economic

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. By the 1990s, many of these companies began building factories in locations…

Hangzhou, Zhejiang province, is developing a new type of power system by incorporating such clean energy resources as hydropower, wind, solar and storage, so as to raise its proportion of clean energy. Recently, the city facilitated the Shuangxikou Reservoir — the first medium-sized reservoir with a gravity-arch dam in Zhejiang — to begin to store…

Vehicles are under examination at a smart factory of Seres Group in Liangjiang New Area, Southwest China’s Chongqing municipality, April 25, 2024. [Photo/Xinhua] Profits at China’s major industrial companies slumped in August, the National Bureau of Statistics said on Friday, reflecting corporate pain stemming from weakening market demand. Industrial enterprises with annual revenue of at…

A wind farm generates power for grids in Zhoushan, Zhejiang province. [Photo by YAO FENG/FOR CHINA DAILY] BEIJING – China’s green and low-carbon development features bright spots and nurtures new opportunities, an official with the country’s energy administration has said. Wind power and photovoltaics have become major contributors to China’s newly added installed capacity and…

Lin Xingsheng (first right) helps Fijian people build a greenhouse for mushrooms in Naitasiri, Fiji, in September. [Photo/Xinhua] SUVA — From a farmer to the owner of a Juncao (mushroom grass) farm and the chairwoman of the Fiji Mushroom Farmers Association, Seruwaia Waiti Kabukabu feels so proud to be able to contribute to her community…

A farmer works on silkworm cocoons at Nagaa Awni village in Egypt in September. [Photo/Xinhua] BEHEIRA, Egypt — Nagaa Awni, located in Beheira governorate about 200 kilometers from the Egyptian capital of Cairo, used to be a village of mud-brick and straw homes, relying on external aid for food and blankets. Now, thanks to about…

Dylan Zhang (fifth left) poses for a group photo with local farmers at a machine dealer promotional event in Nakuru county, Kenya, in July. [Photo/Xinhua] NAIROBI — In the heart of Naro Moru, about 173 kilometers from Kenya’s capital Nairobi, a Chinese-made plough has transformed how farmer Peter Kimani cultivates his land. Kimani, who owns…

The industrial business sectors of China and South Korea, once complementary a decade ago, have become increasingly competitive in mid — to high-end manufacturing, a trend that is expected to intensify in the coming years, said market watchers on Friday. As China continues to expand its opening-up and make breakthroughs in areas such as shipbuilding,…

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