
Bicycles and e-bikes show positive progress
China DailyA bicycle production line seen in Laoling, East China's Shandong province. China's bicycle and electric bicycle industry achieved steady progress in the first three quarters of the year, amid a complex external environment, economic reshaping driven by technological revolutions and the enormous potential of the domestic market, according to an industry association. "The industry has shown continuous recovery and positive growth, as Chinese companies have made efforts in deepening structural adjustments and accelerating transformation and upgrading," said Liu Suwen, president of the China Bicycle Association. "Despite facing some challenges, the bicycle industry's development trend is optimistic, with major economic indicators steadily rising, the capacity for mid-to high-end supply continuously expanding and comprehensive regulation of the electric bicycle sector promoting standardized industry development," said Liu. The bicycle and electric bicycle industry in China has made substantial progress in technological innovation, brand building, and market expansion over the year, according to Liu.
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