China Industries
A bird’s-eye view of Wuxi. [Photo provided to chinadaily.com.cn] Wuxi, the birthplace of Chinese national industry and commerce, has experienced significant industrial growth. Recent statistics reveal a 5.9 percent year-on-year increase in the city’s GDP to 743.7 billion yuan ($104.72 billion) in the first half of this year, alongside a record-setting foreign trade value. These…
A property project under construction in Beijing. TANG KE/FOR CHINA DAILY China has rolled out new policy measures to rejuvenate the shaky property sector, with expanded funding for troubled property developers and renovation of an additional 1 million homes high on the agenda. Analysts said this will shore up sentiment among homebuyers and investors, and facilitate…
China’s top industry regulator proposed on Thursday to step up building the regulatory system for high-level autonomous driving as well as related data security standards amid accelerated self-driving momentum both at home and abroad. The move comes at a time when the global autonomous driving industry is hitting the top gear. United States electric vehicle…
A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY On Thursday, Minister of Housing and Urban-Rural Development Ni Hong announced plans to increase the affordable housing supply for including young people and newcomers, as the nation works to relax rules on home buying. At a conference held by the…
Workers are seen busy at a construction site in Huai’an, Jiangsu province, in December 2023. [Photo/chinadaily.com.cn] China will renovate an additional 1 million units of urban village and dilapidated housing through a monetary compensation approach, said Ni Hong, minister of housing and urban-rural development, on Thursday. The newly proposed renovation projects primarily target the most…
Employees install PV panels at a power plant in Zhangye, Gansu province, on Oct 1. WANG JIANG/FOR CHINA DAILY The photovoltaic sector is in need of stricter measures to curb below-cost pricing practices that are destabilizing the solar power market, as recent falling prices have led to intense competition that impacts the entire sector, an…
Overseas buyers look at NEVs on show at the 136th session of the China Import and Export Fair in Guangzhou. [Photo/CHINA NEWS SERVICE] Buyers from emerging markets are steadily taking the lead at the 136th session of the China Import and Export Fair, or the Canton Fair, replacing those from Europe and North America as…
Potential homebuyers ask queries on housing projects at a real estate agency in Tianjin. [Photo/VCG] TIANJIN – North China’s Tianjin municipality abolished restrictive measures on buying home properties on Wednesday, marking another major Chinese city that has adjusted housing purchase policies to stabilize the real estate market. The city lifted restrictions on purchasing and transferring…
Dongfang Electric Corp’s assembly line in Fujian province. LIN SHANCHUAN/XINHUA The recent unveiling of a 26-megawatt offshore wind turbine in Fujian province marks a significant milestone for China’s wind energy industry and reflects the country’s growing leadership in renewable energy technology, said industry experts. Dongfang Electric Corp unveiled the 26 MW offshore wind turbine in Fuqing,…
The world’s first 100,000 metric ton integrated wind, solar, hydrogen and biomass green aviation fuel project began construction on Monday, in Heilongjiang province, the operator China Energy Engineering Group Co Ltd (Energy China) said. As the world’s first 100,000 ton level sustainable aviation fuel (SAF) initiative and China’s first demonstration of second-generation sustainable aviation fuel,…