Cast and crew members of all six upcoming films competing for the Spring Festival market gather at a promotional event held in China National Film Museum on Jan 23, 2025. [Photo provided to chinadaily.com.cn] BEIJING — With two days to go before the Spring Festival holiday, China’s box office pre-sales for the holiday have reached…
China will actively expand imports this year even in the face of escalating trade protectionism, transforming its super-sized market into a shared global one that injects fresh momentum into the global economy, officials and experts said on Thursday. “China’s ongoing efforts to scale up its imports represent a proactive response to its responsibilities as a…
United States President Donald Trump has signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former president Joe Biden. Trump’s order last week is consistent with pledges he made on the campaign trail to end what he calls a “preposterous” focus on EVs by Biden and other…
A shopper tries on a gold bracelet at a jewelry store in Chongqing. SUN KAIFANG/FOR CHINA DAILY China’s domestic gold production in 2024 exceeded 377.24 metric tons, up by 2.087 tons from 2023, reflecting a year-on-year increase of 0.56 percent, according to the latest data from the China Gold Association. However, gold consumption in the…
Cao Yang Multinational energy company Baker Hughes is eyeing growing opportunities from China’s energy transition, expressing strong optimism about its development in the country and underscoring the nation’s critical role in supporting its global supply chain. “China is a key part of our global supply chain and an important pillar in maintaining our global competitiveness,”…
Further improving the business environment is high on Shanghai’s agenda, as it helps the city better achieve its high-quality economic growth target, officials and industry experts said. All the 150 reform measures included in the business environment improvement action plan 7.0, which was released in February 2024, were completed by the end of last year,…
PepsiCo has partnered with Jiangsu Rilong Food Co Ltd to establish an oat production facility in Jiangsu province in an effort to optimize costs, enhance efficiency and strengthen its presence in China’s growing oat market. The move is seen as a response to the increasing health consciousness among Chinese consumers and rising demand for premium…
View of a Louis Vuitton store in Hangzhou, Zhejiang province, in October. LONG WEI/FOR CHINA DAILY Luxury brands are increasingly embracing adaptability and steadiness in the Chinese market, positioning themselves for sustainable growth amid evolving consumer preferences and a cautiously optimistic economic environment, according to the latest industry analysis. Top performers such as Moncler, Jaeger-LeCoultre,…
Shoppers buy goods for Spring Festival at a supermarket in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY Chinese consumers are demonstrating a strong appetite for quality of life, wellness and meaningful experiences with increased spending confidence and intentions despite an overall cautious sentiment, according to a new report released by global consulting firm AlixPartners. The…
Electric bicycle riders don thick clothing on their way to work in Shanghai in November. CHINA DAILY BEIJING — China’s Ministry of Commerce and four other departments on Thursday announced new policies for the electric bicycle trade-in program for 2025. Individuals who trade in their old electric bicycles and purchase eligible new models will qualify…