China Industries
BEIJING — China’s total outstanding external debt stood at $2.37 trillion at the end of September, indicating overall stability in the third quarter, data from the country’s forex regulator showed on Wednesday. Its external debt scale decreased slightly, with a generally stable currency structure and optimized maturity structure, said Li Bin, deputy head of the…
The gold industry in the Ili Kazak autonomous prefecture of China’s Xinjiang Uygur autonomous region has seen rapid growth in the last year, emerging as the prefecture’s primary industrial driver, local officials said at a news conference in Urumqi on Wednesday. Prefecture Governor Erxat Tursunbag reported that gold output reached 6.5 metric tons in 2025,…
BEIJING — China’s service trade maintained steady growth in the first 11 months of the year, with total imports and exports reaching over 7.2 trillion yuan (approximately $1.02 trillion), up 7.1 percent year-on-year, the Ministry of Commerce said on Wednesday. Specifically, service exports rose 13.4 percent to nearly 3.2 trillion yuan during this period, while…
BEIJING — The added value of core industries of China’s digital economy, culture and tourism sectors accounted for increased shares of gross domestic product (GDP) in 2024, the National Bureau of Statistics said on Tuesday. Last year, the added value of the digital economy’s core industries totaled 14 trillion yuan (about $1.99 trillion), accounting for…
SHANGHAI — Legislative authorities in Shanghai have passed new regulations aimed at promoting the development of the cruise economy, establishing a robust legal framework to support high-quality growth in the city’s cruise industry. The 27-article regulations, passed by the Standing Committee of the Shanghai Municipal People’s Congress on Tuesday, are set to take effect on…
China has broken ground on an ultra-high voltage transmission project, a key green artery designed to transmit massive amounts of renewable energy from the western parts of Inner Mongolia autonomous region to the industrial heartland of Beijing, Tianjin and Hebei province. The 17.2 billion yuan ($2.4 billion) project, which started construction on Tuesday, is the…
Hainan Free Trade Port’s annual aviation passenger throughput surpasses 50 million on Tuesday. CHINA DAILY The combined passenger throughput of the three major airports in the Hainan Free Trade Port — Haikou Meilan International Airport, Sanya Phoenix International Airport and Qionghai Boao International Airport — has exceeded 50 million passenger trips in 2025 for the…
China’s factory activity saw a notable rebound in December, returning to expansion territory above the 50-point mark for the first time since April, according to official data released on Wednesday. Data from the National Bureau of Statistics showed that China’s official purchasing managers index (PMI) for the manufacturing sector stood at 50.1 in December, up…
NANNING — South China’s Guangxi Zhuang autonomous region on Monday put its first pumped-storage hydropower station into full operation, in a move to support its push for clean energy and green growth. The Nanning pumped-storage power station entered full service after its final generating unit was connected to the grid, as announced by the Guangxi…
Container vessels are seen docked at Qianwan Container Terminal in Qingdao, Shandong province, on Dec 8. YU FANGPING/FOR CHINA DAILY The world economy faced strong headwinds in 2025, primarily as a result of escalating trade tensions thanks to the US’ “reciprocal tariffs”, causing substantial uncertainties in supply chains and the global economy. China, meanwhile, managed…