A visitor walks through the international healthcare consumption section of the sixth China International Consumer Products Expo in Qionghai, Hainan province, on April 16. GAO JING/XINHUA For Michael Heilig, who is from Germany’s federal association for small and medium-sized enterprises, his trip to Hainan province last week felt almost destined. His Chinese name, “Hai Li…
China’s large domestic market and commitment to high-standard opening-up continue to appeal strongly to international businesses. As highlighted at the 7th Qingdao Multinationals Summit, which kicked off on Tuesday in Qingdao, Shandong province, China will further boost domestic demand during the 15th Five-Year Plan (2026-30), creating substantial new opportunities for multinational companies around the world.…
China has called for stronger risk-based, tiered management of the development and application of artificial intelligence at banking and insurance institutions, in order to effectively address the challenges posed by AI development while better serving the real economy and meeting the needs of the public. The National Financial Regulatory Administration said on Thursday that it…
China’s transition from the “world’s factory” to the “world’s market” is gaining pace, as the country increasingly relies on domestic demand to drive growth while opening its vast consumer base to high-quality imports from around the globe, economists and executives said. The pledge to boost imports, outlined in the nation’s 15th Five-Year Plan (2026-30), will…
[PHOTO/CHINA BOUND] Nestled in Honghe Hani and Yi autonomous prefecture, Yunnan, the Yuanyang Hani Rice Terraces are a breathtaking masterpiece of landscape art. Wrapped in… Read More »Yuanyang Hani Rice Terraces, Honghe, Yunnan
A billboard in Shanghai displays key indexes of Chinese mainland stock markets. CHINA DAILY Analysts expect a slower but more sustained market uptrend for China equities, supported by the economy’s resilience, a more market-friendly policy backdrop, attractive valuations, improving corporate earnings and the prospect of fresh capital inflows. On Tuesday, China’s benchmark Shanghai Composite Index…
Yum China Holdings is moving to take full ownership of the Pizza Hut brand on the Chinese mainland in a $1.2 billion deal, a strategic shift that would eliminate ongoing royalty payments to Yum Brands. The move gives the company direct control of one of its most profitable and fast-growing restaurant businesses. The transaction is…
Sam’s Club China has replaced its chairman following a regulatory interview with China’s top market regulator over food safety concerns, according to corporate filings. Walmart (China) Investment, the entity overseeing the warehouse club, or Sam’s Club, business in China, updated its registration on June 15, showing that Muk Sook Yee had stepped down as legal…
Customers buy vegetables at a supermarket in Wuchang district of Wuhan, Central China’s Hubei province, June 10, 2026. [Photo/Xinhua] BEIJING — China’s total retail sales of goods and services, a major indicator of the country’s consumption strength, increased by 2.8 percent year-on-year in the first five months of 2026, official data showed on Tuesday. This…
Satisfaction among owners of gasoline vehicles in China improved notably in 2026, driven by stronger vehicle performance, better user experience and growing demand for intelligent features, according to the latest J.D. Power China Automotive Performance, Execution and Layout Study. Overall owner satisfaction with internal combustion engine vehicles rose 11 points year-on-year to 762 points on…