China’s major industrial firms posted accelerated profit growth in the first five months of 2026, driven by surging demand for AI-related electronics and new-energy materials, official data showed. Industrial firms with an annual main business revenue of at least 20 million yuan ($2.9 million) saw their combined profits reach 3.14 trillion yuan in the January-May…
Guangdong province will scale up efforts to nurture future industries, focusing on seven key sectors, such as artificial intelligence, life and health, and energy, in the months ahead. Wu Shiwen, deputy head of the Guangdong Provincial Development and Reform Commission, said the provincial government has formulated and issued an action plan for accelerating the cultivation…
Financial regulators are ramping up support for the private sector with a new wave of policies that encourage banks to develop tailored financial products and expand lending to micro and small businesses, as authorities seek to improve access to financing and bolster private-sector growth. The Dalian office of the National Financial Regulatory Administration introduced 17…
Driven by the optimization of the China-Russia visa-free policy and the expansion of round-trip flight capacity, the number of inbound and outbound Russian nationals at Guangzhou Baiyun International Airport saw a significant surge in the first five months of this year, the latest data showed. According to statistics from the Guangzhou Baiyun Entry-Exit Border Inspection…
The long-standing view that a currency cannot become globally important without full convertibility and a fully liberalized capital account is increasingly being challenged, with economists arguing that the renminbi may prove otherwise. They said that geopolitical tensions are making financial markets less central to currency internationalization, while trade, investment and other real-economy linkages are likely…
Eleven projects were signed during the China-SCO Sci-Tech Innovation Cooperation Conference on Monday in Qingdao, Shandong province. [Photo provided to chinadaily.com.cn] The China-Shanghai Cooperation Organization’s Sci-Tech Innovation Cooperation Conference opened on Monday in Qingdao, Shandong province, with the signing of 11 cooperation projects covering advanced manufacturing, artificial intelligence, agricultural sci-tech, new energy and biotechnology. One…
A man works on the production line of a shipbuilding steel enterprise in Tangshan Port economic development zone in Tangshan, North China’s Hebei province, Dec 26, 2025. [Photo/Xinhua] Buoyed by improving market demand amid robust global appetite for artificial intelligence-related products and stronger pro-growth policy support, China’s factory activity returned to expansion in June after…
China will impose provisional anti-dumping duties on pea starch imports from Canada after an investigation found that the product was being dumped on the Chinese market and caused material injury to the domestic industry, the Ministry of Commerce said on Monday. Effective Wednesday, all importers of Canadian pea starch will be required to submit security…
China’s factory activity returned to expansion territory in June, moving back above the 50-point mark after standing at the boom-bust threshold a month earlier, official data showed on Tuesday. Data from the National Bureau of Statistics showed that China’s official purchasing managers’ index for the manufacturing sector came in at 50.3 in June, up 0.3…
The Bank of China’s booth is seen during an expo in Shenzhen, Guangdong province. CHINA DAILY China’s commercial banks stepped up the issuance of tier 2 capital bonds and perpetual bonds in the second quarter to replenish capital, strengthen resilience against financial risks and better serve the real economy. According to market tracker Wind Info,…