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CNOOC’s new oilfield project commenced production

CNOOC Limited announced on Monday that the Wenchang 9-7 Oilfield Development Project, located in the western Pearl River Mouth Basin, has commenced production. The main production facility is a new drilling and production platform, which leverages the adjacent existing facilities for development. A total of 25 development wells are planned to be commissioned, including 18…

Exports of medicinal and pharma products up by 13.5%

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China’s NEV output, sales see robust growth in Q1

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May 2024. [Photo/Xinhua] BEIJING – China’s new energy vehicles (NEVs) saw robust production and sales in the first quarter of 2025, industry data showed Friday. NEV production surged 50.4 percent year-on-year to 3.18 million units in the first three months,…

Consumption, innovation to boost economy

People enjoy spring time at a park in Lucheng district of Wenzhou city, East China’s Zhejiang province, March 1, 2025. [Photo/Xinhua] As China navigates a shifting global trade landscape and aims to sustain its economic momentum, the country’s growth potential increasingly hinges on unlocking domestic consumption and accelerating structural reforms, said Denis Depoux, global managing…

Daqing Oilfield hits record high monthly gas production

Oil workers of the Chongqing Branch of Daqing Oilfield check the production of a natural gas well at the exploration area of Sichuan province and Chongqing city. [Photo by Zhao Qilong/For chinadaily.com.cn] In March, Daqing Oilfield Co, a subsidiary of China National Petroleum Corp in Heilongjiang province, achieved a monthly natural gas production of over…

Oppo strengthens high-end market strategy with new phones

Oppo unveiled its latest smartphone Find X8 series.[Photo provided to chinadaily.com.cn] Chinese smartphone company Oppo is strengthening its high-end market strategy with its new smartphones, as it steps up push to hone its technological prowess in mobile imaging amid intensified competitions. The move also came after Oppo showed strong growth in premium smartphones on the…

Tariffs, Tangled Trade, Timely Truce, China Incognito

The U.S ViewIn broad terms, China accounts for 8% of total U.S. exports, while the U.S. accounts for about 6% of China’s imports. This does not come as a surprise. The role of the U.S. as a supplier to China’s vast needs for ores is minimal. However, little known to most, China imports $2 billion…

SAIC Motor drives up smart mobility

SAIC Motor unveils its technological roadmap on April 10, 2025. [Photo provided to chinadaily.com.cn] SAIC is partnering with leading technology companies such as Horizon Robotics to speed up the roll-out of intelligent driving features in its models. The Shanghai-based carmaker announced plans late last week for the widespread adoption of advanced driving assistance technology across…

Antarctic station goes clean with new technology

This photo taken on Feb 7, 2024 shows the launch ceremony of the China’s Qinling Station in Antarctica. China’s Qinling Station in Antarctica, the country’s fifth research station in the continent, started operation on Feb 7, 2024. [Photo/Xinhua] TAIYUAN — China’s Qinling Station in Antarctica launched a pioneering hybrid power system in March, integrating wind,…

China International Consumer Products Expo unveils tech-driven future

This photo taken on April 10, 2025 shows the Hainan International Convention and Exhibition Center, the main venue of the upcoming fifth China International Consumer Products Expo (CICPE) in Haikou, capital of South China’s Hainan province. [Photo/Xinhua] HAIKOU – A seamless integration of cutting-edge technologies into daily life is taking center stage at the ongoing…