organ Stanley China, said this age group will be a main driver of the consumption upgrade in the next decade, with consum
ption in third- and fourth-tier cities expected to reach 45 trillion yuan in 2030, compared with 15 trillion yuan in 2017.
There were estimated to be about 112 million small-town youths in
China last year, according to mobile internet industry consultancy iiMedia Research.
Chen Ke, a senior partner with global consultancy Roland Berger, said that with lower housing prices in third- and fourth-tier c
ities, small-town youths have sizable disposable income and are more willing to spend a larger proportion of th
eir income on daily consumption, compared with people of the same ages living in bigger cities.
“They also have an increasing desire to live a better material and spir
itual life, are becoming more interested in personal products and are more willing to sp
end on entertainment and hobbies, as they have more spare time than their peers in big cities,” he said.
trial park’s output would be 2 million units of refrigerators, 1 million units of LED TVs, 1
million units of washing machines and 1 million units of air conditioners annually.
The park will also generate around 14,000 jobs after the first Haier manufacturing plant create
d some 12,000 jobs in Pune, an industrial city in the southwestern state of Maharashtra, company sources said.
Having closed the year 2018 with a total turnover of 3,800 crore Indian ru
pees (around $543 million), the global brand is currently at No 5 in terms of sales in Ind
a, and yearns to be among the top three brands by the next year, company sources said.
“India is a big market for us and we would like to continue to invest here in manufact
uring and simultaneously design technological innovations specifically for our Indian consumers,” sai
d Song Yujun, Haier’s vice-president and managing director for South Asia operations.
accelerating its transition from high-speed growth to high-quality develo
pment, as its economic structure continues to upgrade, and new momentum sustains remarkable growth.
China has adopted a proactive fiscal policy this year with greater intensity and enhanced efficiency, rolling out substa
ntial tax cuts and fee reductions, and its economic growth in the first quarter has gotten off to a good start, Liu said.
The minister said his country will continue to significantly relax ma
rket access, enhance the protection of intellectual property rights, and carry out larg
er-scale tax cuts and fee reductions, so as to create a more attractive investment and business environment.
On the sidelines of the Development Committee meeting, Liu met with David Malpass, the new World Bank president, as scheduled.
With his exaggerated expressions and inborn sense of humor, Lao Ma, a student from Angola, has
become an internet sensation. He has 2.8 million fans on Tik Tok, a video sharing application similar to Musical.ly.
Plus, he speaks fluent Chinese and has a strong interest in Chinese culture. Although not Chinese, he has a Chinese heart.
This 23-year-old African student Clarck Gable (Chinese name Lao Ma) is from Huambo province, Angola.
He is currently studying at the School of International Co-education of Nantong Vocational
University in Jiangsu province, majoring in computer application technology.
In the second half of last year, Clarck and his friends signed up on Tik Tok, and began to create self-directed
short videos. Most of their works are based on the experience of Lao Ma in China. The videos are loved by fans.
ing as well as jointly reward and punishment system building among government depart
ments for high-quality development of cross-border posting and delivery services, Tu said.
In 2018, Chinese express delivery firms handled a record 50.71 billion p
arcels, up 26.6 percent from the previous year. Business revenue expan
ded by 21.8 percent to reach 603.84 billion yuan (about $90 billion).
China’s smartphone shipments fell 4.1 percent year on year in March to 26.94 million units,
data from the China Academy of Information and Communications Technology (CAICT) showed.
Last month, smartphones made up 94.9 percent of all mobile phone shipments in the country, acc
ording to a report from the CAICT, a research institute under the Ministry of Industry and Information Technology.
Despite the mobile phone market shrinking, the drop has been moderated, said the report.
Overall mobile phone shipments went down 6 percent in March, narrowing from the 19.9-percent slump in February to 28.37 million units, among which 95.1
ened on April 3 at the United Nations Headquarters in New York City with ambassadors from UN member states. The Round
table was co-convened by OCEANIX, the company founded by Collins Chen, the MIT Center for Ocean Engi
neering, and the Explorers Club. Tencent also co-hosted a luncheon with UN ambassadors in support of the day.
This is the first High-Level Roundtable at the United Nations exploring sustainable floating c
ities as an adaptation strategy to deal with sea level rise and the devastation caused by land reclamation.
Maimunah Mohd Sharif, UN Under Secretary-General and Executive Direct
or of UN-Habitat said for the first time in history, they are bringing leading visionaries, innovators, explorers, scientists a
nd business leaders to share cutting-edge ideas on the potential of future cities to redefine the way we build, live, and work.
Top architect Bjarke Ingels, who together with Collins Chen designed the city for 10, 000 residents sa
id, “OCEANIX CITY is a blueprint for a modular maritime metropolis anchored in the Sustainable Development Goals”.