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Intelligent mobile charging robots prepare for National Day rush

Intelligent mobile charging robots will be put into use in several expressways leading to Shanghai during the week-long National Day holiday starting on October 1. [Photo provided to chinadaily.com.cn] Intelligent mobile charging robots will be put into use in several expressways leading to Shanghai during the week-long National Day holiday starting Tuesday, which is expected…

China grappling with weak consumer demand

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…

Mainland investors’ trend to allocate assets globally on rise

Pedestrians walk past a cross-border financial advertising board in Hong Kong on Jan 20, 2022. [ZHANG WEI/CHINA NEWS SERVICE] Chinese people’s increasing interest in diversifying investments on a global scale has attracted rising attention from both policymakers and financial services providers. An HSBC Group survey showed that Chinese mainland investors’ willingness to allocate their assets…

Silver lining showing for A-share market

MA XUEJING/CHINA DAILY With active transactions, upbeat market sentiment, cyclically stronger consumption, and more often than not, economic stimulus packages, the well-known expression “Gold September and Silver October” has often been used to describe the vibrant Chinese property and capital markets in early autumn each year. The rule seems to be working this time, at…

US protectionism disrupting global supply chains

[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…

Beginning of a slow but sure recovery

An investor checks stock prices at a brokerage in Fuyang, Anhui province. [Photo by Lu Qijian/For China Daily] “Garbage time of history” has somehow become the catch phrase among Chinese A-share investors lately. Bearing a similar connotation to the metaphor of “chicken ribs “more familiar to most Chinese, indicating the doldrums in the stock market…

Hong Kong stocks rally to nearly 2-year high on stimulus tailwind

Pedestrians pass an electronic board showing Hong Kong’s Hang Seng Index in Tsim Sha Tsui on Wednesday. The index has soared in the past six days to reach a 20-month high.[ANDY CHONG/CHINA DAILY] Hong Kong stocks surged for a sixth day on Wednesday, amid growing optimism that Beijing’s sweeping stimulus package could reboot the world’s…

LEGO confident in growth in China

LEGO Group is confident in future growth in China. [Photo provided to chinadaily.com.cn] The LEGO Group, known for its brick sets, remains optimistic about its long-term growth in the Chinese market, focusing on innovation and local relevance. CEO Niels B. Christiansen reaffirmed the group’s commitment to continued investment in the market during a recent trip…