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China Industries

China Industries

Real estate shows signs of rebound

Potential homebuyers examine floor plans, prices and promotional offers in front of a model of a residential complex in Huizhou, Guangdong province, on May 1. ZHOU NAN/FOR CHINA DAILY China’s real estate market is navigating a pivotal transition toward more sustainable growth, with early signs of stabilization emerging as policy support gains traction and market…

Nation’s ‘Big Six’ banks upgrading consumer credit business

A staff member at the personal loan center of a China Construction Bank branch in Hai’an, Jiangsu province, processes a personal mortgage loan for clients on May 17, 2024. XU JINGBAI/FOR CHINA DAILY Guided by policies aimed at expanding domestic demand and stimulating consumption, the personal credit business of China’s six largest State-owned commercial banks…

Experiential consumption drives Qingdao’s booming coffee culture

With favorable policies, imported coffee beans can be stored first and taxed only after sale in the Qingdao Area of the China (Shandong) Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] From boutique cafés tucked along old streets to giant roasting facilities handling beans from across the globe, coffee is becoming deeply woven into the…

China-Mongolia mega railway project enters critical phase

Construction on the China section of the second cross-border railway between China and Mongolia entered a critical phase on Sunday, paving the way for enhanced bilateral trade and connectivity. Invested and constructed by the State-owned China Energy Investment Corp (CHN Energy), the railway features a combined single-line design accommodating both standard and broad gauges. A…

China’s factory-gate prices continue to recover

China’s factory-gate prices continued to recover in April while consumer inflation picked up moderately, official data showed on Monday. China’s producer price index, which measures factory-gate prices, maintained its expansion streak for a second month, rising 2.8 percent year-on-year, up 2.3 percentage points from March, according to the National Bureau of Statistics. The index returned…

Demographics, urbanization changing housing market

Potential homebuyers look at a property model in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE China’s real estate sector is undergoing a historic transition. During the 14th Five-Year Plan period (2021-25), the industry entered a phase of deep adjustment after more than two decades of rapid expansion. The development model that once powered growth —…

Ancient Chinese civilization breathes life into economy

YANG LIU/CHINA DAILY At the Longmen Grottoes in Luoyang, Central China’s Henan province, conservation workers armed with geological radar, infrared detectors and 3D modeling technology are racing against time to preserve a great Chinese cultural treasure. The carvings at this UNESCO World Heritage Site began in the Northern Wei Dynasty (386-534) and continued during the…

Ancient Chinese civilization breathes life into economy

YANG LIU/CHINA DAILY At the Longmen Grottoes in Luoyang, Central China’s Henan province, conservation workers armed with geological radar, infrared detectors and 3D modeling technology are racing against time to preserve a great Chinese cultural treasure. The carvings at this UNESCO World Heritage Site began in the Northern Wei Dynasty (386-534) and continued during the…

Traditional enterprises leading the way with advanced manufacturing

From offshore wind power and new energy vehicles to aerospace and shield tunneling machines, high-end bearings by Luoyang Bearing Group are replacing imported products in sectors once dominated by international manufacturers. According to the China Bearing Industry Association, LYC has an irreplaceable role in the industrialization and self-supply of high-end equipment and major products in…

China, ASEAN to pool strength in blue economy

An aerial drone photo shows a vessel carrying 179,000 tons of petrochemical raw materials berthing at Yangpu Port in Danzhou, South China’s Hainan province, Dec 18, 2025. [Photo/Xinhua] There is immense potential for China and the Association of Southeast Asian Nations to deepen cooperation in the blue economy sector and build a more integrated common…