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China approves 6G trials to accelerate next-gen connectivity

China has taken a key step toward shaping the global future of telecommunications, as the Ministry of Industry and Information Technology officially approved the use of test frequencies for sixth-generation (6G) mobile communication systems. The MIIT said on Friday that it has issued a trial frequency usage permit for the 6GHz band to the IMT-2030…

China’s CPI up 1.2% in April

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Homegrown C919 jet taking skies by storm

Passengers get off a C919 aircraft at Harbin Airport, Heilongjiang province. LIU YANG/FOR CHINA DAILY China’s domestically developed narrowbody C919 jet has entered a new phase of scaled commercial operations, analysts said, after the aircraft more than doubled its monthly flight volume and achieved utilization rates approaching those of Western rivals nine years after its…

Rules eased to boost cross-border financing

China has stepped up policy support for cross-border financing by raising leverage ratios for overseas lending by foreign banks in the country and the Export-Import Bank of China, in a move aimed at boosting the real economy, facilitating trade and investment, and accelerating the global use of the renminbi. The adjustment comes as banks’ overseas…

Stable Sino-US ties linked to global growth

Expanded cooperation between China and the United States will help reinforce the stability of global industrial and supply chains, while generating fresh momentum in advanced manufacturing, premium consumption and innovation-driven industries, said analysts and business executives of both sides. They also said that stable China-US economic ties are vital to safeguarding global supply chains, and…

BeOne Medicines revenue surges 35% in Q1

BeOne Medicines Ltd, a listed global oncology biotech, reported a first-quarter revenue of $1.5 billion for 2026, up 35 percent year-on-year, driven by continued growth of its blood cancer drug, Brukinsa, and expansion into overseas markets. The US-listed Chinese biotech, also listed in Hong Kong and Shanghai, said Brukinsa generated $1.1 billion in global sales…

China slams EU over reported tech funding block

China’s Ministry of Commerce has responded to reported European Union plans to block funding for projects using Chinese inverters by warning that the country will take necessary measures to safeguard the legitimate rights and interests of its companies. In response to the reported comments by EU officials, the Ministry of Commerce stated that the bloc…

China records 325 million domestic tourism trips during Labor Day holiday

Tourists seen in Dunhuang, Gansu province, on Monday. ZHANG XIAOLIANG/FOR CHINA DAILY China’s domestic tourism market recorded 325 million trips during the five-day Labor Day holiday, up 3.6 percent year-on-year, according to data from the Ministry of Culture and Tourism on Thursday. Total domestic tourism spending reached 185.5 billion yuan ($27.3 billion) during the holiday,…