Skip to content

News

Coca-Cola outperforms Q1 market expectations with 12% revenue surge

Coca-Cola China Brands launch Year of the Horse fireworks can packaging. [Photo provided to chinadaily.com.cn] The Coca-Cola Company reported first-quarter results that exceeded market expectations, with revenue and profit rising on steady global demand and stronger momentum in emerging markets including China. Net revenue climbed 12 percent to $12.47 billion, beating analysts’ estimates of $12.23…

Chinese tea brand taps premium dining scene

Chinese modern craft tea brand BASAO is aiming to enter premium dining and global lifestyle scenarios by offering a younger, more convenient approach to tea drinking. The brand showcased its modern approach to tea drinking during a recent food culture exchange program in Beijing, serving as the sole tea beverage partner of the event. BASAO…

China’s development path a valuable example for Global South

[Photo provided to chinadaily.com.cn] China’s development experience is offering valuable insights for Global South countries seeking modernization paths suited to their own conditions, experts said on Wednesday. Their remarks came during a forum in Beijing marking the 10th anniversary of the Institute of South-South Cooperation and Development at Peking University. Established in 2016, the institute…

‘Big Four’ banks post robust growth in Q1

China’s four largest State-owned commercial banks sustained a stable and improving growth momentum in the first quarter, achieving a robust start to the 15th Five-Year Plan (2026-30), according to earnings reports released on Wednesday. Industrial and Commercial Bank of China reported operating income of 230.37 billion yuan ($33.68 billion), up 8.27 percent year-on-year; net profit…

China releases country-specific guidance on global minimum tax rules

China’s top tax authority released new country-specific implementation guidance on global minimum tax rules on Wednesday, aimed at helping Chinese enterprises better navigate overseas tax compliance. The guidance — covering Denmark, Ireland, and the United Arab Emirates — aims to provide a systematic overview of global minimum tax frameworks, including legislative background, key provisions, and…

China Southern orders 137 Airbus aircraft as travel demand grows

China Southern Airlines has agreed to buy 137 Airbus A320neo family aircraft in a deal worth about $21.4 billion at list prices, as the country’s largest carrier by fleet size accelerates fleet expansion and renewal to capture rising travel demand. China Southern said in a statement on April 29 that it and its majority-owned subsidiary,…

China’s manufacturing sector continues expansion, data shows

China’s factory activity remained in expansion territory in April, staying above the 50-point boom-bust line for a second consecutive month, according to official data. China’s official purchasing managers’ index for the manufacturing sector came in at 50.3 in April, edging down 0.1 percentage point from March while remaining above the 50-point mark that separates expansion…

AI token biz highlighted for Guizhou’s development

As tokens emerge as a key resource in the artificial intelligence era, Guizhou province in Southwest China is stepping up efforts to tap into the emerging business by leveraging its strengths in computing power, data resources and application scenarios. Rising as a new driver for high-quality growth, tokens and relevant industrial applications have become key…