China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the world’s largest metamorphic buried hill oilfield, marking a major milestone in offshore energy development and carbon capture initiatives, the company announced on Friday. Located in central Bohai Bay with an average water depth of about 20 meters,…
[Photo/VCG] In 2024, beverage producer Wahaha Group paid 2.4 billion yuan ($331.28 million) in salaries to frontline employees, a 20 percent year-on-year increase, according to a recent report by Chinese news outlet The Paper. This represents an increase of 400 million yuan compared to the previous year. The average salary for production workers rose by…
Chinese A shares posted a strong rally for the second consecutive session on Friday, boding well for a sustained market uptrend as investors re-evaluate Chinese stocks after advances in the country’s artificial intelligence models surprised the market, analysts said. The rise of DeepSeek, a Chinese private AI startup, not only reconfirmed China’s capability to innovate…
A shopper (right) looks at a cooking utensil at a store in Huaian, Jiangsu province, on Jan 31.[ZHAO QIRUI/FOR CHINA DAILY] China’s consumption market gained momentum during the Spring Festival holiday spanning from Jan 28 through Tuesday, showing robust growth across multiple sectors including retail, tourism and cultural services, according to the latest data from…
Local residents in Wuhu, Anhui province, enjoy their New Year’s eve dinner in a restaurant on Jan 28. [Photo/Xinhua] Consumers showed strong spending power during the Spring Festival holiday this year, boosting the steady growth of the country’s overall consumption market in the first quarter, official data showed. Over the holiday period, sales of key…
The Guangdong Provincial Development and Reform Commission recently established a bureau dedicated to the private economy. Ai Xuefeng, director of the commission, announced the addition at a news conference about building a modern industry system, which was held in Guangzhou, Guangdong province on Wednesday. Authorities would fully support the development of all enterprises, including private…
Visitors watch a humanoid robot write the Chinese character “fu”, which symbolizes good fortune and happiness, at the AI-themed temple fair at Wukesong Wanda Plaza in Haidian district, Beijing, on Feb 2, 2025. [Photo by Geng Feifei/chinadaily.com.cn] As some listed companies related to the humanoid robot industry unveil their strategies, concept stocks linked to AI…
Shanghai’s Pudong New Area unveiled a series of initiatives aimed at elevating the district’s business environment and spurring economic growth at the 2025 Pioneer Area Investment and Development Promotion & Business Environment Enhancement Conference held on Feb 6. Themed “Shape a Future of Mutual Success in Pudong,” the conference revealed Pudong’s plan to surpass Shanghai’s…
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