China’s Domestic and International Tourism Flourishes in 2024
China’s tourism sector witnessed remarkable growth in 2024, with domestic and international travel experiencing significant upticks. The Ministry of Culture and Tourism reported 5.615 billion domestic trips, marking a 14.8% increase from the previous year. Domestic travelers spent over 5.75 trillion yuan (approximately $790 billion USD), reflecting a 17.1% rise in revenue year-on-year. Domestic Tourism […]
Unlock Mainland E-commerce: HKTDC Empowers Hong Kong SMEs
The Hong Kong Trade Development Council (HKTDC) is taking decisive steps to empower Hong Kong’s small and medium-sized enterprises (SMEs) to navigate the vast opportunities presented by Mainland China’s booming e-commerce market. Through the second edition of the Hong Kong Shopping Festival, HKTDC offers SMEs a suite of expert-led seminars, consultancy services, and innovative marketing […]
China’s Electricity Consumption Rises by 6.8% in 2024, Reflecting Economic Growth
China’s electricity consumption, a critical measure of its economic activity, experienced a significant rise in 2024, showcasing the nation’s ongoing industrial and residential development. According to the National Energy Administration, total power consumption for the year reached an impressive 9.85 trillion kilowatt-hours (kWh), marking a 6.8% year-on-year growth. Sector-Wise Breakdown of Power Usage The growth […]
China’s 2025 Spring Festival Travel Rush Hits 214M Train Tickets Sold
China’s official train ticket booking platform, 12306, has sold a staggering 214 million tickets as of Monday morning during the Spring Festival travel rush (chunyun), according to the China State Railway Group Co., Ltd. This marks a significant milestone for what is often dubbed as the largest annual human migration in the world. A Surge […]
China’s Spring Festival Film Market Surges with Over 235 Million Yuan in Pre-Sales
China’s vibrant movie market is kicking off 2025 on a high note as advanced ticket bookings for the Spring Festival holiday season have already surpassed 235 million yuan (approximately 32.7 million U.S. dollars) by Monday afternoon. This impressive milestone highlights the renewed energy in the world’s second-largest film market. A Booming Start to the Spring […]
Hong Kong Records All-Time High in Company Registrations for 2024
The Hong Kong Special Administrative Region (HKSAR) achieved a historic milestone in 2024, with the total number of registered firms reaching an all-time high. The surge reflects the region’s ongoing efforts to strengthen its position as a global business hub and attract key companies and top talent. Record Numbers of Local and Non-Hong Kong Companies […]
Canton Fair Sourcing Trip to Dongguan Spurs $62 Million in Trade Opportunities
The Canton Fair, a cornerstone of China’s foreign trade promotion, hosted a successful sourcing trip to Dongguan’s Dalang and Songshan Lake Foreign Trade Transformation and Upgrading Base from December 19 to 20, 2024. With participation from 24 leading multinational purchasing enterprises and over 70 Dongguan manufacturing companies, the event generated total intended purchase orders worth […]
The Future of Data Centers: Huawei Unveils Top 10 Trends for 2025
At the recent Top Ten Trends of Data Center Facility 2025 conference, Huawei outlined a forward-looking vision for the data center (DC) industry in the AI era. Yao Quan, President of Huawei’s Data Center Facility Domain, shared key insights into the transformative forces shaping the industry and unveiled the top trends that promise to drive […]
China’s Retail Sales Hit $6.79 Trillion in 2024, Up 3.5% YoY
China’s retail sales of consumer goods, a critical barometer of the nation’s consumption strength, achieved a robust 3.5% year-on-year growth in 2024, reaching an impressive ¥48.79 trillion ($6.79 trillion USD), according to official data from the National Bureau of Statistics (NBS). This growth reflects China’s resilience in consumer spending and its ability to adapt to […]
34th Education & Careers Expo Opens, Showcasing Global Opportunities
The 34th Education & Careers Expo, organized by the Hong Kong Trade Development Council (HKTDC), officially opened today at the Hong Kong Convention and Exhibition Centre. Running from 16 to 19 January, the event hosts over 820 exhibitors from 22 countries and regions, providing visitors with a one-stop platform to explore opportunities in education, training, […]