Shoppers seen at a supermarket in Zaozhuang, Shandong province. [SUN ZHONGZHE/FOR CHINA DAILY] Chinese supermarket chains have reported increases in both visitor numbers and online sales, with three out of four that undertook adjustments and renovations in 2024 achieving growth, according to a report by the China Chain Store and Franchise Association. The findings highlight…
NEW YORK — Nasdaq, a major stock exchange in the world, celebrated the Chinese New Year on Monday afternoon by holding a closing bell ceremony in partnership with the Chinese Consulate General in New York. Marking the 16th year of celebrating the Spring Festival at Nasdaq, Chen Li, the Chinese consul general in New York,…
A consumer checks out Lenovo laptops in Shanghai in May. CHINA DAILY China’s consumption, powered by a more proactive fiscal policy and a moderately loose monetary policy, will bring out greater vitality and play a bigger role in spurring overall economic growth this year, said officials and executives. Consumer goods trade-in initiatives will serve a…
China’s general public budget revenue, which is the sum-up of tax revenue and non-tax revenue, reached more than 21.97 trillion yuan ($3.03 trillion) last year, increasing 1.3 percent year-on-year, the latest data from the Ministry of Finance showed on Friday. The fiscal revenue had showed greater growth momentum toward the end of the year, following…
Inbound tourists arriving by cruise ship watch a lion dance performance in Shanghai, East China, Jan 8, 2025. [Photo/Xinhua] BEIJING — As China continues to relax its visa-free policies, the country has seen a notable increase in foreign visitors joining the Spring Festival travel rush, eager to experience its rich cultural traditions. The Spring Festival…
The European Commission has officially established the European Board on Agriculture and Food (EBAF), fulfilling a key recommendation of the Strategic Dialogue on the Future of… Read More »European Commission establishes the European Board on Agriculture and Food
A Japanese consumer experiences the products of Chinese beauty brand Florasis at its newly launched flagship store in Tokyo, on Jan 27, 2025. [Photo provided to chinadaily.com.cn] Huaxizi, or Florasis in English, a Chinese beauty brand with cultural and aesthetic attributes, launched its first overseas flagship store in Tokyo’s Ginza area on Monday, becoming the first…
Customers apply for subsidies under the trade-in program in Hangzhou, Zhejiang province, in October. [Photo/Xinhua] China’s trade-in policy achieved significant results in 2024, said Sheng Qiuping, vice-minister of commerce, at a news conference in Beijing on Friday. Last year, more than 6.8 million vehicles were traded in for new ones. More than 62.76 million units…
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Tourists visit the Shenyang Imperial Palace Museum in Northeast China’s Liaoning province, on Jan 9, 2025. [Photo/Xinhua] In the vast expanse of Northeast China, railways have become a fast, reliable and convenient means of transportation for people, injecting vitality into the economic development of the region’s tourism economy. Since the Spring Festival travel rush began…