Eli Lilly logo is shown on one of the company’s offices in San Diego, California, US, Sept 17, 2020. [Photo/Agencies] US pharmaceutical company Eli Lilly and Co recently announced a roughly $200 million expansion of its manufacturing site in Suzhou, Jiangsu province, that will enable it to increase production of innovative medicines for type 2…
Li Jiaqi promotes products during a livestream session. [Gao Erqiang/China Daily] Top-tier livestreaming sales host Li Jiaqi notched sales champion for the presale session of China’s “Double Eleven” online shopping frenzy, which falls on Nov 11. The value of consumer purchases made through his livestreaming sessions jumped by over 20 percent year-on-year, indicating an increasing…
With an investment of approximately 20 million euros ($21.69 million), Bayer Consumer Health launched the China Center of Innovation and Partnership (CCIP) in Shanghai on Wednesday, aiming to integrate more deeply into the country’s innovation ecosystem. The CCIP is committed to building an integrated innovation partnership network that connects efforts from the industry, academia and…
A 220-kilovolt power transmission line project commenced operation recently in Northwest China’s Xinjiang Uygur autonomous region to aid electricity demand for one of the region’s eight major industrial programs. Through the newly built transmission line, power will be sent to a local 550,000-ton electrolytic aluminum program, which will generate an annual power consumption of around…
A saleswoman (left) shows a model of a newly developed residential area to a potential homebuyer in Urumqi, the capital city of Xinjiang Uygur autonomous region. [Photo by ZHANG XIUKE/FOR China Daily] China needs considerable central government funding and more innovative solutions to support property destocking and stabilize the ailing real estate market, such as…
A bird’s-eye view of Wuxi. [Photo provided to chinadaily.com.cn] Wuxi, the birthplace of Chinese national industry and commerce, has experienced significant industrial growth. Recent statistics reveal a 5.9 percent year-on-year increase in the city’s GDP to 743.7 billion yuan ($104.72 billion) in the first half of this year, alongside a record-setting foreign trade value. These…
The SAIC Anji cargo ship exports vehicles from Yantai Port in Shandong province. [TANG KE/FOR CHINA DAILY] Trading firm Choice International (CIG) is ramping up efforts to take more Chinese new energy vehicles to overseas markets, with the latest achievement being a series of strategic cooperation agreements signed with Nigeria covering electric vehicle shipments. According…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China is likely to approve a debt swap program worth trillions of yuan as the beginning of a broader plan to decisively forestall any downward economic spiral, economists and policy advisers said. The debt resolution program — set to…
Visitors try out an intelligent operating system at the booth of Jinneng Holding during an expo in Taiyuan, Shanxi province. ZHU XINGXIN/CHINA DAILY As energy demand in China peaks during the winter, Shanxi province, one of the major power hubs in the country, is strengthening efforts to ensure stable coal supply through intelligent transformation. The province…
Containers are unloaded at Qingdao Port in Shandong province. [Photo by Yu Fangping/For China Daily] China’s total imports and exports of goods expanded 5.3 percent year-on-year in yuan terms in the first three quarters of this year, maintaining stable growth, official data showed on Monday. The goods trade volume expanded to 32.33 trillion yuan ($4.57…