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East Asia’s branded coffee shop market is booming, thanks to a steady increase in the number of stores in China. According to a report released by the World Coffee Portal, China is leading the growth of coffee shops in the region and has overtaken the U.S. in terms of stores. The number of outlets in China rose 58% to 49,691 outlets on a yearly basis. CGTN’s Li Jianhua explores the reasons for the surging coffee demand in China.
Gong Zheng, mayor of Shanghai, said he has confidence in the economic performance of China’s financial hub. Gong made the remarks at the conclusion of the annual session of the Shanghai People’s Congress on Saturday. Earlier in his government work report, the mayor set a GDP growth target of around 5 percent for 2024. The […]
In the recently concluded World Economic Forum (WEF), world leaders delved into a myriad of discussions, focusing on various aspects of the global digital economy, investment landscape and the shifting global order. One of the buzzwords at WEF this year was Artificial Intelligence (AI). Exploring how AI can reshape the world and devising strategies to […]
<img src='https://news.cgtn.com/news/2024-01-28/Xinjiang-motorcycle-production-lines-for-Central-Asia-start-operation-1qJOizqe4DK/img/4cea69e0a402448da35204cc634ed6f5/4cea69e0a402448da35204cc634ed6f5.png' alt='This aerial photo shows a view of the Horgos International Border Cooperation Center on the China-Kazakhstan border in Horgos, northwest China's Xinjiang Uygur Autonomous Region, November 8, 2023. /Xinhua' The Horgos area of the Pilot Free Trade Zone (FTZ) in northwest China’s Xinjiang Uygur Autonomous Region on Saturday announced the official operation of […]