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Global South rises in addressing economic challenges

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…

EU-Mercosur trade up substantially in the last decade

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China Eastern Airlines launches Shanghai-Geneva direct flight

China Eastern Airlines’ flight MU217 arrived at Geneva International Airport in Switzerland from the Shanghai Pudong International Airport on Monday (June 16) with 243 passengers onboard, marking its inaugural flight operated by the Shanghai-based carrier. The carrier also becomes the first Chinese airliner to operate the route. The Shanghai-Geneva flight will service four round trips…

Decline in asylum applicants and temporary protections

In 2024, 912 415 non-EU citizens lodged a first-time asylum application in the EU, indicating a 13.1% decrease from 1 049 508 in 2023. At the same time, 780 280 people having fled Ukraine received temporary protection, indicating a 26.1% drop from 1 056 010 in 2023. During the first quarter of 2025, 183 809…

Leading luxury hotel executives emphasize the significance of the Chinese market

Jee Hoong Tan, the hotel manager at Sindhorn Kempinski Hotel Bangkok, underscored the pivotal role Chinese tourists play in Thailand’s hospitality sector, noting that “30 percent of our customers are from China,” solidifying China as the primary source of customers for his hotel. Tan further highlighted their tailored menus, recruitment of Mandarin-speaking personnel, and the…

EU technical business services exports up 5% in 2023

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Legoland Shanghai key brick to build up toy biz in China

Performers stage a welcome show at Legoland Shanghai to greet preview visitors on May 31. The park is scheduled to officially open on July 5. CHEN AIPING/XINHUA The LEGO Group is viewing China as a high-potential market, as the toymaker gears up to open its much-anticipated Legoland Shanghai Resort on July 5. Julia Goldin, chief…

Shopping gala boosts market vitality

A livestreaming host promotes sales of home appliances in Qingdao, Shandong province. ZHANG YING/FOR CHINA DAILY Chinese consumers unleashed their massive purchasing power during the midyear “618” shopping carnival, a weekslong sales event that began in mid-May and reached a crescendo on Wednesday, June 18, which experts said is pivotal to bolstering the recovery of…

Audi unveils EV ambition with cutting-edge Changchun plant

Kuka robots are working on vehicle bodies at Audi FAW NEV Co’s plant in Changchun, Jilin province. [Photo provided to chinadaily.com.cn] German premium carmaker Audi has underlined its electric ambitions in China with its most advanced production facility, targeting the world’s largest and most competitive auto market. Built with a focus on sustainability, automation, and…

BD upgrades laboratory in Suzhou

Medical technology company BD announced on Friday that its laboratory in Suzhou, Jiangsu province, has been upgraded to the BD Pharmaceutical Systems – Greater Asia Integrated Technical Center. [Photo provided to chinadaily.com.cn] Medical technology company BD announced on Friday that its laboratory in Suzhou, Jiangsu province, has been upgraded to BD Pharmaceutical Systems — Greater…