A technician checks solar panel products at a new energy tech company in Hefei, Anhui province. RUAN XUEFENG/FOR CHINA DAILY China’s solar power installations are expected to decline in 2025, as the industry cuts excessive production and shifts toward a more rational deployment of photovoltaic projects, according to industry forecasts. China’s newly installed photovoltaic capacity…
Diners wait for food at a Domino’s Pizza outlet in Yangzhou, Jiangsu province, in July. CHEN YANG/FOR CHINA DAILY US-based Domino’s Pizza Inc, the world’s largest pizza company in terms of revenue, said it plans to further expand its footprint in China by opening more than 600 stores through 2026 as the pizza chain works to…
Customers shop at a Maidelong store in Huaian, Jiangsu province, in January. ZHAO QIRUI/FOR CHINA DAILY Membership stores have continued gaining traction in the Chinese retail market as middle-income consumers increasingly prioritize product quality and healthy lifestyles. Maidelong, formerly known as Metro China, is accelerating its retail expansion this year, increasing its presence in lower-tier cities…
Shoppers browse mobile phones offering trade-in subsidies at a store in Tongling, Anhui province. CHU ZHUCHUAN/FOR CHINA DAILY China’s home appliances and consumer electronics sector is expected to show strong growth momentum this year, fueled by the country’s latest measures to expand the scope of its consumer goods trade-in program amid a broader drive to boost…
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of Dubai Multi Commodities Center, delivers a speech during DMCC’s roadshow in Beijing. [Photo provided to chinadaily.com.cn] A growing number of Chinese enterprises from various sectors have settled in Dubai Multi Commodities Center, the largest free trade zone in the United Arab Emirates, as they look…
Intelligent robots work on a vehicle production line in Changchun, Jilin province, on April 24, 2024. [Photo/Xinhua] BEIJING – China’s top market regulator on Thursday reported that by the end of 2024, the percentage of domestically manufactured products that met quality standards had steadily increased. By the end of last year, 93.93 percent of Chinese…
With China creating more favorable conditions for multinational corporations to attract foreign investment, Mondelez International Inc, the United States snack food manufacturer, plans to seize more opportunities from the country’s consumption upgrade and innovation strength. “China is a land of opportunity for Mondelez, and I deeply cherish the bond we share with this market. If…
A staff member distributes parcels at the workshop of a logistics company in Lanshan county of Yongzhou city, Central China’s Hunan province. [Photo/Xinhua] BEIJING – China’s logistics sector reported improvements in overall efficiency last year, an industry report showed Thursday. The ratio of social logistics cost to GDP, a key indicator reflecting cost efficiency of…
The skyline of Beijing. [Photo/VCG] BEIJING – Beijing saw the establishment of 2,012 new foreign-invested enterprises in 2024, marking a 16.4 percent year-on-year increase, according to the Beijing Municipal Commerce Bureau. This growth rate surpassed the national average by 6.5 percentage points, said Guo Wenjie, deputy director of the bureau. The capital city has implemented…
A bird’s-eye view of mascots of China International Consumer Products Expo. [Photo/VCG] HAIKOU – The fifth China International Consumer Products Expo (CICPE), a key platform for global trade and consumption trends, will take place in Haikou, the capital city of South China’s Hainan province, from April 13 to 18, the event’s organizers announced at a…