A shopper (right) tries on a gold bracelet at a jewelry shop in Chongqing. SUN KAIFANG/FOR CHINA DAILY China’s gold consumption rose 5.94 percent in the first quarter of 2024 from a year earlier, thanks to surging demand for safe havens, China Gold Association said on Friday. Consumption of the precious metal by the world’s … Continue reading China’s gold consumption rises 5.94% in Q1
Tag: consumption
LEGO beacon store opening sheds light on China’s retail trends, potential
LEGO beacon store at Joy City shopping complex in Xidan Commercial Street, Beijing, April 21, 2024. [Photo/VCG] BEIJING – At about 10 am on April 20, when most stores within the Joy City shopping complex in Xidan Commercial Street in downtown Beijing just opened, a store on the building’s second floor already had customers waiting … Continue reading LEGO beacon store opening sheds light on China’s retail trends, potential
Catch-up potential, digital tech vital for growth
CAI MENG/CHINA DAILY China’s growth potential, ongoing as well as in the foreseeable future, depends on two vital factors. First, its ability to play catch up with major economies and next, upon new possibilities unleashed by digital technology through a fresh tech revolution and green transition. Two potentials The catch-up potential refers to the nation’s … Continue reading Catch-up potential, digital tech vital for growth
State Grid in concrete move to lessen burden on enterprises
Staffers (in red jackets) from State Grid Xuchang Power Supply Co inquire about electricity need at Pingmei Longji New Energy Technology Co Ltd in Xiangcheng county, Henan province, on April 7. [Photo provided to chinadaily.com.cn] The State Grid — the world’s largest utility which shoulders a dual task of safeguarding China’s energy security as well … Continue reading State Grid in concrete move to lessen burden on enterprises
Expo highlights China Tourism Group’s consumption innovation efforts in Hainan
Chen Yin, chairman of China Tourism Group, delivers a speech at the launch ceremony of the Global Consumption Event Series. [Photo provided to chinadaily.com.cn] The launch ceremony of the Global Consumption Event Series jointly organized by the Hainan Provincial Bureau of International Economic Development and China Duty Free Group took place in Haikou, Hainan province, … Continue reading Expo highlights China Tourism Group’s consumption innovation efforts in Hainan