Editor’s note: This year marks the 40th anniversary of the launch of China’s reform and opening-up policy. China Daily profiles people who experienced or witnessed the important drive. Esteemed author says nation’s development model can be a blueprint for emerging economies China’s rapid growth since the reform and opening-up process began in 1978 has not…
Home appliance giant Midea Group set up a new industrial internet platform and a new brand for artificial intelligence-based home appliances on Oct 19, as part of the company’s plans to upgrade its business. The industrial internet platform will help Midea, based in South China’s Guangdong province, to become the country’s first independent industrial internet…
Energy giant to focus on high-growth markets, including China, Russia Global energy giant Royal Dutch Shell PLC plans to set up 10,000 new gas stations worldwide by 2025, with 5,000 in the five high-growth markets of China, India, Indonesia, Mexico and Russia. The company is also looking to introduce more electric vehicle charging stations, and…
China is expected to make it easier for listed companies to buy back shares, another policy measure to shore up market confidence after stocks declined more than 20 percent this year. The revision mainly applies to Article 142 of China’s Corporation Law, which regulates share repurchases. In the latest version, two new allowable reasons for…
China saw notable tax reductions in the third quarter as proactive fiscal policies took effect, strengthening corporations’ investment confidence and domestic consumption, experts say. In the July-September period, the government’s tax income increased 8 percent year-on-year, down sharply from the 13.1 percent and 17.8 percent growth reported in the first and second quarters respectively, as…
Plant will offer jobs, as well as products that will help reduce the country’s reliance on imports Chinese company Sunny Yi Feng Tiles has begun construction of a multimillion-dollar wall and floor tile manufacturing factory – a move that will create thousands of jobs in the country’s burgeoning real estate sector. The factory, situated in…
Progress has been made on issues including trade, investment, intellectual property and e-commerce Norwegian Prime Minister Erna Solberg has urged businesses in her country to seize opportunities in green technology and promote sustainable development through a proposed free trade agreement with China. The recovery and acceleration of FTA negotiations indicates that Norway and China are…
Partnership makes direct sales to overseas consumers faster, easier for companies on the Chinese mainland German logistics company Deutsche Post DHL Group joined hands on Oct 19 with e-commerce platform Shopee in Shanghai to offer faster and easier access for sellers from the Chinese mainland and consumers in Southeast Asia. The partnership between DHL eCommerce,…
Former Ethiopian prime minister says three-way partnership could change the world The European Union and China are both seeking to boost connectivity between Asia and Europe, but Hailemariam Desalegn, former chairman of the African Union, says the two partners could also combine efforts on another big continent: Africa. Hailemariam, who served as Ethiopian prime minister…
Hotels near to the National Exhibition and Convention Center in Shanghai – the venue for the China International Import Expo from Nov 5 to 10 – have received an unprecedented volume of bookings from overseas visitors headed to the event. Data provided by Ctrip, the online Chinese travel agency, show that the number of bookings…