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New Business

Chinese biotech firm secures US$6 billion Pfizer deal for cancer drug

Chinese drug maker 3SBio has licensed its new cancer drug to US pharmaceutical giant Pfizer in the largest deal ever…

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New Business

Gucci, Prada close more China outlets as consumers cut luxury spending

Global luxury retailers are hastening their retreat from China by shutting stores in high-end shopping malls across major mainland cities,…

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New Business

Going big on 2025 GDP, major Chinese local-level economies unveil ambitious targets

Some of China’s economically critical provinces and cities have unveiled ambitious gross domestic product goals for this year, signalling that…

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