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A visitor takes selfies at the 10th China-South Asia Expo in Kunming, Southwest China’s Yunnan province, June 16, 2026. [Photo/Xinhua] KUNMING — Deals worth over 27.7 billion yuan (around $4.07 billion) were signed during the 10th China-South Asia Expo, which concluded in Kunming, capital of southwest China’s Yunnan province, on Tuesday. The signed contracts included…
A Walmart store in Yichang, Hubei province, on June 6. LIU JUNFENG/FOR CHINA DAILY Walmart China will significantly strengthen food safety and compliance controls, the retail giant said after China’s top market regulator summoned its local membership retail arm Sam’s Club China over repeated food safety violations. The undertaking by Walmart China followed an official…
Kangaroos near vineyards in Hunter Valley, north of Sydney in New South Wales, Australia. It is one of Australia’s major wine regions, with a viticultural… Read More »A different taste of wine country
China’s pumped-storage hydroelectricity industry is gearing up for opportunities during the 15th Five-Year Plan (2026-30) period, serving as a critical engine for the nation’s green transition and long-term energy security, said experts. During the next five years, the country expects to see some 100 million kilowatts of new pumped-storage capacity become operational, with an average…
China’s rapid rise in innovation-driven industries is being matched by steady progress in intellectual property protection, as improved legal frameworks and growing international engagement inject new momentum into the country’s IP ecosystem, said Etienne Sanz de Acedo, chief executive officer of the International Trademark Association. “China is now a powerhouse in patent and trademark activity,…
Walmart is reported to be planning a recalibration of its physical retail presence in Beijing through the introduction of a new generation of smaller-format stores, signaling a strategic shift in response to the country’s rapidly evolving retail landscape. The step will mark a significant development as Walmart has, for some years, refrained from prioritizing the…
A visitor walks through the international healthcare consumption section of the sixth China International Consumer Products Expo in Qionghai, Hainan province, on April 16. GAO JING/XINHUA For Michael Heilig, who is from Germany’s federal association for small and medium-sized enterprises, his trip to Hainan province last week felt almost destined. His Chinese name, “Hai Li…
China’s large domestic market and commitment to high-standard opening-up continue to appeal strongly to international businesses. As highlighted at the 7th Qingdao Multinationals Summit, which kicked off on Tuesday in Qingdao, Shandong province, China will further boost domestic demand during the 15th Five-Year Plan (2026-30), creating substantial new opportunities for multinational companies around the world.…
China has called for stronger risk-based, tiered management of the development and application of artificial intelligence at banking and insurance institutions, in order to effectively address the challenges posed by AI development while better serving the real economy and meeting the needs of the public. The National Financial Regulatory Administration said on Thursday that it…