Confidence among European businesses operating in China is showing “signs of an uptick”, according to a report released on Wednesday by the European Union Chamber of Commerce in China and consultancy firm Roland Berger. China remains “the heavyweight champion of efficient and cost-effective supply chains”, with 75 percent of respondents saying their China-based production is…
A new direct container route from Dalian, Liaoning province, to the Middle East opened on Tuesday, becoming the first direct container route between the two regions. [Photo provided to chinadaily.com.cn] A new direct container route from Dalian, Liaoning province, to the Middle East opened on Tuesday, becoming the first direct container route between the two…
China’s market regulator has fined Luxshare Precision Industry Co Ltd 900,000 yuan ($125,000) for failing to properly declare its acquisition of part of Wingtech Technology Co Ltd’s business before completing the transaction, in a case Beijing said highlighted a softer “education combined with punishment” approach to antitrust enforcement. The State Administration for Market Regulation (SAMR)…
An employee works on the production line of an automaker in Jinhua, Zhejiang province. HU XIAOFEI/FOR CHINA DAILY Profits at China’s major industrial firms maintained robust momentum in the first four months of the year despite mounting external uncertainties, with equipment manufacturing and high-tech sectors posting strong gains, official data showed on Wednesday. In the…
A parade at Qingming Riverside Landscape Garden in Kaifeng, Henan province, on April 20, 2025. WANG JIANZHONG/FOR CHINA DAILY In the winter of 2019, Feng… Read More »Turning simple travel into immersive experiences
A cross-border cooperation roundtable is held in Shanghai on Tuesday, bringing together experts from judicial administration, dispute resolution, commercial law, and international trade sectors from China and Singapore. [Photo by Zhou Wenting/chinadaily.com.cn] To innovate the application of legal frameworks for commercial mediation and enhance the international business environment, a cross-border cooperation roundtable was held in…
China National Offshore Oil Corporation announced on Wednesday that the first phase of the Kenli 10-2 oilfield cluster — the country’s largest offshore shallow-layer lithological oilfield — has fully commenced production. Located in the southern Bohai Sea, the field boasts proven geological reserves exceeding 100 million metric tons. It currently yields over 2,800 tons of…
China’s rare disease sector is entering a strategic window for biomedical innovation, as the country’s expanding diagnosis network and relatively large unmet medical needs create new momentum for drug development, clinical translation and payment support mechanisms, a top rare disease expert said. Zhang Shuyang, president of Peking Union Medical College Hospital, told China Daily that…
A foreign chef prepares Turkish doner kebab at Almalki Restaurant in Yiwu Place business complex on May 15. LYU BIN/FOR CHINA DAILY As night falls,… Read More »Yiwu plates up the world
Technicians from China Mobile check a 5G base station in Tongling, Anhui province. [Photo by Guo Shining/for China Daily] China’s centrally administered State-owned enterprises have made substantial progress in both industrial digitization and digital industrialization, boosting their roles in ramping up the country’s digital economy development, experts said. The State-owned Assets Supervision and Administration Commission…