Editor’s note: China’s consumption surged during the Qingming Festival holiday, also known as the Tomb-Sweeping Day holiday, which ran from Friday to Sunday. Travel, tourism, online shopping and outdoor activities are some key drivers of economic growth during this period. Thanks to Chinadaily.com.cn Please visit: Our Sponsor
A UBTech humanoid robot demonstrates its capabilities on a model of a factory assembly line, at the World Robot Conference in Beijing. FLORENCE LO/REUTERS In a concerted effort to bridge the gap between academic research and market application, a growing number of Chinese universities and enterprises are establishing joint laboratories. These partnerships leverage academic strengths…
Passengers pose for photographs before boarding a train specially for senior travelers at a railway station in Shanghai. LIU WEIXING/XINHUA BEIJING – China, the world’s second-largest economy, saw an increased number of people travel to all corners of the country on the first day of this year’s three-day Qingming Festival holiday on Friday, with all…
A clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] By disrupting global trade and triggering recession risks, the United States’ new tariff push may have an unintended result of giving rise to alternative international currencies, including the Chinese renminbi, also known as the yuan, experts said. “To supply global dollar liquidity,…
Chinese tourists disembark from a cruise ship to enjoy their vacation on Jeju Island, South Korea, April 30, 2024. [Photo/VCG] TAIYUAN – China’s Tomb-Sweeping Day, traditionally a time for remembering the deceased, is also a perfect occasion for spring outings and sightseeing. While the country has a three-day holiday that started on Friday, Chinese tourists…
China’s top economic regulator has pledged efforts to tackle issues faced by enterprises and support the development of the private sector, as it seeks to buffer the impact of the latest round of sweeping new tariffs from the United States. Zheng Shanjie, head of the National Development and Reform Commission, hosted a meeting on Tuesday…
Starbucks China on Tuesday has unveiled its sugar-free flavored coffee products across more than 7,600 stores nationwide, allowing health-conscious customers to have greater control over the sweetness of their beverages and expanding their customer reach. The sugar-free coffee line separates flavor from sugar, providing consumers with the option to enjoy a full-flavored coffee experience without…
China will expand its instant tax refund for purchases by overseas tourists nationwide in a move to boost inbound travel and consumption, the State Taxation Administration said on Tuesday. The service, which allows foreign visitors to receive tax rebates immediately after buying, rather than upon departure, was previously piloted in cities including Beijing, Shanghai, Guangzhou,…
EU agri-food exports reach record levels of €235.4 billion in 2024 – European Commission Skip to main content The European Commission’s 2024 agri-food report shows… Read More »EU agri-food exports reach record levels of €235.4 billion in 2024
BEIJING — Several Chinese central state-owned enterprises (SOEs) have rolled out share purchase initiatives, underscoring their robust confidence in the long-term prospects of the country’s economy and capital market. China National Petroleum Corporation on Tuesday disclosed that it will buy A-shares and H-shares over the next 12 months, with a total investment of up to…