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
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China’s loan prime rates remain unchanged
This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China’s Jiangsu province. [Photo/Xinhua] BEIJING – China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Monday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also … Continue reading China’s loan prime rates remain unchanged
Lenovo eyes AI opportunities with comprehensive business transformation
Yang Yuanqing, chairman and CEO of Lenovo. [Photo provided to chinadaily.com.cn] Chinese tech company Lenovo Group Ltd aims to seizes artificial intelligence opportunities with comprehensive business transformation and enhanced research and development capabilities, company chairman and CEO said. Yang Yuanqing, chairman and CEO of Lenovo, said in the face of challenges, Lenovo successfully rebounded and … Continue reading Lenovo eyes AI opportunities with comprehensive business transformation
Vivo beefs up competition in foldable phones with the lightest one
Vivo unveiled its latest foldable smartphone X Fold 3 Pro. [Photo provided to chinadaily.com.cn] Chinese tech company Vivo has unveiled its latest foldable smartphone, the X Fold 3 Pro, which is the world’s lightest foldable phone that opens like a book amid the competitive market. The move came as size and weight have been drawbacks … Continue reading Vivo beefs up competition in foldable phones with the lightest one