Consumers check out Labubu figures at a Pop Mart store in the Siam Center shopping mall in Bangkok on Tuesday. LILLIAN SUWANRUMPHA/AFP Pop Mart International Group Ltd, a China-based trendy collectible toy maker, is banking on the new global craze surrounding its plush product series of Labubu figures, the company’s beloved intellectual property under The…
An aerial image shows the construction of Legoland Shanghai. Located in Shanghai’s Jinshan district, the 318,000-square-meter resort will become the biggest Legoland at opening in the world. [CHINA DAILY] British entertainment group Merlin Entertainments announced on Wednesday that Legoland Shanghai Resort will welcome its first visitors on July 5, marking the debut of what will…
Staff members of Hainan Airlines check in passengers bound for London, at Haikou Meilan International Airport in South China’s Hainan province, on May 7, 2025. Flight HU7911 took off from Haikou Meilan International Airport in Hainan province, bound for London, UK, marking the official launch of the regular passenger route between Haikou and London. [Photo/VCG]…
Employees work on an auto production line of Volkswagen in Hefei, capital of Anhui province. CHEN ZHUO/FOR CHINA DAILY Nearly 40 percent of German companies said they plan to accelerate their localization in China, in the wake of recent trade conflict escalation between the United States and China, a survey by the German Chamber of Commerce…
Consumers are seen at a retail complex operated by Pangdonglai in Xuchang, Henan province, on April 28. [NIU SHUPEI/FOR CHINA DAILY] Pangdonglai, a widely known retail chain despite operating just 13 stores in a mere two cities in Henan province, shut down its official website on Tuesday. The shutdown was seen by many as linked…
BEIJING – Companies listed on the Beijing Stock Exchange posted stable performances in 2024, with over 80 percent achieving profitability, the stock exchange said on Tuesday. Its data shows that the 265 companies listed on the exchange accumulated total operating revenues of 180.85 billion yuan ($25.12 billion) last year, with profits coming in at 11.03…
China-based Inspur Intelligent Terminal Co Ltd, a global provider of industry-specific intelligent terminal services with market presence covering over 30 countries and regions, has partnered with two leading Singaporean firms to help drive digital transformation in Singapore and Southeast Asia and empower smart living. Inspur Intelligent Terminal officially has entered into a deep strategic cooperation…
In an exclusive interview with China Perspectives, Justin Yifu Lin, former chief economist of the World Bank, said, given the limited resources, China allocates them to support high-productivity industries, while the US directs resources to sectors that lower its productivity. “In such a competition, the eventual winner is clear,” he said. Reporters: Liu Zhihua, Liu…
Billionaire investor Warren Buffett and Apple CEO Tim Cook have joined a chorus of business leaders warning against Washington’s tariff-driven trade policies, highlighting that they are inflating costs for companies in the United States and harming economic growth. Their remarks show that even large corporations with diversified supply chains, like Apple, are feeling the strain,…
Chongqing Brewery Company, representing Carlsberg China, reports increases in sales volume and operating revenue in the first quarter of 2025. [Photo provided to chinadaily.com.cn] Introduction of multiple new products and packaging have helped Chongqing Brewery Company, a brewer based in Chongqing in Southwest China, to record increases in sales volume and operating revenue in the…