China’s self-developed tunnel boring machine with the biggest diameter is rolled off the production line in Changsha, Central China’s Hunan province, Oct 31, 2024. [Photo/Xinhua] China’s largest tunnel boring machine — with a diameter of 16.64 meters — rolled off the production line in Changsha, Hunan province on Thursday. The machine, weighing around 5,000 metric…
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Consumers line up outside Mixue Group’s first outlet in Sydney, Australia, on its soft opening day in February 2023. [Photo/China Daily] Chinese catering brands have actively expanded to overseas markets, according to Hurun China Top 100 Restaurant Brands 2024 released on Oct 25. The future trend of China’s catering industry will show the features of…
An LG Energy Solution Co battery pack for electric vehicle using cell-to-pack technologies displayed at the InterBattery exhibition in Seoul, South Korea, March 6, 2024. [Photo/VCG] LG Energy Solution said on Monday that its operating profit from July to September hit 448.3 billion won ($322.84 million), up 129.5 percent quarter-on-quarter, although it still marked a…
Experts from United Imaging Healthcare Co Ltd pose for a photo with local medical workers after installing a transportable CT scanner in Baghdad, Iraq, on March 19, 2020. XINHUA BEIJING — It took Chinese entrepreneur Zhang Junbin eight years to transform a small startup with just 200,000 yuan ($28,090) in initial capital into a unicorn enterprise…
Hisense Group announces on Wednesday that it has become the first official partner of the FIFA Club World Cup 2025. [Photo provided to chinadaily.com.cn] Chinese home appliance maker Hisense Group announced on Wednesday that it has become the first official partner of the FIFA Club World Cup 2025, building on its seven-year relationship with FIFA.…
An outlet of Starbucks in China. [PHOTO/CHINA DAILY] Starbucks China has reported stronger performance from its newly-opened county-level stores compared to those in higher-tier cities, reinforcing its penetration strategy despite a decline in store sales due to heightened competition. The company is exploring “strategic partnerships” in China. In the fourth quarter, the company’s revenue in…
A drone photo taken on Oct. 30, 2024 shows a view of an intelligent manufacturing base under China Offshore Oil Engineering Company in north China’s Tianjin. [Photo/Xinhua] TIANJIN — China’s first intelligent manufacturing base for offshore oil and gas equipment was put into full operation on Wednesday in North China’s Tianjin municipality. Covering an area…
WUHAN — A direct all-cargo air route between Hubei province in Central China and Hong Kong Special Administrative Region was launched on Wednesday, according to SF Airlines. On Wednesday morning, a Boeing 737-400 freighter took off from the Ezhou Huahu International Airport in Hubei, China’s first cargo-focused airport. It is also the airport’s first all-cargo…
Mounds of iron ore at Rizhao Port, Shandong province. [AN BAIMING/FOR CHINA DAILY] As China’s steel industry is facing declining demand and tightening margins, a balanced approach to production and a focus on emerging consumption sectors are likely to stabilize the market and ensure sustainable growth, a top industry association said. “China’s steel industry has…