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Transitioning from large consumer market to strong consumer economy

Tourists buy flowers at Dounan Flower Market during the May Day holiday in Kunming, Southwest China’s Yunnan province, May 5, 2026. [Photo/Xinhua] In December, the annual Central Economic Work Conference identified boosting consumption and expanding domestic demand across the board as a key priority for economic policy. The task is not merely a short-term response…

Blast furnace a testimony to Baosteel’s smart AI use

Baosteel’s No 1 Blast Furnace will soon become a fully AI-powered smart blast furnace in Shanghai to make precise temperature predictions and ensure stable operations. LIU JIMING/FOR CHINA DAILY It might be one of the world’s toughest engineering feats — keeping China’s first ultra-large blast furnace operating consistently at a temperature of around 1,510 degrees…

Deeper Sino-EU cooperation urged

A China-Europe freight train sets off slowly after being supervised by the customs in Jinhua, Zhejiang province, on April 1. HU XIAOFEI/FOR CHINA DAILY As trade tensions between China and the European Union show signs of escalating, economists and executives are calling on Brussels to abandon its “de-risking” strategy, strengthen dialogue with Beijing and enhance…

Industrial sector sustains strong momentum

China’s industrial sector sustained strong growth momentum in the first five months of 2026, as major industrial companies recorded faster profit growth, buoyed by the robust demand for artificial intelligence-related electronics products, official data released on Saturday showed. Analysts said the upbeat figures underscore the increasingly stronger role played by new growth drivers in supporting…

China mulls revisions to gold import, export regulations

BEIJING — Chinese regulators have proposed revisions to current regulations on the import and export of gold and gold products, aiming to streamline administration, facilitate trade, and improve the management of gold carried across the border by individuals. The People’s Bank of China said the draft amendments were jointly formulated with the General Administration of…

COMAC’s C909 regional jet marks 10 years of commercial service

Commercial Aircraft Corp of China (COMAC) said on Sunday its domestically developed C909 regional jet has carried more than 37 million passengers during its first decade of commercial service, marking a milestone for China’s efforts to build a competitive civil aircraft industry. The C909, formerly known as the ARJ21, entered commercial service on June 28,…