A woman browses dairy products at a supermarket in Shanghai, Sept 22, 2023. [Photo/VCG] China’s consumer confidence registered a recovery, while Generation Z buyers, aged 18 to 25, influenced a new shift in consumption trends, according to a report by McKinsey & Company on China’s 2024 consumer trends. According to the report, over two-thirds of…
Consumers dine at a Luckin Coffee store in Shenyang, Liaoning province, in August. [Photo provided to CHINA DAILY] Chinese coffee chain player Luckin Coffee is looking to expand in the United States and other overseas markets amid intensified domestic competition that is impacting same-store sales. Guo Jinyi, chairman and CEO of Luckin, said during an…
Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China’s Guizhou province. [Photo/Xinhua] China achieved a major milestone in renewable energy development with installations of wind and solar power generating units surpassing 1.2 billion kilowatts, six years ahead of schedule, said the National Energy Administration on Thursday. As…
ZELJKO STEVANIC/XINHUA LJUBLJANA, Slovenia — Blaz Stefe, CEO of the Chinese-Slovenian joint venture APG-Elaphe Propulsion Technologies, told Xinhua that his company will explore new possibilities for technological innovation and market expansion during the upcoming seventh China International Import Expo in Shanghai. Reflecting on his past eight years with the Hangzhou, Zhejiang province-based company, Stefe highlighted…
[Photo provided to chinadaily.com.cn] Jinjiang county, Fujian province, carries out co-innovation of the reduction of pollution and carbon emissions, to promote the green transformation of the industrial chain, supply chain, logistics chain and information chain, focusing on textile printing and dyeing industries with high energy and water consumption. Fynex Textile factory, located in the Jinjiang…
Sinopec employees check CCUS equipment operations in Dongying, Shandong province. [Photo/Xinhua] China’s three State-owned oil giants have been accelerating efforts in new energy sectors, including solar, hydrogen and wind power, to diversify revenue sources and adapt to a fast-changing global energy landscape. This is part of the oil giants’ efforts to expand their renewable portfolios…
A shopper tries on a gold bracelet at a jewelry store in Chongqing. SUN KAIFANG/FOR CHINA DAILY Despite the impact of high gold prices, seasonal factors have buoyed a quarter-on-quarter resurgence in gold jewelry demand within the Chinese market from July to September, the World Gold Council said on Wednesday. The council anticipates a possible…
Visitors take photos of the flying car developed by Xpeng Aeroht, which is affiliated with automaker Xpeng, at the China Intelligent Connected Vehicle Show and Automatic Driving Expo in Shanghai, Aug 9, 2024. [Photo/VCG] Chinese carmaker Xpeng’s aerial vehicle arm Xpeng Aeroht has begun construction of a manufacturing base for its modular flying cars in…
Employees of an engineering machinery manufacturer in Shandong province work on the company’s production line of loaders. [Photo/Xinhua] China’s manufacturing activity expanded last month for the first time in half a year, official data showed on Thursday, as stimulus measures boosted production and revived confidence, boding well for fourth-quarter economic momentum and the full-year growth…
A prospective homebuyer looks at a property model during an expo in Shenzhen, Guangdong province. [CHINA DAILY] The total transaction volume of China’s new and second-hand homes recorded its first increase in October after an eight-month decline, the Ministry of Housing and Urban-Rural Development said on Friday. The nationwide sales volume of new homes rose…