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Daiichi Sankyo sets up new unit in Shanghai

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With an investment of approximately 1.1 billion yuan ($154 million), Daiichi Sankyo China broke ground on a new facility to produce antibody-drug conjugates (ADC) — an emerging class of highly potent pharmaceutical therapies usually used for treating cancer — in Zhangjiang Science City located in Shanghai’s Pudong New Area on Monday. As one of China’s…

Pilot plans to advance mkt-based allocation

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The skyline of Beijing. [Photo/VCG] China has unveiled comprehensive pilot reform plans to advance market-based allocation of production factors across 10 key regions, marking the country’s latest push to build a high-level socialist market economy system and foster high-quality development, officials and experts said on Thursday. They said the move will help further facilitate the…

3.5 million first residence permits in 2024

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Why China’s express delivery is so fast?

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48 hours! That’s all you need to deliver a package in China on average. For deliveries from Shanghai to Jiangsu, Zhejiang and Anhui, next-day arrival has become a norm. How to make it? Follow China Daily reporter to Huaxin town, Qingpu district of Shanghai where the most famous Chinese express companies are headquartered and find…

Greater openness in digital trade prioritized

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An employee promotes durian via livestreaming at China (Ezhou) Cross-border E-commerce Industrial Park in Hubei province. [Photo provided to China Daily] China will take further steps to foster greater openness in the digital trade sector to enhance its global competitiveness, as the external trade environment faces intensifying headwinds, officials and experts said on Thursday. “China…

Employment rate up in Q2 2025

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China delivers first C909 medical aircraft for emergency and rescue missions

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The first C909 medical aircraft — a specialized derivative of China’s domestically developed regional jet — was delivered to China Flying-Dragon General Aviation Co Ltd in Zhengzhou, Henan province, on Tuesday. The handover marks a significant step forward in the serialized development of homegrown commercial aircraft. The aircraft will be used for missions including emergency…

China responds to Mexico’s planned tariff hikes

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Yantian Port in Shenzhen, Guangdong province, bustles with activity in April. [Photo by He Shaoping/For China Daily] China will take necessary measures to firmly safeguard its legitimate rights and interests in response to Mexico’s planned tariffs, the Ministry of Commerce announced on Thursday. A ministry spokesperson made the remarks in response to media reports that…