China issues guidelines to improve capacity, quality of service sector
BEIJING — China has issued a new set of guidelines aimed at expanding capacity and upgrading the quality of the service sector. The guidelines, released by the State Council on…
TCM firm enters innovative pharma
A view of the booth of Yunnan Baiyao Group during an expo in Shanghai. CHINA DAILY Yunnan Baiyao Group, a century-old pharmaceutical brand based in Southwest China’s Yunnan province, continues…
Height of attraction: Guizhou bridge is a magnet for thrill-seekers
When standing on a bridge 625 meters in the air, flanked by steep karst cliffs and a roaring river far below, the last thing most people would consider doing is…
Keepers of the mountainous scenery
A view of Home in the Distance, a popular homestay in Zhangjiajie, Hunan province. CHINA DAILY On Leijia Mountain, 956 meters above sea level, Xu Lihui rises before dawn. The…
Effort targets irregular stock selloffs
China is intensifying its crackdown on irregular share disposals by listed companies’ major shareholders, as new draft rules seek to reduce enforcement discretion, enhance market fairness and improve investor protections,…
Services sector opening-up to boost MNCs
China’s efforts to deepen opening-up in its services sector will unlock new opportunities for foreign companies, as policymakers steer the economy toward innovation, consumption and higher-value growth, said market watchers…
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…