Diners eat at a restaurant in Shanghai on Feb 4. The city’s services sector grew 5.7 percent year-on-year and contributed 78.2 percent to Shanghai’s GDP last year. [Photo provided to China Daily] The high-quality development of Shanghai’s services sector should better serve technological advancement and boost consumption, the city’s municipal government said in a recent…
Anta Sports, a leading sportswear firm. [Photo by Sun Chi/chinadaily.com.cn] ANTA Sports Products Limited saw its revenue surge to 70.83 billion yuan, marking a 13.6 percent increase year-on-year, according to its annual results for the year ending on Dec 31, 2024. The company’s profit from operations climbed by 8 percent to reach 16.60 billion yuan.…
People enjoy a meal at a restaurant in a historical block in Nanhu district of Jiaxing city, East China’s Zhejiang province. [Photo/Xinhua] Editor’s note: China recently issued a special action plan for boosting consumption, focusing on enhancing consumption capacity, releasing consumption willingness, optimizing consumption environments and unlocking consumption bottlenecks. This comprehensive policy package introduces far-reaching…
A Wumart supermarket is seen in Beijing on Aug 7, 2018. [Photo/Sipa] Wumart Group has used best practices from its counterpart, Pangdonglai, to transform its store in Beijing, marking an important change in its retail approach, which is highlighted by streamlined assortment and caring for the workforce. Located on Xueqing Road, the newly renovated Wumart…
Shanghai Global Investment Promotion Conference 2025, the annual pageant attracting more business opportunities, will be held on March 25, local officials announced during a news conference on Thursday. An investment-themed week will start from March 25. The opening ceremony will be held in the city’s landmark Shanghai Tower. Three round-tables will be held among private…
A Haier humanoid robot is displayed during the Appliance & Electronics World Expo in Shanghai in March 2024. CHEN YUYU/FOR CHINA DAILY As the ever-increasing power of artificial intelligence spearheads a new wave of technological innovation and industrial revolution, Chinese home appliance manufacturers are accelerating the use of the cutting-edge technology and integrating AI startup DeepSeek’s…
An image shows a solar and wind power station in Daqing, Heilongjiang province, in September. The station is part of Daqing Oilfield’s efforts to ramp up green transition and achieve decarbonization goals. YANG WEI/XINHUA China’s national oil companies are accelerating their transition toward cleaner energy practices, focusing on the efficient utilization of fossil fuels and the…
Shandong province has recorded the start of more than 1,000 construction projects and investments with a combined investment tag of 1 trillion yuan ($138.2 billion), signaling the benefits of efforts aimed at supporting innovative development by various enterprises and job creation. Among these initiatives, which kicked off in late February, there are 635 private investment…
An employee works on a machine tool assembly line in Chongqing on Feb 22. WANG QUANCHAO/XINHUA The expansion of the scope of large-scale equipment upgrades and consumer goods trade-in programs this year is expected to boost demand for machine tools, thanks to the rapid and effective implementation of the policies, the China Machine Tool and Tool…
This photo taken with a mobile phone shows people watching a sand table model of a real estate project in East China’s Shanghai, May 28, 2024. [Photo/Xinhua] Despite headwinds from a complex international environment and internal structural transformation, China’s new quality productive forces and improved consumption are expected to inject vitality into the real estate…