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Otis eyes growth expansion driven by lifecycle solutions

Employees work on an Otis assembly line at the Tianjin Economic-Technological Development Area, also known as TEDA, in Tianjin. CHINA DAILY Otis Worldwide Corp is strategically targeting China’s “replacement wave” of older elevators, capitalizing on national policies promoting large-scale equipment renewals to expand its local footprint. China remains one of the group’s most dynamic and…

Domestic meds get cats’ meow for pet sector

A veterinary drug research and development team is at work at Tianjin Ringpu Bio-Technology Co in Tianjin’s Binhai New Area earlier this year. CHINA DAILY As temperatures rise in North China, April through June marks the peak season for stray animals to give birth. Last week, while admiring blooming crabapple flowers on the streets of…

Rio Tinto CEO: China a key hub for innovation

Visitors check out exhibits at Rio Tinto’s booth during the eighth China International Import Expo in Shanghai in November. CHINA DAILY Rio Tinto is strategically targeting China’s growing demand for critical minerals, capitalizing on the country’s energy transition and high-quality development goals to expand its footprint in its largest market. China remains central to the…

Chinese EVs under spotlight at Bangkok motor show amid global fuel shock

A visitor checks out an Avatr 11 electric vehicle on display at the 47th Bangkok International Motor Show held in Bangkok, Thailand, on March 26, 2026. [Photo/Xinhua] BANGKOK – Electric vehicles (EVs) have gained unprecedented attention in Thailand, as a sudden surge in global oil prices drives consumers to seek immediate options to reduce their…

Demand for remanufactured vehicles revving up

Nawej Makal Styno (right), an automotive business manager at Celeste Agency, inspects heavy-duty trucks at a used vehicle remanufacturing industry park in Tianjin on March 27. CHINA DAILY Nawej Makal Styno, an automotive business manager at Celeste Agency in the Democratic Republic of the Congo, traveled to a vehicle remanufacturing park in Tianjin’s Binhai New…

DHL boosts logistics network with new Shenzhen hub launch in H2

German logistics services provider DHL will put into operation its super gateway in Shenzhen, Guangdong province during the second half of the year, a senior executive said. This comes amid shifting trade patterns and surging demand for quicker logistics services in the country. John Pearson, CEO of DHL Express The facility will expand capacity for…

Sci-tech spending to rise 10% this year

A technician checks a humanoid robot at a tech company in Ningbo, Zhejiang province. HUANG ZONGZHI/XINHUA China plans to increase fiscal expenditure on science and technology by 10 percent this year to 426.42 billion yuan ($62 billion), the fastest growth among major spending categories, as part of a sustained push to achieve technological self-reliance. The…

Mastercard keen on money movement

Forging closer ties with local partners while fully embracing emerging technologies is key to Mastercard’s evolution from traditional card-centric businesses to a global money movement network, said Pratik Khowala, the company’s executive vice-president and global head of transfer solutions. Khowala made the remarks during an exclusive interview with China Daily in March, when Mastercard announced…

Yuan-priced commodities could be next

Using the renminbi to price major commodities such as oil may be “an indispensable step” in advancing the currency’s global role, and its internationalization could follow a path of expanding influence from the Global South toward developed markets, said a renowned Chinese economist. “Pricing is a crucial component of RMB internationalization,” said Huang Yiping, dean…