Starbucks China is venturing beyond food and beverages to launch its first apparel line across the country, as companies in the tea and coffee sector increasingly embrace lifestyle and cultural merchandise to drive growth. Over 400 Starbucks stores nationwide have been selling the “Bearista Town” collection since May 26, featuring utility vests for 399 yuan…
Amid intensifying geopolitical tensions, and escalating technology and trade restrictions, a growing number of central banks are turning to diversified reserve assets such as gold, moving away from an overwhelming reliance on dollar-denominated instruments, market analysts said. The trend is visible in a report released by the European Central Bank earlier this week, which said…
Cruise ship Adora Flora City berths at a port in East China’s Shanghai, May 27, 2026. [Photo/Xinhua] ATHENS — The shipbuilding sector of China is accelerating its transition toward greener and smarter development, contributing new solutions to the global maritime sector’s low-carbon transformation, according to a report released last week in Athens, the capital of…
Pedestrians walk past an outlet of Bank of Nanjing in Nanjing, Jiangsu province. [Photo provided to China Daily] Since the beginning of 2026, a number of small and medium-sized Chinese banks have increased their registered capital through share issuances and capital injections to enhance risk resilience and improve their capacity for sustainable development and support…
Renminbi assets are increasingly viewed as a must-have component of globally diversified portfolios, with China’s competitive edge in the artificial intelligence supply chain, improving corporate earnings and a strengthening yuan making the Chinese market difficult to overlook, said executives and analysts. Janice Hu, China country head of UBS and chairperson of UBS Securities, said that…
International shipping giant Mediterranean Shipping Company (MSC) launched a new premium Asia-Europe route on Thursday at the Nansha port area of Guangzhou Port in Guangdong province. [Photo provided to chinadaily.com.cn] International shipping giant Mediterranean Shipping Company (MSC) launched a new premium Asia-Europe route on Thursday at the Nansha port area of Guangzhou Port in Guangdong…
China has rolled out its first top-level roadmap for the high-quality development of the private fund sector, underscoring the country’s focus on addressing risks in the industry while enhancing its role in supporting technological innovation. The guideline, released by the State Council on Friday, sets out a comprehensive framework to strengthen regulation, prevent financial risks…
The People’s Bank of China, the country’s central bank, unveiled draft rules to update the regulatory framework for renminbi deposit and lending rates on Friday, marking a fresh step in the country’s efforts to deepen interest rate liberalization reform. According to the draft rules, administrative controls over deposit and lending rates have been fully removed,…
China’s Hong Kong Special Administrative Region and Saudi Arabia are expected to see broader cooperation opportunities in investment, new energy, technology and infrastructure, as they move to better align the city’s strengths as an international financial and business hub with Saudi Arabia’s Vision 2030. The remarks came during a recent business event organized by the…
On a sprawling polo field in northeastern Beijing, the sound of galloping horses echoed across the grass as players from around the world competed under clear spring skies. Applause from the stands rose intermittently. The scene brought together tradition and contemporary sport, reflecting the enduring appeal of a game with a history spanning more than…