The Industrial and Commercial Bank of China (ICBC), China’s most valuable brand, topped Forbes’s
newly released annual ranking of the world’s top 2,000 largest public companies for the seven consecutive years.
The State-owned bank, which generated 298.7 billion yuan ($43.5 billion) in net profit last
year, has assets of more than $4 trillion and nearly half a million employees, according to Forbes.
Meanwhile, China Construction Bank, the Agricultural Bank of China and the Bank of China, renowned as the “Big Four” ba
nks in China along with ICBC, also joined the top 10, ranking at third, fourth and eighth places, respectively.
Ping An Insurance Group came in at seventh with a market capital of $220.2 billion, according to Forbes.
profits in producing electric bicycles, exploring niche markets, an
d improving intelligent and network connecting levels, Economic Daily reported Monday.
As China’s bicycle-sharing companies experienced periods of boom and decline in 2017 and
2018, many of the country’s bicycle companies have discovered new profit potential by producing e-bicycles.
Statistics show the output of shared bicycles was 5 million in 2018, a quarter of that of 2017, while the o
utput of e-bicycles reached 32.78 million in 2018, up 5.8 percent year-on-year, according to the report.
Benefiting from ever-growing demand, the development of the e-bicycle has maintained strong growth momentum. In the f
irst quarter of this year, the profit growth rate reached 28.7 percent for e-bicycle enterprises above the designated size
in the industry, which refers to those with an annual main business revenue of 20 million yuan ($2.98 million) or more.
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.
a history of more than 100 years, with hundreds of colorful hybrids, is a blast from the past, she says.
Cheng, 43, decided to conduct research on succulent plants and c
ultivation after she graduated from the Beijing University of Agriculture in 1998.
But she set herself the goal of becoming a professional gardener much earlier-when she was in high school.
Cheng was one of the first batch of people who started to explore the splendor of succule
nt plants, but she didn’t expect the small pots would become a craze for millions of Chinese.
It was not until 2011 that the succulents industry in China started to boom, aided by cyber publicity.
A long-distance athlete since primary high school, Cheng has alway
s been dedicated to things she loves, such as replacing soils and pruning messy bran
ches in the garden. And despite being allergic to pollen, she did not give up on this career.
Visitors to the Beijing International Horticultural Exhibition can expect attentive services mee
ting a variety of tourist needs at the Expo site since event’s opening day on Monday, Chinanews.com reported.
Two huge comprehensive visitor service centers, one near the China Pav
ilion and another in the International Pavilion, can sat
isfy tourists who want to take a rest, have a meal, use the restroom, seek medical help, care for babies and more.
Ambulances, emergency medicines and equipment including trauma supplies, respirators and
medical defibrillators are ready for use at the healthcare centers located in each of the two service centers.
Nearly another 20 automatic external defibrillators, used to revive a pe
rson experiencing cardiac arrest, have been scattered throughout the other pavilions.
manufacturing and selling fake or substandard vaccines, and stipulates a punitive compensation to those who sell or use su
bstandard vaccines with knowledge, causing death or serious health consequences.
Every morning, Sonam Tsering, 30, takes up his backpack and
earphones, boards the subway and arrives at a commercial bank in Beijing for work.
Sonam’s job in is the international busine
ss unit of the bank. His success has a lot to do with his educational background.
Sonam was born in Jone county in Gannan Tibetan autonomous prefecture of Gansu pro
vince. Under China’s ethnic policies, Sonam was able to study at a middle school in northern Hebei province.
“There were many ethnic classes in our school, and many of my classmates were ethnic
minorities,” he said. After graduation, Sonam went for further study in Britain.
s life. Now both Sonam and his wife work in Beijing while raising a daughter, who is now a year old.
“We plan to let our child study in Beijing,” he said. “We want her to get in touch
with avant-garde thoughts, broaden her horizons and pursue a life she likes,” he said.
Like Sonam Tsering, Tsering Lhakyi also benefited from the country’s ethnic policies.
In the 1980s, due to a lack of skilled workers and the poor educational foundation in the Tibet autonomous regi
on, the government decided to offer classes to Tibetan children. In 1985, the first batch of them went inland to study. Sin
ce then, an increasing number have pursued studies in more developed areas in China.
Tsering Lhakyi, born in the 1990s, was raised in Tibet’s Nagchu prefecture. Because of her h
igh scores in the primary school, she was admitted to an inland Tibetan middle school. After the national col
lege entrance exam, she applied to a university in Yantai, Shandong province, because she “wanted to see the sea”.