economic

China Everbright Bank and Everbright Wealth Management jointly released the “China Asset Management Market 2024-2025” report on June 6, documenting 10.4% industry growth that expanded the market to RMB 154…

Chinese commercial banks are increasingly leveraging their digital capabilities to transform traditional industries, with recent initiatives demonstrating how financial technology can solve operational challenges for both businesses and government agencies.…

China’s bond exchange-traded fund (ETF) market has reached a historic milestone, with total assets under management exceeding 300 billion yuan ($41.3 billion) for the first time as of June 6.…

The viral social media quip “I didn’t buy the Hermès for the bag, but to give Labubu a proper home” perfectly captures 2025’s most surreal consumption phenomenon. A plush monster…

Henan-based companies are experiencing unprecedented growth, with brands like Mixue Bingcheng, Pang Donglai, and Bai Xiang Food gaining national and international recognition. These enterprises represent different aspects of Henan’s economic…

Disappointing “Red May” Raises Hopes for a June Turnaround As the anticipated “Red May” market rally failed to materialize, investors are now pinning their hopes on June to deliver stronger…

Major Banks Cut One-Year Deposit Rates Below 1%, Signaling a New Era for Investors This week marked a significant milestone in the financial landscape as several major banks lowered their…

Two millennia after Buddhism traveled from ancient India to China, an unexpected reversal has emerged: today, many Hindu deities worshipped across India bear the label “Made in China.” This ironic…

Customs Data Shows Resilient Export Performance Amid Global Economic Challenges The General Administration of Customs released data on June 9 revealing China’s goods trade maintained steady growth during the January-May…

Traditional Celebrations Drive Record Tourism Numbers During the Duanwu Festival holiday, Chengdu’s cultural tourism market made waves nationwide through its spectacular dragon boat competitions and vibrant intangible cultural heritage exhibitions.…