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…
Imagine this. A car you have sold may one day travel across the ocean to be used by someone in Africa, the Middle East or Southeast Asia. On Thursday, the Shanghai Used Car International Trading Comprehensive Service Platform was launched in the China (Shanghai) Pilot Free Trade Zone, marking a milestone in the global trade…
An oil drilling platform seen in the Bohai Sea. DU PENGHUI/XINHUA China, long the single biggest driver of global oil demand growth, is on track to hit its consumption peak during the country’s 15th Five-Year Plan period (2026-30), driven by the rapid proliferation of electric vehicles and new energy sources, industry experts said. The forecast,…
Adhering to an innovation-driven approach and accelerating the cultivation and expansion of new growth drivers was identified as one of the key economic tasks for 2026 during the recently convened Central Economic Work Conference. The conference has emphasized the importance of innovating science and technology-oriented financial services. It is expected that in the next stage,…
Having a PCTC (pure car and truck carrier) with 9,000 parking spaces and a container ship with a capacity of 7,000 TEUs (twenty-foot equivalent units) undocked on the same day on Tuesday, Shanghai Waigaoqiao Shipbuilding Co Ltd, a subsidiary of the China State Shipbuilding Corp, announced reaching its delivery target ahead of time. The achievement…