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China Industries

China Industries

Multiple sectors report robust holiday growth

A shopper (right) looks at a cooking utensil at a store in Huaian, Jiangsu province, on Jan 31.[ZHAO QIRUI/FOR CHINA DAILY] China’s consumption market gained momentum during the Spring Festival holiday spanning from Jan 28 through Tuesday, showing robust growth across multiple sectors including retail, tourism and cultural services, according to the latest data from…

Japan should not increase reliance on US fossil fuels, advocacy group says

A global climate advocacy group urged Japanese Prime Minister Shigeru Ishiba to reject any deal with US President Donald Trump that would deepen Japan’s reliance on fossil fuels. “With Japan’s Cabinet expected to make a decision on the Basic Energy Plan and the Plan for Global Warming Countermeasures soon, it is critical to prevent a…

Box office winner ‘Ne Zha 2’ showcases strong commercial value

A poster for the film “Ne Zha 2” is seen at a cinema in Shanghai, Feb 5, 2025. [Photo/VCG] The animated feature film “Ne Zha 2” broke the box office records, earning over 6.25 billion yuan ($857.91 million) as of 10:00 on Feb 7. As the film booms, the related goods of “Ne Zha 2″…

Housing sector likely to see better days ahead

A residential property project under construction in Hangzhou, Zhejiang province. LONG WEI/FOR CHINA DAILY The positive buying sentiment in the new-home market across major Chinese cities has greatly boosted confidence and expectations for a strong sales season in March and April, said industry experts on Thursday after digesting the home transaction data of the Spring…

Xizang sees greater tourist influx during holiday

A toddler plays at a festive venue in Lhasa, Xizang autonomous region, on Sunday. [Photo/Xinhua] Tourist attractions in the Xizang autonomous region embraced more than 2.38 million visits during the just-concluded Spring Festival holiday, an increase of 16.56 percent year-on-year, according to the region’s culture and tourism department. It said that tourism-related expenditure during the…

China extends anti-dumping duties on EU potato starch

Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING — China’s Ministry of Commerce will extend anti-dumping duties levied on potato starch imported from the European Union (EU) for another five years, starting Thursday. If anti-dumping measures are terminated, the dumping of imported potato starch from…

China’s leisure economy booms during Spring Festival holiday

Passengers are seen at the waiting hall of Beijing South Railway Station in Beijing, Feb 4, 2025. [Photo/Xinhua] The eight-day Spring Festival holiday from Jan 28 to Feb 4 saw a booming leisure and entertainment market in China. The Ministry of Transport estimated over 2.31 billion cross-regional passenger trips were made during the eight-day Spring…

‘Ne Zha’ sequel sets box office record for Chinese animation

A moviegoer checks out a poster for Ne Zha 2 at a cinema in Beijing on Thursday. DU LIANYI/CHINA DAILY BEIJING – Fantasy feature “Ne Zha 2” has become the top-grossing domestic animated feature of all time in a milestone for Chinese cinema. As of Wednesday, “Ne Zha 2,” has earned over 5.05 billion yuan…

Mobile payments enhance tourism

A consumer scans an Alipay QR code to pay for the order at a self-service restaurant in Hangzhou, Zhejiang province. [Photo/Xinhua] China’s convenient mobile payment services have bolstered tourism-related consumption and injected fresh momentum into the country’s economic recovery during the Spring Festival holiday, experts and industry insiders said. They added that an increasing number…

Analysts see slower growth for 2025 gold market

A potential buyer tries on gold jewelry at a store in Lianyungang, Jiangsu province, on Sunday. GENG YUHE/FOR CHINA DAILY China’s domestic gold production in 2024 exceeded 377.24 metric tons, up by 2.087 tons from 2023, reflecting a year-on-year increase of 0.56 percent, according to the latest data from the China Gold Association. However, gold consumption…