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Industrial manufacturing sees major gains in Q1

Profits at China’s major industrial firms maintained solid growth in the first quarter despite a complex economic environment, with equipment manufacturing and high-tech sectors reporting strong gains, official data showed on Monday. Industrial enterprises with an annual main business revenue of at least 20 million yuan ($2.82 million) saw their total profits rise 15.5 percent…

China’s wholesale, retail sectors log steady growth in Q1

BEIJING — China’s wholesale and retail sectors posted steady growth in the first quarter of 2026, providing solid support for building a strong domestic market, the Ministry of Commerce said Monday. From January to March, the added value of China’s wholesale and retail trade grew 4.1 percent year-on-year to 3.5 trillion yuan (about $510.4 billion),…

Chinese netizens cause apology by French fashion label

A wave of criticism from Chinese online users has pushed French fashion label Lemaire to issue a public apology, after a fragrance campaign was widely condemned as culturally insensitive. The controversy centers on visuals promoting Lemaire’s “Objets Senteur” collection, a line of home fragrance objects. Campaign images featuring braided forms paired with long garments and…

Labubu fridge resale prices nearly double ahead of launch

Resale listings for a Labubu-themed refrigerator have surged to nearly double its retail price days before its official debut. On secondary online marketplace Xianyu, some early listings for the limited-edition fridge have climbed to nearly 10,000 yuan ($1,465), up from the official retail price of 5,999 yuan. Chinese collectibles giant Pop Mart announced on April…

Innovation, policies boost growth outlook

Technological innovation and robust policy support for domestic demand are bolstering China’s economic resilience, laying a stable foundation for growth through the remainder of the year, economists said. The assessment follows the Ministry of Finance’s welcoming of the decision by Moody’s Ratings to affirm China’s A1 sovereign credit rating and upgrade its outlook to stable.…

Innovation, policies boost growth outlook

Technological innovation and robust policy support for domestic demand are bolstering China’s economic resilience, laying a stable foundation for growth through the remainder of the year, economists said. The assessment follows the Ministry of Finance’s welcoming of the decision by Moody’s Ratings to affirm China’s A1 sovereign credit rating and upgrade its outlook to stable.…

Domestic gas and oil production helps China weather global headwinds

China secured stable domestic oil and gas supply in the first quarter, effectively dampening external shocks from global geopolitical tensions, including conflicts involving the Middle East, according to authorities. Output of crude oil and natural gas from major industrial enterprises rose 1.3 percent and 3.0 percent year-on-year, respectively, during the first quarter, Xing Yiteng, deputy…