Nestlé CEO Philipp Navratil has said he has nothing to add to market “rumors” about a potential sale of the company’s Blue Bottle Coffee brand. “There were some rumors, so nothing to comment on at the moment,” Navratil said Monday during his visit to Beijing for the China Development Forum 2026. “Blue Bottle is a…
MA XUEJING/CHINA DAILY China is accelerating a deeper phase of financial opening-up, shifting beyond market access toward a new era of “institutional opening” anchored in global standards for rules, regulation, governance and financial infrastructure. This is a transformation that is expected to strengthen the country’s modern financial system while equipping banks to better support Chinese…
Chinese automakers Geely and Chery reported strong earnings for 2025, with new energy vehicles and overseas expansion driving growth. Hong Kong-listed Chery posted revenue of 300.3 billion yuan ($41.5 billion), up 11.3 percent from a year earlier, while net profit rose 36.1 percent to 19.5 billion yuan, according to full-year results released on Wednesday. The…
Currently, global value chains are accelerating adjustments as their risk of fragmentation rises, posing new challenges to developing countries. Against the backdrop, identifying a viable pathway to sustainable development within GVCs has become a pressing issue that warrants serious and sustained consideration. From the perspective of new structural economics, fully leveraging comparative advantages to integrate…
Kingdee Chairman and CEO Robert Xu (center) celebrates with colleagues on March 18 in Hong Kong after the company’s fiscal year 2025 annual results announcement. CHINA DAILY With China’s push to expand the “AI Plus” initiative, experts and business executives expect the country’s artificial intelligence market to expand rapidly over the next few years. Wu…
China’s financial market opening advanced markedly during the 14th Five-Year Plan period (2021-25). Financial institutions made notable strides in attracting foreign capital and expanding their global presence, while capital market connectivity mechanisms deepened and China’s influence in global financial markets continued to grow. These achievements stem from a steady and gradual approach to opening-up, stronger…
Staff members work on a production line at a workshop of Changan Mazda in Nanjing, East China’s Jiangsu province, March 17, 2026. [Photo/Xinhua] China will step up efforts to improve its fiscal and monetary policy in order to boost domestic consumption and enhance people’s well-being, as the country accelerates toward becoming a major hub of…
Premier Li Qiang shakes hands with Dilma Rousseff, president of the New Development Bank, when greeting participants and business leaders before the opening ceremony of the China Development Forum 2026 in Beijing on Sunday. WANG ZHUANGFEI / CHINA DAILY Beijing has called for opening-up and technological progress to drive new market growth, in order to…
Take a side trip by rail from Dunhuang to view the “Rainbow Mountains” at the Zhangye Danxia National Geopark from viewing platform. [Photo by Kara… Read More »Desert discoveries are a history buff’s dream
BEIJING — China’s fiscal policy will place greater emphasis on openness and shared benefits over the next five years, allowing countries worldwide to share in its development opportunities, Minister of Finance Lan Fo’an said on Sunday. Against a backdrop of subdued global economic momentum, China will pursue a proactive fiscal policy at home while strengthening…