Business & Industry News
Latest business & industry news and updates
China Connects World's First 16-MW Tension-Leg Floating Wind Platform to Offshore Oilfield Grid
CNOOC's Haiyou Anlan platform begins powering the Lufeng Oilfield, advancing deep-water floating wind engineering and offshore asset decarbonization.
China Foreign Direct Investment Shifts Toward High-Tech and R&D Sectors in H1 2026
Actual utilized FDI in high-tech industries rose 33.2% year-on-year in the first half of 2026, driven by artificial intelligence, R&D services, and advanced manufacturing.
China's Northernmost High-Speed Rail Begins Full-Schedule Trial Runs
The 318-kilometer Harbin-Yichun line will cut transit times from seven hours to roughly two hours upon commercial opening.
China's July Logistics Index Softens Slightly to 50.4% While New Orders Rise for Fifth Straight Month
The nation's logistics sector remains in expansion territory, supported by multimodal transport growth and summer consumer demand.
Global Automakers Extend Chinese Joint Ventures, Shifting R&D Control to Local Teams
Multinational carmakers are extending China partnerships by decades while re-engineering joint ventures around local EV supply chains and design authority.
China's Marine Economy Reaches 5.5 Trillion Yuan in First Half of Year
Official data from the Ministry of Natural Resources shows steady ocean economic expansion and strong gains across key shipbuilding metrics.
China Auto Exports Top 1 Million Units for Second Straight Month in July
Strong overseas demand for new energy vehicles helped offset softer domestic sales as monthly auto exports reached 1.043 million units.
China's C919 Jetliner Completes First International Commercial Flight to Mongolia
Air China operates the inaugural overseas commercial route for the domestically built C919 passenger jet from Beijing to Ulaanbaatar.
Asia's First Flexible DC Offshore Wind Project Surpasses 10 Billion kWh
The milestone validates the long-term reliability of high-voltage flexible direct current technology for deep-water offshore power transmission.
China's Major Internet Enterprises Report 10.1% Revenue Growth in H1
Revenue reached 1.07 trillion yuan while profit growth accelerated to 16.6%, according to Ministry of Industry and Information Technology data.
China's Tax Relief Exceeds 1.9 Trillion Yuan in H1 to Boost High-Tech and Manufacturing Growth
Tax data from the State Taxation Administration shows accelerating digital transformation and strong growth in smart vehicles, drones, and robotics.
Hainan Offshore Duty-Free Sales Reach 21.6 Billion Yuan in First Seven Months
Duty-free spending in China's island province rose 17.9% year-on-year, signaling sustained recovery in domestic tourism consumption.