Vivo unveiled its latest smartphone, in Lijiang, Yunnan province. [Photo provided to chinadaily.com.cn] Smartphone shipments in the Chinese market fell 14.6 percent year-on-year to 16.79 million units in February 2026, according to the latest report released by the China Academy of Information and Communications Technology. The decline comes amid sustained price surges in memory components…
China’s fast-growing market for GLP-1 weight-loss drugs is bracing for a major shake-up as the core compound patent for semaglutide was expiring in March, opening the door for multiple domestic pharmaceutical companies to launch generic versions and compete for a market worth tens of billions of yuan. Prices for several leading obesity drugs have already…
Yang Yuanqing, chairman and CEO of Lenovo speaks at company’s 2026 to 2027 fiscal year kickoff event. [Photo provided to chinadaily.com.cn] Lenovo said it will fully advance the implementation of its hybrid artificial intelligence strategy and march toward $100 billion in annual revenue in the next two years, as the global technology giant embarks on…
BEIJING — China’s Ministry of Commerce on Thursday called for further leveraging the China-US economic and trade consultation mechanism and strengthening dialogue and communication so as to promote the healthy, stable and sustainable development of bilateral economic and trade relations. The two sides should implement the important consensus reached by the two heads of state…
The rise in quality problems among China’s new energy vehicles is moderating, but issues tied to design and user experience now account for nearly 70 percent of all complaints, according to a J.D. Power study released on Thursday. The 2026 China New Energy Vehicle Initial Quality Study shows that the industry average reached 231 problems…
Researchers work at a lab of a biopharmaceutical company in Wuxi, Jiangsu province. QI LIGUANG/FOR CHINA DAILY China’s biopharmaceutical sector is off to a strong start in 2026, with record cross-border out-licensing activity and a growing pipeline of homegrown innovative drugs signaling the country’s rising role in the global biotech landscape. Data from the National…
Artificial intelligence is creating new momentum for industrial upgrading and digital content production, a business executive said. Speaking recently at the 2026 ASEAN Innovation Cooperation and Development Forum in Beijing, Zhang Wei, CEO of Star AI, said fast-evolving AIGC technologies are reshaping the global content industry and opening up new opportunities for scaled, industrialized and…
Business and government delegations from 18 countries gathered in Qingdao, Shandong province, for a commodity procurement matchmaking event held on Monday and Tuesday. Organizers said the event aims to help high-quality and distinctive products from other member countries of the Shanghai Cooperation Organization better access China’s vast domestic market, while building a trade and economic…
An image captures offshore drilling platforms in operation in the Bohai Sea in February. DU PENGHUI/XINHUA As global geopolitical instability intensifies and risks to critical energy shipping lanes escalate, China’s major national oil companies are implementing a multipronged strategy to safeguard the nation’s energy security. China National Petroleum Corp, the country’s largest oil and gas…
Exhibitors from green food and consumer goods sectors participate in matchmaking activities during a CIIE-related event in Hefei, Anhui province, on Tuesday. CHINA DAILY What began as a showcase for overseas brands entering China is increasingly turning into a launchpad for long-term investment, as multinational firms deepen their presence through a China International Import Expo…