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Lego upbeat about market prospects in China

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…

Adjusted policies motivate realty sales

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…

Sport events help drive consumption

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.…

Chinese market crucial for German firms, says economist

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.…

Northwest region embracing wind power advantages

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…

Hami attracting large-scale projects

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…

Glorious medal haul spurs niche sports boom across country

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…

Overseas niche destinations popular among tourists

Chinese tourists take photographs in front of the Sydney Opera House and Harbour Bridge. [Photo/Xinhua] Chinese tourists have shown an ever increasing enthusiasm for traveling abroad, embarking on trips during this year’s weeklong National Day holiday to more niche destinations, such as countries and regions involved in the Belt and Road Initiative and Africa. The…

Yongchuan aspires to build high-tech ‘movie city’

A studio equipped with digital technology depicts a space capsule scene in Chongqing’s Yongchuan district in September. In hopes of becoming a high-tech movie hub, the district has introduced policies to establish a film and television industry ecosystem. [JIA TIANYONG/CHINA NEWS SERVICE] Home to China’s largest digital technology movie studio that uses virtual shooting scenes…

Tesla boosted by business, sales in China

Potential car buyers seen at a Tesla showroom in Shanghai. [Photo/China Daily] China is becoming a crucial market for Tesla, with the electric-vehicle maker offering incentives to boost sales in the country and its Shanghai factory recently exporting its 1 millionth vehicle. According to Wall Street estimates, Tesla, based in Austin, Texas, is expected to…