Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY BEIJING — China has reaffirmed its support for the national consumer goods trade-in program, ensuring continued funding to sustain the government subsidy payment throughout 2025. The program, a key part of the country’s broader strategy to stimulate…
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Laopu Gold Co, the fast-rising Chinese heritage gold jewelry brand, is shaking up the global luxury scene with a stock price that has surged more than 22-fold since its June 2024 debut and a market value of HK$152.2 billion ($19.39 billion). Trading at HK$881 from an IPO price of HK$40.5 on the Hong Kong stock…
A woman takes selfie with art toys in a new Pop Mart offline store in Bangkok, Thailand, July 5, 2024. [Photo/Xinhua] Dongguan, Guangdong province, a manufacturing hub for the global toy industry, is undergoing a transformation to make more collectible and designer toys, driven by domestic demand and international appeal. From contract manufacturing to original…
NEW YORK – US President Donald Trump will extend the deadline for ByteDance Ltd to divest TikTok’s US operations for the third time, allowing the app to continue operating in the United States as negotiations continue, the White House said Tuesday. “As he has said many times, President Trump does not want TikTok to go…
Containers are loaded onto a China-Vietnam freight train at Nanning International Railway Port in Nanning, capital of South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] NANNING — At a fully automated production line in South China’s Guangxi Zhuang autonomous region, cans of energy drinks rolled off conveyors, destined for shelves across China. Operated by Thai conglomerate…
Yutong Bus Co, a leading Chinese bus manufacturer headquartered in Zhengzhou, Henan province, is expected to have its new batch of buses for the Central Asian market officially come off the production line this month, marking new progress in Yutong’s deep integration into the Central Asian market. Since the beginning of this year, Yutong has…
China will further streamline the approval process for compliant rare earth export applications, said the Ministry of Commerce on Thursday. [Photo/Xinhua] China will further streamline the approval process for compliant rare earth export applications as part of broader efforts to maintain the stability of global industrial and supply chains, said the Ministry of Commerce on…
A view of Shanghai Pudong Development Bank in Shanghai. CHINA DAILY With Shanghai’s strong links to the Chinese mainland market and Hong Kong’s status as a global financial gateway, the two cities’ differentiated strengths form a uniquely complementary partnership that could drive China’s rise as a global financial powerhouse, according to Zhang Weizhong, chairman of Shanghai…
CAI MENG/CHINA DAILY The Global South has soared since the 1980s. As developed economies’ share of global GDP declines, emerging markets have seen their proportion rise from approximately 15 percent to 42 percent. In purchasing power parity terms, emerging markets collectively surpassed developed economies as early as 2008, while BRICS overtook the G7 in around…