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Homegrown brands gaining popularity in high-end auto market

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A visitor tries out a Maextro S800, a battery electric ultra-luxury sedan co-developed by Huawei and JAC Group, during an expo in Shanghai on June 19. CHINA DAILY China’s premium vehicle market is witnessing a rapid shift as homegrown brands break longstanding price and brand barriers in the ultra-luxury sedan segment, and put an end…

Overseas warehouse launches trial operations

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An international marketing service overseas warehouse of the Zambia Jiangxi Economic Cooperation Zone has recently begun trial operations, with the first batch of companies completing the storage of goods, a move expected to provide integrated services including warehousing, Customs clearance and distribution for Chinese enterprises entering African markets. The facility is projected to reduce overall…

Jacobio, AstraZeneca ink cancer drug deal

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Chinese biotech innovator Jacobio Pharma has struck a global out-licensing deal with pharmaceutical giant AstraZeneca for a promising cancer drug, marking one of the largest cross-border transactions for a Chinese small-molecule oncology candidate currently in clinical trials. The deal, announced on Monday, centers on a potential $2 billion partnership to tackle KRAS-mutated cancers, long considered…

Huawei’s HarmonyOS ecosystem surpasses 32 million devices

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Chinese singer-actor Yi Yangqianxi poses with Huawei’s latest smartphone nova 15 ultra. [Photo provided to chinadaily.com.cn] Huawei Technologies Co said its self-developed HarmonyOS ecosystem has exceeded 32 million devices, marking a significant milestone in its expansion of in-house operating system. The announcement came alongside the launch of its latest nova 15 smartphone series. During the…

Yunnan topping table for Chinese coffee exports

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Small grain coffee beans from Baoshan, Yunnan province. [Photo by Wang Xianwen/ for chinadaily.com.cn] The growth in coffee exports from the Chinese province of Yunnan has culminated in it leading the nation in shipments this year to date, customs data shows. The province exported coffee and related products worth 840 million yuan ($120 million) in…

China’s power use sees steady growth in November

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BEIJING — China’s electricity consumption, a key barometer of economic activity, saw steady expansion in November, official data showed on Wednesday. Power use rose 6.2 percent year-on-year in November to 835.6 billion kilowatt-hours, according to the National Energy Administration. Power consumed by the primary and secondary industries rose 7.9 percent and 4.4 percent year-on-year, respectively,…

World’s first methanol dual-fuel VLCC delivered in Dalian

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The world’s first methanol dual-fuel powered intelligent very large crude carrier (VLCC), dubbed New Explorer, was delivered four months ahead of schedule to its owner in Dalian, Liaoning province, on Dec 22. [Photo provided to chinadaily.com.cn] The world’s first methanol dual-fuel powered intelligent very large crude carrier (VLCC), dubbed New Explorer, was delivered on Monday…