Restaurant chains eye rapid growth
People wait to dine at a Haidilao hotpot restaurant in Shanghai on May 2. CHINA DAILY The country’s catering sector is experiencing sustained acceleration in chain store development, driven by…
Samsung to cease sale of home appliances on Chinese mainland
Global electronics maker Samsung announced on Wednesday that it is to cease sales of all home appliance products on the Chinese mainland market. The move covers all home appliance categories,…
RMB’s role as international option grows
The renminbi is starting to gain ground in the dollar-dominated global commodity trade, as recent deals highlighted the Chinese currency’s expanding role in offering a diversified option for pricing and…
Shanghai gearing up for consumption bonanza
Foreign tourists buy souvenirs at a shop in Shanghai. YIN LIQIN/CHINA NEWS SERVICE A new wave of consumption activities involving debut economy, consumption upgrade, innovative digital spending as well as…
Dolby eyes China as key hub for innovation
Leveraging its first global flagship experience center — Dolby House Shanghai — Dolby, a global technology major in audio, imaging and voice, said it will deepen its cooperation with partners…
Tech firms spending big on strategic land buys
A file photo shows a horse-themed setup by ByteDance’s Douyin in Shanghai on Jan 27. CHEN YUYU/FOR CHINA DAILY China’s internet giants are ramping up land purchases in major cities,…
China ramps up reform of smaller lenders
China has accelerated reforms and risk management practices among small and medium-sized financial institutions this year as policymakers push to build stronger, more resilient lenders that are better rooted in…
Shanghai substation powers up Lexus’ EV production plans
A substation dedicated to serving the power supply of Japanese carmaker Toyota’s wholly-owned Lexus electric vehicle plant officially began operations in Shanghai on April 30, paving the way for the…
Great road ahead for Sino-Europe autos
Chinese auto company Geely officially entered the UK market with the launch of its first model, the Geely EX5, in October 2025. Once, the most coveted cars on China’s roads…
Warehouse receipts are reshaping China’s commodity trade
Shanghai Commodity Warehouse Receipt Registration Co Ltd, or NCWR, has leveraged warehouse receipt registration to drive the comprehensive digitalization of the commodity ecosystem, facilitating the integrated development of the Yangtze…