Guo Xin, a marketing professor at Beijing Technology and Business University, said in addition to middle-income earners, China's millennials will have more purchasing power because many of their parents not only own an apartment but are not weighed down excessively by accommodation or mortgage concerns.
HANGZHOU - Taobao, a major online shopping website run by Alibaba, foresees an explosive growth of live-streaming sales.
HANOVER - Germany's Hannover Messe, the world's largest industrial fair, concluded on Friday, with China becoming its top foreign visitor country this year.
Guangdong's foreign trade volume reached 5.76 trillion yuan during the same period. Its imports, however, dropped by 6.6 percent to 2.26 trillion yuan in the first 10 months, with its trade surplus widening 19.3 percent year-on-year.
HANGZHOU — Some 880,000 shared bikes in China's eastern city of Hangzhou will be monitored by a new collective platform, the city's transport authority said Friday.
HANOI - The 23rd Meeting of Ministers Responsible for Trade of the Asia-Pacific Economic Cooperation (APEC) taking place here from May 20-21 gained five major achievements, Chinese Vice Minister of Commerce Wang Shouwen has said.
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HEFEI - East China's Anhui province on Saturday raised its drought emergency response to level III as the worst dry spell in decades showed no signs of abating and threatened many areas with short water supplies and high risks of forest fire.
HARBIN - Nine people were killed in coal mine gas explosion in northeast China's Heilongjiang Province Wednesday afternoon, local authorities said Thursday.
Guangxi plans to develop itself into gateway to ASEAN countries
HANGZHOU - Chinese carmaker Geely Automobile Holdings Limited has reached an agreement to set up a battery joint venture with the country's leading lithium battery producer Contemporary Amperex Technology Co Ltd (CATL).