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MNCs bullish on China’s consumption drive

From left to right: Michael Jiang, President of Zespri Greater China and APAC South; Denis Depoux, Global managing director of Roland Berger; Kelly Zhang, General manager of Bimbo China; Ginger Cheng, CEO of DBS China Editor’s Note: As China launches its 15th Five-Year Plan (2026-30), policymakers are strengthening coordination between the “Export to China” and “Shopping in China” campaigns.…

AI music monetization on the rise in digital economy

Earlier this month, Yang Ping, a 28-year-old programmer from Chengdu, Sichuan province, sold the rights to an artificial intelligence-generated song he had created in just about two hours for 50,000 yuan ($7,238) to a company, underscoring the staggering speed at which AI-generated content is produced, commercialized and monetized in China. Yang created the track —…

China vows to further expand opening-up

Guests exchange views on Thursday before a plenary session of the Boao Forum for Asia Annual Conference 2026 in Boao, Hainan province. FENG YONGBIN / CHINA DAILY China reaffirmed on Thursday its commitment to further expanding high-standard opening-up and domestic demand, sharing development opportunities with the rest of the world, and welcoming businesses from all…

China’s offshore oil company reports record production levels

The China National Offshore Oil Company (CNOOC) has reported strong financial and operational results for 2025, setting new records in both oil and gas production and reserves. Despite fluctuating international oil prices, the company’s net production reached 777.3 million barrels of oil equivalent (BOE) in 2025, up 7 percent year-on-year, while its oil and gas…

PepsiCo chief sees potential of China’s new Five-Year Plan

PepsiCo Inc chairman and chief executive officer Ramon Laguarta speaking on the sidelines of the 2026 China Development Forum in Beijing. [Photo provided to chinadaily.com.cn] PepsiCo Inc sees China’s latest Five-Year Plan as a key framework for deepening its presence in one of its most important growth markets, chairman and chief executive officer Ramon Laguarta…

Overseas investment fair opens in Shanghai

The Overseas Investment Fair 2026 opens in Shanghai on Thursday. [Photo provided to chinadaily.com.cn] The Overseas Investment Fair 2026 opened in Shanghai on Thursday in a bid to establish an international platform for foreign investment cooperation and exchange. The event, hosted by China Council for International Investment Promotion (CCIIP), brought together government officials, representatives of…

Local brand HPLY kicks off Shanghai fashion week

Shanghai fashion brand HPLY inaugurated the Autumn/Winter 2026 Shanghai Fashion Week on Wednesday at Xintiandi. [Photo provided] HPLY, a local urban women’s wear brand, opened the Autumn/Winter 2026 Shanghai Fashion Week on Wednesday, emphasizing lace as the centerpiece of its signature designs. HPLY presents lace as representing the strength and softness of modern women through…

China seeks to fine-tune its inbound tourist industry

A spokeswoman for the Ministry of Commerce has said on Thursday China is seeking to maximize the ease with which tourists access dining, accommodation, transport, shopping and entertainment services while visiting the country. He Yongqian made the remarks after China unveiled a 16-point policy package aimed at expanding inbound travel and consumption, with measures spanning…

AI Day to open Friday at Zhongguancun Forum with global scientists, entrepreneurs

The Zhongguancun Forum opens on March 25, beckoning global scientists, investors, and entrepreneurs. [Photo by Zou Hong/China Daily] Global AI scientists and entrepreneurs are set to gather for AI Day, which is due to open on Friday during the ongoing Zhongguancun Forum, one of China’s premier science and technology symposiums. They will witness a demonstration…