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China Industries

China Industries

China’s express delivery sector posts fast growth in first two months

Staff members at the joint distribution center in Yucheng handle parcels with the help of a sorting machine. ZHANG YU/CHINA NEWS SERVICE BEIJING — China’s courier sector experienced rapid expansion in the first two months of 2025, with significant growth in delivery volume and capability-building, according to an industry index released by the State Post…

China boosts financial support to spur consumer spending

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China has announced a raft of measures to optimize consumer finance, aiming to stimulate consumption and improve financial services, the country’s top financial regulator said on Friday. The National Financial Regulatory Administration has called on financial institutions to diversify…

China to expand cash-pooling program for multinationals

A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] BEIJING – China will expand the coverage of a pilot cash-pooling service that integrates domestic and foreign currency management for multinational companies, the country’s monetary authorities said on Thursday. The program is currently being piloted in 10 localities and will…

Key index reveals rising infrastructure investment in China

Sany Group broke ground on its Southern Africa Headquarters Development Project in Johannesburg as its latest effort to strengthen cooperation and trade ties with South Africa.[Photo provided to chinadaily.com.cn] BEIJING – China’s construction machinery operation rate climbed to 37.38 percent in the first two months of 2025, up 2.91 percentage points year-on-year, according to a…

Market size of ice, snow economy reaches 266b yuan in NE China province

Harbin Ice-Snow World, the world’s largest ice-and-snow theme park, officially closed its 26th edition on the evening of Feb 26 in the city of Harbin, Heilongjiang province.[Photo/Xinhua] HARBIN – The market size of the ice and snow economy in Heilongjiang province, Northeast China, reached 266.17 billion yuan ($37.1 billion) in 2024, of which the output…

First-of-a-kind deal to supply green energy South China to Shanghai

High-rise buildings dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang / chinadaily.com.cn] The nation’s first cross-business-region green power transaction has been signed with green energy generated in South China supplied to companies in Shanghai, according to the State Grid Shanghai Municipal Electric Power Co. A total of…

ACI awards Qingdao Airport for exceptional service

A Qingdao Jiaodong International Airport staff member helps a girl with the boarding process. [Photo provided to chinadaily.com.cn] Qingdao Jiaodong International Airport, the only 4F-level international airport in Shandong province, was recently honored by Airports Council International as one of the best airports in the Asia-Pacific region in the category of 25 to 40 million…

China distributes 1b yuan in subsidies to support e-bike trade-in program

[Photo/VCG] BEIJING – Since the start of 2025, China has distributed 1 billion yuan ($139.48 million) in subsidies to over 1.65 million consumers participating in its e-bike trade-in program, the Ministry of Commerce said on Wednesday. From Jan 1, 2025, to Tuesday this week, more than 1.66 million new e-bikes were sold under the trade-in…

China unveils plan to boost green equipment manufacturing

BEIJING – China has issued comprehensive guidelines to accelerate the high-quality development of its environmental protection equipment manufacturing sector, targeting global competitiveness in the green technology market. The document was released on Wednesday by the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, and the State Administration for Market Regulation. It…

Seniors turn off-peak season into tourism niche

Travelers pose for photographs at a railway station in Yantai, Shandong province, on Sunday, before they embark on a journey specially designed for seniors. Destinations include many tourist attractions in the provinces of Hunan, Yunnan, Jiangxi and Guizhou, as well as the municipality of Chongqing. TANG KE/FOR CHINA DAILY Elderly consumers in China are seeking high-quality…