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China Industries

China Industries

China to expand white list mechanism to stabilize property sector

A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY BEIJING – China will expand its “white list” mechanism to ensure that all eligible property projects have access to financial support. Financial institutions are required to timely disburse loans to eligible property projects and meet their reasonable financing needs, according…

Passion for games boosts holiday travel, spending

Tourists participate in an off-road challenge in the Xinjiang Uygur autonomous region on Oct 5. MIN YONG/XINHUA BEIJING — Approximately two months after the conclusion of the Paris Olympic Games, Chinese people’s enthusiasm for sports helped drive an increase in travel and spending during the weeklong National Day holiday, with numerous visitors swarming to sports…

136th Canton Fair to gather over 30,000 enterprises offline

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY BEIJING – Over 30,000 enterprises from home and abroad will be in physical attendance at the 136th session of the China Import and Export Fair, popularly known as the Canton Fair, the Ministry of Commerce said on Thursday. The…

China gets most orders for green ships

Vessels under construction at a shipyard in Rongcheng, East China’s Shandong province. LI XINJUN/FOR CHINA DAILY China captured over 70 percent of global orders for green vessels and achieved full coverage across all mainstream ship types during the first three quarters of 2024, according to statistics released by the Ministry of Industry and Information Technology on…

Shenzhen reports strong home sales

A prospective homebuyer looks at a property model during an expo in Shenzhen, Guangdong province. [CHINA DAILY] Encouraged by policy stimulations, the real estate market in Shenzhen, Guangdong province, showed positive signals during the weeklong National Day holiday. From Oct 1 to 7, a total of 1,841 new homes in the city were subscribed, marking…

Jinjiang pioneer in private firm digital upgrade

Shoppers look at sportswear made by Anta Group at a department store in Beijing. A variety of test laboratories have been set up in the company to test the performance of its clothing and footwear products. JIANG DONG/CHINA DAILY Jinjiang, a county-level city in Fujian province, is home to some of the country’s most renowned…

Nation’s housing market sizzles on policy measures

A view of a property project under construction in Fuzhou, Fujian province. ZHANG BIN/CHINA NEWS SERVICE Optimization measures rolled out by China’s central government as well as major cities, along with large-scale promotional activities by real estate developers, have led to a better-than-expected housing market performance during the weeklong National Day holiday, industry experts said…

Holiday travel bookings soar up for National Day

Passengers wait for trains at Taiyuan South Railway Station in Taiyuan, Shanxi province on Oct 7, 2024. [Photo by Zhu Xingxin/chinadaily.com.cn] China’s just-concluded National Day holiday period saw record-high bookings of travel products for outbound trips, and bookings made by residents of small Chinese cities, especially from western China, grew rapidly, domestic online travel agencies…

Home sales up in holiday period

A potential homebuyer in Guangzhou, Guangdong province, looks at a property model during the just-concluded National Day holiday. ZHOU WEI/FOR CHINA DAILY Home sales and inquiries by potential buyers rose considerably in benchmark cities including Beijing and Shanghai during the just-concluded National Day holiday, thanks to a number of optimization measures rolled out by the…

Mobile payment helps fuel holiday consumption

Passengers wait to exit Nanjing Railway Station in Nanjing, Jiangsu province, on Monday, the last day of the seven-day National Day holiday.[SU YANG/FOR CHINA DAILY] China’s innovative mobile payment options fueled a new wave of inbound travel-related consumption during the National Day holiday period that ended on Monday, injecting more vitality into the global tourism…