Consumers are seen at a retail complex operated by Pangdonglai in Xuchang, Henan province, on April 28. [NIU SHUPEI/FOR CHINA DAILY] Pangdonglai, a widely known retail chain despite operating just 13 stores in a mere two cities in Henan province, shut down its official website on Tuesday. The shutdown was seen by many as linked…
“A five-percent GDP growth is an absolute festival of opportunity in the trade show market,” Hugh Jones, CEO of RX Global, said in an interview with China Daily. “It gives us greater commitment to deepen our presence in China’s multiple industries, multiple markets, and that’s a long-term stable growth potential,” he added. Tanks to chinadaily.com.cn…
BEIJING – Companies listed on the Beijing Stock Exchange posted stable performances in 2024, with over 80 percent achieving profitability, the stock exchange said on Tuesday. Its data shows that the 265 companies listed on the exchange accumulated total operating revenues of 180.85 billion yuan ($25.12 billion) last year, with profits coming in at 11.03…
China has agreed to engage with the United States on tariff issues, after the White House signaled the possibility of adjusting its tariff policies and proactively reached out to Beijing through various channels, the Ministry of Commerce said on Wednesday. Chinese Vice-Premier He Lifeng, the Chinese lead for China-US economic and trade affairs, will meet…
Tourists visit Chongqing Natural History Museum in Southwest China’s Chongqing municipality, May 2, 2025. [Photo/Xinhua] BEIJING – During the five-day May Day holiday, museums across China recorded more than 60.49 million visits, setting a new record and marking a 17 percent increase year-on-year. For many travelers, cultural sites have become must-see destinations during holiday. At…
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Data released by multiple cultural and tourism departments of the country shows that the number of tourists recorded on the first two days of the May Day holiday exceeded that of the same period last year. For instance, on Friday, the second day of the May Day holiday, Hunan province saw a flow of 14.4…
In the second half of 2024, average electricity prices for households in the EU remained largely stable, with a slight decrease to €28.72 per 100 kWh from €28.89 in the first half of 2024. These price levels remain well above levels from before the 2022 energy crisis. In 2024, the share of taxes in electricity…
A women’s 20-kilometer electronic cycling race is underway at the China International Bicycle Fair 2025 held at the Shanghai New International Expo Centre, on May 5, 2025. [Photo by Gao Erqiang/chinadaily.com.cn] China’s bicycle industry saw steady growth in production last year and remarkable increase in exports in the first quarter, demonstrating its increasing popularity in…
Chinese carmaker SOUEAST plans to expand to over 60 markets with more than 300 outlets by the end of 2025, up from 144 sales and service outlets in over 30 countries and regions at present. [Photo provided to chinadaily.com.cn] SOUEAST, a representative of the new generation of automotive brands in China with presence in over…