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.
ched for 10 km, making it a memorable scene for a generation.
In October 2016, the bridge was closed for repairs after being open for almost 50 years. The 100,000 vehicles it carried each day far
exceeded its designed capacity of 8,000, causing many cracks to appear in the structure. It has been repaired 12 times since 2002.
Other problems it faced included falling mortar and metal fatigue.
The government decided to spend more than 1.1 billion yuan ($164 million) on the repairs.
The structure’s original concrete deck was replaced by a steel one, which is lighter and h
as greater durability. The replacement work was carried out above the 27,000-volt railway line. Any falling mater
ial, even a screw, would have caused a power failure and disrupted services on the busy Beijing-Shanghai Rail
way. Workers had to erect scaffolding and protective nets when no trains were passing.
The diameter of the lamp bases on the bridge were reduced by 5 ce
ntimeters, making the sidewalk wider and more convenient for pedestrians.
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
d girl to learn what her father did not study until the third year of university? How could I
explain such complex concepts as, say, superposition states, to my 1-year-old daughter?
Yet, as I started this “mission impossible”, I soon realized it might not be as difficult as I first thought. The quantu
m physics book is, like all the books I buy for her, still a cartoon book, containing very few words.
Open the first page and you see a baby running after a cat, drawn in
a simple, colorful style that every infant will fall in love with at first sight.
Then the story became faster-paced. The cat jumped into a box and the box shut automatic
ally. The baby sat next to the closed box, not knowing what his furry friend was doing inside.
“Is the cat asleep or awake?” A question emerged from the book, w
ith the answer on the next page: “It can be both and in quantum physics.
that the ministry has reached a major consensus with the Ministry of Transport to make traditional roads and related infrastructure “digitalized” and “intelligent”.
Traffic lights, for instance, will benefit from 5G, with its large bandwidth and low l
atency, enabling them to send signals according to real-time road conditions, he said.
Currently in China, major equipment makers including Huawei Technologies Co Ltd are developing related standards, technologies and infrastructure.
“The 5G-related plans made by telecom experts might not meet the actual needs in real applications,” sai
d Yang Chaobin, president of 5G product line at Huawei. “Therefore, it’s important to involve all types of industries in 5G construction.”
took the examination, was quoted by China National Radio as saying that it had broade
ned his horizons and enabled him to gain a higher strategic perspective that can be used in planning future operations.
“It also reminded me of the necessity that as a commander, I not only need to take into consideration joint o
perations by various services in the PLA but also to think about joint campaigns with foreign militaries,” he said.
In June, the Ground Force organized a test for commanders of its 13 group armies – its la
rgest combat units. Since the start of this year, the Ground Force has conducted a wide range of exam
inations for almost all of its members to verify their professional knowledge and skills.
Geely and Daimler plan a 50-50 joint venture in China, which will develop and produce electric Smart br
anded vehicles and sell them globally starting from 2022, according to a deal the two signed earlier this week.
Representatives of the two carmakers said the Fi
nancial Times’ report of Daimler selling a 50 percent stake of Smart to Geely was not true.
Daimler, also owner of Mercedes-Benz, is currently prod
ucing the Smart branded vehicles in a plant in Hambach, France, but the plant will produc
e electric Mercedes-Benz models instead when the Chinese plant is finished. The location of the plant has not yet been disclosed.