Chinese lawmakers conducted the first review of a draft revision to the Enterprise Bankruptcy Law on Monday, as part of the nation’s intensified efforts to refine its fundamental market economy frameworks. The draft revision, submitted to the ongoing session of the Standing Committee of the National People’s Congress, China’s top legislature, comprises 16 chapters and…
Chi Forest enters Tesco stores in the United Kingdom in August. CHINA DAILY Chinese beverage brand Chi Forest recently debuted its sparkling water products in the United Kingdom’s leading supermarket chain Tesco, with about 400 stores set to retail the products. This launch features two flavors, white peach and lychee, marking Chi Forest’s first foray into…
By giving full play to its advantages as a transportation hub and pioneering various institutional innovations, the Yangshan Special Comprehensive Bonded Zone has played an important role in stabilizing foreign trade over the past few years. The zone is part of the Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone. Data from…
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Chinese manufacturers of electric two-wheelers are introducing more high-performance batteries. [Photo provided to chinadaily.com.cn] Amid a global shift toward sustainable transport, China is producing more electric two-wheelers, with the sales volume in the Chinese market projected to reach 52 million units this year. Industrial experts said that with rising fuel costs, growing environmental concerns, and…
China’s three major stock indices surged on Thursday, with the Shenzhen Component Index and ChiNext Index both hitting fresh year-to-date highs. Analysts believe the A-share market is still in a “slow bull” phase, supported by a combination of favorable policies, steady domestic inflows and shifting global capital dynamics. At the day’s close, the Shanghai Composite…
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With an investment of approximately 1.1 billion yuan ($154 million), Daiichi Sankyo China broke ground on a new facility to produce antibody-drug conjugates (ADC) — an emerging class of highly potent pharmaceutical therapies usually used for treating cancer — in Zhangjiang Science City located in Shanghai’s Pudong New Area on Monday. As one of China’s…
The skyline of Beijing. [Photo/VCG] China has unveiled comprehensive pilot reform plans to advance market-based allocation of production factors across 10 key regions, marking the country’s latest push to build a high-level socialist market economy system and foster high-quality development, officials and experts said on Thursday. They said the move will help further facilitate the…
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