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Chinese and foreign guests tour an expo park of ancient residences in Bengbu, Anhui province, before attending the closing ceremony of the sixth annual conference of the Taihu World Cultural Forum on Tuesday. [Zou Hong/China Daily]
Chinese households are paying more attention to digitalized consumer products and high-end cosmetics. What's more, they are less price-sensitive now.
Chinese banks' lending in yuan, a leading indicator for the real economy, surged in March by 1.69 trillion yuan (2 billion), up 52 percent from a year earlier, according to the People's Bank of China, the central bank. The manufacturing purchasing managers index for March, which was back into expansion territory, may be a sign of accelerating industrial activities.
Chinese Vice-Premier Ma Kai and French Minister of Finance and Economy Bruno Le Maire will co-chair the dialogue, spokesperson Geng Shuang said.
Chinese internet heavyweights such as Baidu Inc, Alibaba Group Holding Ltd and JD all saw revenue growth in the first quarter of this year.
