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ANTA extends China market lead with double-digit H1 growth

Anta Sports, a leading sportswear firm. [Photo by Sun Chi/chinadaily.com.cn] FUZHOU — Chinese sportswear brand ANTA Sports reported double-digit revenue growth in the first half of 2025, according to the firm’s latest financial report released on Wednesday. ANTA’s interim results for early 2025 showed that the company is consolidating its market-leading position in China. Its…

China approves biopharma innovation plan for Jiangsu free trade zone

BEIJING — China’s State Council has approved a plan to accelerate the opening-up and innovation of the entire biopharmaceutical industrial chain in the Jiangsu pilot free trade zone (FTZ), according to the Ministry of Commerce on Wednesday. To support the integrated innovation of the full value chain in the sector, the guideline calls for prioritizing…

Export of trade in services a priority

China will introduce a series of policy measures to further promote the export of services, and continuously optimize the policy environment of taxation and financial facilitation, the Ministry of Commerce said on Wednesday. As the country continues to promote the development of trade in services, the China International Fair for Trade in Services (CIFTIS) will…

Northeast Asia trade in focus at Jilin expo

A staff member at the Russian booth pours wine for visitors to taste on Wednesday, during the 15th China-Northeast Asia Expo in Changchun, the capital of Jilin province. [Photo provided to China Daily] China will leverage the China-Northeast Asia Expo platform to advance policy coordination, forge closer economic links and strengthen cooperation with Northeast Asia,…

Anta Sports reports revenue surge for first-half of 2025

Anta Sports posts first-half results for 2025 on Wednesday. [Photo/chinadaily.com.cn] Anta Sports Products Ltd posted its first-half 2025 results on Wednesday, reporting that revenue surged 14.3 percent year-on-year to 38.54 billion yuan ($5.4 billion), while net profit rose 14.5 percent to 7.03 billion yuan ($985.71 million). All brands achieved new half-year revenue highs, marking the…

AI chipmaker Cambricon briefly overtakes Moutai as China’s most valuable stock

Chinese AI chipmaker Cambricon Technologies briefly surpassed liquor giant Kweichow Moutai to become the country’s most valuable onshore stock, highlighting the shifting drivers of China’s economic growth, analysts said. On Wednesday, Cambricon’s shares jumped nearly 10 percent in intraday trading to 1,461 yuan ($204) apiece, overtaking Moutai to claim the title of “stock king”. The…