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SUMEC boosts emerging industries, expands global presence

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The booth of SUMEC’s branch in the Hong Kong Special Administrative Region at the seventh China International Import Expo in Shanghai in November, 2024. [Photo provided to chinadaily.com.cn] SUMEC Group Corporation (SUMEC), a subsidiary of China National Machinery Industry Corporation, will accelerate its expansion in strategic emerging industries and strengthen its overseas presence during the…

Protecting traditions while advancing rural vitalization progress

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Women from the Miao ethnic group in Liuzhi special district in Guizhou province don their ethnic costumes to attend a gathering in May. CHINA DAILY Twenty eight years ago, John Gjestrum, a Norwegian who was a board member of the International Committee of Museology, traveled to Liuzhi special district in Guizhou province to plant a…

Tinci charts solid growth through innovation and global integration

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A view of Tinci Materials Technology Co’s base in Guangzhou, Guangdong province. [Photo provided to chinadaily.com.cn] Achieving steady growth in scale and competitiveness, Guangzhou, Guangdong province-based Tinci Materials Technology Co has made significant strides during China’s 14th Five-Year Plan period (2021-25). Riding the rapid expansion of the new energy industry chain, the company said it…

Robot showdown on the Bund

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New technology aids BYD expansion

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BYD Automobile Industrial Park Phase II in the Shenzhen-Shanwei Special Cooperation Zone, Guangdong province. [Photo provided to chinadaily.com.cn] Chinese NEV giant BYD is accelerating high-quality growth on the back of sustained R&D investment during the 14th Five-Year Plan (2021-25) period, having expanded its industrial scale and advanced overseas. BYD’s new energy vehicle sales have risen…

China’s tax refund stores top 10,000

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BEIJING — The number of tax refund stores catering to foreign visitors in China had exceeded 10,000 by the end of August, data from the State Taxation Administration showed on Wednesday. In the first eight months of the year, the number of tourists claiming tax refunds jumped 247.8 percent year-on-year, while sales of tax-refundable goods…

CYTS to expand R&D in inbound travel products

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Editor’s note: The China Association for Public Companies, together with China Daily and other media outlets, has launched the initiative Listed Companies in Action: My Five Years in the 14th Five-Year Plan. The campaign spotlights the achievements of Chinese listed companies in advancing high-quality development during the 14th Five-Year Plan period. CYTS welcomes Beijing’s first inbound…

Guangdong’s private firms driving province’s foreign trade

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Containers are piled up at Nansha Port in Guangzhou, Guangdong province, in April. [Photo/China News Service] Guangdong’s private enterprises witnessed steady growth in import and export volume in the first eight months of the year, according to data released on Wednesday by Guangdong Customs, demonstrating their increasingly important role in the province’s foreign trade development.…

Development of Pacific Shuanglin Bio-pharmacy Co attracting industry attention

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Staff member inspects machine at Pacific Shuanglin Bio-pharmacy Co Ltd’s factory. [Photo provided to chinadaily.com.cn] Focused on both endogenous growth and external expansion, Shenzhen Stock Exchange-listed Pacific Shuanglin Bio-pharmacy Co Ltd has achieved high-quality development during the 14th Five-Year Plan period (2021-25). As a blood product maker, at the beginning of the 14th Five-Year Plan…