BEIJING — A total of 30,014 foreign-invested enterprises were newly established in the Chinese mainland in the first six months this year, representing year-on-year growth of 11.7 percent, the Ministry of Commerce said on Tuesday. During the period, foreign direct investment (FDI) in the Chinese mainland in actual use totaled 423.23 billion yuan ($59.18 billion),…
Driving the development of new quality productive forces through scientific and technological innovation and building a modern industrial system constitute the key pathway for China to anchor its goal of high-quality economic development, seize opportunities to gain strategic initiative, and achieve great national rejuvenation. Currently, consumer-oriented, personalized, and flexible manufacturing products are rapidly becoming part…
An employee sorts fitness equipment at Shandong DHZ Fitness Equipment Co Ltd in Ningjin county, Shandong province, in April. Zhu Zheng / Xinhua In a bustling gym in Sao Paulo, Brazil, the owner adjusted a sleek, steel-gray bench press machine. The equipment gleamed under the fluorescent lights, branded with a name few in Brazil would…
A view of Shandong DHZ Fitness Equipment Co Ltd’s factory. LIU WEIFENG/CHINA DAILY On any given night in a modest office in Ningjin, a small county in China’s Dezhou, Shandong province, a man in a simple blue t-shirt pours himself tea, places his smartphone on a stand and starts talking to thousands of gym owners, investors…
[Photo/VCG] As Hong Kong’s Stablecoins Ordinance will take effect on Friday, the Hong Kong Monetary Authority issued detailed regulatory guidelines for stablecoin issuers on Tuesday, emphasizing that it will adopt a cautious approach during the early stages of the virtual currency sector’s development, and consider easing requirements over time based on market experience. To streamline…
Shanghai ranked first nationwide in the comprehensive night economy index by recording an average of 4.03 million nighttime trips in 2024, according to a latest report. Published by Shanghai Yicai Media Group on Saturday, the report states that Shanghai’s nighttime lighting covered 75 percent of the city’s area, while over 264,900 late-night film screenings were…
If the fitness equipment industry were a big exam, Ningjin, a small county in Shandong’s Dezhou would be the top scorer, rising from humble beginnings. As China’s largest manufacturing base for commercial fitness gear, it supplies 70 percent of the domestic market and exports to over 170 countries and regions worldwide. How did this small…
Tourists enjoy rafting amid mountain scenery on the Maoyan River in Zhangjiajie, Hunan province. WU YONGBING/FOR CHINA DAILY As summer heat arrives, the popularity of drifting along waterways in an attempt to keep cool continues to rise across the country, helping propel the event from a singular water entertainment activity to one of the premier choices…
Paddleboarding enthusiasts make the most of nice weather to visit Liangma River in Beijing on July 20. CHEN XIAOGEN/FOR CHINA DAILY Urbanites are turning to outdoor water-related activities for relief this summer. In Beijing, paddleboarding on Liangma River has quickly emerged as one of the most popular ways to cool off, stay fit and socialize. Among…
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] As markets await China to unveil its economic policy roadmap for the second half, economists and policy advisers have renewed calls for ramping up fiscal stimulus measures to address persistent challenges in the property sector and local government…