The Nanning International Convention and Exhibition Center will be the venue for the 22nd China-ASEAN Expo to be held later this month. PENG HUAN/FOR CHINA DAILY China and the Association of Southeast Asian Nations, buoyed by the recently completed negotiations on the Version 3.0 China-ASEAN Free Trade Area, will further deepen regional economic integration amid…
Schneider Electric’s Shanghai facility incorporates high-end technologies like big data, 5G and artificial intelligence to enhance productivity. [Photo provided to China Daily] After 38 years in China, French industrial conglomerate Schneider Electric has transformed its presence in the country from a manufacturing base into its second-largest market and a vital center for innovation and manufacturing…
China’s listed banks are leaning more heavily on noninterest income to offset shrinking interest margins, with fee-based businesses such as wealth management, investment banking and transaction banking emerging as key growth drivers in the first half. In an extended low-rate environment, banks’ net interest margins have continued to contract, pressuring earnings. As a result, 42…
Malaysian Prime Minister Anwar Ibrahim with senior members of JD Logistics. [Photo provided to chinadaily.com.cn] Jingdong Logistics, the logistics arm of Chinese e-commerce giant JD, has said it will continue to increase its investment in Malaysia, bringing more Malaysian products to China and enhancing bilateral logistics and supply chain capacities. JD said its executives recently…
China is looking to play a bigger role in shaping global antitrust rules, especially in the artificial intelligence era, as senior market regulator officials and renowned industry experts vowed to boost antitrust at home while expanding international cooperation. Speaking at the 11th International Forum on Fair Competition Policy of China in Beijing on Monday, Luo…
Bayer Co.Lab, a global life sciences incubator network by German multinational company Bayer, has announced the launch of Bayer Co.Lab AdVenture, its inaugural global platform connecting with venture capital partners. At an event in Shanghai to mark the network’s anniversary in China, it also announced the induction of two new Chinese biotech startups into the…
Employees work on a construction project supported by a Chinese port infrastructure enterprise at Cotonou Port, Benin, on July 8. SI YUAN/XINHUA China has introduced its first-ever China Outward Direct Investment Index, a milestone in measuring the efficacy, vitality and patterns of the country’s overseas outreach, officials and experts said. Together with the latest statistical bulletin…
[Photo provided to chinadaily.com.cn] For a long time, in the mid-to-large-sized hybrid sedan market, most models only have core configurations such as four-wheel drive, lidar, high-performance computing chips in their high-end versions, and their prices are generally high. The Lynk & Co 10 EM-P, which debuted on Sept 8, has reshaped the competitive logic of…
Visitors check products at Aeolus Tyre’s booth during a trade fair in Belo Horizonte, Brazil, in Sept 2024. [Photo provided to chinadaily.com.cn] Aeolus Tyre Co Ltd, a subsidiary of the State-owned Sinochem Holdings Corp Ltd, will ramp up production of premium truck and bus tires as well as seeking innovations in off-the-road and specialty tires…
China has renewed local currency swaps with three European central banks totaling 540 billion yuan ($75 billion), a move experts said highlights deepening monetary cooperation to safeguard financial stability and the renminbi’s growing global role amid efforts to diversify from the dollar-based system. On the sidelines of the bimonthly meetings of governors held by the…