Business News

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  Shanghai sees foreign trade jump 18.8% to $239b

  2021-06-18 Business News / News

  A COSCO Shipping container ship arrives at Yangshan port in Shanghai on Feb 20. [Photo by Yao Feng/For China Daily] Shanghai saw its total import and export value surge by 18.8 percent year-on-year to 1.54 trillion yuan ($239.8 billion) in the first five months of the year, Shanghai Customs District…

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  China’s integrated circuit industry becomes world’s largest

  2021-06-17 Business News / News

  Workers operate precision machines in Hai'an Integrated Circuit Technology Innovation Center, Hi-tech Zone, Hai'an, East China's Jiangsu province, on Dec 28, 2020. [Photo/IC] China's integrated circuit industry market scale crossed 880 billion yuan ($137.85 billion) in 2020, becoming world's largest and fastest growing, Sina Finance reported on Thursday. China's integrated…

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  China’s 5G mobile phone shipments up 7% in May

  2021-06-17 Business News / News

  Consumers check out Huawei foldable smartphones at a store in Shanghai on Oct 24, 2020. [Photo provided to China Daily] China's domestic shipments of 5G mobile phone witnessed a 7 percent year-on-year increase to 16.74 million units in May this year, The Paper reported on Wednesday. Domestic mobile phone shipments…

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  Domestic cosmetics looking pretty overseas

  2021-06-17 Business News / News

  Visitors check out cosmetics at a Perfect Diary store in Shanghai on April 15, 2020. [Photo/CHINA DAILY] Improved quality, brand cachet, e-commerce all contributing to more global sales For years, cosmetics brands from Europe, the United States and Japan have dominated the global market. But the growing cachet and volume…

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  China’s economy continues consolidated recovery in May

  2021-06-17 Business News / News

  A tourist shops at a duty-free store in Hainan province. [Photo by Meng Zhongde/for China Daily] China's economy continued its consolidated recovery in May with production demand picking up, retail sales growing faster and employment remaining stable, the National Bureau of Statistics said on Wednesday.The country's industrial output rose by…

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  Top 10 richest people in the world

  2021-06-17 Business News / News

  With a fortune of $197 billion, Tesla founder Elon Musk became the richest man in the world for the first time, according the latest Hurun Global Rich List.Amazon's founder Jeff Bezos, last year's richest man, ranked second with $189 billion, followed by "Luxury King" LVMH CEO Bernard Arnault ($114 billion)…

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