Cool Economy Rides the "Heat" and Releases New Consumption Vitality through Diversified Business Formats

date
12/07/2025
From the laughter and cheers in the water park to the crowds of tourists in the summer resort, from the hot sales of cooling appliances to the booming nighttime consumption - in this scorching summer, the cool economy is thriving, with various formats focused on cooling down and escaping the heat stimulating consumer vitality. Experts say that currently, the deep integration of diverse formats such as sports, entertainment, tourism, and catering not only meets the diverse needs of consumers, but also serves as an important engine to drive consumption upgrades and unleash the potential of domestic demand.
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1 m ago
Chery has released a statement regarding the recent situation of Chery's application for the Ministry of Industry and Information Technology's new energy promotion subsidy. The statement mentioned that the Ministry of Industry and Information Technology recently published a notice on the preliminary review of the settlement and audit of the subsidy funds for the promotion and application of new energy vehicles from 2016 to 2020, and many car companies had their declared vehicles and amounts reduced. Chery and BYD were among those with significant reductions, leading to misunderstandings and speculation by some domestic and international media. Chery clarified that the 2025 subsidy application was a consolidation of the new energy vehicles that were not completed in the 2016-2020 applications. The subsidies would only be distributed after approval by the four ministries, and it is not the case that the companies had already received the subsidies and needed to refund them. Chery claimed that they truthfully reported the list of vehicles for which sales terminal receipts were not collected and denied any deception. Ultimately, the batch of vehicles with explanations were reduced due to "sales terminal receipt discrepancies" during the Ministry of Industry and Information Technology's publication, which is a normal process in the application. Claims of "violations," "repayment," "improper receiving," "fraudulent receipt of subsidies," and "returning them" were all misinformation.
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