Authorities in China have urged internet platforms to improve price compliance and standardize pricing practices ahead of new rules on platform pricing taking effect on Friday. In a statement released on Thursday, the State Administration for Market Regulation, the National Development and Reform Commission and the Cyberspace Administration of China said they had held a…
Customers wait next to a brand slogan in Chinese characters at a Molly Tea shop at the Siam Square in Bangkok, Thailand, on Oct 7, 2025. [Photo/VCG] Chinese restaurant and drink chains are accelerating their overseas expansions, with more brands opening stores abroad and moving beyond tea and coffee, a new industry list shows. The…
A view of Haier’s cooling solution for AI data centers on display at an expo in Beijing on April 8. [Photo provided to chinadaily.com.cn] Chinese home appliance giant Haier on Wednesday unveiled its full-scenario cooling solution for AI data centers (AIDC), aiming to stabilize power usage effectiveness (PUE) at below 1.2 as demand for computing…
China will maintain communication with the United States through existing economic and trade consultation mechanisms on issues of mutual concern, a spokesman for the Ministry of Commerce said on Thursday. He Yadong made the remarks in response to a question at Beijing a news conference on whether there are plans for China to further extend…
Personnel from Sinopec Zhongyuan Oilfield Company pump hydrogen into a vehicle at a hydrogen production workshop in Puyang, Henan province, on Aug 12, 2024. TONG JIANG/FOR CHINA DAILY Propelled by top-level policy design and groundbreaking commercial milestones, China’s hydrogen energy sector is rapidly transitioning from a phase of localized demonstration to a huge industrial ecosystem,…
The century-old skincare brand from Tianjin, Wanzi Qianhong, solidified its comeback this month when it broke ground on a new industrial park in Xiqing district, following three consecutive years of doubling its online sales. The park is designed to combine production, livestreaming, and cultural exhibitions. It will also serve as a new stop on the…
Panda bond issuances surged to a record in the first quarter, as booming demand more than doubled total fundraising from a year earlier, underscoring the growing appeal of renminbi-denominated assets. Panda bonds are RMB-denominated bonds issued by overseas institutions in China’s onshore bond market. In the first quarter, issuance of panda bonds hit an all-time…
A view of a Pop Mart store in Tianjin. TANG KE/FOR CHINA DAILY Pop Mart International Group Ltd reported a sharp rise in 2025 earnings, driven by booming overseas demand and surging sales of its signature Labubu franchise, even as its shares tumbled following the results on investor concerns that a large portion of its…
Germany’s Dekra Group will bring two new testing centers online in Suzhou, Jiangsu province, and Chongqing in the second half of this year, expanding services for automotive components, consumer electronics and other industries, a senior executive said. After ramping up its testing infrastructure in recent years, including a major 2024 upgrade of its facility in…
A car refueling at a gas station in Guangzhou, on Tuesday. [Photo/VCG] China’s refined oil pricing mechanism is playing a crucial role as a “stabilizer” for the national economy, effectively cushioning the country against the impact of volatile international markets, said industry experts. As geopolitical tensions in the Middle East continue to disturb global crude…