The first tourism festival in Shanghai attracted half a million tourists from home and abroad, while last year's attracted 12.7 million. As people's living standards have improved remarkably, tourism is not a luxury any more, but a necessity for many.
The first batch of baby's breath flowers was sold at about 70 yuan (.80) per kilogram - a much higher price than the 3 yuan per kg for corn sold in Gansu.
The firm is young and small, with a staff of about 60 people. But, it has been invited to a number of international industry pageants such as the Apple Worldwide Developers Conference and Google's annual developer conference.
The first multi-span rigid frame continuous beam for the No 2 Bridge of Indonesia's Jakarta-Bandung High Speed Railway was successfully closed in May.[Photo provided to China Daily]
The first amphibious light sports aircraft wholly designed and manufactured in China successfully made its maiden voyage on Tuesday on Shanghai's Dishui Lake, and its designer said mass production and delivery of the aircraft were likely next year, pending regulatory approval.
The flip side of that is, a black-swan event can also floor farming, maul manufacturing, savage services, and bring the globalized, heavily digitalized and economy-first world to its knees, all in a matter of weeks.
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The first is food service, a market that is estimated to exceed 4 trillion yuan, making it the second largest in the world. The annual revenue of the food service and hospitality market has grown at double digits, providing a big opportunity for Ecolab.
The following are some key factors to watch:
The former chief economist at the World Bank noted that in the past five years, strong technological changes have taken place in China and the country has demonstrated a deeper understanding of the danger of unmanaged climate change.
The flagship store, located near the West Lake scenic spot, features the use of big data and algorithms to pinpoint customer needs. Spread over an area of 700 square meters, the store sells the most popular products among Chinese customers, including categories like beauty makeup, personal care, baby products, electronics, home appliances, clothing and luxury products.