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China encourages private investment in energy development and infrastructure

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Private companies will be further encouraged to invest in energy development, utilization and infrastructure construction as the country’s energy sector shifts toward greater market-driven dynamics, according to China’s top energy authority. The government plans to enhance private sector involvement in major energy projects this year, including nuclear power, energy storage and smart grids, to promote…

Bankruptcies slightly down and registrations up in Q4 2024

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Expanding foie gras market in China and beyond

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Foie gras products are displayed at a facility in Huoqiu county, Anhui province. [Photo/Xinhua] Within the bustling kitchen of a top-tier Japanese eatery in Shanghai, entrepreneur Zhu Renjun unraveled a frost-kissed foam box. Inside, the foie gras glistened with a luscious creamy sheen, prompting a sigh of relief from the head chef — it’s the…

Annual inflation up to 2.5% in the euro area

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Happy birthday to the European Statistics Code of Practice!

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Deep structural adjustments foreseen in liquor industry

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A customer checks out liquor products at a market in Chongqing in January. [YANG MIN/FOR CHINA DAILY] After years of expansion, China’s liquor industry is shifting from rapid growth to a more rational and balanced market, as brands adapt to changing consumer preferences and market saturation. Cost-efficiency and international expansion have emerged as key drivers…

Guangzhou gears up for low-altitude unmanned aircraft operations

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A passenger takes a trial ride on the EH216-S in Guangzhou, the capital of Guangdong province, in December. [Photo provided to chinadaily.com.cn] Unmanned aerial vehicles will start commercial operation in 2025, with more low-altitude aircraft entering the airworthiness certification and pilot application stage in Guangzhou, the capital of Guangdong province, according to Chen Tengfei, a…

Chinese automakers gain ground at Indonesia’s largest auto show

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Visitors explore the booth of Chinese automaker Wuling during the 2025 Indonesia International Motor Show in Jakarta, on Feb 13, 2025. [Photo/Xinhua] JAKARTA – Unlike in previous years, Indonesia’s largest automotive exhibition took on a different tone this year with the arrival of high-end Chinese car brands, including electric vehicles (EVs), on the showroom floor.…