Subway boosts presence in China

United States-based sandwich chain Subway on Tuesday announced the opening of its 4,000th store in the Asia-Pacific region. The opening of the new store in Shanghai marks a key step in the brand's accelerated expansion in the Chinese market, the company said. As one of the world's leading fast-food chains, Subway has been increasing its investment in China. Since June 2023, Subway has opened over 250 new stores on the Chinese mainland.

Central SOEs invest in emerging industries

The investment of China's centrally administrated State-owned enterprises in strategic emerging industries reached 1.4 trillion yuan ($196.6 billion) in the first three quarters, official data showed. The investment during the period jumped 17.6 percent year-on-year, accounting for nearly 40 percent of central SOEs' total investment, said the State-owned Assets Supervision and Administration Commission of the State Council.