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New law to streamline, bolster private sector

Staff members work at the precision engineering base of Chongqing Shunduoli Motor-vehicle Co Ltd in Beibei district of Chongqing, Southwest China, May 9, 2025. [Photo/Xinhua] China’s newly introduced Private Sector Promotion Law is poised to help private enterprises overcome persistent challenges, facilitate multinational cooperation and promote the development of global industrial supply chains, experts said.…

Chinese SOEs to expand market presence in Central Asia

Construction vehicles are parked near the site where work began on building a key project for the China-Kyrgyzstan-Uzbekistan railway in the Jalal-Abad region of Kyrgyzstan on April 29. LUO MAN/XINHUA Driven by shared strategic interests and accelerating regional economic integration, China’s centrally administered State-owned enterprises will further broaden their business engagement in Central Asia, bolstering the…

Hainan Airlines keeps elite five-star status

Zhu Tao (third from left), vice-president of HNA Aviation Group, the parent company of Hainan Airlines, and chairman of Hainan Airlines, and Edward Plaisted (fourth from left), CEO of Skytrax, pose for a group photo on June 17 in Paris during the unveiling of the 2025 edition of Skytrax World Airline Awards. [Photo provided to…

China Eastern announces new link to South America

China Eastern Airlines will launch a flight linking China’s economic hub, Shanghai, and Argentina’s capital city, Buenos Aires, in December. It will be the first route linking Shanghai and South America, and the only air connection between China and Argentina, according to the Shanghai-based carrier. The new flight will be operated via Auckland, New Zealand…

Biopharmaceutical company Hasten makes strategic leap forward

Hasten Biopharmaceutical Co Ltd announced the completion of the market authorization transfers for 11 pharmaceutical products across several key Asia-Pacific markets on June 16, marking a strategic leap forward in the domestic biopharmaceutical company’s regional expansion. The markets include China’s Hong Kong Special Administrative Region, Malaysia, the Philippines, and Singapore, and the transferred products are…

Shanghai keen to build on IP reputation

Shanghai has achieved steady and high-quality development in the field of intellectual property, or IP, offering a fine environment for businesses in innovation and operation, according to official sources. “Shanghai has constantly deepened the implementation of the municipal blueprint for IP development in the past year, enhanced the efficiency of IP protection, and carried out…

China’s green power trading volume jumps 50%

China’s green power trading volume surged nearly 50 percent year-on-year in the first five months of 2025, exceeding 220 billion kilowatt-hours, the China Electricity Council (CEC) said on Wednesday. Nationwide market-based power trading volume increased from 1.1 trillion kilowatt-hours in 2016 to 6.2 trillion kilowatt-hours in 2024, accounting for 63 percent of total electricity consumption,…

JD debuts JoyExpress in Saudi Arabia, extending delivery model overseas

A delivery vehicle of JoyExpress is seen in Saudi Arabia. [Photo provided to chinadaily.com.cn] China’s JD.com launched on Wednesday JoyExpress in Saudi Arabia, marking the first time the e-commerce giant’s logistics arm has operated its own consumer-focused express delivery service abroad. Known for its self-built warehousing and delivery network in China, JD Logistics operates over…

China-EU green ties set to expand

With Chinese exports of environment-friendly products to Europe booming and European firms scaling up investments in clean energy and smart manufacturing across the nation, green cooperation between China and the European Union is expected to thrive, said business leaders and observers. They said such cooperation is increasingly driven by shared climate goals and complementary strengths,…

China to set up international operation center for digital yuan

During the 2025 Lujiazui Forum which was launched in Shanghai on June 18, Pan Gongsheng, governor of the People’s Bank of China, announced eight measures to further open up China’s financial market. He noted that China will set up an international operations center for the digital yuan to advance the international use of the digital…