The next decade will be a critical period for China’s insurance and reinsurance industry to address existing gaps, making the acceleration of reinsurance development a fundamental logic and strategic choice for financial reform and development, officials and senior executives in the insurance industry said. Zhuang Qianzhi, Party head of China Reinsurance (Group) Corp, said that…
The Neolix X6 unmanned delivery vehicle is seen at an information technology exhibition in Dubai in October. [Photo provided to China Daily] Chinese autonomous logistics service provider Neolix is accelerating the global rise of driverless logistics, as the deployment and commercialization of self-driving robovans enter a new booming stage. The company announced on Thursday that…
Alibaba Cloud, the cloud computing arm of Chinese tech heavyweight Alibaba Group, is accelerating efforts to expand its footprint in overseas cloud service markets as an increasing number of businesses leverage artificial intelligence technologies to bolster digital innovation. The company recently announced the launch of its second data center in Dubai, the United Arab Emirates,…
People browse the Judydoll cosmetics counter at a shopping mall in Shanghai on June 17. CHINA DAILY China’s leading beauty conglomerate Joy Group, or Shanghai Juyi Cosmetics Co Ltd, has recently completed the acquisition of Foltene, a dermatological hair care brand from Italy, in a bid to make further inroads into the accelerating hair and…
The view of a nuclear power plant in Fangcheng Port in the Guangxi Zhuang autonomous region. CHINA DAILY China has solidified its position as the world leader in nuclear power, with its total installed capacity surpassing 125 gigawatts, and is playing an increasingly indispensable role in the global transition toward clean energy, industry experts said.…
Visitors communicate with an exhibitor (R) at the ninth China-South Africa Trade Fair in Johannesburg, South Africa, Sept 23, 2025. [Photo/Xinhua] BEIJING — China’s foreign exchange regulator on Wednesday issued a notice introducing a package of new measures to further facilitate cross-border trade receipts and payments and enhance foreign exchange services, aiming to stabilize the…
Stock investors watch the A-share market in a Shanghai brokerage hall, on Oct 27. [Photo/VCG] China’s benchmark Shanghai Composite Index briefly surpassed the 4,000-point mark on Tuesday morning — its first climb above that threshold in a decade — hitting 4,000.86 points, before dropping slightly later in the session. The index has risen more than…
The eighth China International Import Expo, which will be held in Shanghai from Nov 5 to 10, reflects the country’s push for high-level opening-up as the event continues to attract growing global participation and rising confidence in the Chinese market at a time when global trade faces increasing uncertainties. More than just an event, it…
China’s robust 5.2 percent economic expansion in the first three quarters has laid a solid foundation for achieving its full-year growth target, analysts said, as the world’s second-largest economy continues to show resilience with strong industrial production despite headwinds. They said growth momentum is expected to persist in the final quarter of the year, supported…
This October marks the 16th anniversary of the ChiNext board’s launch. As of Oct 22, it had grown to host 1,389 listed companies with a combined market capitalization exceeding 17 trillion yuan ($2.39 trillion). The presence of leading players such as CATL, Mindray and East Money Information reflects the core value of ChiNext’s development over…