Chinese vaccine company Sinovac Biotech Ltd has teamed up with 69 partner companies to launch the Laifu Initiative, which is aimed at strengthening innovation and resilience across China’s biopharmaceutical supply chain. The initiative was unveiled at Sinovac’s recent supply chain ecosystem conference in Beijing. The joint effort reflects a broader shift in China’s biopharma sector…
GAC Group, based in Guangzhou, the capital of Guangdong province, has established four KD factories in Nigeria, Thailand, Malaysia and Indonesia. Photo provided to chinadaily.com.cn GAC Group, an automobile manufacturer based in Guangzhou, the capital of Guangdong province, realized a sharp increase in overseas sales of its independent brands in the first half of 2025,…
Chinese tech giant Alibaba Group Holding Ltd said its revenue stood at 247.65 billion yuan ($34.6 billion) during the April-June period, an increase of 2 percent year-on-year, with its core e-commerce and cloud computing businesses reporting robust growth. The company’s net income stood at 42.4 billion yuan during the second quarter, up 76 percent year-on-year,…
Exports EU agri-food exports reached €19.9 billion in May, a slight fall (−1%) from April, but still 1% higher than in May 2024. Between January… Read More »EU agri-food trade remains stable in May
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Two Leapmotor vehicles are seen on the opening day of the Chengdu Motor Show on August 29, 2025. [Photo provided to chinadaily.com.cn] Leapmotor delivered 57,066 vehicles in August, up 88 percent from a year earlier and the highest monthly total in its history, the Chinese carmaker said on Monday. It was the sixth straight month…
No more “anxiety” about electric vehicle range! “In 2023, for the first time, the driving mileage of an electric vehicle with CATL’s battery exceeded 1,000 kilometers,” said Wu Zhenhua, chief engineer of CATL’s domestic passenger vehicles, “Next, we will develop higher performance products such as the battery reaching peak 12 C-rate, and with a range…
The audience walk past film posters at a cinema in Nanjing, East China’s Jiangsu province, Aug 17, 2025. [Photo/Xinhua] BEIJING — China’s 2025 summer box office reached just over 11.96 billion yuan ($1.68 billion), surpassing last year’s summer total, the China Film Administration (CFA) announced on Monday. More than 100 films spanning a diverse range…
I spent months immersed in China’s auto industry, and it has been a study in contrasts. On the one hand, the numbers are staggering. China has been the world’s largest car producer and seller for 16 consecutive years. Last year, it overtook Japan to become the top car exporter, cementing its place as a true…
The Hunutlu Power Plant Project in Turkiye is initiated by EMBA Electricity Production, a Turkish subsidiary company of State Power Investment Corporation’s Shanghai Electric Power. CHINA DAILY EMBA Electricity Production, a Turkish subsidiary company of State Power Investment Corporation’s Shanghai Electric Power, also known as SEP, initiated the Hunutlu Power Plant Project in Turkiye in…