Chinese consumers were less sensitive to prices and put increasing focus on services, experience and personalization when they traveled and did shopping during the weeklong Spring Festival holiday, according to a report by Economic Information Daily.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 102 basis points to 6.3530 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.
China's major stock indices closed sharply higher in the morning session Thursday, the first trading day after the seven-day Lunar New Year holiday.
U.S. smartphone chip supplier Qualcomm on Wednesday criticized Singapore-based microchip maker Broadcom for lowering its bid to acquire Qualcomm earlier in the day, saying it made an "inadequate offer even worse".
China has shone in the latest list of the world's richest cities, thanks to the rapidly accumulated personal wealth in the country.
China became the eighth-largest importer of food and drink from the United Kingdom in 2017, according to new data that showed a growing Chinese appetite for British milk powder, salmon, whisky, and beer.
In the buzzing basement alleys of Beijing's Tai Koo Li shopping plaza, a newly opened shop measuring no more than 30 square meters has been attracting much attention of late.
Wai Wai Oo, a student from Myanmar, whips out her smartphone, and facing its screen, takes a selfie. Within seconds, BeautyPlus, a Chinese self-editing app on her phone, beautifies the image: face becomes slim, dark circles under her eyes disappear, and patches of rouge appear on her lips.
Chinese smartphone companies such as Vivo Mobile Communication Technology and Oppo Electronics Corp are making new gadgets that can beautify images of women in a convenient way.
Thanks to an increasing number of Chinese outbound tourists, domestic mobile payment companies have seen a rise in cross-border transactions during this year's Spring Festival holidays.