Australian biopharmaceutical company CSL has designated China as one of its most important strategic markets worldwide, a milestone highlighted by a significant expansion of both its workforce and investment in the country, said a senior executive. Since 1986, CSL — a century-old firm — has supplied human albumin to Chinese patients, with a large proportion…
A pharma researcher works at a lab in Haikou, Hainan province, on Feb 5. SU BIKUN/FOR CHINA DAILY China’s pharmaceutical sector is playing an increasingly important role on the global stage, with cross-border licensing and partnership deals expected to exceed $100 billion by the end of 2025. China-linked pharmaceutical business development transactions accounted for nearly…
An aerial drone photo shows construction at Liupanshui Railway Station in Liupanshui, Guizhou province, on Dec 11. TAO LIANG/XINHUA BEIJING — China has sent clear signals to stabilize and revive investment through strengthened policy support, including appropriately increasing the scale of central budget investment and continuing to leverage new policy-based financial instruments, economists said. The…
This photo taken on Nov 3, 2025 shows a new energy vehicle (NEV) assembly line of BYD, China’s leading NEV manufacturer, at the plant of BYD in Zhengzhou, Central China’s Henan province. [Photo/Xinhua] China’s top market regulator has rolled out draft rules aimed at curbing cutthroat price wars in the automotive industry, warning automakers not…
Two models, one from Changan and the other from Arcfox, have won China’s first approvals for Level 3 vehicles, said China’s Ministry of Industry and Information Technology on Monday. With Level 3 capabilities, the car can drive itself under defined conditions, such as on highways or in traffic jams, but requires the driver to be…
German auto supplier Mahle showcases products at Automechanika Shanghai in late November. LI FUSHENG/CHINA DAILY Mahle is pushing deeper into China, believing that the world’s largest car market will be the key driver of its growth in the industry’s transition toward smart electrification, according to Philipp Grosse Kleimann, a member of the German auto supplier’s…
Carmakers must shift from price cutting to meeting emerging family-oriented demand while addressing critical chip bottlenecks, as China’s new energy vehicle industry enters a new phase of scale and competition, analysts said. They highlighted the changing dynamics of the world’s largest auto market at the China Intelligent Electric Vehicle Industry Chain Top 100 Forum in…
A visitor tries on a pair of smart augmented-reality glasses at a facility of Hangzhou Lingban Technology Ltd in Zhejiang province on Oct 21. JIANG XUEQING/CHINA DAILY As China prepares its 15th Five-Year Plan (2026-30), policymakers have underscored the importance of pursuing high-quality development, advancing new quality productive forces in line with local conditions and…
Horizon Robotics displays models featuring its driving assistance solutions at the Horizon Together 2025 Summit in Shenzhen, Guangdong province, on Dec 8. CAO YINGYING/CHINA DAILY China’s largest group of car owners — people who navigate the hustle and bustle of daily urban life — don’t they deserve the most user-friendly urban driving assistance features? Yu…
At 6 am (Beijing time) on Dec 7, an AVATR 12 luxury sedan, manufactured in Chongqing, was gently lowered onto the Antarctic ice sheet from the polar research vessel Xuelong, marking the beginning of its polar testing mission at the Antarctic Central Station. It is the world’s first NEV to set foot on the frozen…