There is probably no doubt that FAW’s Hongqi, which means Red Flag, is the best-known indigenous Chinese vehicle brand. Unveiled in 1958, it was often seen chauffeuring State leaders at major events. For the wider public in China, however, a model called the 212 was the one they had a personal connection with. It was…
Customers shop with their pet at Marsmart pet store in THE BOX Youth Energy Center in Chaoyang district, Beijing, on Aug 16, 2023. [Photo/Xinhua] NANJING — Shen Jing is a perfect example of the modern pet sector’s target customer. At 23, the human resources worker devotes nearly a fifth of her monthly salary to pampering…
An LNG ship industry alliance was established during the LNG ship industrial chain development convention held at Shanghai’s Changxing Island, part of the city’s efforts to build a world-class shipbuilding and offshore engineering industry cluster, according to official sources. Being the birthplace of China’s modern shipbuilding industry, Shanghai saw the scale of its shipbuilding and…
Potential homebuyers check models of housing projects at a real estate agency in Shanghai in April. WANG RONGJIANG/FOR CHINA DAILY Shanghai, China’s economic hub, announced late Sunday that it will further optimize local property policies to better meet people’s living demand, including lowering the threshold for non-local buyers, reducing down payment for both first-time and…
Share – WeChat Thanks to Chinadaily.com.cn Please visit: Our Sponsor
Intelligent mobile charging robots will be put into use in several expressways leading to Shanghai during the week-long National Day holiday starting on October 1. [Photo provided to chinadaily.com.cn] Intelligent mobile charging robots will be put into use in several expressways leading to Shanghai during the week-long National Day holiday starting Tuesday, which is expected…
AI China’s economy is grappling with the significant challenge of weak consumer demand. Data from second-quarter GDP growth show that gross capital formation, final consumption expenditure, and net exports contributed 1.9, 2.2, and 0.6 percentage points to economic growth, respectively. Notably, the role of consumption in driving economic growth has waned, declining by 1.7 percentage…
Pedestrians walk past a cross-border financial advertising board in Hong Kong on Jan 20, 2022. [ZHANG WEI/CHINA NEWS SERVICE] Chinese people’s increasing interest in diversifying investments on a global scale has attracted rising attention from both policymakers and financial services providers. An HSBC Group survey showed that Chinese mainland investors’ willingness to allocate their assets…
MA XUEJING/CHINA DAILY With active transactions, upbeat market sentiment, cyclically stronger consumption, and more often than not, economic stimulus packages, the well-known expression “Gold September and Silver October” has often been used to describe the vibrant Chinese property and capital markets in early autumn each year. The rule seems to be working this time, at…
[Photo/IC] From the 1990s to 2008, global industrial supply chains experienced a golden era. However, due to the United States’ adherence to the mindset of national competition and zero-sum game thinking, it has introduced various restrictive measures in recent years, leading to disruptions in the operation of those chains. Under such circumstances, rebuilding political trust…