Powering new quality productive forces: Quantum technology
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Top 10 Chinese cities in luxury goods consumption in 2023
Chinese people spent 1.04 trillion yuan ($145.65 billion) on luxury goods in 2023, accounting for 38 percent of global luxury goods market, according to ThePaper, citing China Luxury Report released by Yaok Institute. China’s luxury goods industry is becoming a core force driving consumption growth in the country, said Zhou Ting, head of the Yaok…
China’s data industry galloping toward wider digital future
A visitor checks out Haier’s booth during an electronics expo in Shanghai in March. CHINA DAILY BEIJING — With its far-reaching impact across various sectors, the data industry is rapidly evolving into a game-changer in China, contributing to the country’s economic growth and digital transformation. Last year, the total amount of data generated nationwide reached…
China’s logistics sector sustains steady growth in August
Containers are loaded onto ships at Huai’an Port in East China’s Jiangsu province. ZHAO QIRUI/FOR CHINA DAILY BEIJING – China’s logistics sector continued steady expansion in August thanks to growing logistics demand, an industry report showed Monday. The index tracking the country’s logistics market stood at 51.5 percent in August, up 0.5 percentage points from…
Cutting-edge technologies shine at Big Data Expo 2024
Drones are on display at the China International Big Data Industry Expo 2024 in Guiyang, capital of Southwest China’s Guizhou province, on Aug 28, 2024. [Photo/Xinhua] Cutting-edge technologies shine at the 2024 China International Big Data Industry Expo or Big Data Expo 2024 in Guiyang, the capital of Southwest China’s Guizhou province. Themed “Smart Digital…
China’s commercial bank profits still reasonable: official
Employees of China Merchants Bank at a booth at a financial exhibition in Guangzhou, Guangdong province. [Photo by Liu Jiao/For China Daily] BEIJING – The profit level of China’s commercial banks remains in a reasonable range, an official of the National Financial Regulatory Administration said on Wednesday. In the first half of this year, the…
Emerging fields inject new vitality into special relationship
A taxi driver tries out a Chinese-branded EV in Mombasa, Kenya, Aug 16, 2024. [Photo/Xinhua] In 2013, when I worked in Addis Ababa, Ethiopia, in the run-up to the launch of China Daily’s African edition, a local auto dealer told me that unlike in China, where cars are purely consumer products, Ethiopians treat them as…
EVs showing greater potential to feed grids
Charging piles seen on a street in Changzhou, Jiangsu province. WANG QIMING/FOR CHINA DAILY Electric vehicles can potentially double up as super giant “mobile power banks” to support electricity supply and ensure grid stability during peak power consumption periods, as recent trials across Jiangsu province have shown, experts said. Jiangsu has launched China’s first large-scale vehicle-to-grid…
China’s forex reserves register biggest rise in 7 months
China’s foreign exchange reserves increased to $3.2564 trillion as of the end of July, up 1.06 percent or $34 billion from the previous month, the biggest increase so far this year, official data showed on Wednesday. The State Administration of Foreign Exchange said that the country’s foreign exchange reserves rose last month amid a declining…
Top 5 foldable screen cellphone brands in China in 2023
Data from global market consultancy IDC showed that, in the year of 2023, shipments in Chinese foldable screen mobile phone market were about 7.01 million units, an increase of 114.5 percent on a yearly basis. As android manufacturers and upstream supply chains continue to increase investment in research and development coupled with further price cuts,…