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Booming service spending during Spring Festival holiday echoes China’s economic vigor

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BEIJING – Zhang Xin, a white-collar worker from Shanghai, made advance reservations to spend the Spring Festival holiday on snow in Northeast China’s Jilin province. Zhang, together with his 7-year-old son, practiced snowboarding techniques under the guidance of an instructor at Changbaishan International Resort. They progressed from falling repeatedly at first to gaining some proficiency.…

‘Ne Zha 2’ forecast to become world’s highest-grossing animated film of all time

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A moviegoer checks out a poster for Ne Zha 2 at a cinema in Beijing. DU LIANYI/CHINA DAILY BEIJING — Chinese ticketing platform Maoyan has further revised its forecast for “Ne Zha 2”, projecting the animated blockbuster will reach 14.25 billion yuan ($1.99 billion) in total earnings in China. The new estimate, announced Monday night,…

China Harbour’s moduling building factory begins operations in Saudi Arabia

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People visit a moduling building factory in Riyadh, Saudi Arabia, on Feb 9, 2025. A moduling building factory under China Harbour Engineering Company’s Sedra project in Saudi Arabia has officially commenced operations. Spanning approximately 200,000 square meters, the factory will supply prefabricated components for the Sedra project’s fully modular villas, while laying the industrial foundation for…

‘Ice city’ sees white hot tourism demand

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Visitors pose for photographs with the cauldron for the 9th Asian Winter Games at Harbin Ice and Snow World Park in Heilongjiang province on Saturday.[Photo/Xinhua] Domestic and foreign consumers have shown a growing interest in taking ice and snow trips to Northeast China, led by the “Ice City” of Harbin, Heilongjiang province, and fueled by…

Chinese Tencent Cloud launches Middle East cloud region in Saudi Arabia

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RIYADH — The Chinese Tencent Cloud Company has launched its first Middle East Cloud Region in Saudi Arabia, featuring two availability zones with full redundancy, advanced cloud services and AI capabilities. In a statement on Sunday, the company revealed that the new availability zones, expected to be operational in 2025, will integrate Saudi Arabia into…

China to lift restrictions on foreign capital

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China rolled out a plan on Monday to stabilize foreign investment this year, signaling the country’s determination to achieve high-level opening-up in the face of rising global protectionism, analysts said. The plan, adopted at the State Council executive meeting chaired by Premier Li Qiang, outlined more practical and effective measures to both retain existing and…

Dongfeng, Changan revamp to give global edge to automakers

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The planned restructuring of Wuhan, Hubei province-headquartered Dongfeng Motor Corp and Chongqing-based Changan Automobile is expected to create a more integrated and competitive automaker capable of competing with global giants like Toyota, Volkswagen and Tesla in the coming years, said analysts on Monday. A number of listed subsidiaries of State-owned Dongfeng Motor and CSGC, the…

Adding new energy to electricity market key

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State Grid employees check solar power panels in the Tibet autonomous region. [Photo by SONG WEIXING/FOR CHINA DAILY] China’s recent notice on promoting the integration of new energy sources into the electricity market further reflects the market value of renewable power through supply and demand dynamics and accelerates China’s moves into a national unified power…

Trump tariff plan to spur US inflation

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US President Donald Trump [Photo/Agencies] US President Donald Trump said on Sunday that he will announce 25 percent tariffs on all steel and aluminum imports into the country on Monday, which analysts said will make it even harder for the White House to tame persistent inflation. The ongoing trade war initiated by the United States…

Maersk, Hapag-Lloyd launch Shanghai Port operation in joint cooperation

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With the lifting of the first container at the Shanghai Port on Feb 10, the Gemini Cooperation officially launches its operation at the port, said Shanghai International Port (Group) Co Ltd. [Photo provided to China Daily] With the lifting of the first container at the Shanghai Port on Feb 10, the Gemini Cooperation officially launched…