Chinese brands have become increasingly popular among consumers, according to a report on consumption trends by Trendforesee Consulting Co released on its official WeChat account on Monday.

About 79.9 percent of consumers increased their consumption of Chinese brands in 2023, up from 73.3 percent in 2020.

Nearly a thousand of Chinese enterprises showcased and released a large number of new products, technologies and services at the Exposition on China Brand amid the 2023 China Brand Day events in Shanghai from May 10 to 14.

Thirty-eight centrally State-owned enterprises brought their latest products and programs this year, with the number of exhibitors doubled that of 2021, according to a People's Daily report on Monday. More Chinese companies are contributing to the development of the world as the China State Construction Engineering Corp has built more than 2,400 projects in countries and regions alongside the Belt and Road Initiative since 2013.

SHANGHAI -- Chinese Vice Premier Ding Xuexiang on Saturday called for solid efforts to strengthen the country's brand building.

Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks when delivering a speech at the International Forum on China Brand Development, part of the ongoing 2023 China Brand Day events in Shanghai.

The world's first hydrogen-powered urban train was on public display at China Brand Day, which kicked off on Wednesday in Shanghai.

The train, which was developed by the CRRC Changchun Railway Vehicles Co, consists of four carriages and is designed for a maximum speed of 160 kilometers per hour. The hydrogen-powered system can provide a strong and lasting power source for the train and achieves a driving range of 600 km.

The train also adopted the most advanced automatic driving technology, including automatic wake-up, automatic start/stop and return to the depot.

The final list of foreigners' favorite Chinese brands was unveiled in Shanghai on Wednesday, also known as the China Brand Day.

A total of 50 Chinese brands including COSCO Shipping, CRRC, Alibaba and Bank of China, are on the final list, based on an online poll among overseas consumers.

The 2023 China Brand Day events kicked off in Shanghai on Wednesday as the country seeks to develop its brand building, according to a Xinhua report.

The events, which will run until May 14, comprise an international forum and an exposition on China's brand development.

More than 1,000 innovative Chinese enterprises, and those with self-owned brands, exhibited their products and solutions at an event in Shanghai marking 2023 China Brand Day from Wednesday through Sunday.

As a key event of 2023 China Brand Day, which falls on Wednesday this year, the exhibition held at the Shanghai World Expo Exhibition and Convention Center is aimed at showcasing the "new look of current Chinese brands to the world", organizers of the event said.

Roughly 1,000 Chinese enterprises will showcase their products in an exhibition to be held at the Shanghai World Expo Exhibition and Convention Center from Wednesday through Sunday.

A key event of the 2023 China Brand Day, which falls on Wednesday, the exhibition is aimed at highlighting the vitality that Chinese brands possess today.

BEIJING -- Global luxury brands are poised to unlock fresh business growth points and tap into the vast Chinese consumer market, as China's economy is showing a faster-than-expected recovery.

"2023 is a year full of hope after the peak of COVID in China and all the measures are in place to relaunch the economy and consumption," Sophie Phe, the CEO of Remy Cointreau China, told Xinhua in an exclusive interview.

New energy auto shipments boom as quality, technology increase

With the sound of a siren, a ship carrying 3,000 of a domestic brand's new energy vehicles left a wharf in Guangzhou's Nansha district in Guangdong province one morning in late March, bound for a port in Southeast Asia.

With a brand value of 1.04 trillion yuan($150 billion), Kweichow Moutai has become the most valuable Chinese brand for the fifth consecutive year, according to Hurun Most Valuable Chinese Brand 2022 ranking released on Monday.

Kweichow Moutai, the only trillion-dollar brand, is followed by another a liquor brand Wuliangye and a cigarette brand ChungHwa.

Market share of Chinese-brand passenger vehicles surged to 49.9 percent in 2022, up 5.4 percentage points, People's Daily reported on Thursday.

The cumulative sales volume of Chinese-brand passenger vehicles reached 11.766 million units in 2022, up 22.8 percent year-on-year.

Domestic firms find younger shoppers drawn to products that incorporate traditional associations

With buying power rising among young, heritage-minded consumers, domestic cosmetics brands are winning hearts with guochao — a trend that is seeing younger buyers drawn to products with Chinese cultural elements.

FUZHOU -- Major Chinese sports enterprises such as Anta, Xtep and Li-Ning enjoyed considerable growth in 2022, according to annual financial results released in recent days.

Anta's full-year revenue rose 8.8 percent year-on-year to 53.65 billion yuan, with annual revenue exceeding 50 billion yuan for the first time in the company's history.

Chinese home appliance makers are ratcheting up efforts to expand their presence in overseas markets, increase investment in localized research and development and roll out high-end products amid intensified competition from rivals in the domestic market.

Industry experts said establishing overseas branches or production centers will not only spread China's advanced manufacturing, R&D and management capabilities abroad, but also create job opportunities for locals, boost brand awareness and enhance the competitiveness of Chinese enterprises globally.

Chinese tea and ice cream brand Mixue's first store in Australia, which officially opened in downtown Sydney on Feb 25, is attracting long lines of customers.

Located in the World Square Shopping Centre, the store earned revenue of about 24,000 yuan ($3,463) during its soft opening two weeks earlier.

China-made new energy vehicles are gaining in popularity globally, which automakers and experts said is a sign of the country's leading position in the burgeoning sector.

Chinese and foreign carmakers exported 170,000 electric vehicles and plug-in hybrids from China in the first two months, up 62.8 percent year-on-year, said the China Association of Automobile Manufacturers.

TOKYO — While Japan's unique business culture and a strong emphasis on quality may have deterred some foreign firms seeking quick money to enter the country, an increasing number of Chinese companies, with their long-term commitment and solid steps, are starting to gain a foothold in the hard-to-crack market.

On Jan 31, China's leading electric vehicle manufacturer BYD started selling its sports utility vehicle ATTO 3 in Japan, with its first dealership opened in Yokohama.