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EU current account surplus €113.2 bn

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Household saving rate stable at 15.3% in the euro area

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Sports goods and services prices rose slower in 2024

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Nivea Shanghai to start mass production of anti-spot product in July

NIVEA products are on display at a retail counter in Changzhou, Jiangdu province, on Oct 6, 2024. [Photo/VCG] Nivea, using its parent company Beiersdorf’s patented anti-spot ingredient Thiamidol 630, will start mass production of its new product in its Shanghai facility in July, with roll out to the market expected two months later. The announcement…

China’s medical reform fasttracks innovation: US pharma giant

BEIJING – China’s reform efforts to promote research and development on medical innovation and shorten the review and approval time for the launch of related drugs have provided innovation-driven pharmaceutical firms with greater opportunities, a senior executive with US medicine giant Eli Lilly and Company said. “Related reforms have stimulated innovation in the pharmaceutical sector,…

Air China launches Beijing-Vladivostok route

VLADIVOSTOK – Air China has officially launched its new Beijing-Vladivostok round-trip flight service, marking the occasion with an inaugural flight celebration at Vladivostok International Airport. The maiden flight landed smoothly at 5:00 pm local time (0700 GMT) Monday and was greeted with a water salute upon arrival. Speaking at the ceremony, Wang Jun, Acting Consul…

FedEx pledges further investment in China

FedEx employees unload cargo from an aircraft at Guangzhou Baiyun International Airport in Guangdong province in March. CHINA DAILY FedEx Corp plans to further expand its presence in China as the United States-based express transportation service provider aims to fortify supply chains and boost investment in response to China’s pivotal role in the global economy, the…

Xiong’an New Area: Building a ‘city of the future’

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US tariffs dampen investor sentiment and growth prospects

Investor sentiment worsened after US President Donald Trump announced that the United States would implement “reciprocal tariffs” on imports from multiple countries, sparking concerns over a potential economic downturn for not only the US but other economies too. Government leaders of Japan, the Republic of Korea and Australia have called for responsive measures while analysts…

First full-link integrated test on large-scale vehicle-to-grid interaction launched in Shanghai

The nation’s first full-link integrated test on large-scale vehicle-to-grid interaction kicks off in Shanghai on March 31. [Photo provided to chinadaily.com.cn] The nation’s first full-link integrated test on large-scale vehicle-to-grid (V2G) interaction was kicked off in Shanghai on March 31, according to the State Grid Shanghai Municipal Electric Power Co. Shanghai was among the first…