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Investing in China is investing in the future, Lundbeck’s senior executive says

Bonnie Yang, acting general manager and vice-president, Strategic Finance, Commercial and Partnerships, Lundbeck China. China Daily Editor’s Note: As China steps up efforts to boost domestic demand and drive consumption-led growth, multinational corporations are uniquely positioned to seize the opportunities presented by this transformative period. China Daily examines how these companies are aligning with China’s new…

China’s trade with Africa hits new high in Jan-May

BEIJING — China’s trade with African countries hit a record high in the first five months of this year, official data showed Monday. The China-Africa trade volume increased 12.4 percent year-on-year in the January-May period to 963.21 billion yuan (about $134 billion), accounting for 5.4 percent of the country’s total foreign trade, according to the…

Industrial production down by 2.4% in the euro area and by 1.8% in the EU

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Employment rate and labour market slack up in Q1 2025

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China Eastern Airlines to launch direct Xi’an-Istanbul flight

A direct flight between Xi’an of Shaanxi province and Istanbul of Turkiye will be launched on June 24 by China Eastern Airlines, which will be the airliner’s second direct flight connecting the two nations, according to the Shanghai-based carrier. The flight will operate between Xi’an Xianyang International Airport and Istanbul Airport every Tuesday, Friday and…

China’s consumer prices dropped in May

China’s consumer prices fell slightly in May, while the annual decline in factory-gate prices deepened, official data showed on Monday. The country’s consumer price index, the main gauge of inflation, fell by 0.1 percent year-on-year in May, the same as in the previous month, according to the National Bureau of Statistics. But the core CPI,…

Mainland carmakers eye global reach via Hong Kong

Visitors check XPeng’s products at the 2025 International Automotive and Supply Chain Expo (Hong Kong) on June 12, 2025. [Photo provided to chinadaily.com.cn] Carmakers from the Chinese mainland are showcasing their latest models and ambitions at the 2025 International Automotive and Supply Chain Expo in Hong Kong, looking to deepen their engagement with international markets…

JD expands recruitment drive

Chinese e-commerce giant JD is ramping up efforts to offer job positions to fresh graduates and increasing the recruitment of full-time delivery riders as part of its broader push to expand employment and provide clear career development opportunities for talent. Experts said the country’s platform economy is playing an increasingly pivotal role in creating digitalized,…

CPI decline may spur easing, stimulus

A shopper browses groceries at a supermarket in Nanjing, Jiangsu province. FANG DONGXU/FOR CHINA DAILY China’s price levels remained subdued in May, leaving ample room for further monetary easing and robust fiscal stimulus in the remainder of the year, analysts said on Monday. They said more policy support is needed to shore up demand in the…

China ‘cornerstone’ of Everllence global strategy

Everllence remains committed to the Chinese market and is accelerating its investment in China in the hydrogen, carbon capture and storage (CCS) sectors, eyeing the massive development potential in the world’s largest renewable energy consumer, said a top company official. The company was formerly known as MAN Energy Solutions. “China is a vital cornerstone of…