A shopper browses Japanese goods at a sales exhibition of products from China, Japan and South Korea, in Qingdao, Shandong province. WANG HAIBIN/FOR CHINA DAILY Amid tariff increases by the United States and growing economic fragmentation worldwide, China, Japan and South Korea — three manufacturing powerhouses that depend heavily on foreign trade — are likely to…
China will ratchet up resources to deepen reforms related to the market-oriented allocation of data elements and facilitate the high-quality development of both the digital economy and digital society, as part of a broader push to advance the building of a “Digital China”, the country’s top data governance regulator said on Monday. Liu Liehong, head…
China’s continued push for high value-added manufacturing is reshaping the nation’s global talent strategy in the face of new demands and challenges from overseas employment, according to an industry report. Sectors such as new energy, automobiles, mechanical equipment, and electronic and electrical products are leading the transition to high value-added manufacturing, accounting for around a…
China’s major State-owned commercial banks plan to raise up to 520 billion yuan ($71.7 billion) via private placements from investors, including the finance ministry, a forward-looking move which analysts said will help forestall financial risks and better support the real economy. The fundraising aims to replenish core tier-1 capital — the core capital held in…
Electricians check solar panels at a photovoltaic power plant in the Inner Mongolia autonomous region. WANG ZHENG/FOR CHINA DAILY China’s non-fossil fuel power generation capacity reached a historic 2-billion-kilowatt milestone by the end of February, solidifying the country’s global leadership in the transition away from fossil fuels and marking a pivotal step toward its ambitious…
Consumers try out L’Oreal cosmetics during the seventh China International Import Expo in Shanghai in November. CHEN HAOMING/XINHUA L’Oreal, the world’s largest beauty company by revenue, said it remains deeply committed to the Chinese market, one of its most strategic growth drivers, fueled by the country’s dynamic consumer landscape, rapid technological advancements and growing middle-income consumers.…
A pedestrian walks past a China Life Insurance Co Ltd sign in Huai’an city, East China’s Jiangsu province. [Photo provided to chinadaily.com.cn] China Life Insurance Co, one of the country’s biggest insurers, will increase its allocation to equity investments this year, due to its confidence in the Chinese economy’s high-quality growth prospects, said a senior…
L’Oreal China held its inaugural campus music gala on Friday at Fudan University in Shanghai. [Photo provided to chinadaily.com.cn] L’Oreal China held its inaugural campus music gala on Friday at Fudan University in Shanghai, one of China’s most prestigious universities, marking a celebration of beauty, innovation, and youth empowerment. The event themed “Magnetism of Beauty”…
Sean Green, president and CEO of BMW Group Region China, speaks at the company’s innovation day on March 26. [Photo provided to China Daily] BMW is renewing its image with an aura of tech, yet the German carmaker has remained true to its tenet of driving pleasure. At the BMW China Innovation Day last week,…
Real estate developer C-Land has innovated its high-end product lines in recent years, achieving both good market performance and reputation through sustained efforts in upgrading residential spaces and lifestyles, especially with its Chen and Fu series. It has also broken through in terms of branding and marketing, ranking among the top 28 real estate enterprises…