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China Industries

China Industries

Expanding foie gras market in China and beyond

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Foie gras products are displayed at a facility in Huoqiu county, Anhui province. [Photo/Xinhua] Within the bustling kitchen of a top-tier Japanese eatery in Shanghai, entrepreneur Zhu Renjun unraveled a frost-kissed foam box. Inside, the foie gras glistened with a luscious creamy sheen, prompting a sigh of relief from the head chef — it’s the…

Deep structural adjustments foreseen in liquor industry

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A customer checks out liquor products at a market in Chongqing in January. [YANG MIN/FOR CHINA DAILY] After years of expansion, China’s liquor industry is shifting from rapid growth to a more rational and balanced market, as brands adapt to changing consumer preferences and market saturation. Cost-efficiency and international expansion have emerged as key drivers…

China’s thirst drives strong recovery in Australian wine exports

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A view of the Australian wine exhibition area at the 7th China International Import Expo in Shanghai in November. [CHINA DAILY] A rebound in demand from the Chinese mainland has driven a strong recovery in Australian wine exports, with total export value surging 34 percent year-on-year to 2.55 billion Australian dollars ($1.62 billion) in 2024,…

Strawberry ‘dream’ base set up by Yellow River

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In the southwestern part of East China’s Shandong province, the Yellow River flows gently and constantly, nourishing a vibrant land of hope in the grain-producing county of Juancheng. Juancheng, which administers two sub-districts and 15 towns with a total population of over 923,000, witnessed its regional GDP hit some 31 billion yuan ($4.36 billion) in…

‘Enterprise secretaries’ in Juancheng a boon to firms

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At Boko Medical Industrial Park in Juancheng county, Shandong province, company leader Li Hang is ambitious of its new business this year. “Based on domestic and foreign market trends, we have launched smooth cooperation with domestic markets such as Beijing, Shanghai and Guangzhou, as well as foreign economies including the United States and Europe,” he…

Petrochemical sector to boost profits in 2025, experts say

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Employees check equipment at a petrochemical plant in Lianyungang, Jiangsu province.[SI WEI/FOR CHINA DAILY] China’s petrochemical industry is expecting to bolster profits this year, marking a key turning point after a period of challenges, said industry experts. The petrochemical sector’s revenue rose to 16.28 trillion yuan ($2.24 trillion) last year, up 2.1 percent year-on-year amid…

‘Ne Zha 2’ debut in HK, Macao wins hearts

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A Ne Zha-themed cake on display at a bakery in Wan Chai, Hong Kong, attracts the attention of a passer-by on Saturday. [HOU YU/CHINA NEWS SERVICE] Chinese animated blockbuster Ne Zha 2 grossed more than $845,900 upon its debut in the Hong Kong and Macao special administrative regions on Saturday, achieving the highest first-day box…

Foreign investment in China’s manufacturing sector exceeds 220b yuan in 2024

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China’s manufacturing sector utilized over 220 billion yuan ($30.3 billion) in foreign investment in 2024, marking a significant step in the country’s push for high-level opening-up. Yao Jun, head of the planning department at the Ministry of Industry and Information Technology, said at a news conference on Thursday that China had fully lifted all foreign…

Thriving exotic pet market unleashes major market potential

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SHANGHAI — As China’s pet economy continues to evolve, the types of species that are being kept as pets are also expanding, fueling the rapid growth of a vibrant and burgeoning exotic pet market. The exotic pet market refers to the trade and sale of non-traditional or unusual animals that are kept as pets. Unlike…

Medicinal herbs bring cash ingredient to farmers in Shandong

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At a traditional Chinese medicine (TCM) planting base in Juancheng county in Shandong province, broad stretches of Salvia miltiorrhiza Bge plants unfold on Feb 20, as a gentle breeze blows, sending a faint medicinal fragrance in the air. Danshen, the dried roots and tubers of Salvia miltiorrhiza Bge grown in Juancheng due to its rich…