China’s major online sales event, Singles’ Day, concludes on November 11, generating significant interest amid efforts to revive consumer spending. Discounts, initiated by Alibaba in 2009, drew shoppers to major e-commerce platforms. However, for the second consecutive year, Alibaba and…
In October, Chinese industrial companies experienced a 1.3% increase in sales revenue, with a monthly rise of 2.2%. Notably, high-tech spare parts and equipment manufacturers saw revenues grow by 8.9% and 5.1%, respectively. This growth reflects improving market confidence and…
Many provinces in China are facing severe financial challenges due to high debt and falling revenues amid an ongoing economic crisis. Local governments have implemented cost-cutting measures, including salary reductions for officials, while resorting to arbitrary fines to address budget…
China aims to cultivate a booming ice and snow economy, anticipating a market worth 1.2 trillion yuan ($160 billion) by 2027. According to a directive from the State Council, the initiative will enhance infrastructure and services for winter sports, boosting…
Western provinces in China are showcasing significant economic recovery driven by advancements in intellectual property (IP) management and protection. As the country shifts toward a green economy, these previously underdeveloped areas are witnessing growth, with the Chinese National Intellectual Property…
