Business & Industry News
Latest business & industry news and updates
China Industrial Output Rose 5.2% in August Led by High-Tech Gains
Advanced equipment and robotics drove accelerated manufacturing, while retail sales expanded at a slower pace.
China Fixed-Asset Investment Drops 7.2% as Property Downturn Persists
Official data for January to August shows widespread contraction in capital expenditure, even as secondhand home sales and technology sectors post gains.
China's Industrial Output Grew 5.2% in August on High-Tech Surge
High-tech and equipment manufacturing led the rebound as overall factory output picked up from July.
China's Property Market Sees Sales Stabilise as Existing Home Transactions Rise
Official data reveals existing home turnover outpaced new builds through August as inventories fell and price drops slowed.
ICBC Reports 4.5% First-Half Profit Growth to 176.5 Billion Yuan
China's largest lender expanded assets to 57.07 trillion yuan in the first half of 2026 while lowering its non-performing loan ratio to 1.29%.
Gansu Section of Ultra-High-Voltage Power Line to Zhejiang Completed
The cross-country transmission project overcame its sole Yellow River crossing, keeping a 2027 commissioning target on track.
Construction of Second China-Mongolia Railway Surpasses Halfway Mark
The link connecting Gantsmod and Gashuunsukhait advances bilateral bulk freight capacity.
Range Technology H1 Revenue Rises 50% as AI Computing Overtakes IDC
AI data center services generated over 53% of revenue in the first half of 2026 as the Chinese operator accelerates overseas expansion.
China M2 Supply Expands 7.5% in August as Credit Demand Moderates
Central bank data shows social financing growth slowed to 7.2% as slower bank lending offset strength in bond issuance.
China's Social Logistics Volume Rises 5.0% to 214.5 Trillion Yuan Through July
Steady expansion in nationwide goods circulation underscores underlying supply chain activity amid ongoing structural adjustments.
China's Data Industry Surpassed 6.78 Trillion Yuan in 2025
Official figures show rapid expansion in market size and dataset reserves, laying structural groundwork for artificial intelligence deployment.
Poly Developments Posts 135.1 Billion Yuan in Sales for First Half of 2026
State-backed developer concentrates investment in top-tier cities while pushing debt costs down to 2.61 percent.