Economy

Book retail sales in China up 4.72% in 2023 - China Economy News
Economy

Book retail sales in China up 4.72% in 2023

China's retail sales of books totaled 91.2 billion yuan (US$12.84 billion) in 2023, up 4.72 percent year on year.
China will significantly increase direct flights with US in 2024 - China Economy News
Economy

China will significantly increase direct flights with US in 2024

The Civil Aviation Administration of China (CAAC) on Saturday said that it will work toward a significant increase in direct flights between China and the United States in 2024.
North China land port handles 3,294 China-Europe freight train trips in 2023 - China Economy News
Economy

North China land port handles 3,294 China-Europe freight train trips in 2023

Erenhot Port in north China's Inner Mongolia Autonomous Region handled 3,294 China-Europe freight train trips throughout 2023, a surge of 30.8 percent year on year.
China's warehouse storage sector maintains expansion for 11 straight months - China Economy News
Economy

China's warehouse storage sector maintains expansion for 11 straight months

China's warehouse storage industry reported steady performance in December, remaining in the expansion zone for the 11th consecutive month, industry data showed.
Private auto company a model to boost city economic competence - China Economy News
Economy

Private auto company a model to boost city economic competence

The Neta electric vehicle brand is just one of the emerging brands carving out presence in China and overseas, setting a target for overseas sales to jump five folds this year.
Putuo leads in financial growth, embarks on 25 new projects - China Economy News
Economy

Putuo leads in financial growth, embarks on 25 new projects

Over 20 enterprises in emerging fields, such as life health, digital marketing and artificial intelligence, have signed contracts to establish a presence in Putuo District.
City plans to build 70 new smart factories this year - China Economy News
Economy

City plans to build 70 new smart factories this year

Shanghai will set up 70 smart factories this year with increased adoption of industrial robots and financial support to establish the "Shanghai Format" for smart manufacturing.
Shanghai tops holiday entertainment and dining spend domestically - China Economy News
Economy

Shanghai tops holiday entertainment and dining spend domestically

Strong rebounds in a wide range of service sectors injected an uplifting spirit for the coming year, and many people used the three-day holiday for short excursions.
Remarkable rebound in spending over New Year holiday - China Economy News
Economy

Remarkable rebound in spending over New Year holiday

Millions went shopping as Shanghai saw a 38.7 percent jump in spending to 25.6 billion yuan while online transactions over the three days grew 7.8 percent to 14.7 billion yuan.
China's manufacturing PMI falls in December - China Economy News
Economy

China's manufacturing PMI falls in December

The purchasing managers' index (PMI) for China's manufacturing sector came in at 49 in December, down from 49.4 last month, official data showed on Sunday.
China's futures market sees robust trading in 2023 Market watchdog promotes cooperative approach for Internet companies BYD overtakes Tesla for most EV sales Nearly 100 Chinese cities lower mortgage rate floor for first homes AI, data centers, 5G infrastructure to boost digital transformation: MIIT Huawei reveal new phone at pop-up event in Sinan Mansions Huawei's 2023 sales revenue expected to exceed 700 bln yuan Chinese-brand passenger car sales up 23.8% in first 11 months More Chinese cities record falling home prices in October China's mobile phone shipments up 34.3% in November Hospitality leads way as tourism industry recovers 22b yuan boost for Pudong science and technology firms China issues 9.14 trln yuan new local government bonds in Jan.-Nov. Dubai seeking Chinese travelers to celebrate New Year JD.com announces major lawsuit victory over Alibaba China's car brand Hongqi debuts new concierge car China's property investment decreases in first 10 months New York Times sues OpenAI, Microsoft in copyright clash Kingdee secures US$200 million Qatar investment Xiaomi unveils its first electric vehicle, aiming to be 'China's Porsche and Tesla' AI workgroup established to drive ecosystem development China's home prices remain stable amid policy support Zhoushan Archipelago New Area celebrates 10th anniversary China's stock exchanges to reduce fees by 920 mln yuan in 2024 BOC Serbia authorized as RMB clearing bank Singapore the highlight of overseas travel choices Qingpu New City becoming open and innovative hub Huawei 'back on track' with revenue growth in 2023 BYD obtains conditional testing license for L3 autonomous driving on high-speed roads Xiaomi CEO donates US$183m to alma mater, Wuhan University Rapid refund policy aimed at boosting online shopping Despite anti-subsidy probe, China-Europe EV cooperation is expanding ByteDance slashes jobs, confirms retreat from gaming business China accelerates construction of government-subsidized rental housing projects Regulators cracking down on pricing for automobiles Selection of 2023 Shanghai Financiers begins External financial assets of China's banking sector exceed 1.4 trln USD Pharma firms abused dominant position, says watchdog Chinese smartphone market set to grow in 2024 China's big lenders to lower rates on existing first-home loans Tesla's new mega factory project in Shanghai officially launched Alibaba's Taobao replaces Dec 12 shopping spree with new event
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