An employee of Chinese home appliance maker Midea Group inspects air conditioners at a workshop in Guangzhou, Guangdong province, in March 2025. [Photo/Xinhua] GUANGZHOU — China’s home appliance giant Midea Group posted a 14 percent year-on-year increase in net profit attributable to shareholders, reaching 43.95 billion yuan ($6.4 billion) in 2025, according to the company’s…
A view of the booth of China Life Insurance Co Ltd during an expo in Beijing. HU QINGMING/FOR CHINA DAILY China Life Insurance Co Ltd, the country’s largest life insurer, reported a sharp jump in annual profit for 2025, fueled by strong investment returns and a shift toward higher-value products, although premium growth slowed amid…
This photo taken on Nov 4, 2023 shows a city view of Shanghai, East China. [Photo/Xinhua] China has expanded quotas under the Qualified Domestic Institutional Investor (QDII) program to meet surging demand for overseas asset allocation, a move experts said underscores the country’s firm resolve to financial opening-up despite recent global market turmoil. Data released…
French pharmaceutical and dermo-cosmetics company Pierre Fabre Laboratories will continue to increase its investment and cooperation efforts in China, one of its top priority markets globally and a strategic pillar for the company’s future growth, fulfilling its long-term commitment of “in China, for China”, said a senior executive. As one of the first multinational pharmaceutical…
An aerial photo of some residential buildings in Shanghai, on Nov 5, 2024. [Photo/VCG] The first apartment purchased via Shanghai’s mechanism of acquiring pre-owned homes to guarantee the supply of government-subsidized rental housing completed its transaction on Tuesday, marking a closed loop of home circulation under the pilot program. Contracts for selling an existing flat…
An engineer (center) installs OpenClaw, an open-source AI agent, for users in Hangzhou, Zhejiang province, on March 22. LONG WEI/FOR CHINA DAILY As tokens emerge as a new strategic resource in the artificial intelligence era, companies are urged to treat token consumption as a core cost metric and integrate it into budgeting and operational decision-making,…
A refueling robot closes the fuel tank cap of a car at a gas station in Changsha, Hunan province. YANG HUAFENG/CHINA NEWS SERVICE China’s leading energy enterprises are accelerating the integration of artificial intelligence into every stage of their operations, effectively turning technological innovation into a cornerstone of the country’s energy resilience. From exploration and…
From left to right: Yang Ting, vice-president of Agilent Technologies and general manager for Agilent Greater China; Shirley Zhao, president of Astellas China; Anna An, president of Henkel Greater China; David Poon, president of Infineon Technologies Greater China Editor’s Note: As China launches its 15th Five-Year Plan (2026-30), policymakers are strengthening coordination between the “Export to China” and “Shopping…
Renminbi assets are becoming increasingly attractive, underpinned by China’s strong growth prospects and the rapid development of future-oriented industries, said Stefan Hoops, CEO of DWS — Deutsche Bank’s asset management arm. The recently introduced 15th Five-Year Plan (2026-30) places broad emphasis not only on domestic consumption and self-reliance, but also on a wide range of…
Gankeng ancient town in Shenzhen, Guangdong province draws tourists with its flowers. [Photo provided to chinadaily.com.cn] Tourism bookings for the upcoming Qingming Festival holiday from… Read More »Travel bookings surge ahead of Qingming Festival