This Day, That Year
China Daily | Updated: 2017-11-22 07:21
Item from Nov 22, 1992, in China Daily: In the kingdom of bicycles, as the Chinese proudly call their country, the Flying Pigeon Roadster has reigned for more than half a century.
The profits of Flying Pigeon, the country's most popular brand-name bicycle, are sinking fast. Although still making a profit, the bike maker got only $3 million last year than $10 million during its prosperous time.
The kingdom of bicycles has regained its title as bike-sharing schemes have been rolled out on an unprecedented scale in an effort to relieve congestion and pollution.
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