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China Industries

China Industries

Rational competition urged for platform economy

China’s latest efforts to regulate the promotional activities of major food delivery platforms and urge rational competition will help maintain market order and promote the healthy and orderly development of the platform economy, experts said. These platforms should ramp up technological innovation, optimize delivery networks and adopt differentiated strategies to further improve user experience and…

Guangzhou sees surge in drone exports

Drone makers in Guangzhou, Guangdong province, exported more than 6,100 drones in the first five months, up 252 percent year-on-year, and achieved a record for the period, according to a statement released by the municipal commerce bureau of the provincial capital. More than half of the 6,134 drones delivered are for agricultural use, the statement…

Material wealth, social unity showcased at Xinjiang gala

Over 10,000 Kazak horses, known as “‘Heavenly Horses”, are released to gallop freely on the Karkant grassland in Xinjiang, as part of a grand celebration to mark the 70th anniversary of the establishment of the Xinjiang Uygur autonomous region. [Photo provided to chinadaily.com.cn] To mark the 70th anniversary of the establishment of the Xinjiang Uygur…

One-stop gold trading service to bolster HK, Macao financial markets

The Hong Kong Gold Exchange signs a Memorandum of Understanding with Ant Bank (Macau) Limited on July 18 to collaborate on building a one-stop gold trading service system, bolstering connectivity between the financial markets of Hong Kong and Macao. [Photo provided to chinadaily.com.cn] The Hong Kong Gold Exchange has signed a Memorandum of Understanding with…

Foreigners tap into Shenzhen e-payment

Shenzhen in South China’s Guangdong province has made remarkable progress in facilitating payment transactions for foreigners visiting the city as it strives to create a favorable environment amid a surge in the number of such visitors, thanks to optimized visa policies. Foreign nationals made a total of 85.88 million noncash payment transactions in the southern…

China completes preliminary design of 4th-generation commercial fast reactor

[Photo/the website of China National Nuclear Corporation] FUZHOU — China National Nuclear Corporation has announced that it had finished the preliminary design of the country’s first fourth-generation 1-million-kilowatt commercial fast reactor, called CFR1000. The announcement was made at a symposium on advanced nuclear energy development held in Fuzhou, capital of East China’s Fujian province, on…

Nation speeding up green shift to clean energy future

An employee inspects cables before the operation of a power line in Hinggan League, Inner Mongolia autonomous region, in June. WANG ZHENG/FOR CHINA DAILY China’s renewable energy capacity is projected to double by 2030, reaching over 3,000 gigawatts, a significant expansion that underscores the nation’s accelerating shift toward clean energy and its pivotal role in…

WIC holds training program on digital economy innovation

The Advanced Training on Digital Economy Innovation and Development, jointly organized by the World Internet Conference Digital Academy (WICDA) and the Data and Technical Support Center of the Cyberspace Administration of China, was successfully held during the 2025 World Internet Conference Digital Silk Road Development Forum. Under the theme “Digital Economy and Data Compliance,” the…

China’s gold consumption down in H1

A shopper tries on a gold bracelet at a jewelry store in Chongqing. SUN KAIFANG/FOR CHINA DAILY BEIJING — In the first half of the year, gold consumption in China reached 505.21 metric tons, down 3.54 percent year-on-year, data from the China Gold Association revealed. In breakdown, the consumption of gold jewelry in China stood…

Steady power use reflects China’s stable economy

China’s electricity consumption, a key barometer of economic activity, saw steady expansion in June, official data showed on Monday. Power use rose 5.4 percent year-on-year in June to 867 billion kilowatt-hours, according to the National Energy Administration. Electricity consumed by the primary and secondary industries increased 4.9 percent and 3.2 percent year-on-year, respectively, while consumption…