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Pizza Hut China debuts “little red hat” youth volunteer program in Beijing

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As food delivery riders become an increasingly important part of China’s urban service economy, Pizza Hut China has recently launched a youth volunteer initiative targeting this group in Beijing. The first Beijing activity of the “little red hat” youth volunteer program was held at a Pizza Hut outlet in the CBD area, where teenage volunteers prepared freshly made…

CNOOC’s Wenchang ORC power unit generates over 10m kWh of electricity

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The world’s first 5-megawatt (MW) class offshore high-temperature exhaust gas waste heat Organic Rankine Cycle (ORC) power generation unit has surpassed 10 million kilowatt-hours (kWh) in cumulative power generation at the Wenchang 9-7 oilfield on Tuesday, said its operator. Spearheaded by the research institute of China National Offshore Oil Corporation (CNOOC), the project marks the…

‘Invest in China’ to gain more traction

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A visitor poses for photo at an exhibition area showcasing co-branded UT products of Uniqlo and “Zootopia” which made their debut during the 8th CIIE in East China’s Shanghai, Nov 6, 2025. [Photo/Xinhua] Despite rising unilateralism and geopolitical tensions, China remains the largest engine of global economic growth, said Han Wenxiu, executive deputy director of…

Future unicorns in GBA unveiled at an event in Guangzhou

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A list of future unicorns in the Guangdong-Hong Kong-Macao Greater Bay is unveiled during an innovation and entrepreneurship achievements fair in Guangzhou, capital of Guangdong province, on Monday. [Photo provided to chinadaily.com.cn] A list of future unicorns in the Guangdong-Hong Kong-Macao Greater Bay was unveiled during an innovation and entrepreneurship achievements fair and an overseas talent…

SMEs becoming major driver of trade between China and Russia

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Small and medium-sized enterprises are increasingly becoming a key driver of trade growth between China and Russia, experts said on Friday at a forum held in Nanchang, capital of East China’s Jiangxi province. The 12th China-Russia SME Cooperation Roundtable brought together more than 120 companies from both countries to explore new business opportunities. The event…

China marks key milestone in developing complex deepwater oil and gas reservoirs

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China National Offshore Oil Corporation announced Sunday that the secondary development project of the Liuhua Oilfield, the country’s first deepwater oilfield, has fully commenced operation, a major breakthrough in China’s ability to develop complex deepwater oil and gas reservoirs. Located in the Pearl River Mouth Basin, the oilfield is China’s largest offshore reef limestone oilfield…

China intensifies financial support to spur consumption

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A shopper (left) examines a mobile phone which enjoys trade-in price subsidy at a store in Leshan, Sichuan province. LI HUASHI/FOR CHINA DAILY BEIJING — Chinese authorities on Sunday made public a circular urging stronger coordination between the commerce and financial sectors to step up support for consumption, a key driver of the country’s economic…

China’s core AI industry to top 1.2 trillion yuan in 2025: research institute

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Visitors learn about a manned aircraft during the China International Digital Economy Expo 2025 in Shijiazhuang, North China’s Hebei province, Oct 17, 2025. [Photo/Xinhua] BEIJING — The scale of China’s core artificial intelligence (AI) industry is expected to exceed 1.2 trillion yuan (about $170 billion) in 2025, according to a research institute under the Ministry…

Billionaire offers ‘common-sense’ advice

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Supermarket billionaire John Catsimatidis has been a giant in the New York City business world for over 50 years, starting with the purchase of grocery stores and branching out to an airline, oil and gas, real estate, media investments and other projects. But as the 77-year-old, known as the “common-sense billionaire”, looks back on his…