A woman checks a display of handbags at an exhibition in Shanghai in May. CHINA DAILY China’s domestic handbag brands are making a significant impact in the premium market. Despite many unit prices exceeding 1,000 yuan ($138) — and some even soaring beyond 10,000 yuan — interest among consumers remains robust. Brands such as Songmont…
The long-term plan and strong support to innovation shows how strong the future of China will be, said Suliman Al-Mazroua, CEO of Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP), to China Daily Website during an interview at the 2025 ZGC Forum. Tanks to chinadaily.com.cn Please visit: Our Sponsor
A view of a Li-Ning store in Shanghai in February. CHINA DAILY Leading global sportswear brands are capitalizing on the substantial growth potential of the Chinese market, which is driving their expansion and investment strategies. Among these brands, Lululemon Athletica Inc has emerged as a standout performer, reporting impressive financial results for the fourth quarter…
A humanoid robot performs at Zhongguancun International Innovation Center, venue for the 2025 Zhongguancun Forum (ZGC Forum) Annual Conference, in Beijing, capital of China, March 27, 2025. [Photo/Xinhua] China’s advancements in artificial intelligence have captivated global attention and emerged as a pivotal draw for foreign investment, said Hoffman Cheong, EY China North managing partner, at…
BEIJING – China’s services trade saw steady growth in the first two months of the year, including a steep increase in the trade of travel-related services, official data showed on Tuesday. The country’s services trade totaled nearly 1.31 trillion yuan ($182.51 billion) during the period, up 9.9 percent year-on-year, according to the Ministry of Commerce.…
A humanoid robot shakes hands with a journalist at Zhongguancun International Innovation Center, venue for the 2025 Zhongguancun Forum (ZGC Forum) Annual Conference, in Beijing, capital of China, March 27, 2025. [Photo/Xinhua] Artificial intelligence can reshape every industry in China, but only if it enhances productivity, said Gao Xuefeng, founder and CEO of Chinese tech…
BEIJING – Chinese authorities are mulling the nationwide expansion of a pilot cash-pooling program that integrates domestic and foreign currency management for large multinational enterprises, according to a draft regulation released on Tuesday to solicit public opinion. A cash-pooling policy framework that integrates domestic and foreign currency management will be established to facilitate the transfer…
BEIJING — China on Tuesday unveiled a plan to strengthen financial services for technology-based enterprises, as part of the country’s efforts to promote integrated advancements in technological and industrial innovation. The plan, jointly issued by the National Financial Regulatory Administration, the Ministry of Science and Technology and the National Development and Reform Commission, outlines measures…
[Photo provided to chinadaily.com.cn] The China Equipment Technology City (Deyang) Promotion Conference projects signing ceremony in the Guangdong-Hong Kong-Macao Greater Bay Area (Shenzhen) kicked off on March 26 in Shenzhen, Guangdong province. The event attracted participation from more than 300 companies and institutions. Huang Chaoyang, deputy secretary of the CPC Deyang Municipal Committee and mayor…
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