While some new mothers in China still prefer foreign-produced infant formula, which they believe is of higher quality than its domestic counterparts, Liu Zhaoxia chose a hometown-made product for her baby.
Quality-conscious Chinese consumers are pursuing healthier snack foods, like nuts, industry experts said. The experts predict the market will see a golden growth period with expanding scale and higher prices.
Xingcheng, a remote coastal city with a population of 500,000 in the Bohai Bay Area, has become China's largest swimsuit production and e-commerce sales platform in the past three years. Last year, it delivered more than 200 million bathing suits to global customers, generating a revenue of 15 billion yuan ($2.24 billion), according to Li Haifeng, president of Xingcheng Swimwear Industry Association.
Lime, a micro-mobility startup founded by Chinese entrepreneurs, is bringing its e-scooters to over 200 cities globally to cash in on the opportunities of the sharing economy overseas. The move comes as bike-sharing firms Ofo and Mobike hit bumpy roads both domestically and abroad.
China will push forward development of an ultra HD video (4K/8K) industry by building more ultra video industrial innovation and application centers and strengthening cooperation between Chinese ultra HD video-related companies and their overseas counterparts, a senior official said.
Shanghai has formed an artificial intelligence industrial alliance dedicated to "resources matchmaking" as the city gears up to become a global leader in pioneering the latest AI practices.
Governments and commercial banks at all levels must join forces to explore various measures to make small business loans and financing commercially sustainable, to which effective risk management is the key, said China's banking and insurance regulatory officials.
Commercial banks in Zhejiang province are taking innovative measures to help private companies with good prospects get through hard times, by exploring an interbank consultation mechanism under the guidance of local banking and insurance regulators.
Tianjin Goubuli Group Corp, a century-old company better known for its uniquely flavored baozi or steamed buns, will put up a probiotics plant in Australia on May 13, after officially acquiring the majority stake from an Aussie bioscience company last month, said its top executive.
Japanese electric motor manufacturer Nidec Corp said it plans to invest around $100 million in its second production facility in China's eastern Zhejiang province as part of its broader efforts to tap into "unprecedented" opportunities brought by the country's booming development in new energy vehicles and smartphones.
Chinese energy companies are expanding their presence in countries and regions participating in the Belt and Road Initiative, and promoting green, clean power generation in countries beyond China.
Construction of the Karot hydropower project in Pakistan, China's first overseas hydropower program to use its own technology and standards, is expected to finish in two years and start power generation by April 2021, according to its developer China Three Gorges Corp.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
