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Services a major driving force behind China’s consumption growth: report

HAIKOU – China’s services consumption is not only rebounding but evolving rapidly, becoming a key driver of overall consumption growth, according to a report released by the China Institute for Reform and Development. The Hainan-based think tank published the report on Monday during this year’s China International Consumer Products Expo, the country’s only national-level exhibition…

Industrial production up by 1.1% in the euro area and by 1.0% in the EU

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EU’s employment rate reached almost 76% in 2024

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Quotes from opening ceremony of WIC Asia-Pacific Summit

The opening ceremony of the 2025 World Internet Conference Asia-Pacific Summit kicked off in Hong Kong on April 14. Big names, including Hudaygulyyev Hajymyrat Shihmyradowich, chairman of the “Turkmenaragatnashyk” Agency; John Hoffman, CEO of GSMA Ltd; Fang Rong, chair of ZTE Corporation; Han Bicheng, founder and CEO of BrainCo; and Nii Narku Quaynor, chairman of…

China’s courier sector sees robust growth in parcel handling

Workers unload e-commerce parcels from a bullet train at Shuangliu West Railway Station in Chengdu, Southwest China’s Sichuan province, Nov 11, 2024. [Photo/Xinhua] BEIJING — China’s express delivery volume has surpassed 50 billion parcels as of April 11 this year, reaching the milestone 18 days earlier than in 2024, according to data released by the…

China EximBank issues bonds to support foreign trade

BEIJING – The Export-Import Bank of China (China EximBank) announced on Monday that it has issued two themed financial bonds totaling 12 billion yuan ($1.66 billion) in the interbank bond market. The bonds, issued last Thursday and Friday, aim to facilitate the quality and efficiency improvements of China’s foreign trade and support connectivity in foreign…

Optimized, primed — next-Gen robots start rollout

Members of the R&D team of Glory Road Intelligent Technology Co adjust a humanoid robot in Wuhan, Hubei province, on Feb 24. DU ZIXUAN/XINHUA In a cutting-edge facility in Shanghai, engineers are precisely assembling humanoid robots, while rows of newly manufactured units stand ready for quality checks. In an adjacent testing zone, 100 humanoid robots are…

Briefing on Practice Cases and WIC Awards held in Hong Kong

The 2025 Briefing on Practice Cases & WIC Awards debuted in Hong Kong on April 14. [Photo/wicinternet.org] The 2025 Briefing on Practice Cases of Jointly Building a Community with a Shared Future in Cyberspace (Practice Cases) & WIC Awards for Pioneering Science and Technology (WIC Awards) debuted in Hong Kong on April 14, during the World…

Technology helps spur consumer market

Technology is injecting new momentum into consumer markets, producing more diversified consumption scenarios to meet growing demand from consumers, said business executives at the ongoing fifth China International Consumer Products Expo on Monday. With growing consumer awareness, skin care products are evolving beyond basic moisturizing and whitening to encompass areas like cellular repair and anti-aging…

Baiyun Airport prepares for surge in passengers during Canton Fair

Travelers are seen at Guangzhou Baiyun International Airport on Sept 16, 2024. [Photo/Xinhua] Guangzhou Baiyun International Airport, an aviation hub in Guangdong province, is estimated to handle more than 50,000 inbound and outbound passengers daily during the upcoming 137th China Import and Export Fair, with peak days reaching 55,000 passengers, said a statement released by…