Business & Industry News
Latest business & industry news and updates
China's Railways Carry 432 Million Trips in First Half of Summer Travel Rush
Newly opened high-speed rail routes and 357 specialized summer tourist trains helped drive domestic passenger travel in July.
China Leverages Local Industrial Strengths for High-Quality Growth
NDRC research officials and corporate leaders emphasize tailored tech upgrades across agriculture and advanced manufacturing.
China's Mega Shield Tunneling Machine Crosses Yangtze River for High-Speed Rail Project
The locally developed 'Linghang' TBM completes the underwater section of the Chongtai Yangtze River Tunnel, bringing high-speed rail closer to Chongming Island.
China's Coal Power Share Drops Below 50% for First Time in First Half of Year
Renewable generation surpassed 40% of total electricity production in the first six months, marking a structural milestone in China's energy shift.
China’s July Manufacturing PMI Slips on Seasonal Weakness as High-Tech and Summer Travel Boom
Extreme summer weather and off-peak production dragged factory activity into contraction, but high-tech sectors and seasonal tourism provided key growth highlights.
China's Cultural Enterprises Post 4.6% Revenue Growth in First Half of 2026
Official data from the National Bureau of Statistics highlights resilience in cultural services and emerging digital sectors despite mild contractions in manufacturing.
China's H1 2026 Social Logistics Volume Reaches 181.1 Trillion Yuan
National logistics expanded 5.1% year-on-year in the first half of 2026, remaining above 5% amid steady economic demand.
Musk Rejects China Exit Rumors as Tesla Deepens Domestic AI Partnerships
Reports of a potential separation of Tesla's Chinese business surfaced amid merger speculation, but localized AI deployments underscore its ongoing ties to the market.
Chinese Local State Enterprises Report 7% Profit Growth in First Half
State asset regulators highlight expanding R&D spending, strategic industrial realignments, and regional collaboration across provincial SOEs.
Wang Yiming Sees Service Consumption Opportunities in 15th Five-Year Plan
Policy experts and city forums focus on service sector expansion ahead of China's upcoming five-year planning period.
China Stocks Diverge as Consumer and Auto Gains Cushion Technology Pullback
Memory chip and MLCC shares showed resilience while strong vehicle export numbers and consumer staples helped offset broader market declines.
China’s Auto Exporters Shift Focus Toward Full-Chain Service Ecosystems
Beyond vehicle shipments, Chinese automotive firms are exporting financing, fleet management, and charging infrastructure to deepen global operations.