China launched a month-long consumption promotion event in its financial hub Shanghai on Monday, featuring a variety of activities, including the launch of new products.
Known as China International Premium Consumption Month, the event is set to be held in Shanghai, Beijing, Guangzhou, Tianjin and Chongqing throughout November.
During the event, a total of 50 activities featuring new products release, first-time exhibitions, and opening of new stores will take place in those places.
In Beijing, nearly 50 new stores across fashion, cosmetics, and other sectors will open, with over 100 new domestic products expected to make their debut. Meanwhile, over 200 exhibitions and performances will be held for the first time, offering customers a vibrant and diverse experience.
Shanghai plans to organize 10 themed activities, including new product launches and promotion of traditional culture.
"More than 200 brands will launch their new products during the event," said Liu Min, deputy director of the Shanghai Municipal Commission of Commerce.
China launches consumption month, featuring diverse activities
African officials on Wednesday pledged to scale up investment to accelerate development across the member states of the Economic Community of West African States (ECOWAS) at a meeting in Accra, Ghana's capital.
They made the commitment during the 24th Annual General Meeting of the ECOWAS Bank for Investment and Development (EBID), where leaders highlighted the need to expand the bank's capital base to finance transformative projects.
Ghanaian Finance Minister Cassiel Ato Forson stressed that timely capital payments would strengthen EBID's leverage and sustain its growth, enabling the institution to stimulate inclusive economic expansion across the region.
"Timely capital payments are critical. It strengthens EBID leverage and sustains its growth and impact across our region. Expanding our capital base is essential to strengthen our ability to finance transformative development projects and stimulate inclusive economic growth among our member states," said Forson.
EBID recorded strong achievements in 2025, with total disbursements of about 722 million U.S. dollars, up 47.7 percent from 2024. Building on that momentum, President George Agyekum Donkor said the bank remains committed to helping member states tackle poverty and close infrastructure gaps across the region.
"We aim to direct at least 63 percent of new commitments towards the private enterprises to catalyze job creation and innovation. Simultaneously, the bank would embed environmental, social and governance principles across its operations, dedicating over 41 percent of resources to climate mitigation and social inclusion projects," said Donkor.
With disbursements surging nearly 48 percent last year, EBID officials said the bank is positioned to channel more resources into private-sector growth and climate-focused projects, reinforcing its role as a driver of inclusive development across West Africa.
African officials vow stronger investment push at ECOWAS bank meeting in Accra
