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This summer, the rise of guzi culture, led by trending character Labubu, has sparked a wave of emotional spending. A mint-colored Labubu figure fetched 1.08 million yuan ($150,540) at auction, while licensed trading card company Kayou reported annual net profit of 4.4 billion yuan.
He pointed out that sci-tech innovation can generate new industries, new models and new growth drivers, which are the core elements of the development of new quality productive forces.
China will take multipronged steps, including fiscal, tax and financial policies, to unleash greater domestic demand potential, the State Council — the country's Cabinet — said on Friday.
China recently shipped the first batch of its Guangming 2 white-feather broiler chickens to Riyadh, Saudi Arabia.Chinese breeds are expected to reach a broader market in the Middle East and worldwide, contributing to a diversified global food system, she said.
China is confident and well-prepared to continue promoting steady growth in and improving the quality of foreign trade, the Ministry of Commerce said Thursday.
When Pasang Tsering took a teaching job at the school in Yulmed, Xizang Autonomous Region, in 2007, he was warned by many people that the living conditions in the township located in the southern foothills of the Himalayas were very tough.
Fast-evolving artificial intelligence is expected to foster new consumption growth drivers and inject strong impetus into China's consumer market as this cutting-edge digital technology is spearheading a technological revolution and industrial transformation to drive economic growth, said experts and company executives.
China's rapid advancements in sustainable urban development offer valuable lessons for other rapidly urbanizing regions, particularly Southeast Asia and Africa, and even developed countries seeking to enhance their green building practices, according to the World Resources Institute.
Despite global trade headwinds, China's major ports posted strong first-half gains, fueled by booming exports of electric vehicles, lithium batteries, and solar cells.
In 2024, the per capita disposable income of urban residents in China's Xizang Autonomous Region reached 55,444 yuan, while rural residents' per capita disposable income reached 21,578 yuan. The average annual growth rates of the incomes were 8.5 percent and 9.4 percent respectively.
The regional gross domestic product (GDP) of China's Xizang Autonomous Region hit 276.5 billion yuan in 2024, 154 times that of 1965, reaching an average annual growth rate of 8.9 percent.
The founding of the Xizang autonomous region in September 1965 marked the beginning of a new chapter in the region's history, as people of all ethnic groups in Xizang embarked on the path of socialist construction and development together with the rest of the country.
Tsinghua University welcomed around 4,000 freshmen for its 2025 undergraduates on Wednesday, with international students from Belt and Road partner countries accounting for the largest share of overseas enrollees.
China Eastern Airlines announced on Tuesday it will launch a new daily flight between Yiwu, Zhejiang province and Shanghai Pudong International Airport on September 10, in a bid to enhance international transit connections through the East China economic hub.
China's goods trade with other member states of the Shanghai Cooperation Organization (SCO) reached a record high in the first seven months of this year, official data showed.
Components for Airbus A320 aircraft have arrived at Tianjin Port aboard the COSCO Shipping Sagittarius from Europe.
Unable to conceive naturally, Wang, a resident of Changchun in Northeast China's Jilin province, could not opt for fertility treatment due to the hefty cost — sometimes more than 20,000 yuan ($2,786) per cycle. So when she learned that assisted reproductive services had been included in the province's medical insurance program, she hesitated no more.
During the 14th Five-Year Plan period (2021-25), China's consumer market remained firmly in second place globally. Total retail sales of consumer goods rose from 39.1 trillion yuan ($5.44 trillion) in 2020 to 48.3 trillion yuan in 2024, with an average annual growth rate of 5.5 percent.
The distributed photovoltaic power-generation project along the Chuzhou-Nanjing intercity railway has been successfully synchronized to the grid in Chahe town, Lai'an county, Chuzhou city, Anhui province, representing a major breakthrough in the application of distributed PV within the province's rail sector.
China's monetary conditions are likely to remain reasonably accommodative in the coming months, continuing to support credit expansion while contributing to steadier capital market expectations, analysts said on Monday.
Companies that rely on imported steel and aluminum components may face increased costs, potentially leading to higher prices for consumers. The automotive sector has already been experiencing notable cost increases since June.
Market entities involving intelligent equipment and the robot industry hit 392,700, a year-on-year increase of 15.3 percent, while the figure in the software and internet industries came to 343,600, up 16.38 percent year-on-year.
China's sharpened focus on rejuvenating traditional industries with new quality productive forces is injecting fresh vitality into the nation's industrial economy, which is serving as the foundation of modern industrial prowess and economic growth, experts and business executives said.
An employee handles semiconductor materials at a factory in Bang Pa-In, Ayutthaya Province, Thailand, on Wednesday. The United States has declared plans for a 100 percent tariff on semiconductor imports.
China stands ready to strengthen coordination and cooperation with India on multilateral platforms such as the Shanghai Cooperation Organization, to promote the sound and steady development of bilateral relations, said Chinese Foreign Ministry spokesperson Lin Jian at a regular press conference on Thursday.
Shanghai will distribute consumption coupons for cultural events to consumers nationwide on a first-come, first-served basis starting 12 pm Friday, until supplies run out, according to official sources.
China's total data output reached 41.06 zettabytes last year, while the added value of the digital economy's core industries accounted for about 10 percent of GDP, according to the National Data Administration.
China has introduced a series of measures aimed at spurring consumer spending and improving living standards, including the country's first nationwide interest subsidy program for personal and service-sector loans.
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