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China Industries

China Industries

China’s oil and gas production hits all-time high

This photo taken on Dec 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. [Photo/Xinhua] China’s oil and gas production climbed to a record high in 2025, bolstered by aggressive exploration in unconventional reserves and a surge in offshore output, according to a report released by a think tank on Tuesday. Total…

Shanghai accelerates ‘AI+’ integration, innovation in key industries in 2026

Visitors pause to appreciate a robotic-themed exhibition booth at the Pudong Development and Opening-up Themed Exhibition in Shanghai’s Pudong New Area, on Dec 6, 2025. [Photo/Xinhua] Shanghai is set to intensify its “AI+” initiative, focusing on enhancing computational infrastructure, industry-specific data, and vertical AI model development, as well as promoting the widespread application of next-generation…

Major cities see improved realty metrics

An aerial drone photo taken on July 21, 2025 shows a urban village renovation project in Nanning city, South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] The property market in China’s major cities has improved since the beginning of this year, fueled by stronger policy support and better dynamics on both the supply and demand sides,…

China leverages high-tech manufacturing for global edge

A 3D printer in operation at the flagship store of Bambu Lab, a 3D printer brand, in Shenzhen, Guangdong province, on Nov 24. ZUO DONGCHEN/FOR CHINA DAILY For many families in China and abroad, everyday items such as phone stands, household organizers, small replacement parts and educational models no longer need to be bought from…

China underlines role as world’s premier shipbuilder

Ship construction and maintenance operations are carried out in an orderly manner at a shipyard in Rongcheng, Shandong province, on Dec 25, 2025. [Photo/Xinhua] China’s shipbuilding industry strengthened its global dominance in 2025, with output, new orders and order backlogs all hitting new highs, marking the country’s 16th straight year as the world’s largest shipbuilder.…

China’s installed solar power capacity to exceed coal for the first time

An aerial drone photo taken on Nov 13, 2025 shows an offshore photovoltaic project in Dongying city, East China’s Shandong province. [Photo/Xinhua] China’s installed solar power capacity is projected to surpass coal for the first time this year, solidifying its position as the world’s premier powerhouse in the renewable energy revolution. According to the “2025-2026…

China’s electricity consumption doubles that of US

An aerial drone photo taken on April 8, 2025 shows a view of the Hami-Chongqing ±800 kV ultra-high voltage direct current transmission project in Northwest China’s Xinjiang Uygur autonomous region. [Photo/Xinhua] China’s electricity consumption surged to a record 10.37 trillion kilowatt-hours (kWh) in 2025, a staggering volume that is now more than double the total…

Sources deny rumors of tax hike on China’s gaming industry

China has no plans to increase tax on its gaming industry, multiple sources close to authorities and industry told China Daily on Wednesday. They made the comments after a market rumor that the value-added tax rate for gaming would be raised to 32 percent in China, leading shares of several Chinese gaming and internet companies…

Cinema fuels China’s consumption boom

A child gets to know a Ne Zha movie poster at China National Film Museum in Beijing on May 2. TANG KE/FOR CHINA DAILY BEIJING — Earlier this year, Xin Minghua, a devoted fan of the Ne Zha animated films, journeyed all the way from East China’s Shanghai to the country’s southwestern Sichuan province, just…

Shanghai eyes top-tier global city standing

Shanghai aims to become one of the world’s top three cities by economic scale within this decade, driven by an ambitious annual GDP growth target that was outlined in the draft of the city’s 15th Five-Year Plan (2026-30). Already one of China’s most dynamic economic hubs and the first city to surpass the GDP mark…