The number of wealthy Chinese families hit 5.01 million as of Dec 31 in 2019, an increase of 1.4 percent from a year earlier, according to the Hurun Wealth Report 2020 released on Feb 8.Wealthy families refer to households owning assets of at least 6 million yuan ($929,400), the report said.Moreover

Chinese people start their preparations for the Spring Festival more than 20 days ahead. The 12th lunar month in Chinese is called la yue, so the eighth day of this lunar month is la yue chu ba, or laba. The day is also known as the Laba Rice Porridge Festival. The Laba this year falls on Jan 20.Thr

In January, there were 14 major regions where the scale of national furniture purchases exceeded 10 million yuan, namely Shandong, Beijing, Fujian, Sichuan, Jiangsu, Guangdong, Gansu, Shanghai, Henan, Jilin, Hebei, Heilongjiang, Tianjin and Jiangxi. Compared with December 2020, there are 2 regions l

Members of the World Trade Organization (WTO) on Monday agreed by consensus to appoint Ngozi Okonjo-Iweala, a former finance minister of Nigeria, as the next director-general, said the WTO in a press release.The decision was made at a special meeting of the WTO's General Council at which the World B