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Labubu and beyond — Decoding the rise of China’s ‘IP economy’

A human-sized Labubu figurine is displayed before an auction in Beijing, China, June 6, 2025. [Photo/Agencies] BEIJING — Until this year, few could have anticipated that a quirky, toothy plush doll would capture the hearts of social media users worldwide and ignite a global shopping frenzy. Labubu, created by Chinese toymaker Pop Mart, is becoming…

House sales up in 2024

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Lululemon 2025 Summer Sweat Games launched

Jia Ling and Wang Shun spearheading the 2025 Lululemon summer sweat games. [Photo provided to chinadaily.com.cn] Sportswear brand Lululemon officially kicked off its annual community fitness event — the 2025 Summer Sweat Games – on Monday, joined by brand ambassador Jia Ling and world swimming champion Wang Shun. Now in its fifth year, the event…

Japanese firm Lixil opens center in Guangzhou to back new products, cut lead times

Japanese housing and building material product company Lixil launched its International Competence Center in Guangzhou, Guangdong province, on Wednesday. Located in Guangzhou’s Panyu district, the center supports new product development and reduces lead times, especially for components and sub-assemblies coming from key Chinese suppliers, with a cross-functional team. It is also designed to support research…

China’s low-altitude industry advancing at pace

A view of the five-seat eVTOL aircraft, Matrix 1, independently developed by Zhongshan FCourier Aviation Technology Co. PROVIDED TO CHINA DAILY China’s first domestically developed 2-ton electric vertical takeoff and landing aircraft is expected to obtain airworthiness certification from the Civil Aviation Administration of China by the end of 2025, according to a senior manager…

Ningbo-Zhoushan Port shows major trade rebound

Despite recent volatility in global trade policy, especially the swift changes in US-China tariff regulations since April, Ningbo-Zhoushan Port — the world’s third-largest in terms of container throughput volume in 2024 — has demonstrated remarkable resilience. Located on China’s eastern seaboard, Ningbo-Zhoushan Port serves as a vital artery in global logistics. With over 300 container…

House prices up by 5.4% in the euro area

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Key data on the Dublin system in 2024

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