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China Industries

China Industries

MNCs see China as a ‘critical market’

Visitors check out imported products at a trade expo in Langfang, Hebei province, in June. WANG MIN/XINHUA Multinational corporations are strategically positioning China as a “critical market” in their global operations, driven by the country’s systemic business reforms and long-term investment appeal, according to an industry analysis by the Hurun Research Institute. “Through systematic business…

Trendy tourists combining fun travel, activities

South Africa’s booth at travel trade fair ITB China 2025 in Shanghai on May 27. CHINA DAILY Thousands of people flocked to Foshan, South China’s Guangdong province, during this year’s Dragon Boat Festival to witness dragon boat races, a local tradition that has been kept intact for hundreds of years. Air ticket bookings via online…

Turkiye goes all out to attract Chinese visitors

Cappadocia, a center of hot air ballooning in Nevsehir, Turkiye, hosts millions of visitors per year. BEHCET ALKAN/ANADOLU/GETTY IMAGES The number of Chinese visitors to Turkiye increased by 65.1 percent year-on-year to around 410,000 in 2024. This has pushed the country — which blends Eastern and Western cultures as it sits at the intersection of…

E-biz exports reach new high in 2024

An aerial drone photo taken on June 26, 2024 shows a view of the China-Kazakhstan (Lianyungang) Logistics Cooperation Base in Lianyungang, East China’s Jiangsu province. [Photo/Xinhua] SHIJIAZHUANG — China’s cross-border e-commerce sector achieved a historic milestone in 2024, with annual exports surpassing 2 trillion yuan ($278.31 billion) for the first time, according to data from…

China Eastern announces new link to South America

China Eastern Airlines will launch a flight linking China’s economic hub, Shanghai, and Argentina’s capital city, Buenos Aires, in December. It will be the first route linking Shanghai and South America, and the only air connection between China and Argentina, according to the Shanghai-based carrier. The new flight will be operated via Auckland, New Zealand…

China’s green power trading volume jumps 50%

China’s green power trading volume surged nearly 50 percent year-on-year in the first five months of 2025, exceeding 220 billion kilowatt-hours, the China Electricity Council (CEC) said on Wednesday. Nationwide market-based power trading volume increased from 1.1 trillion kilowatt-hours in 2016 to 6.2 trillion kilowatt-hours in 2024, accounting for 63 percent of total electricity consumption,…

China to set up international operation center for digital yuan

During the 2025 Lujiazui Forum which was launched in Shanghai on June 18, Pan Gongsheng, governor of the People’s Bank of China, announced eight measures to further open up China’s financial market. He noted that China will set up an international operations center for the digital yuan to advance the international use of the digital…

Top retailers post strong sales growth last year

China’s top 100 retail chains booked a combined 2.13 trillion yuan ($294 billion) in sales in 2024, up 4.9 percent from the previous year, as the consumer market showed signs of recovery led by discount snacks, membership warehouse formats, and specialty retailing, according to an industry survey. The total number of stores expanded 13.5 percent…

Facts and figures: Second China-Central Asia Summit

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Zhuzhou trade event to boost China-Africa trade ties

The Zhuzhou Land Port Cooperation and Exchange Event was held in Zhuzhou, Hunan province, on Friday. As part of the sub-forum for the fourth China-Africa Economic and Trade Expo, the event gathered nearly 300 participants from 15 countries and regions to support Zhuzhou’s development as a strategic logistics hub for Africa under the Belt and…