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China Industries

China Industries

WGC: Continued surge likely in gold investment demand in China market

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Potential consumers browse gold jewelry at a store in Lianyungang, Jiangsu province on Jan 31. [WANG CHUN/FOR CHINA DAILY] The World Gold Council has forecast a continued surge in gold investment demand in China albeit at a moderated pace this year, following strong investment growth of coins and bars in 2024. Factors contributing to the…

Outdoor sports to leap on infra support

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People enjoy skiing and snowboarding in Chongli district, Zhangjiakou, Hebei province. [Photo/VCG] China aims to develop its outdoor sports sector and cultivate new economic growth points by building about 100 high-quality outdoor sporting venues and destinations by 2030, a new guideline said. Developing the outdoor sports sector stands as an important way to meet the…

Future bright for low-carbon vessels

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On Feb 8, the Minhou, the country’s first 130-type methanol-diesel dual-fuel distribution vessel, docks at Chongqing’s Guoyuan Port after departing from Shanghai, marking China’s foray into eco-friendly and low-carbon inland waterway vessels. [Photo provided to chinadaily.com.cn] At 10:46 am on Saturday, a significant milestone was reached in China’s inland waterway transportation history as Minhou, a…

Tourist trains to better serve silver economy

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China plans to launch more special tourist trains for seniors as the country continues to promote services consumption, and the newly launched trains will not overlap with peak passenger periods such as the Spring Festival travel rush, the Ministry of Commerce said on Tuesday. Seniors generally have relatively flexible and ample leisure time, and the…

Shanghai’s first smart mobile facility for photovoltaic storage, charging becomes operational

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Shanghai’s first intelligent mobile facility for photovoltaic storage and charging became operational on Feb 6 in the city’s Xuhui district, according to the State Grid Shanghai Municipal Electric Power Co. The station has integrated photovoltaic power generation, charging and storage, offering a high-efficiency energy utilization mode in line with the low carbon and green transportation…

China plans to customize rail services for elderly

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China plans to solicit opinions from the public regarding the demand for special tourist trains for the elderly, and the provision of customized services in various forms, said a new guideline published by nine departments on Tuesday. As China continues to expand large-scale equipment upgrades and consumer goods trade-in programs, the government plans to incorporate…

China’s lottery sales up 7.6% in 2024

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A China Welfare Lottery sales station is seen in Hangzhou, East China’s Zhejiang province, on May 24, 2021. [Photo/IC] BEIJING – China’s lottery ticket sales rose 7.6 percent year-on-year to 623.49 billion yuan ($86.96 billion) in 2024, data from the Ministry of Finance showed on Friday. Sales of lottery tickets to support the country’s welfare…

Booming service spending during Spring Festival holiday echoes China’s economic vigor

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BEIJING – Zhang Xin, a white-collar worker from Shanghai, made advance reservations to spend the Spring Festival holiday on snow in Northeast China’s Jilin province. Zhang, together with his 7-year-old son, practiced snowboarding techniques under the guidance of an instructor at Changbaishan International Resort. They progressed from falling repeatedly at first to gaining some proficiency.…

‘Ne Zha 2’ forecast to become world’s highest-grossing animated film of all time

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A moviegoer checks out a poster for Ne Zha 2 at a cinema in Beijing. DU LIANYI/CHINA DAILY BEIJING — Chinese ticketing platform Maoyan has further revised its forecast for “Ne Zha 2”, projecting the animated blockbuster will reach 14.25 billion yuan ($1.99 billion) in total earnings in China. The new estimate, announced Monday night,…

‘Ice city’ sees white hot tourism demand

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Visitors pose for photographs with the cauldron for the 9th Asian Winter Games at Harbin Ice and Snow World Park in Heilongjiang province on Saturday.[Photo/Xinhua] Domestic and foreign consumers have shown a growing interest in taking ice and snow trips to Northeast China, led by the “Ice City” of Harbin, Heilongjiang province, and fueled by…