A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key infrastructure work, according to analysts. Such a concessional lender – part of an idea that has long been put on hold – would serve China,…
Starbucks has responded to rumours of a potential stake sale in its China operations after reports resurfaced that the American coffee giant is looking for buyers for its business in the country. “We see significant long-term potential in the market and are evaluating the best ways to capture the future growth opportunities,” the company said…
An 11-year-old boy was fatally shot in Houston, Texas after a prank in which he rang the doorbell of a home and ran away, police said. The boy had been ringing doorbells as a prank late on Saturday evening, the Houston Police Department said in a statement. Commonly referred to as “ding dong ditching”, the…
ByteDance has dismissed Qiao Mu, former head of its Doubao large language model (LLM) team, following an internal ethics probe. In a notice circulated internally on Monday, the TikTok owner cited a “prohibited conflict of interest” between Qiao and a former HR business partner, with both allegedly in a personal relationship and making false statements…
This aerial drone photo taken on July 10, 2025 shows a view of Longtan Container Terminal of Nanjing Port in Nanjing, East China“s Jiangsu province. [Photo/Xinhua] BEIJING – China is confident and well-prepared to continue promoting steady growth in and improving the quality of foreign trade, the Ministry of Commerce said Thursday. Currently, global economic…
Brine shrimp, also known as Artemia, are among the oldest surviving species on Earth, going back about 400 million years. They are widely used as aquaculture feed, and also have medicinal and cosmetic value. And now scientists have spotted them in the far reaches of the Taklamakan Desert in Xinjiang Uygur autonomous region. The shrimp…
JD.com is making a major push into China’s home renovation market with its acquisition of Sichuan-based Life Home Furnishings Group, a large direct-to-consumer interior design brand. The deal was among eight unconditionally approved merger cases announced by China’s State Administration for Market Regulation last week, and was finalized on June 4. Founded in 2010, Sichuan…
During the period of confrontation and separation across the Taiwan Strait, many families endured the pain of being forced to part. In 1979, the Chinese mainland issued the „Message to Compatriots in Taiwan“, an appeal to reconnect with the people across the Strait. Since then, family letters travelled many places before finally reaching the hands…
Seniors check out air conditioners at a shopping center in Shanghai. CHINADAILY As China“s silver economy is gaining growth momentum, top Chinese home appliance makers are ramping up efforts to launch products suitable for seniors — a demographic that has shown an increasing demand for diversified, easy-to-use and health-oriented household appliances. Experts said that with…
Consumers try out shoes at a Steve Madden store in Shanghai on July 23. CHINADAILY Global brands that once shifted part of their production out of the country are now turning back as they rediscover China“s enduring manufacturing edge. Steve Madden, the US-based footwear and accessories brand, began diversifying production last November, announcing in the…