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New moves to tighten oversight at SOEs

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Recently issued accountability measures for centrally-administered State-owned enterprises will strengthen responsibility as well discipline in corporate management and investment, helping SOEs and State capital achieve steady growth, a spokesperson for the State-owned Assets Supervision and Administration Commission of the State Council said. The Implementation Measures for Accountability in Cases of Irregular Business Operations and Investments…

China urges US to stop erroneous actions on ‘Covered List’ for drones

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BEIJING — China’s Ministry of Commerce on Tuesday urged the United States to cease its erroneous actions concerning the US Federal Communications Commission’s (FCC’s) decision to add foreign-made drones and key components to its “Covered List.” A ministry spokesperson said that China firmly opposes the move and urges the US side to revoke the relevant…

China approves new drug for rare joint tumor

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Germany-headquartered science and technology giant Merck announced that pimicotinib, a colony-stimulating factor-1 receptor (CSF-1R) inhibitor, has been approved in China on Monday, bringing a new treatment option to adult patients with symptomatic tenosynovial giant cell tumor (TGCT) for which surgical resection will potentially cause functional limitation or relatively severe morbidity. TGCT is a rare but…

China urges Dutch government to cancel administrative order against Nexperia

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Flags fly next to a logo of Nexperia at the facade of its factory, in Dongguan, Guangdong province, Nov 7, 2025. [Photo/Agencies] China has urged the Dutch government to immediately revoke its administrative order against semiconductor manufacturer Nexperia, an overseas subsidiary owned by Chinese company Wingtech Technology Co, according to the Ministry of Commerce. A…

Artificial intelligence fuels healthcare innovation in China

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The wider adoption of artificial intelligence across healthcare is underpinning the Healthy China Initiative while fostering new quality productive forces in the healthcare sector, experts said. “Artificial intelligence has a far-reaching impact on technological progress and human life, with medicine likely to become its most widely used and valuable application,” said Fan Xianqun, dean of…

DJI expresses regret over US FCC’s new drone sales blacklist

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Chinese drone manufacturer DJI expressed regret on Tuesday regarding the US Federal Communications Commission’s decision to blacklist all new foreign-made drones and components over so-called national security concerns, saying it will explore feasible methods to safeguard the company’s legal rights and interests. In a statement, DJI said FCC’s move not only limits the freedom of choice for…

China’s annual A-share trading turnover hits historic high

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The year-to-date trading turnover of China’s A-share market exceeded 405 trillion yuan ($57.6 trillion) as of Monday, the first time that annual turnover has surpassed 400 trillion yuan. By Tuesday’s close, the Shanghai Composite Index finished at 3,919.98, up 0.07 percent, while the Shenzhen Component Index closed at 13,368.99, up 0.27 percent. The ChiNext Index,…

DJI ‘disappointed’ by US move to block authorizations for foreign-made drones

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In this photo illustration, a DJI Mavic 2 Pro made by the Chinese drone maker hovers in place on Dec 15, 2021 in Miami, Florida. [Photo/Agencies] SHENZHEN – Chinese drone giant DJI expressed disappointment on Tuesday regarding the US Federal Communications Commission’s (FCC) decision to add foreign-made drones to the “Covered List”. Updated on Monday,…

Offshore duty-free shopping surges in Hainan FTP policy’s first week

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Hainan’s Free Trade Port has witnessed a sharp rise in offshore duty-free shopping one week after launching island-wide customs operations, according to official figures released on Thursday by Haikou Customs. From Dec 18 to Dec 24, duty-free sales reached 1.1 billion yuan ($157 million), with 775,000 items purchased by 165,000 shoppers. That represents a 54.9…

Advanced technology making roads safer in Taixing

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A geological radar detection vehicle checking for road defects in Taixing, Jiangsu province. [Photo provided to chinadaily.com.cn] The city of Taixing in East China’s Jiangsu province has introduced advanced technology to conduct comprehensive checks on urban roads in a bid to avert the risk of road collapse. The city has been using three-dimensional geological radar…