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China Industries

China Industries

Domestic consumer stocks up as ministry stresses need for consumption boost

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The Chinese mainland’s A-share consumer sector was active once again on Wednesday morning, with food and beverage stocks leading the gains. In Hong Kong, the consumer sector also rallied in early trading, and Yinhua CSI HK Stock Connect Consumer Thematic ETF opened higher. The Ministry of Commerce on Tuesday emphasized the need to introduce more…

Food key as pet sector sees robust growth

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China’s pet market has indicated strong growth momentum, driven by a growing number of younger, highly educated pet owners who prioritize both cost-effectiveness and product functionality, a new report said. The report released by KPMG at the just-concluded eighth China International Import Expo in Shanghai shows that the market size of China’s pet-related sector is…

New alliance established in Dalian to promote offshore wind industry development

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An aerial drone photo taken on Jan 11, 2025 shows an offshore wind farm near the coast of Yancheng, East China’s Jiangsu province. [Photo/Xinhua] At the recent Offshore Wind Conference in Dalian, Liaoning province, a new alliance for the modern offshore wind industry was established to promote coordinated development across the industrial chain. China’s offshore…

US-based Chinese designer bridges architecture, community, and culture

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Chinese architectural designer Ying Xiong’s project Under the Elevated: Community Market Under the L Train wins a silver prize in the 2025 MUSE Design Awards due to her idea that beauty, community, and belonging can exist in the same space. [Photo provided to chinadaily.com.cn] A United States-based Chinese architectural designer is promoting her unique design narrative that…

‘Double 11’ shopping bonanza ignites fresh surge in consumer spending

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BEIJING — With discounted sales of everything from AI-powered refrigerators to blind boxes, China’s annual online “Double 11” shopping festival has highlighted consumption momentum that is moving toward smarter, greener and more emotionally resonant products. China has released the fourth — and final — tranche of this year’s 300 billion yuan ($42.3 billion) in ultra-long…

New energy storage tops 100m kW

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China’s new energy storage capacity has exceeded 100 million kilowatts, marking a major milestone in the nation’s transition toward a new-type energy system and consolidating its global lead in renewable energy development, said officials at an energy storage sub-forum on Nov 5. “By the end of September, China’s new energy storage installations had surpassed 100…

AI boosts Singles Day sales, shopping experience

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Robots sort express parcels at a logistics center in Huzhou, East China’s Zhejiang province, on Monday for this year’s Singles Day carnival, an online shopping festival which culminated on Tuesday. NI YANQIANG / FOR CHINA DAILY Chinese consumers exhibited robust purchasing power as they shopped for intelligent electronic products and home appliances during this year’s…

Building trust in the age of intelligent finance

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For Muhammad Rameez Feroz, a financial professional who has spent more than a decade connecting institutions across Pakistan and China, illicit finance within global trade remains one of the most pressing obstacles to sustainable economic growth. “Where experience meets innovation lies the key to sustainable transparency,” Feroz said. According to the United Nations Office on…

Small town winning recipe for global mkt

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JINAN — Lacking any local steel, a small town in eastern China has mastered the art of metal and fire, evolving from crafting basic steamers to producing high-tech smart kitchens. Through sheer ingenuity, Xingfu township in Boxing county, Shandong province, has become an unlikely powerhouse, supplying kitchens worldwide with everything from pots and pans to…

Pakistan businessman drawn by China’s prosperity and vibrancy

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Pakistan businessman Asif Osama, having stayed in China since 2011, featured in the short film What is “Show” to exhibit his impression of China through four dimensions — industry, culture, technology, and daily life. [Photo provided to chinadaily.com.cn] For Pakistan businessman Asif Osama, his journey in China has been an extremely rewarding one. The journey…