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China Industries

China Industries

Chinese firms eye bigger share of winter sports pie

Skiers dressed up in Peking Opera costumes perform a themed skiing show at the Lake Songhua Resort of Jilin, Northeast China’s Jilin province, on Nov 21. XU CHANG/XINHUA HARBIN — As China vigorously develops the ice and snow economy to boost consumption, homegrown gear makers are aiming for rapid growth in the winter sports market,…

Gold prices hit record on safe-haven play

A shopper (right) looks at gold ornaments at a jewelry store in Mengzi, Yunnan province. XUE YINGYING/FOR CHINA DAILY Gold continued its upward trajectory on Wednesday, with spot prices soaring above the $4,800-per-ounce mark for the first time in history. The precious metal has gained more than 10 percent so far this month, rising by…

Banks play key role in growth of ice, snow industry

Snowboarders participate in the social ski sports instructor training course at the Changchun Lianhua Mountain Ski Resort in Jilin province in November. CHINA DAILY As China’s ice and snow industry experiences rapid growth, the increased involvement of financial institutions in the winter sports and recreation market will help foster a virtuous consumption cycle, injecting new…

China-Guinea ties bear fruit as 1st Simandou ore shipment arrives

The arrival of the first shipment of high-grade iron ore from Guinea’s Simandou deposit at Rizhao Port in Shandong province on Wednesday marks a transformative shift in the global steel industry, providing the high-purity feedstock essential for China’s transition toward low-carbon production. The arrival represents the first time ore from Simandou’s blocks 3 and 4…

‘Fresh vitality’ eyed in Beijing retail property market

Shoppers gather at Sanlitun, a business and entertainment hub in Beijing, on Jan 3. CHINA DAILY Beijing’s retail property market showed clear signs of renewal in 2025, as renovation-led urban regeneration and upgraded shopping malls helped stimulate consumption and drive down vacancy rates, according to a new report by CBRE, a commercial real estate services…

Chinese private firms embed themselves in Southeast Asia

An aerial photo shows the Indonesia Huabao Industrial Park in Morowali, Indonesia’s Central Sulawesi province. CHINA DAILY When Chen Deyun arrived on a remote Indonesian island a decade ago, stable electricity and phone signals were hard to come by. Today, he starts his mornings in an industrial complex of furnaces, docks and dormitories built by…

Tech-driven consumption in growth focus

A man looks closely at a robotic product in Shenzhen, on Jan 22, 2026. [Photo/Xinhua] China is accelerating a shift toward a new growth model anchored in tech-driven domestic consumption as geopolitical tensions and technological disruption reshape the global economic landscape, officials, business leaders and economists have said. They made the remarks on Wednesday at…

Auckland Airport eyes Spring Festival travel boom

As the Chinese New Year approaches, Auckland Airport is working with airline partners to add capacity between China and New Zealand, signaling growing confidence in sustained demand for air travel between the two countries. Air China is adding extra services over the Chinese New Year period, while China Southern Airlines has expanded flights this New…

Global mayors hail potential of ice and snow economy

Representatives attend the main dialogue session of the Global Mayors Dialogue in Harbin, Northeast China’s Heilongjiang province, on Jan 7. ZHANG SHU/XINHUA HARBIN — As mayors from around the world jointly lit a torch to mark the opening of a dialogue event in Harbin, capital of Northeast China’s Heilongjiang province, they also ignited a shared…

China’s efforts in climate response, renewable energy widely recognized : FM spokesperson

An aerial drone photo taken on July 19, 2024 shows a wind farm in Tongliao, China’s Inner Mongolia autonomous region. [Photo/Xinhua] BEIJING – As a responsible major developing country, China’s endeavors in climate response and promoting global development and application of renewable energy are widely recognized, Chinese foreign ministry spokesperson Guo Jiakun said on Thursday.…