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.
inistry said. Governments at all levels are encouraged to establish public kindergartens,
aiming to get about 50 percent of all preschool children into public education by 2020, it said.
Communities, State-owned enterprises and public institutions
such as universities are also encouraged to establish their own kindergartens, it said.
Lyu Yugang, director of the ministry’s basic education department, said the cent
ral government will allocate 16.8 billion yuan to support preschool education.
Construction work has begun on the athletes’ village for the 2
021 Summer Universiade in Chengdu, located at Chengdu University.
Covering an area of around 37 hectares, the Universiade Village consists of eight specific buil
dings, including apartments for athletes, service center, health center, administrative affairs center, inter
national communication center, gymnasiums, aquatic center and the College of Chinese & ASEAN Arts.
In addition, construction is continuing on the tournament stadium, main gymnasium
and ball game gymnasiums. Major transportation projects, such as a new expressway, are also underway.
The 2021 Summer Universiade was officially awarded to
Chengdu, capital city of Sichuan Province, this March. The proposed dates for the tournament are August
followed by Baidu and ByteDance, according to the employment-oriented social networking platform LinkedIn.
The ranking list is based on feedback from LinkedIn’s more than 40 million users in China, taking fo
ur aspects into consideration — interest in the company, engagement with employees, job demands and employee retention.
Qualified companies must have had at least 500 employees as of Feb 1, 2018, and demonst
rate flat or positive employee growth over the following 12 months, based on LinkedIn’s data.
Among the top 25 companies to work for in 2019, 15 of them are technology companies, as the results showed.
Here is the top 10 list for best employers in China.
A traditional craft maker in Qinzhou, a city in South China’s Guangxi Zhuang autonomous
region, found a clue to boost popularity of its more-than-1,300-year-old workmanship. That is tourism.
Long Shaorong, vice-general manager with Qinzhou Nixing Pottery Arts Co Ltd, bets big on
tourism to beef up sales of Nixing pottery, one of the top four potteries in China, which originates from Tang Dynasty.
Guangzhou in South China’s Guangdong province provides the most
job opportunities in enterprises in the first quarter of this year, a report said.
With development of the Guangdong-Hong Kong-Macao Greate
r Bay Area set to begin, Guangzhou witnessed 24.95 percent year-on-year growth in recrui
tment demand in Q1, according to the report by 58 Tongcheng Recruitment Research Institute.
First-tier cities including Beijing and Shanghai continue to provide the largest job markets i
n China, while new first-tier cities such as Chengdu in Southwest China’s Sichuan province and Hangzhou in E
ast China’s Zhejiang province show strong momentum in recruitment demand growth.
With an average monthly wage of 9,723 yuan ($1,447.64), Shanghai, China’s financial center, pays the highest salaries in the co
untry, followed by Hangzhou with an average of 8,684 yuan, up 25.77 percent year-on-year — the highest growth rate.
Let’s take a look at which Chinese cities provide the most job opportunities.
He also underlined the significance of a strong audience base in the fu
ture. “It’s about developing the audience for Chinese animated films – to create projec
ts that are more popular with broader appeal,” he said. “The most important thing is to tell a good story with i
nteresting characters, in a way that is fresh and new, different and exciting for the audience.”
Minkoff said the Chinese animation industry has grown vigorously over the past dec
ade. “I’ve seen improvements made in the quality of the animation, the production and the filmmaking.”
With the coming of the 5G era and virtual reality, he thinks it opens up new space for creativity and accessibility. “The changes in techno
logy are going to continue to improve and make it possible to make really interesting, different kinds of films, an
d put the tools of filmmaking and animation into more people’s hands, which I think would be very good,” the director said.
Besides the animated adaptation of Wolf Totem, Minkoff revealed to
China Daily he is working on a “secret” project inspired by Chinese culture. “The movie is bas
ar,” Yu said. “Our market share is still growing very rapidly.” Ac
cording to him, currently, one of every three smartphones sold in China is from Huawei an
d he hopes that in the near future, two out of every three smartphones sold in China are from Huawei.
The company is also expanding its presence in overseas markets, with it already beco
ming the top smartphone vendor in several European countries, Yu added.
Huawei knocked Apple Inc off its second-place seat in the second quarter of 2018. The two are
in fierce competition. Currently, Samsung Electronics Co is the largest smartphone vendor in the world.
Yu also said that Huawei is open to selling its 5G modems, a key component of smartphones, to
Apple, as the United States tech giant is having difficulty in finding an appropriate supplier.
In 2018, Huawei shipped over 200 million smartphones and it said earlier that
the Shenzhen-based company is likely to ship about 230 to 250 million smartphones this year.
percent with its joint venture brands- Beijing Benz, Beijing Hyundai
and Fujian Benz selling 485,000 vehicles,790,000 vehicles, and 29,000 vehicles, an increa
se of 14.8 percent, 0.7 percent and 27.3 percent, respectively; while its self-owned brands sold 156, 000 vehicles last year.
Beijing Benz becomes backbone in BAIC’s revenue with the figure reaching 135.41 billion yuan in 2018 from 116.77 billion yuan
in 2017, jumping 16 percent year-on-year, that accounted for 89.1 percent of BAIC revenue in 2018.
A pair of giant pandas will leave Chengdu, capital of Sichuan province, on Thursday for Denmark.
They will stay in the Copenhagen Zoo for 15 years as part of a joint research project between the
Chinese Association of Zoological Gardens and Copenhagen Zoo to protect and breed giant pandas.
A grand farewell ceremony for the duo, Xing Er, a 6-year-old male, and Mao Er, a 5-year-old fe
male, was held at the Chengdu Research Base of Giant Panda Breeding on Wednesday.