Xiao Guan Tea, which is known for offering a luxurious aluminum small-sized container to keep tea leaves for each single brew, has recently rolled out new lines of large-sized packages for multiple brewing, as part of efforts to diversify its product range and expand customer reach.
The market size of China's social commerce sector is expected to reach 2.07 trillion yuan ($302 billion) in 2019, an increase of 63.2 percent year-on-year, as the use of mobile technologies to access social media is increasingly popular in China, a new industry report said.
China Mengniu Dairy Co Ltd, the nation's leading dairy producer in terms of revenue, is banking on innovation to further open the doors for its globalization ambitions, its top official said.
Chinese policymakers are likely to further ease monetary policy and promote bank loans for smalland medium-sized companies in the second half of this year, introducing measures to control risks and prevent shocks in the local labor market, according to industry experts.
Private banks in China are increasingly using cutting-edge technology and expertise to offer cost-effective services to micro and small enterprises.
The most common reasons for small business owners failing to repay loans on time are moral hazard such as gambling, unsalable products due to market changes, and acting as guarantor for a friend or relative's now overdue loan, said Mu Yuehong, client manager at Bank of Taizhou Co Ltd.
Multilateral development institution the Asian Infrastructure Investment Bank is targeting Europe to expand infrastructure construction financing, as it is a significant region included in the Belt and Road Initiative, a senior executive of the bank told China Daily in a recent interview.
China's automotive market continued its downward spiral in June, which has prompted the country's leading industry association to downgrade its estimate to a fall of up to 5 percent from 2018.
The Chinese authorities' ramped-up efforts to promote high-quality development in the new energy vehicle sector, reflected by the most recent release of an updated list on NEVs to enjoy exemptions of vehicle and vessel tax, will further help boost the healthy development of the sector and also promote clean energy consumption, industry insiders said.
China's banking sector will continue to see stable development this year but the banks may face slower profit growth and rising pressure on their asset quality, a report said on Wednesday.
China is expected to become the world's largest market for organic light-emitting diode (OLED) televisions in the next two or three years as increasing numbers of affluent consumers want premium TVs that deliver outstanding picture quality and wider viewing angles, industry insiders said.
|
|
|
|
|
|
|
|
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
