Shanghai recently announced comprehensive measures to cement its position as a global business hub, offering substantial incentives for multinational corporations to establish and expand their regional headquarters in the city. The announcement comes as Shanghai continues to demonstrate strong momentum in attracting foreign investment. “Altogether 60 regional headquarters of multinational corporations and 30 foreign-funded research…
As a pivotal move in China’s pursuit of high-quality growth, the development of new quality productive forces has gained significant momentum, with remarkable results achieved across various sectors in 2024, said Liu Jieyi, spokesperson for the third session of the 14th Chinese People’s Political Consultative Conference National Committee. Liu made the remarks at the nation’s…
Visa has partnered with China UnionPay to establish the Visa-UnionPay Zone. [Photo provided to chinadaily.com.cn] Visa has partnered with China UnionPay to establish the Visa-UnionPay Zone, an accessible payment service demonstration zone along Beijing’s Central Axis – a popular destination for tourists that became a UNESCO World Heritage Site in July. The initiative, launched on…
Chinese and US flags flutter outside the building of an American company in Beijing. [Photo/Agencies] More than 76 percent of polled foreign companies in the Chinese mainland say they plan to continue investing in the country this year, demonstrating their confidence in China’s future economic development and vast market, a recent report shows. According to…
Customers shop at a Maidelong store in Huaian, Jiangsu province, in January. ZHAO QIRUI/FOR CHINA DAILY Membership stores have continued gaining traction in the Chinese retail market as middle-income consumers increasingly prioritize product quality and healthy lifestyles. Maidelong, formerly known as Metro China, is accelerating its retail expansion this year, increasing its presence in lower-tier cities…
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of Dubai Multi Commodities Center, delivers a speech during DMCC’s roadshow in Beijing. [Photo provided to chinadaily.com.cn] A growing number of Chinese enterprises from various sectors have settled in Dubai Multi Commodities Center, the largest free trade zone in the United Arab Emirates, as they look…
The 33rd East China Fair kicks off in Shanghai with a bustling atmosphere, March 1, 2025. [Photo provided to chinadaily.com.cn] The 33rd East China Fair, a major regional trade event, kicked off on March 1 at the Shanghai New International Expo Centre, showcasing the latest innovations and trends in the textile, clothing, and light industry…
A company in Wuhan, Hubei province, recently obtained patent authorization for its core technology more than a year ahead of schedule, achieving a breakthrough in mass production in the field. Benefiting from patent navigation services and a fast protection green channel, Wuhan’s MEMSonics Technologies Co Ltd independently developed core technology for radio frequency filters and…
A drone flying from Lingshan Island prepares to land at Jimiya Wharf in Qingdao West Coast New Area, on Feb 27. Compared with traditional boat transportation, the land-island drone logistics delivery saves nearly 80 percent of the time. [Photo/Xinhua] Qingdao’s first low-altitude island logistics route was launched on Thursday, realizing two-way transportation of goods between…
Engineers from China Railway 20th Bureau Group Corp at work on a section of the Ntui-Mankim Highway project in Cameroon. CHINA DAILY China Railway 20th Bureau Group Corp (CR20G), a unit of State-owned China Railway Construction Corp, said it will intensify efforts to expand in markets involved in the Belt and Road Initiative and other…