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A global hub for business events

An actor of Cirque du Soleil, a Canadian entertainment group, performs during the Hangzhou X Show in East China’s Zhejiang province, on Aug 10. LIAN GUOQING/FOR CHINA DAILY China’s fast-growing meetings, incentives, conferences and exhibitions, or MICE, industry is drawing renewed attention worldwide, from entertainment companies to luxury cruise lines, as the country cements its reputation…

Central SOEs playing bigger roles

China’s centrally administered State-owned enterprises are increasingly seen as not only pioneers in going global but also anchors of industrial security and rule-shaping, with their push into higher-value exports and overseas green-energy investment bolstering resilience across supply chains, experts said. With the rapid advancement of China’s economy and industrialization, more Chinese enterprises are seeking overseas…

Dutch govt’s curbs on chip maker decried

China will respond strongly to the Dutch government’s politically motivated measures to curb the operations of Nexperia, a Chinese-owned semiconductor company based in the Netherlands, as such moves set a dangerous precedent for global business, industry experts said on Thursday. Their comments came after the Dutch government announced earlier this week that it had taken…

Constructive Sino-US talks encouraged

Washington should show greater sincerity in engaging with Beijing and maintain the stability of global industrial and supply chains, analysts said, as China and the United States agreed to resume economic and trade consultations soon. They made the remarks after Vice-Premier He Lifeng, who is also China’s lead person for China-US economic and trade affairs,…

China’s record-breaking nuclear reactor marks major milestone

The world’s first land-based commercial small modular reactor, Linglong One, completed its cold functional test on Thursday. [Photo/Xinhua] The world’s first land-based commercial small modular reactor, Linglong One, completed its cold functional test on Thursday, a crucial step toward its reactor loading and eventual commercial operation, according to its developer, the China National Nuclear Corporation.…

Guangdong records robust imports in first nine months

Dongguan in South China’s Guangdong province is a busy port on the Pearl River. [Photo provided to chinadaily.com.cn] Guangdong, China’s biggest foreign trader, remains a robust importer in the first nine months. According to statistics released by Guangdong Customs on Thursday, Guangdong’s monthly imports have consistently maintained positive year-on-year growth since the beginning of the…

China’s pharmaceutical sector marks a ‘breakthrough era’

Online pharmaceutical platform PharmaCube has released a new report tracing the sweeping evolution of China’s innovative drug commercialization over the past decade, marking what it calls a “breakthrough era” for the country’s biopharmaceutical industry. Titled “From Breakthroughs in R&D to Value Realization: A Decade-long Commercialization of Innovative Drugs in China”, the report reviews how shifting…

China to further enhance policies, new steps to stabilize foreign trade

China will further strengthen its policy reserves and introduce new measures to stabilize foreign trade as needed, said the Ministry of Commerce on Thursday. Speaking at a weekly news briefing in Beijing, He Yongqian, a spokeswoman for the ministry, said that despite external challenges, China’s foreign trade maintained steady progress in the first three quarters…

China’s VAT data shows growing spending on equipment renewals by firms

BEIJING — China’s State Taxation Administration on Thursday released value-added tax (VAT) invoice data, which reveals growth in firms’ spending on equipment renewals and rising sales of home appliances in the first three quarters of this year. Boosted by the equipment-renewal and consumer goods trade-in programs backed by the government, the value of enterprises’ purchases…

Chinese mobile phone maker Oppo unveils new flagship series

Oppo Chief Product Officer Liu Zuohu says the major mobile phone maker, Oppo, has launched its Find X9 series — a “Travel Photography Must-have Device”. [Photo provided to chinadaily.com.cn] Chinese mobile phone makers are strengthening efforts to accelerate the growth of digital products amid the country’s call for promoting consumption. To mark its 30th anniversary,…