May Day holiday queues reveal China's economic strength
Almost every major tourist destination was flooded with a sea of faces during the five-day May Day holiday, which concluded on Wednesday. The sweet burden of the influx of tourists is a fraction of the booming Chinese economy on the fast track to recovery.
Macro
China's manufacturing draws global attention at Canton Fair
The 133rd Canton Fair, also known as the China Import and Export Fair, concluded on Friday in Guangzhou, capital of south China's Guangdong Province.
In-depth
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Robust earnings of China's innovative firms add impetus for economic growth
China's listed innovation-driven enterprises reported solid revenue and profit increases for 2022 along with intensified research and development spending, demonstrating their potential in driving economic growth in the country's new development stage.
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Economic Watch: Travel boom boosts recovery during May Day holiday
As China embraced the first May Day holiday since the country optimized its COVID-19 response measures, a dramatic travel spree lit up the country's confidence for economic recovery.
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Companies
Tesla's Shanghai gigafactory delivers over 75,000 vehicles in April
Tesla's Shanghai plant delivered 75,842 vehicles in April, according to data from the China Passenger Car Association (CPCA).
Starbucks reports China recovery as customers return to stores
U.S. coffee giant Starbucks said Wednesday that the company has posted a recovery in its Chinese mainland business this year, fueled by a rebound in traffic as customers returned physically to the stores.
