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…
An investor looks at share prices at a brokerage in Fuyang, Anhui province. [Photo by Wang Biao/For China Daily] Following the A-share market’s recent robust recovery buoyed by a number of stronger-than-expected stimulative policies, increasingly confident investors are attaching more attention to the stock market, whose upward momentum can be further consolidated by more supportive…
A foreign visitor uses Alipay when making payment. [Photo provided to chinadaily.com.cn] The spending made by overseas visitors via Alipay, a popular mobile payment tool launched by Chinese fintech company Ant Group, surged about 120 percent year-on-year during the first four days of the weeklong National Day holiday, according to data released by Alipay. The…
A visitor takes photos of LEGO brick artwork during the sixth China International Import Expo in November. ZHANG HENGWEI/CHINA NEWS SERVICE Lego Group remains optimistic about its long-term growth in the Chinese market, focusing on innovation and local relevance, said top official of the global building blocks maker. The company’s CEO Niels B.Christiansen made the…
An aerial drone photo taken on Nov 9, 2023 shows a newly-built residential complex in Feixi county of Hefei city, East China’s Anhui province. [Photo/Xinhua] Fueled by favorable policies, China’s residential real estate market witnessed an uptick in inquiries and viewings over the first three days of the National Day holiday. Experts have predicted a…
Visitors gather outside the World Table Tennis China Smash venue in Beijing on Sunday. WEI XIAOHAO/CHINA DAILY During this year’s National Day holiday, sports events across China, including those in Beijing and Shanghai, have been seen igniting public enthusiasm and spurring local consumption, reflected by ticket sales and retail figures from the tourism and catering sectors.…
The skyline of Beijing. [Photo/VCG] BERLIN – “German investments in China reached a new record in the first half of 2024, continuing the upward trend from 2023, when investment levels also set new benchmarks,” Hermann Simon, a prominent German economist known as the father of the “hidden champions” theory, told Xinhua in a recent interview.…
A view of the Shisanjianfang wind farm in Hami, Xinjiang Uygur autonomous region. MAO WEIHUA/CHINA DAILY With rapidly expanding wind manufacturing capacity backed by abundant natural resources, Hami in the Xinjiang Uygur autonomous region is poised to become a cornerstone in China’s renewable energy landscape. At Sany Renewable Energy’s megawatt-grade smart wind power equipment industry park…
A technician inspects the operation of an integrated computing center in Hami. [Photo provided to China Daily] As a number of high-tech and large-scale projects in emerging sectors are taking shape, Hami in the Xinjiang Uygur autonomous region is harnessing its abundant natural resources to spearhead an industrial transformation driven by new growth engines. Situated…
After Chinese Olympic athletes secured a treasure trove of medals at the 2024 Paris Summer Olympics, the excitement surrounding their accomplishments triggered a surge in consumer demand across sports-related industries, particularly boosting the popularity of niche sports such as climbing, fencing and surfing. A group of runners are seen at the Shanghai Elite 10K Race…