Hilton opened its second Waldorf Astoria hotel in Shanghai recently, as the group greeted its 888th hotel under operation in the country — a move that reinforces the US hospitality company’s continuing efforts to expand its business boosted by domestic and inbound travel. The opening underscores the company’s deep commitment to the Chinese market as…
This undated photo shows the world’s most powerful direct-drive floating wind turbine in Fuqing, Southeast China’s Fujian province. [Photo/Xinhua] BEIJING — China’s State-owned and State-controlled enterprises displayed generally stable performance in the first nine months of 2025, official data showed on Wednesday. Their total operating revenue came in at nearly 61.33 trillion yuan (about $8.66…
CHANGCHUN – As a gleaming new Audi sedan A5L slowly rolled off the assembly line at FAW-Volkswagen’s Changchun plant Thursday night, the joint venture celebrated a historic milestone — its 30 millionth car produced in China. Ralf Brandstätter, Chairman and CEO of Volkswagen Group China, called the moment a significant milestone, describing it as “a…
Acknowledging China’s innovative biotech environment, UK-headquartered pharmaceutical company AstraZeneca said it is confident about further investing in the country, and working with local universities as well as startups to jointly build an innovative ecosystem. On Saturday, the company opened a new global strategic research and development center in Beijing, its sixth globally and second in…
The next decade will be a critical period for China’s insurance and reinsurance industry to address existing gaps, making the acceleration of reinsurance development a fundamental logic and strategic choice for financial reform and development, officials and senior executives in the insurance industry said. Zhuang Qianzhi, Party head of China Reinsurance (Group) Corp, said that…
The Neolix X6 unmanned delivery vehicle is seen at an information technology exhibition in Dubai in October. [Photo provided to China Daily] Chinese autonomous logistics service provider Neolix is accelerating the global rise of driverless logistics, as the deployment and commercialization of self-driving robovans enter a new booming stage. The company announced on Thursday that…
Alibaba Cloud, the cloud computing arm of Chinese tech heavyweight Alibaba Group, is accelerating efforts to expand its footprint in overseas cloud service markets as an increasing number of businesses leverage artificial intelligence technologies to bolster digital innovation. The company recently announced the launch of its second data center in Dubai, the United Arab Emirates,…
People browse the Judydoll cosmetics counter at a shopping mall in Shanghai on June 17. CHINA DAILY China’s leading beauty conglomerate Joy Group, or Shanghai Juyi Cosmetics Co Ltd, has recently completed the acquisition of Foltene, a dermatological hair care brand from Italy, in a bid to make further inroads into the accelerating hair and…
The view of a nuclear power plant in Fangcheng Port in the Guangxi Zhuang autonomous region. CHINA DAILY China has solidified its position as the world leader in nuclear power, with its total installed capacity surpassing 125 gigawatts, and is playing an increasingly indispensable role in the global transition toward clean energy, industry experts said.…
Visitors communicate with an exhibitor (R) at the ninth China-South Africa Trade Fair in Johannesburg, South Africa, Sept 23, 2025. [Photo/Xinhua] BEIJING — China’s foreign exchange regulator on Wednesday issued a notice introducing a package of new measures to further facilitate cross-border trade receipts and payments and enhance foreign exchange services, aiming to stabilize the…