Investors consult with employees of a securities exchange company in Jinhua, Zhejiang province, about equity trading on Tuesday. [Photo by Shi Bufa/ For China Daily] As there have been more signs recently of a bull run in the A-share market, including soaring indexes and the stratospheric level of the trading volume, more economic stimulus policies…
A view of the Victoria Harbor in Hong Kong. [Photo/IC] Following a 36.1 percent surge in visitors during the weeklong National Day holiday, the Hong Kong Special Administrative Region’s government and business community are hoping that year-round inbound travel numbers and consumer spending will bounce back to pre-COVID levels. The National Day holiday, which began…
A consumer (right) learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING – The ongoing trade-in program for home appliances has led to a surge in sales revenues which topped 33.5 billion yuan ($4.78 billion) since August, the latest data from the Ministry of Commerce…
AI China’s economy is grappling with the significant challenge of weak consumer demand. Data from second-quarter GDP growth show that gross capital formation, final consumption expenditure, and net exports contributed 1.9, 2.2, and 0.6 percentage points to economic growth, respectively. Notably, the role of consumption in driving economic growth has waned, declining by 1.7 percentage…
[Photo/IC] From the 1990s to 2008, global industrial supply chains experienced a golden era. However, due to the United States’ adherence to the mindset of national competition and zero-sum game thinking, it has introduced various restrictive measures in recent years, leading to disruptions in the operation of those chains. Under such circumstances, rebuilding political trust…
[Photo/IC] China’s minister of commerce will hold a phone conversation with his US counterpart soon to discuss in-depth economic and trade issues of mutual concern between the two countries, CCTV News reported on Tuesday. The conversation, which serves as a regular mechanism of dialogue between the two commerce departments, will include issues such as the…
More than 80 representatives from businesses and universities gathered in Shanghai on Saturday to discuss the opportunities and challenges faced by Chinese companies looking to go international. [Photo provided to chinadaily.com.cn] More than 80 representatives from businesses and universities gathered in Shanghai on Saturday to discuss the opportunities and challenges faced by Chinese companies looking…
In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. By the 1990s, many of these companies began building factories in locations…
Hangzhou, Zhejiang province, is developing a new type of power system by incorporating such clean energy resources as hydropower, wind, solar and storage, so as to raise its proportion of clean energy. Recently, the city facilitated the Shuangxikou Reservoir — the first medium-sized reservoir with a gravity-arch dam in Zhejiang — to begin to store…
Vehicles are under examination at a smart factory of Seres Group in Liangjiang New Area, Southwest China’s Chongqing municipality, April 25, 2024. [Photo/Xinhua] Profits at China’s major industrial companies slumped in August, the National Bureau of Statistics said on Friday, reflecting corporate pain stemming from weakening market demand. Industrial enterprises with annual revenue of at…