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SABIC bullish on prospects in China

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Saudi Arabia-based SABIC, one of the world’s largest petrochemical firms, plans to deepen its investment and collaborative partnerships in China, as it has been leveraging the country’s continuously optimized business environment and long-standing mutual trust to enhance its presence in the fast-growing Asian market. Confident in the trajectory of China’s economic development, SABIC CEO Abdulrahman…

Insurance policy for humanoid robots

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Humanoid robots are displayed at the 2025 World Robot Conference (WRC) in Beijing, Aug 8, 2025. [Photo/Xinhua] As humanoid robots go from laboratories to factory floors, hospitals, shopping malls and homes, a key question emerges: what if they are damaged or damage others? In November, Huazhong University of Science and Technology Business Incubator purchased insurance…

Shandong firms back innovation in pet economy

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A citizen views pet clothing in Caoxian county, East China’s Shandong province, Nov 29, 2025. [Photo/Xinhua] JINAN — With China’s pet market value surging toward a projected 1.15 trillion yuan ($162.5 billion) by 2028, businesses in East China’s Shandong province are gearing up to seize growth opportunities through holistic innovation. From high-tech pet food to…

Boosting imports seen balancing trade

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Exhibitors conduct a live streaming event at the booth of a New Zealand honey brand at the Food and Agricultural Products exhibition area during the eighth China International Import Expo (CIIE) in East China’s Shanghai, on Nov 6, 2025. [Photo/Xinhua] China will ramp up efforts in import-boosting initiatives and advancing its strategy for helping balance…

Report: China a ‘reliable partner’

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An aerial view shows skyscraper clusters in Lujiazui, a cutting-edge financial center and bustling commercial district in Shanghai, on Aug 23, 2025. LI JUNQIN/FOR CHINA DAILY China is successfully positioning itself as a reliable partner amid uncertainty, while the United States administration’s policies have had a net negative effect for US power and influence in…

Role of global value chains highlighted

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Global value chains are not retreating but are becoming more digital, more regional, and increasingly shaped by security concerns amid geopolitical tensions, climate pressures and rapid technological change, experts from home and abroad said on Thursday. This has made global value chains more resilient and indispensable to the functioning of the world economy, they said,…

China’s digital prowess in UAE spotlight

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Emiratis get hands-on access to China’s globally acclaimed game Black Myth: Wukong at the BRIDGE Summit 2025 in Abu Dhabi, the United Arab Emirates, on Monday. CUI HAIPEI / CHINA DAILY Asia’s largest gaming expo, ChinaJoy, made its Middle East debut this week at the BRIDGE Summit in Abu Dhabi, the United Arab Emirates, showcasing…

China to roll over 750b yuan of special treasury bonds

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BEIJING – China will roll over 750 billion yuan ($106 billion) in special treasury bonds that will mature on Friday, the Ministry of Finance said Wednesday. As the 750 billion yuan of treasury bonds issued in 2007 will mature on Dec 12, the ministry will issue an equivalent amount to designated banks on the interbank…

World Bank raises China’s growth forecasts signaling confidence in economic resilience

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A cargo vessel is loaded up with containers at a container terminal of Hong Kong, South China, May 22, 2025. [Photo/Xinhua] The World Bank has raised its forecast for China’s 2025 economic growth to 4.9 percent on Thursday, up 0.4 percentage points from its previous projection. Accommodative fiscal and monetary policies supported the revised forecast,…

Beijing institute launches AI platform to boost new-drug development

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The Global Health Drug Discovery Institute on Thursday unveiled AI Kongming in Beijing, an artificial intelligence-driven platform designed to sharply improve the efficiency and success rate of drug development from target discovery to clinical candidates. The institute said the platform puts a strong emphasis on accelerating the development of new drugs for major global health…