The gold industry in the Ili Kazak autonomous prefecture of China’s Xinjiang Uygur autonomous region has seen rapid growth in the last year, emerging as the prefecture’s primary industrial driver, local officials said at a news conference in Urumqi on Wednesday. Prefecture Governor Erxat Tursunbag reported that gold output reached 6.5 metric tons in 2025,…
China will impose safeguard measures on beef imports from certain countries when volumes exceed set quotas, effective from Thursday through Dec 31, 2028, the Ministry of Commerce said in an online notice on Wednesday. The notice said the safeguard measures will be gradually relaxed at fixed intervals over the implementation period. China will apply a…
Generative artificial intelligence is driving demand for computing power while reshaping how enterprises allocate information technology budgets and procure software, a number of market research institutes have said. According to Synergy Research Group, an enterprise specializing in global technology sectors, it is estimated that global spending on cloud infrastructure services reached nearly $99 billion in…
The Envision Energy’s office building in Shanghai. [Photo/VCG] Envision Energy has connected the world’s largest standalone battery energy storage station to the grid in Inner Mongolia autonomous region, as China accelerates its transition toward an AI-driven, renewable-heavy power system. The energy storage station, featuring a massive 4 GWh capacity, was commissioned on Tuesday. Fully equipped…
BEIJING — China’s service trade maintained steady growth in the first 11 months of the year, with total imports and exports reaching over 7.2 trillion yuan (approximately $1.02 trillion), up 7.1 percent year-on-year, the Ministry of Commerce said on Wednesday. Specifically, service exports rose 13.4 percent to nearly 3.2 trillion yuan during this period, while…
BEIJING — China on Wednesday released detailed policies for its 2026 home appliance trade-in subsidy program, along with incentives for the purchase of digital and smart products, as part of broader efforts to boost domestic consumption. According to a notice jointly issued by the Ministry of Commerce and other government departments, individual consumers purchasing energy-…
BEIJING — The added value of core industries of China’s digital economy, culture and tourism sectors accounted for increased shares of gross domestic product (GDP) in 2024, the National Bureau of Statistics said on Tuesday. Last year, the added value of the digital economy’s core industries totaled 14 trillion yuan (about $1.99 trillion), accounting for…
BEIJING — China has decided to implement safeguard measures on imported beef from Jan 1, 2026 to Dec 31, 2028, the Ministry of Commerce announced Wednesday. The decision came after a final ruling of a safeguard investigation into imported meat of bovine animals, which was launched on Dec 27, 2024. The measures will be implemented…
SHANGHAI — Legislative authorities in Shanghai have passed new regulations aimed at promoting the development of the cruise economy, establishing a robust legal framework to support high-quality growth in the city’s cruise industry. The 27-article regulations, passed by the Standing Committee of the Shanghai Municipal People’s Congress on Tuesday, are set to take effect on…
