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China Industries

China Industries

Chinese aerospace leaders engage industrial thrust

A Lijian-2 Y1 carrier rocket with three satellites onboard blasts off from the Dongfeng commercial space innovation pilot zone in northwestern China on March 30. WANG JIANGBO/FOR CHINA DAILY Driven by an increase in orbital filings and successful launches, China’s commercial aerospace sector is steadily transitioning from a phase of technical verification to large-scale deployment…

Industry heavyweights launch space solar power alliance

Seeking to take the lead in new sector developments despite current market adjustments, a group of leading Chinese photovoltaic, or PV, enterprises and research institutions have joined forces to establish the Space Energy Development Alliance, charting an innovative path toward next-generation energy solutions. The alliance was officially launched on Tuesday by 13 founder members, including…

CIFTIS 2026 to launch its first international service promotion roadshow

China’s flagship trade-in-services fair will debut an international service promotion roadshow zone at this year’s edition, organizers announced at a press conference Monday. The 2026 China International Fair for Trade in Services, or CIFTIS, will gather international institutions in finance, legal affairs, accounting, intellectual property, advertising, and human resources to deliver roadshow presentations, alongside on-site…

Jiangxi eyes scenario-based industrial collaborations

Technical workers test product performance at the UBTech AI industrial park in Jiujiang, Jiangxi province, on Oct 9, 2024. ZHANG HAIYAN/FOR CHINA DAILY At an artificial intelligence industrial park in Jiujiang, Jiangxi province, humanoid robots are actively being trained for the workforce. Inside the facility, Walker S2 robots practice tasks that may soon become standard…

Logistical adjustments keep landlocked region’s exports flowing overseas

Before a product made in Jiangxi province can reach overseas customers, it typically requires two crucial elements the inland province has historically had to “borrow” from coastal regions: efficient port logistics access and mature market channels. Consequently, Ganzhou International Land Port in Jiangxi and the cross-border e-commerce ecosystem of Shenzhen, Guangdong province, have emerged as…

Hainan zone injecting impetus into medical tourism business

The international health consumption sub-zone of the 6th China International Consumer Products Expo opens at the Boao Lecheng International Medical Tourism Pilot Zone on April 12 in Hainan province. Guests experienced the AI medical robot dedicated area. [Photo provided to China Daily] Boao Lecheng International Medical Tourism Pilot Zone in Qionghai, Hainan province, launched a…

Wealth mgmt funds thriving in IPO sector

China’s wealth management funds are racing to capitalize on the booming IPO market, rapidly expanding allocations to new-share subscription strategies as they seek higher returns and stronger exposure to the country’s emerging growth sectors. Against a backdrop of narrowing fixed-income yields, the “fixed income plus IPO subscription” model is quickly becoming a favored strategy for…

Services seen as new growth driver in trade

As part of a broader effort to optimize the nation’s trade structure, China’s foreign trade is gaining fresh momentum, with services emerging as a new driver of growth, supported by a steady rise in exports of knowledge-intensive services and a surge in inbound tourism, experts said. Their comments came on the heels of recent data…

Shanghai outlines vision for smarter, more global services through 2030

The service industry, which is already an important growth engine for Shanghai, should become more digitalized, standardized, integrated and international to further improve the city’s economic resilience and its capacity to allocate service resources worldwide. These goals are included in the city’s 15th Five-Year Plan (2026-30) for the service industry, which was released on Monday.…

Quanzhou steps up joint efforts against maritime tobacco smuggling

Quanzhou in Fujian province has stepped up joint maritime law enforcement to curb tobacco smuggling, as smugglers adopt more concealed methods and pose growing challenges to coastal governance, local authorities said. The coastal city, with nearly 500 kilometers of coastline, 11,360 square kilometers of sea area and 14 harbors, was once used as a transit…