An image captures a vessel docking at an offshore oil drilling platform in the Bohai Sea on Dec 21. DU PENGHUI/XINHUA As geopolitical tensions in the Middle East continue to roil international energy markets, China’s petroleum sector has demonstrated remarkable resilience, maintaining a steady supply of oil and gas to power the world’s second-largest economy. China’s…
SKP, the country’s leading luxury department store operator, is expanding with a new flagship in Guangzhou, Guangdong province, signaling growing momentum in the country’s high-end retail sector. The store, the first SKP in South China, is expected to become a landmark for luxury shopping and will join the ranks of Taikoo Hui and MixC in…
Air cargo played a critical role in sustaining global trade and powering the rapid expansion of artificial intelligence supply chains in 2025, while China’s aviation sector is positioning itself to capture a larger share of the market through investment in cargo hubs. Data from the International Air Transport Association, or IATA, showed that global air…
Editor’s Note: As China launches its 15th Five-Year Plan (2026-30), policymakers are strengthening coordination between the “Export to China” and “Shopping in China” campaigns. The effort signals a clear commitment to expanding imports while promoting high-quality consumption. To explore what this means for global business, we invited executives from multinational corporations to share their perspectives…
A property project under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China will adopt a multipronged strategy to stabilize the property market this year, with a focus on preventing debt default risks through whitelist financing mechanisms, promoting quality home construction and revitalizing old housing resources through urban renewal efforts, experts said. The strategy, detailed…
Shoppers seen at a store of Pang Donglai in Xuchang, Henan province. NIU SHUPEI/FOR CHINA DAILY Pang Donglai Trading Group, a Xuchang, Henan province-based retail chain, is giving its workforce a direct stake in the company’s profits in a bid to enhance workforce motivation and operational performance. On March 8, founder Yu Donglai disclosed on social…
An aerial drone photo taken on Jan 14, 2026 shows cargo ships loading and unloading containers at a container terminal in Xiamen, Southeast China’s Fujian province. [Photo/Xinhua] China will expand its pilot cities for a cross-border trade facilitation campaign to 45 in 2026, up from 25 in 2025, the General Administration of Customs said on…
China’s continuing shift toward consumption-led growth will strengthen its economic resilience and further support the building of a more balanced and strong global economy, officials of leading international organizations said as the country unveiled its development blueprint for the coming five years. The remarks coincide with the latest official data that point to a solid…
Alibaba Group on Tuesday unveiled what it called the world’s first enterprise-native artificial intelligence work platform, Wukong, as the e-commerce and cloud giant steps up efforts to integrate AI directly into corporate workflows. The standalone application, currently in invitation-only testing, will also be embedded into DingTalk, Alibaba’s workplace messaging and collaboration app used by more…
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