A total of 11 Chinese brands feature in the most valuable global brands list, according to the latest Kantar BrandZ Most Valuable Global Brands ranking. Tencent, ranking 10th in the 2024 Most Valuable Global Brands list, has become the most valuable Chinese brand, followed by Kweichow Moutai, Alibaba and Douyin/TikTok. Let’s take a look at…
GUIYANG – The Guiyang big data exchange, China’s first of its kind, has seen its cumulative transaction value exceeding 5.4 billion yuan ($757.37 million) since its inception. Launched in 2015 in Guiyang, the capital of southwest China’s Guizhou province, the exchange has grown to include over 1,000 trading entities. This achievement was announced during the…
The construction of Yongning Bridge, the largest multi-tower rigid suspension bridge in China designed for both rail and road traffic, was successfully completed in Wenzhou, East China’s Zhejiang province on Wednesday, according to its builder, Road & Bridge International Co Ltd. The double-deck bridge spans a total length of 3.12 kilometers, with the main span…
Toy giant Lego Group, which operates over 480 stores across more than 120 cities in China, has reaffirmed it will continue to invest in the Chinese market for long-term growth. Lego announced its decision after posting robust first-half results, marked by 13 percent year-on-year growth in overall revenue to 31 billion Danish krone ($4.62 billion)…
Over recent months, a seemingly surprising trend has emerged on the global financial landscape — foreign investors are flocking to Chinese renminbi bonds, even as US bonds boast higher yields. As of July, overseas institutions’ holdings in China’s interbank bond market had risen for 11 consecutive months, an increase in foreign holdings of as much…
High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang/China Daily] China, by fully harnessing the power of market mechanisms, particularly through the utilization of commercial insurance products and services, will intensify efforts to elevate the overall quality and effectiveness of insurance coverage, the State Council, the country’s…
A robot (left) inspects operations at a net-zero emissions data center in Haidong, Qinghai province, in March.[LI JUN/CHINA NEWS SERVICE] BEIJING — China is set to remove more entry barriers in emerging industries by leveraging special policy tools to facilitate the application of new technologies, the country’s top economic planner said Friday. Pilot programs will…
The Rox 01 is shown at the Chengdu auto show on Aug 30, 2024. [Photo by Cao Yingying/chinadaily.com.cn] Rox Motor, a Chinese startup focused on outdoor living vehicles, has made efforts to expand its overseas network by joining hands with global partners. At the ongoing Chengdu auto show, which kicked off on Friday, Rox signed…
China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China’s retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in…
CHONGQING — China’s national Beidou high-precision navigation and positioning service platform has entered trial operation, representing new progress in the country’s indigenous satellite navigation capabilities, the National Geomatics Center of China revealed in Chongqing on Thursday. Developed under the leadership of the Ministry of Natural Resources, the platform integrates satellite navigation and positioning base stations…