Global sanitary fittings leader Grohe will invest more in China to expand the product categories available in the market, thanks to increasing demand from increasingly mature Chinese consumers and the robust growth rate which has surprised the management team, the company said.
As the country's financial regulator tightens its grip on the once sprawling wealth management market, the pace of development of the private banking sector targeting high-end customers has picked up, reflecting the maturing investment philosophy of high net worth individuals who each hold average investable assets of 6 million yuan ($870,000).
Although Chinese high net worth individuals remain bullish on their personal finances at a time of market volatility, experts say they should diversify their investments to offset possible losses and achieve stable profits.
Chinese consumers are focusing on quality and sound when choosing headphones, prompting headphone giant Sennheiser to further explore the market, said a senior executive with the firm.
Sales of new energy vehicles are expected to see renewed momentum in China, with passenger electric vehicles accounting for 57 percent of NEV sales by 2040 and electric buses for 81 percent of sales of city buses, a new report said.
College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of the young students making their first summer trips after enrolling in colleges, a new study said.
China's A-share market has become more resilient as capital market reform and opening-up bears fruit and the stocks are resilient enough to deal with external uncertainties, regulators and market experts said.
China's leading energy equipment producer Shanghai Electric Group is making a mark in international markets by signing a strategic partnership deal with SIMEC Energy Australia on Monday to jointly build a renewable energy project in South Australia.
Seems like the United States doesn't just make washing machines or pork rinds - it's in the hostage-taking business, too.
BEIJING - In the face of complex domestic and international situations, China has been deepening supply-side structural reform resolutely since the beginning of this year.
Pressing a button to call a helicopter to a rooftop, once the stuff of sci-fi stories, could soon be a reality in China's southern metropolis of Shenzhen.
SANTIAGO - The first physical store of Chinese electronics company Xiaomi in South America opened in the Chilean capital in late April and is offering its more than 25,000 Chilean followers new technologies at affordable prices.
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Raymond Zhou
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