Lujiazui, Shanghai’s financial center, forms a perfect backdrop to Shanghai’s Bund. [Wang Gang/For China Daily] SHANGHAI – China’s financial hub Shanghai saw its foreign trade with African countries grow 9.4 percent year-on-year to 218.53 billion yuan ($30.73 billion) in the first seven months of 2024, official data showed Tuesday. This trade volume accounted for 18.4…
CNOOC booth at an expo held in Shanghai on June 9, 2021. [Photo/VCG] CNOOC Limited announced on Wednesday that Wushi 17-2 oilfields development project has commenced production. The oil property is light crude, said the company, who holds 80 percent interest in this project and is the operator. The project is located in the Beibu…
The fifth Qingdao Multinationals Summit took place in Qingdao, Shandong province, from Aug 27 to 29, underscoring China’s commitment to advancing its high-level opening-up. Themed “Multinationals and China”, the summit attracted leaders from 451 multinational companies across 37 countries and regions. These numbers included 140 Fortune Global 500 companies, 311 industry leaders, and notably, 99…
Workers operate an assembly line of smart excavators at Sany’s factory in Shenyang, Liaoning province, in February 2023. ZHANG WENKUI/FOR CHINA DAILY In response to African countries’ efforts to stimulate economic growth, broaden market access and unlock consumer potential, Chinese companies will deploy more resources and manpower on the continent in the years ahead, to capitalize…
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Visitors explore newly launched products by Logitech International SA at an industry event held in Beijing in late August 2024. [Photo provided to chinadaily.com.cn] Logitech International SA, the Swiss multinational manufacturer of computer peripherals and software, will allocate more capital and human resources to capture a larger share of China’s fast-growing market, said its top…
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Builders from Yunnan Construction and Investment General Contracting Co make new progress on the Astana Light Rail Project in Kazakhstan on Aug 30, 2024. [Photo provided to chinadaily.com.cn] Chinese builders, taking part in the Astana Light Rail Project in the Kazakhstan capital, reached a new milestone when the section between Stations 106 and 109 achieved…
The world’s largest typhoon-resistant wind-fishery integrated platform was put into operation in Shanwei of Guangdong province on Wednesday, said its operator China General Nuclear Power Group. The project, designed to withstand super typhoons of up to Category 17, is expected to generate an annual output value of 54 million yuan ($7.59 million) upon full production,…
