Estee Lauder taps China as ‘core growth engine’
The Estee Lauder Companies Inc announced strong financial results for the second quarter of fiscal year 2026 on Feb 5. Riding on double-digit sales growth in the Chinese mainland, cosmetics…
Solid foundation laid for RMB internationalization
The Cross-border Interbank Payment System is showcased at the 2025 China International Finance Exhibition in Shanghai on June 19. CHINA DAILY The internationalization of the renminbi is gathering pace as…
15th Five-Year Plan: Smart economy explained
The 15th Five-Year Plan (2026-30) has drawn up a new blueprint for the smart economy with the scale of China’s artificial intelligence-related industries expected to exceed 10 trillion yuan ($1.47…
Hong Kong witnesses capital inflows
Photo taken on May 12, 2025 shows the scenery on both sides of Victoria Harbor in Hong Kong. HONG KONG — Matthew Strauss, a portfolio manager with a Canadian investment…
Banks accelerating global expansion
Visitors check the booth of Shanghai Pudong Development Bank at the eighth China International Import Expo in Shanghai on Nov 7. CHINA DAILY As Chinese banks accelerate their global push…
Kazakh SWF issues C. Asia’s 1st panda bond
Kazakhstan’s sovereign wealth fund (SWF) issued the first renminbi-denominated panda bond by a Central Asian entity in China’s onshore market earlier this month, which experts said marks a crucial step…
Linyi strengthens trade, investment ties with Australia
At the 5th RCEP (Shandong) Import Expo held from April 20 to 22 in Linyi, Ivan Kaukov, president of the Australian Asian Chamber of Commercial and Industry Inc, shared plans…
Government debt at 87.8% of GDP in euro area
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First phase of Canton Fair draws 167,000 buyers from 216 countries
The first phase of the 139th Canton Fair concludes on Sunday, attracting 167,000 buyers from 216 countries and regions. The China Import and Export Fair, commonly known as the Canton…
Major Chinese-Turkmen gas field project enters new phase
Ground has officially been broken on the fourth phase of the Galkynysh Gas Field project in Turkmenistan, marking a new milestone in energy cooperation between China and Turkmenistan, according to…