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China Industries

China Industries

Green shift injects new development impetus

An image captures the installation of wind blades at a wind farm off Fujian province in January. LIN SHANCHUAN/XINHUA NANCHANG — Stepping into the production workshop of WG Tech, an optoelectronic company in Xinyu, Jiangxi province, the first eye-catching thing was slender glass substrates silently gliding along the conveyor belt. Technicians were intently monitoring the…

China’s railway construction gains steady momentum in Q1

BEIJING — China State Railway Group Co Ltd announced on Saturday that railway construction has been advancing with high quality and efficiency in the first quarter of this year, laying a solid foundation for the full-year goals and injecting new vitality into economic and social development. In the first three months, China’s railways completed 137.9…

China’s nuclear power industry comes closer to large-scale development

China’s nuclear power industry is entering a critical stage of large-scale development, with the number of operational units expected to reach 70 by the end of 2026, according to senior environmental and nuclear safety officials. Currently, China accounts for more than half of the nuclear power capacity under construction globally, cementing its position as a…

Over 32,000 companies set to participate in 139th Canton Fair

The China Import and Export Fair, known as the Canton Fair, will kick off its 139th session on April 15 in Guangzhou, the capital of Guangdong province. [Photo by Qiu Quanlin/chinadaily.com.cn] The 139th session of the China Import and Export Fair will introduce nine dedicated exhibition zones for the first time, covering smart wearables, display…

Launches mark rocketry turning point

A group of 18 communication satellites are launched into orbit in Wenchang, Hainan province late on Tuesday. LIU GUOXING/FOR CHINA DAILY China’s commercial aerospace sector is entering a phase of fast-track development in 2026, as the country launched 18 communication satellites from the Hainan International Commercial Aerospace Launch Center — a coastal spaceport in Wenchang,…

RMB assets gain appeal as yuan rises

The renminbi, or the yuan, has strengthened to a three-year high against the US dollar, underscoring the rising appeal of RMB-denominated assets as global investors seek stability amid geopolitical tensions and energy-related uncertainties, analysts said. The central parity rate of the yuan strengthened to 6.8649 against the greenback on Wednesday, strengthening by 31 basis points…

Chinese catering chains accelerate global expansion

Customers wait next to a brand slogan in Chinese characters at a Molly Tea shop at the Siam Square in Bangkok, Thailand, on Oct 7, 2025. [Photo/VCG] Chinese restaurant and drink chains are accelerating their overseas expansions, with more brands opening stores abroad and moving beyond tea and coffee, a new industry list shows. The…

Hydrogen energy sees notable progress

Personnel from Sinopec Zhongyuan Oilfield Company pump hydrogen into a vehicle at a hydrogen production workshop in Puyang, Henan province, on Aug 12, 2024. TONG JIANG/FOR CHINA DAILY Propelled by top-level policy design and groundbreaking commercial milestones, China’s hydrogen energy sector is rapidly transitioning from a phase of localized demonstration to a huge industrial ecosystem,…

Panda bond issuances hit record in Q1

Panda bond issuances surged to a record in the first quarter, as booming demand more than doubled total fundraising from a year earlier, underscoring the growing appeal of renminbi-denominated assets. Panda bonds are RMB-denominated bonds issued by overseas institutions in China’s onshore bond market. In the first quarter, issuance of panda bonds hit an all-time…

Oil pricing mechanism playing stabilizing role

A car refueling at a gas station in Guangzhou, on Tuesday. [Photo/VCG] China’s refined oil pricing mechanism is playing a crucial role as a “stabilizer” for the national economy, effectively cushioning the country against the impact of volatile international markets, said industry experts. As geopolitical tensions in the Middle East continue to disturb global crude…