Sam’s Club China replaces chairman after regulator’s food safety interview
Sam’s Club China has replaced its chairman following a regulatory interview with China’s top market regulator over food safety concerns, according to corporate filings. Walmart (China) Investment, the entity overseeing…
Yum China set to take control of Pizza Hut brand on mainland
Yum China Holdings is moving to take full ownership of the Pizza Hut brand on the Chinese mainland in a $1.2 billion deal, a strategic shift that would eliminate ongoing…
China hits out at ‘one-sided’ depiction of industrial success
China’s industrial competitiveness is built on intense market competition, a well-coordinated industrial system and an improving business environment, not simply government subsidies, a spokeswoman for the National Development and Reform…
Japan firms bullish about China biz
Japanese companies will remain committed to the Chinese market over the long term as they expect the country’s market scale, growth prospects and business opportunities to outweigh fluctuations in bilateral…
Tianjin boosts status as BCI powerhouse
A visitor experiences brain-computer interaction at the Haihe Laboratory of Brain-Computer Interaction and Human-Machine Integration in Tianjin. YAN DONGJIE/CHINA DAILY A dedicated industrial cluster for brain-computer interface was recently inaugurated…
Multinationals see China as key market, innovation hub
Business leaders highlighted the unique strengths of Chinese market during the seventh Qingdao Multinationals Summit which was held in Qingdao, East China’s Shandong province, from June 15-17. The summit, themed…
Sino-ASEAN synergies deliver vast potential
A photo taken in April shows the China-Laos 500-kilovolt power interconnection project. The flagship solar initiative had delivered nearly 200 million kilowatt-hours by end-May. CHINA DAILY As Southeast Asia accelerates…
China, Pakistan eye deeper capital market cooperation after landmark IPO
A Sino-Pakistani joint venture tire manufacturer debuted on the Pakistan Stock Exchange (PSX) on Monday, in a move market participants described as the first listing by a Chinese-invested company on…
JV sees record debut
A Sino-Pakistani joint venture tire manufacturer has debuted on the Pakistan Stock Exchange (PSX) in a move market participants described as the first listing by a Chinese-invested company on the…
A-share aerospace stocks surge on SpaceX IPO buzz
While the global capital market was recently abuzz with SpaceX’s record-breaking IPO, the Chinese commercial aerospace sector will ride the tide with a clearer market valuation model and strong government…