Skip to content

News

Foreign industrial profits resume growth as sector rebounds, says NBS

A drone photo shows the automated production at the Seres Super Factory in Liangjiang New Area, Southwest China’s Chongqing, Sept 19, 2025. [Photo/Xinhua] Profits of foreign industrial companies in the Chinese mainland resumed positive growth in 2025 following a three-year contraction as overall industrial profits improved, signaling a renewed momentum of the industrial economy and…

China achieves industrial-scale production of POE

China has successfully achieved industrial-scale production of polyolefin elastomer, a breakthrough that significantly bolsters the nation’s supply chain sovereignty in the renewable energy and electric vehicle sectors while dismantling a long-standing “chokehold” on critical high-tech materials. The Dushanzi petrochemical plant, a subsidiary of the State-owned China National Petroleum Corp and located in the Xinjiang Uygur…

Galaxy Corp eyes ‘unlimited development potential’

China’s vast market potential, deep talent pool and leadership in cutting-edge technologies such as artificial intelligence and robotics make it a core pillar of Galaxy Corp’s global strategy, as the South Korean entertainment technology company plans to steadily expand its presence in China through deeper local partnerships and investments. “China’s market holds virtually unlimited development…

Huge business delegation to accompany Starmer on China visit

Senior executives and institutional delegates from more than 50 British companies will accompany United Kingdom Prime Minister Keir Starmer on his official visit to China from Wednesday to Saturday, the Ministry of Commerce said. The delegation is set to include representatives from UK’s competitive sectors, including finance, pharmaceuticals, manufacturing, culture and creative industries, reflecting the…

MOC: China and Finland should work together to oppose protectionism

China expressed hope that the Finnish government would play an active role in promoting the European Union to exercise prudence in using trade and economic restrictive tools, China’s top commerce official said on Monday during a meeting with Finnish Prime Minister Petteri Orpo.  Commerce Minister Wang Wentao said that Finland should work with China to…

Consumers warming to ’emotional’ AI toys

An AiMe AI robot is displayed during tech show CES 2026 on Jan 7 in Las Vegas, the United States. JOHN LOCHER/AP Every night before going to bed, 27-year-old Nancy Liu places a small, warm device beside her pillow. It breathes softly, responds when she speaks, and remembers how her mood shifts from one day…

Chinese sportswear firm to secure major stake in Puma

Anta Sports Products Ltd announced on Tuesday that it has entered into a share purchase agreement with Groupe Artémis, the investment firm of the Pinault family, to acquire a 29.06 percent stake in the global sportswear giant behind the Puma brand. The deal for Puma SE, valued at 1.5 billion euros ($1.78 billion), marks a…

Canada breaks the ice with EV trade move

China-made cars are unloaded from a train in Yantai port for export from Shandong province on Jan 18. TANG KE/FOR CHINA DAILY Canada has taken a step toward opening its electric vehicle market to China-made EVs, but the country will remain more of a testing ground than a mainstream destination for Chinese brands — at…

Zijin Mining announces purchase of Canada’s Allied Gold

China’s Zijin Mining Group, which specializes in the global exploration and development of metals such as copper, gold, zinc and lithium, as well as engineering and technological research, announced on Monday that it would be buying Canada’s Allied Gold for around $4.02 billion. The announcement came as Zijin steps up its global expansion against the…

Investment in people a key policy imperative

CAI MENG/CHINA DAILY China is placing greater emphasis on optimizing the investment structure, especially investment in people. The fourth plenary session of the 20th Central Committee of the Communist Party of China adopted the recommendations for the 15th Five-Year Plan (2026–30), underscoring the coordinated push to improve people’s livelihoods and boost consumption, while strengthening the…