion of China’s open-source AI models on the global stage. The newly launched LLM Qwen-SEA-LION-v4 is based on Alibaba’s Qwen3-32B…