The 32nd China International Bicycle Fair kicked off in Shanghai on Sunday, with an array of niche products on display.
The four-day exhibition have attracted about 1,460 enterprises to participate. With 7,360 booths, its venue covers an area of 150,000 square meters, increasing 11 percent from the level of last year.
This year, the bicycle manufacturers have brought their latest products of niche categories like gravel bikes, speed mountain bikes and mountain bikes with soft tails to the fair.
"Consumers of road bikes are younger. As the fitness equipment, the road bike is also an efficient tool for social interaction. For this reason, the bike has seen a significant growth," said Zhang Xiaoping, an exhibitor.
Over 1,100 overseas purchasers have come to the fair where they can talk face to face with Chinese manufacturers.
"Regarding Chinese bikes from last couple of years, the new design, the new model is too attractive," said Tasi, a foreign purchaser.
The China Bicycle Association, the organizer of the event, said that in the first quarter of this year, China exported a total of about 10.999 million whole bicycles, a 13.7 percent increase from the fourth quarter of 2023.
The association estimated that this year, China will see a noticeable rise in its bicycle exports to the markets in South East Asia, West Asia, and South America.
32nd China Int'l Bicycle Fair kicks off in Shanghai
Over 70 percent of the projects funded by China's additional one-trillion-yuan treasury bonds issued late last year have started construction, according to the National Development and Reform Commission (NDRC) on Saturday.
So far, 15,000 projects funded by the issued treasury bonds have been implemented, with 11,000, or 72 percent of them having started construction, said Hu He, chief of the General Office of NDRC's Investment Division, adding that efforts will be made to ensure that all the remaining projects will be in construction before late June.
"Among them (the funded projects), those for post-disaster reconstruction have seen rapid progress. Beijing, Tianjin and Hebei have activated 95 percent of these projects, and a batch of post-disaster reconstruction projects for improving the people's wellbeing such as schools, hospitals, water supply facilities and roads, have basically been completed, and are ready for timely use," said Hu.
Late last year, China issued an additional one-trillion-yuan treasury bonds, mainly covering projects of eight key areas including those for post-disaster construction, enhancing north China and other regions' capacity for post-disaster reconstruction, disaster prevention and mitigation, and helping the affected regions restore their basic production and living conditions and economic development to the pre-disaster level.
"The additional treasury bonds issued in 2023 strengthened support for enhancing the capacity for post-disaster reconstruction, disaster prevention, mitigation, and relief, raising the support standards for the projects all at once, thus greatly easing the local government's financial pressure. The measure is both aimed at helping the affected population to restore as fast as possible the normal working and living conditions and enhancing the capacity for disaster prevention and relief in the long run, so as to better protect people's lives and property in the future," said Hu.
China's treasury bonds-assisted civil projects well progressing: official
