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Spring Festival sees record travel surge across China

Visitors enjoy the Zhanqi fish-shaped lantern parade, an intangible cultural heritage, in Zhanqi village, Huangshan city, Anhui province on Jan 30, 2025. [Photo by Chen Zebing/China Daily] The eight-day Spring Festival holiday this year, which concludes on Tuesday, saw a record high volume of passenger traffic, and the travel volume seen during the middle of…

China adds two US firms to unreliable entity list

China has placed two United States enterprises – PVH Corp and Illumina Inc – on its unreliable entity list, the Ministry of Commerce announced on Tuesday. PVH Corp, a clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, and biotechnology company Illumina Inc, have violated the principles of market-oriented transactions, the ministry…

Sales of luxury gold products show sustained upswing despite headwinds

Consumers gather at a jewelry store in Wuhan, Hubei province, on Jan 20. ZHOU GUOQIANG/FOR CHINA DAILY Luxury gold products have shown remarkable resilience despite mainstream jewelry sales being hit following 40 record-breaking surges in gold prices, with spikes going up to 30 percent. Laopu Gold Co Ltd’s share price skyrocketed by over 70 percent…

DeepSeek rocks US tech industry

Unlike the closed systems of major artificial intelligence companies in the United States, the Chinese startup sensation DeepSeek has embraced an opensource approach. That path is seen by some as fostering collaboration and experimentation that could lead to faster breakthroughs. Its web-based chat interface and mobile app are free to use. The strategy contrasts sharply…

Fireworks at box office greet Year of the Snake

A moviegoer checks out a poster for Ne Zha 2 at a cinema in Beijing on Thursday. DU LIANYI/CHINA DAILY Riding a wave of blockbusters, the Spring Festival holiday — the country’s most lucrative box office season — set a record on Monday as the highest-grossing in history for the holiday period. As of 9:30…

Cruise market forecast to welcome 14m passengers by 2035

Cruise ship Piano Land is berthed at Sanya Phoenix Island International Cruise Port in South China’s Hainan province, on Jan 3. SHA XIAOFENG/FOR CHINA DAILY Benefiting from the speedy recovery of China’s cruise industry, both domestic and international cruise operators are actively positioning themselves for home port operations and offering diversified and creative services in…

Exploring statistics on disability and social participation

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Euro area annual inflation up to 2.5%

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New look for Eurostat metadata

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Do Great Minds Forecast Alike? Two LLMs at Work

China’s economic activity came to a halt last week due to the festivities, so we had some time to digress into other trade-related matters. For example, we asked two LLMs to give their best shot at predicting the global market share of electric car production over the next five years. Here’s what they came up…