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Bag charms become new ’emotional currency’ for Chinese youth

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Bag charms made at a toy factory in Dongguan, Guangdong province, pictured on Aug 11 before being put on the market. [Photo/Xinhua] GUANGZHOU – For many young Chinese, the first decision of the day perhaps isn’t just what to wear, but which plush companion to clip onto their bag. “Which doll should I take out…

DBS becomes first renminbi-clearing Singaporean bank

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A view of DBS Bank Tower in the Pudong New Area in Shanghai. [Photo provided to chinadaily.com.cn] DBS has been appointed by China’s central bank as the second renminbi clearing bank in Singapore. The Singapore branch of the Industrial and Commercial Bank of China became the city-state’s first RMB clearing bank in 2013. In a…

China’s power use poised to hit record high in 2025

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BEIJING – China’s electricity consumption is expected to reach a record high in 2025, with total power use projected to surpass 10 trillion kilowatt-hours nationwide, underscoring the strong momentum of the world’s second-largest economy. The projection was revealed at a national energy work conference on Monday. The milestone would further cement China’s position as the…

Congratulations on the launch!

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HVAC design contest highlights low-carbon innovation in China

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Amid the global push for greener, low-carbon development, the 23rd Midea International Heating, Ventilation and Air Conditioning (HVAC) Design Contest recently concluded in Hainan, serving as a platform for promoting new technologies and products in central air-conditioning systems. The contest, which aims to foster industry-wide progress, was co-organized by the China Innovation Alliance for Heating,…

China releases plan to boost high-quality development of service outsourcing

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An aerial drone photo taken on Nov 15, 2025 shows a view of the Haikou Jiangdong New Area in South China’s Hainan province. [Photo/Xinhua] BEIJING – China’s Ministry of Commerce and five other government departments have released an action plan on promoting high-quality development of the service outsourcing industry. By 2030, a number of leading…

Bigger say for local govts in realty policy

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Potential homebuyers look at a property model in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE China will grant municipal governments greater autonomy to implement city-specific real estate policies, a move aimed at consolidating the property market’s recovery trajectory, said the country’s top housing regulator. Minister of Housing and Urban-Rural Development Ni Hong said that future…

November economic performance resilient

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A drone photo taken on Nov 21, 2025 shows an industrial robot at a test workshop at Efort Intelligent Robot Co Ltd in Wuhu, East China’s Anhui province. [Photo/Xinhua] China’s economy maintained steady momentum in November amid mounting external uncertainties and persistent pressures from still-weak domestic demand, official data showed on Monday, reinforcing expectations that…

Pricing blueprint set for auto industry

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This photo taken on Nov 3, 2025 shows a new energy vehicle (NEV) assembly line of BYD, China’s leading NEV manufacturer, at the plant of BYD in Zhengzhou, Central China’s Henan province. [Photo/Xinhua] China’s top market regulator has rolled out draft rules aimed at curbing cutthroat price wars in the automotive industry, warning automakers not…

‘Invest in China’ to gain more traction

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A visitor poses for photo at an exhibition area showcasing co-branded UT products of Uniqlo and “Zootopia” which made their debut during the 8th CIIE in East China’s Shanghai, Nov 6, 2025. [Photo/Xinhua] Despite rising unilateralism and geopolitical tensions, China remains the largest engine of global economic growth, said Han Wenxiu, executive deputy director of…