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UnionPay departure tax refund transactions surge 1,150% during holiday

The China UnionPay logo is displayed at its booth at the China International Fair for Trade in Services (CIFTIS) in Beijing, on Sept 10, 2025. [Photo/Xinhua] The transaction volume for China UnionPay’s departure tax refund service jumped 1,150 percent year-on-year during China’s National Day holiday this year, the country’s largest payment network said. The surge…

Wahaha confirms Zong Fuli’s resignation as chairwoman

Wahaha bottled water on display at an exhibition in Shanghai, Oct 28, 2024. [Photo/IC] China’s leading beverage producer, Wahaha Group, confirmed on Oct 10 that Zong Fuli resigned on Sept 12 from her positions as the company’s legal representative, director, and chairwoman. The group said the relevant resolutions were approved by both its shareholders and…

Changzhou a hub for Sino-Swiss partnership

A robotic arm works on the production line at Ypsomed Medical Devices Manufacturing (Changzhou) Company in the Sino-Swiss (Changzhou) International Industrial Innovation Park in Changzhou, Jiangsu province, on Sept 18, 2025. [Photo/Xinhua] Ypsomed, a leading Swiss developer and manufacturer of self-injection systems for liquid medications, has significantly boosted its initial investment plan in Changzhou, Jiangsu…

Meitu integrates AI into key sectors to boost efficiency

Meitu’s booth is seen during a forum in Nanning, Guangxi Zhuang autonomous region. [Photo provided to chinadaily.com.cn] Meitu Inc, a Chinese tech company known for its popular image-editing app and content-sharing software, is doubling down on generative artificial intelligence technology to improve the production efficiency of the imaging industry. The company has integrated AI into…

Federer praises the unsung heroes of China’s tennis development

Roger Federer talks with young Chinese tennis players during Swiss sportswear brand On’s event in Shanghai on Wednesday. [Photo provided to chinadaily.com.cn] With tennis in China shifting from an elite pastime to a mass sport driven by community engagement, facility upgrades and global collaboration, Swiss sportswear brand On is stepping up efforts to strengthen grassroots…

China-built PV glass plant debuts in Turkiye

China Triumph International Engineering Co Ltd, the world’s largest glass engineering service provider, has successfully launched an 800-metric-ton-per-day ultra-clear rolled photovoltaic (PV) glass production line in Tarsus, Turkiye, marking the deployment of innovative Chinese technology to help advance Turkiye’s green energy transition. The facility is so far the largest of its kind in Europe and…

German firms collaborate with local Chinese partners to stay competitive

A view of the high-end intelligent home appliance electronic control panel production line of Diehl Controls in Qingdao, Shandong province, on Oct 1. XINHUA JINAN — In an automated facility in Shanghai’s Chongming district, empty trays glide along a conveyor belt, receiving a layer of soil, a scatter of seeds and a fine mist of…

Two central SOEs relocate headquarters to Xiong’an

Sinochem Holdings holds a flag-raising ceremony at its new headquarters on Thursday in Xiong’an New Area, Hebei province. [Photo provided to chinadaily.com.cn] China Huaneng Group and Sinochem Holdings officially relocated their headquarters to Xiong’an New Area in Hebei province on Thursday, marking a key step in the area’s role in absorbing non-capital functions from Beijing.…

AI boosting agility of Chinese pharma

Chris Shim As Chinese pharmaceutical companies accelerate their push into overseas markets, unified management and artificial intelligence are emerging as vital tools to sustain competitiveness and global credibility, said Chris Shim, general manager for Asia R&D and quality at US pharmaceutical digital solution provider Veeva Systems. “China’s biopharma sector is growing rapidly, not only through…

Rockwell Automation eyes digital, green chances

Ian Shih US-based industrial automation company Rockwell Automation is banking on opportunities from China’s digital and green transition, as the future growth drivers of China’s economy will increasingly come from emerging industries such as green technology, smart manufacturing and the digital economy, a senior executive said. The keywords of “innovation, green and digital” will remain…