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Finer home searches rejuvenate property portfolio

BEIJING — Stepping into a model apartment, a homebuyer surnamed Liu was immediately struck by the bright, open layout. Right at the entrance, a small garden seamlessly flowed into the dining area and kitchen, creating a single airy space bathed in natural light. The park-inspired residential project in Chengdu, in Southwest China’s Sichuan province, features…

SE Asia key focus for Panpan’s expansion

Employees work on a production line of Panpan Foods Group in Jinjiang, Fujian province, on Aug 19. HU MEIDONG/CHINA DAILY Panpan Foods Group, a Jinjiang, Fujian province-based snack food maker, has continued to accelerate the pace of its international expansion, especially in markets involved in the Belt and Road Initiative. So far, the company has exported…

China-SCO trade hits record high as cooperation deepens

BEIJING — China’s trade volume with fellow Shanghai Cooperation Organization (SCO) members reached a record high in the first seven months of this year, data from the General Administration of Customs (GAC) showed on Wednesday. From January to July, China’s total imports and exports with other SCO members reached 2.11 trillion yuan ($295.58 billion), marking…

Major beverage players enjoying high tea time

Employees prepare tea for customers at a store in Huangshan, Anhui province, on July 15. CAO LI/XINHUA With consumers’ pursuit of wellness, variety and refinement, China’s tea beverage brands are exhibiting inspiring trends. According to Coffee and Tea Observation, a market information platform on WeChat, in July, the top 10 tea beverage brands launched 43 products…

Aveva to invest more in China, tap opportunities in industrial upgrade

This photo taken on Feb. 27, 2024 shows a digital manufacturing plant for children’s garment at Zhili town of Huzhou city, East China’s Zhejiang province. Xu Yu/XINHUA Industrial software developer Aveva will continue to increase investments and strengthen its research and development capacities in China, while expanding cooperation with Chinese partners to grasp the abundant…

GDP in Pudong New Area up 5.8% in H1

The headquarters building of the New Development Bank in the Pudong New District in Shanghai China. XINHUA Despite headwinds and rising complexities in the global market, Shanghai’s Pudong New Area has managed to sustain economic growth thanks to continued efforts to open-up its market and optimize the economic structure, said local officials and company executives.…

Baidu sees its total revenue hit nearly $5b in the second quarter

An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese tech giant Baidu Inc reported on Wednesday that its total revenue reached 32.7 billion yuan ($4.57 billion) in the second quarter of this year, with artificial intelligence-powered cloud business delivering robust revenue growth.  Revenue from Baidu’s core businesses…

Qualifier contest starts to widen market prospects in BRICS, ‘BRICS+’ countries

A view of Zhaoqing High-tech Industrial Development Zone in Guangdong, which is hosting the 2025 BRICS Industrial Innovation Competition Qualifier Contest for the Energy Electronics Industry Track between Aug 20 and 21. [Photo provided to chinadaily.com.cn] Amid global energy structure transformation, an international competition has started in Zhaoqing, Guangdong province, to help bolster green transition…