Workers operate tea-picking machines at an organic tea plantation in Hangzhou, Zhejiang province. CHINA DAILY Chinese tea is reinventing itself, prompted by the fact that tea and coffee are no longer the only options people turn to while working, relaxing or socializing worldwide. Once confined to traditional brews, tea is now being blended with milk, fruits…
Ikea China on Wednesday pledged to invest 160 million yuan ($22 million) in China during its 2026 fiscal year, as the Swedish home-furnishings giant deepens its bet on the Chinese market through price cuts, new product lines and expanded digital services. The retailer plans to introduce more than 1,600 new home products, 23 collections and…
Cyclists at a wetland park in Bozhou, Anhui province, in July. LIU QINLI/FOR CHINA DAILY BEIJING — China on Thursday issued a set of guidelines to unleash the consumption potential of the sports economy, as part of broader efforts to drive the high-quality development of related industries. By 2030, China plans to cultivate a batch…
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Visitors interact with a Unitree humanoid robot at a sci-tech museum in Jinhua, Zhejiang province, on July 27. HU XIAOFEI/FOR CHINA DAILY Chinese robotics firm Unitree Robotics is expected to submit its listing application documents between October and December, which industry experts said is set to become one of the most anticipated IPOs in the global…
An employee makes guitars at a workshop in Songzi, Hubei province. DU ZIXUAN/XINHUA Turning out only 200 guitars a month from its custom workshop, Hubei Tongxin Musical Instrument Co Ltd, based in Songzi, Jingzhou, Hubei province, aims to take a greater overseas market share in the high-end guitar manufacturing market. “As a high-end production facility of…
The Thursday adjustment in most sectors in the A-share market is an oft seen phenomenon after days of sharp advances, and it will not impact the structural opportunities and long-term upward trend in the Chinese capital market, said experts. Their comments were made on Thursday after the benchmark Shanghai Composite Index shed 1.25 percent to…
The first green power transaction between Shanghai and the Xizang autonomous region was recently completed, with clean energy generated in Southwest China now connected to Shanghai’s power supply, according to the State Grid Shanghai Municipal Electric Power Co. The deal, reached as the Xizang autonomous region marks its 60th anniversary, covers a total of 7.85…
China on Thursday unveiled an action plan to stabilize growth in the electronic information manufacturing sector between 2025 and 2026, setting ambitious goals for output, exports, and technological upgrades. The plan, issued by the Ministry of Industry and Information Technology and the State Administration for Market Regulation, targets an average annual growth rate of about…
Shenzhen Creality 3D Technology Co, a global leader in consumer-grade 3D printing, has officially submitted its listing application to the Hong Kong bourse. [Photo/VCG] Shenzhen Creality 3D Technology Co, a global leader in consumer-grade 3D printing, has officially submitted its listing application to the Hong Kong bourse, capturing widespread market attention. Creality said in its…