British pharmaceutical giant AstraZeneca announced on Friday that it will invest $2.5 billion in a research and development center in the Chinese capital.
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AstraZeneca investing $2.5 billion in China as drugmaker seeks to recover from scandals
AstraZeneca said on Friday it will spend $2.5 billion on a research and development hub in Beijing, as the drugmaker scrambles to revive business in its second-biggest market after scandals including the arrest of its…
China to strengthen oversight of fees charged to businesses, cabinet meeting says
China will strengthen oversight of the fees government agencies charge to businesses, state broadcaster CCTV reported on Friday, citing a cabinet meeting.
China asks lenders to raise credit limit for consumer loans, report says
China has asked banks to raise credit limits for consumer loans, financial media outlet 21jingji reported on Friday, as part of its efforts to boost consumption to revive a slowing economy.
British pharma giant AstraZeneca to invest $2.5 billion in new China hub
British pharmaceutical giant AstraZeneca announced on Friday that it will invest $2.5 billion in a research and development center in Beijing, China.
PomDoctor Begins $15 Million U.S. IPO Rollout
Discover how PomDoctor Limited aims to revolutionize China’s telehealth industry with a $15M IPO, despite facing stiff competition. Read more on the POM IPO.
CK Hutchison shares drop after earnings, pro-Beijing paper’s fresh criticism cites security laws
CK Hutchison’s shares fell on Friday after it reported weak earnings and dividends, while pro-Beijing newspaper published a fresh editorial saying the firm’s controversial port sale could potentially …
As China tackles aging, elderly care robots hit fast track
China is witnessing a rapid integration of artificial intelligence (AI) and robotics into eldercare services, offering innovative solutions to the challenges of an aging population.
China says facial recognition should not be forced on individuals
China’s cyberspace regulator on Friday published regulations governing the use of facial recognition technology, separately stating that entities should not force individuals to verify their identity using facial recognition technology.
US Targets China’s ‘Teapot’ Oil Refiners to Choke Iran
Washington has issued new Iran-related sanctions, including a Chinese “teapot,” or independent refiner, and vessels that supply oil.
China is practicing ‘dogfighting’ with satellites as it ramps up space capabilities: US Space Force
China is practicing “dogfighting” satellites as part of its expanding capabilities in space, according to the United States Space Force, which warned that Washington’s key rivals are closing the …
China’s Biggest Food Delivery Firm Meituan’s Q4 Revenue in Line With Estimates
BEIJING (Reuters) – China’s largest food delivery firm Meituan posted on Friday a fourth-quarter revenue that was largely in line with estimates, amid sluggish Chinese consumption. In the quarter, …
China’s police chief and Russia’s FSB director meet in Beijing, Xinhua reports
China is willing to deepen cooperation with Russia in cyber security, counter-terrorism and combating cross-border crimes, China’s police chief told the head of Russia’s Federal Security Service (FSB) …
