Consumers enjoy coffee at a Luckin Coffee store in Xuzhou, Jiangsu province, in August. [Photo provided to China Daily] Luckin Coffee, a leading player in China’s coffee market, has long considered Starbucks its primary competitor. With over 20,000 stores nationwide as of July this year, Luckin has surpassed Starbucks as the largest on-premise coffee chain in…
Scores of people attend the Chengdu Motor Show, which kicked off on Friday and ran through Sept 8 in Chengdu, Sichuan province. [Photo by Cao Yingying/China Daily] BEIJING — China’s new energy passenger vehicle market continued to see robust growth in August, with retail sales reaching 1.03 million units, industry association data showed on Monday.…
An aerial view of a CNOOC drilling platform in Bohai Bay. [Photo/Xinhua] China’s efforts to bolster energy security took a significant leap forward as its two largest oilfields achieved historic production milestones, underscoring the nation’s commitment to enhancing domestic energy supplies amid global uncertainties. China National Offshore Oil Corp (CNOOC) said last Tuesday that Bohai…
Apple iPhone 16 models are displayed following Apple’s “It’s Glowtime” event in Cupertino, California, Sept 9, 2024. [Photo/VCG] Apple released new products at the “It’s Glowtime” event in Cupertino, California on Monday. Apple iPhone 16 models and the latest version of Apple Watch models attracted people’s attention. Let’s take a look at the new products…
China’s consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored. The consumer price index (CPI), a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in…
A German business delegation visits Chongqing City Vocational College on Thursday. CHEN ANXIN/FOR CHINA DAILY A good location, strong industrial strength, ample skilled workers, a beautiful environment and a supportive local government in Chongqing’s Yongchuan district impressed a visiting German business delegation last week, as they signed a series of agreements in modern manufacturing and…
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Visitors check out products during the 24th China International Fair for Investment and Trade in Xiamen, Fujian province. HU MEIDONG/CHINA DAILY China’s commitment to high-standard opening-up and expanded cooperation has created more opportunities for the outside world and boosted foreign investors’ confidence, officials and business leaders have said. They made the remarks at the 24th…
The skyline of Beijing. [Photo/VCG] Multinational corporations have vowed to deepen ties with their partners in China and seize the tremendous opportunities, as the country has removed all foreign investment restrictions in the manufacturing sector with the release of the 2024 version of the negative list for foreign investment access. The release of the shortened…
The 6th Bund Summit is scheduled to take place in Shanghai from Sept 5 to 7. [Photo provided to chinadaily.com.cn] SHANGHAI — Economists and business leaders at the 2024 Bund Summit agreed that China’s long-term quest for high-quality development and its capacity to innovate have become new engines for its economic growth in the long…