Business & Industry News
Latest business & industry news and updates
China Domestic Tourism Hits 3.46B Trips in H1 2026 as Spending Lags
Domestic travel volume grew 5.4% year-on-year, but total expenditure rose just 2.0%, pointing to softer average consumer spending per trip.
China Foreign Exchange Reserves Top $3.41 Trillion as Gold Holdings Rise for 21st Month
Valuation shifts and steady capital inflows helped maintain China's official reserve stability through July 2026.
China's Light Industry Posts 5% Output Growth in First Half of Year
Revenue reached 11.2 trillion yuan as smart electronics and battery exports sustained economic momentum.
China's Foreign Trade Exceeds 30 Trillion Yuan in First Seven Months of 2026
Robust demand for high-tech exports and surging imports drive a 17.3% year-on-year increase in overall goods trade.
China Accelerates Development of Modern Water Infrastructure Network
Efforts to bolster national water security and support economic growth drive investment into major water grid projects.
China's Machinery Sector Value-Added Rose 6.4% in First Half
Revenue reached 16.1 trillion yuan while high-tech equipment output and foreign trade expanded sharply.
DeepSeek Secures Three-Year Lockup in Unitree Robotics IPO Placement
AI pioneer DeepSeek joins top state and corporate investors with a 141 million yuan strategic stake in China's leading humanoid robotics firm.
Heilongjiang Expands Silver Economy as Senior Travel Shifts to Wellness
Harbin unveils new wellness travel routes and smart eldercare initiatives to cater to a growing demographic seeking long-term staycation experiences.
Hainan's First 'Hualong One' Nuclear Power Unit Connects to the Grid
Unit 3 of China Huaneng's Changjiang Phase II project marks Hainan's first third-generation indigenous nuclear power connection.
China Non-Ferrous Metals Sector Shifts Focus to Upstream Supply and Emerging Tech Demand
Industrial profits doubled between 2020 and 2025 as demand pivoted toward green tech, aerospace, and AI, even as smelting margins faced compression.
China’s Service Trade Exports Rose 17.6% in First Half of Year, Official Data Shows
A surge in knowledge-intensive services and inbound travel helped narrow the country's service trade deficit by over 160 billion yuan.
Smart Agriculture Delivers Desert Tomatoes from Inner Mongolia to Beijing
An automated smart agriculture park in Alxa relies on big data and cold-chain logistics to supply premium tomatoes directly to the capital.