A CNOOC drilling platform operates off Huizhou, Guangdong province. XINHUA China National Offshore Oil Corp’s breakthrough in offshore heavy oil thermal recovery has unlocked access to a vast reserve of previously inaccessible heavy oil, bolstering China’s energy security and reducing its reliance on imports, said industry experts. CNOOC announced on Saturday that its offshore heavy oil…
A domestic helper at Home King, a household service platform, cleans a jacket inside a company workshop in Xiamen, Fujian province, on Aug 24. ZHU WENQIAN/CHINA DAILY Home King, a Xiamen-based home services platform, has seen rapid growth in its sales revenue, fueled by growing demand for household services, especially from young consumers. The company said…
China’s Ministry of Commerce announced on Thursday that it has imposed anti-circumvention measures on imports of certain cut-off shifted single-mode optical fiber products originating from the United States, effective immediately. The measures are the result of an investigation initiated on March 4 this year at the request of domestic companies, according to a ministry statement…
Improved profits of listed companies, likely to be sustained by China’s supportive policies and economic recovery, will be an important driver of A-share market performance in the following months, experts said. The comments came after the average net profits of A-share companies rose 9.02 percentage points year-on-year to 2.43 percent during the first six months,…
The United States government’s latest move to revoke authorizations that allow three semiconductor companies with operations in China to receive US semiconductor manufacturing equipment will wreak havoc on global semiconductor industrial and supply chains and impede international technological cooperation, said officials and experts. Chinese chip companies, however, are expected to double down on indigenous innovation…
Share – WeChat A journalist sits in an electric vertical take-off-and-landing (eVTOL) aircraft at the venue of the World Smart Industry Expo 2025 in Southwest China’s Chongqing, Sept 4, 2025. The expo is scheduled for Sept 5 to 8 in Chongqing to present cutting-edge achievements of the smart industry through professional exhibitions. [Photo/Xinhua] 1 2…
Japanese pharmaceutical firm Astellas is aiming for a strong performance in China over the next few years following its fast-track development in China, especially as the country has been one of the five major global markets for the company since 2019, a senior executive said. In the past year, the company achieved a record seven…
Visitors wander along Zhongshan Road pedestrian street in downtown Xiamen, Fujian province, on Aug 22. ZHU WENQIAN/CHINA DAILY Gulangyu Island in Xiamen, East China’s Fujian province, has developed an economic sweet spot following the launch of the country’s first park-style marriage registration center at the tranquil destination known for its focus on culture, music and romance.…
Cultural tourism promoters receive their certification from the digital platform Cloudverse at the launch ceremony in Beijing on Aug 22. [Photo provided to China Daily] With… Read More »Cutting-edge tourism platform opens new chapter for traditional art
Cosmo Lady, one of the country’s largest lingerie enterprises, realized a sharp increase in sales through joint venture e-commerce channels in the first half of 2025. [Photo provided to chinadaily.com.cn] China’s booming e-commerce sector has helped drive sales of lingerie products for Cosmo Lady, one of the country’s largest lingerie enterprises, in the first half…