Two phase III clinical studies of a China-developed weight-loss and diabetes drug have been published in Nature, representing a milestone for China’s growing presence in global metabolic disease research. The studies evaluated the impact of mazdutide, a dual GCG/GLP-1 receptor agonist developed by Innovent Biologics, on Chinese patients with type 2 diabetes. According to the…
BEIJING – China’s largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. As the country’s leading offshore oilfield in terms of both output and scale, the record production will provide solid support for national…
China should steer its next phase of economic development toward stronger domestic demand while pressing ahead with deeper income distribution reform and more decisive technological breakthroughs, as policymakers seek to rebalance growth drivers amid still-weak domestic demand and intensifying global competition, economists said. The shift, they said, requires coordinated moves to raise household incomes and…
A modified Long March-7 carrier rocket carrying the Yaogan-45 satellite blasts off from the Wenchang Spacecraft Launch Site in South China’s Hainan province, Sept 9, 2025. The satellite was launched at 10 am (Beijing Time) and has entered the preset orbit successfully. [Photo/Xinhua] Hainan province is intensifying efforts to build a comprehensive aerospace industrial cluster…
Beumer Group inaugurated its new facility in Taicang, Jiangsu province, saying it has strong confidence in the Chinese market. Operated by Beumer Enterprise Management (Taicang) Co, a unit of intralogistics systems giant Beumer Group, the opening of the workshop makes the company the 500th German-funded enterprise in Taicang. The facility, with an investment totaling 100…
An aerial drone photo taken on Nov 21 shows Yangpu International Container Port in Yangpu Economic Development Zone, Hainan province. PU XIAOXU/XINHUA The rollout of island-wide special customs operations and expanded duty-free policies at Hainan Free Trade Port will significantly boost its attractiveness among global investors, encouraging foreign companies to increase long-term commitments of capital…
An employee (second from left) of a Chinese high-tech company answers visitor queries during an expo in Shanghai in September. FANG ZHE/XINHUA The rising scale and capacity of China’s leading cities have cemented the country’s position as a major global innovation powerhouse, according to a recent report. Twenty Chinese cities have landed spots on the…
Engineers conduct aircraft maintenance at a hangar within the Haikou Airport Comprehensive Bonded Zone in Haikou, Hainan province, on Dec 9. ZHONG NAN/CHINA DAILY The services business, including bonded aircraft and vehicle engine maintenance, is expected to see fresh growth momentum as China’s Hainan Free Trade Port enters a new phase of opening-up with the…
A consumer checks out ski gear at a store in Hohhot, Inner Mongolia autonomous region, on Dec 7. DING GENHOU/FOR CHINA DAILY An earlier-than-usual winter in parts of northern China is giving the country’s ice and snow industry a timely boost, helping ski resorts open sooner, lifting ski traffic and translating into stronger-than-expected sales for…
A German-funded enterprise has successfully completed its full establishment in Hainan province, leveraging the province’s streamlined digital business system. With all prepared materials submitted electronically, the approval was completed within seconds. Siemens Energy (Hainan) Co Ltd received its business license in Danzhou on Thursday following this automated procedure. Cross-border funds are now settled in two…