BEIJING — China’s producer price index (PPI), which measures costs for goods at the factory gate, went down 2.3 percent year-on-year in September, the National Bureau of Statistics (NBS) said Wednesday. The decline narrowed by 0.6 percentage points from the previous month, suggesting an improvement in industrial demand amid government efforts to bolster economic growth.…
A collaboration on developing a cargo terminal at the Shanghai Pudong International Airport into a benchmark smart logistics facility is inked between Swissport International AG and Shanghai Smargo Logistics Services Co Ltd on October 21. [Photo provided to chinadaily.com.cn] A collaboration on developing a cargo terminal at the Shanghai Pudong International Airport into a benchmark…
China Petroleum and Chemical Corp announced on Thursday the discovery of a new shale oil reserve estimated at 100 million metric tons in the Sichuan Basin, a move with strategic significance for the country’s energy security. The discovery is located in Chongqing’s Qijiang district. The well achieved high-yield test production of 38.64 cubic meters (about…
A forklift operator moves a container on the China-Europe Railway Express service in Ganzhou, Jiangxi province, in August. ZHU HAIPENG/FOR CHINA DAILY A healthy and balanced China-European Union economic and trade relationship is in the long-term interests of both sides, allowing their businesses to grow together, draw on each other’s strengths and better withstand the…
New energy vehicles are expected to make up 85 percent of new passenger car sales and Level 4 autonomous vehicles will be commonplace by 2040, according to the Technology Roadmap 3.0 for Energy-saving and New Energy Vehicles released on Wednesday. The blueprint — compiled by more than 2,000 experts organized by the China Society of…
BEIJING – China’s cumulative installed power generation capacity had reached 3.72 billion kilowatts by the end of September 2025, marking a year-on-year increase of 17.5 percent, official data showed on Sunday. Solar power generation capacity amounted to 1.13 billion kilowatts by the end of last month, surging 45.7 percent compared to the same period last…
China is stepping up capacity management in the cement sector to address oversupply and stabilize sustainable growth, with moves intensified to align actual production with approved capacity levels and curb unregulated expansion. The Ministry of Industry and Information Technology recently convened a meeting on stabilizing growth in the cement industry, calling on suppliers to adhere…
Visitors check out an offshore wind turbine model during a clean energy expo in Beijing on Monday. CHEN XIAOGEN/FOR CHINA DAILY China’s ambitious nationwide ultra-high voltage, or UHV, grid is fundamentally transforming the country’s energy system, driving a significant acceleration in its transition toward cleaner power sources and reshaping how electricity is delivered across the nation,…
BEIJING — China’s yuan-denominated loans rose 14.75 trillion yuan (about $2.08 trillion) in the first nine months of the year, central bank data showed on Wednesday. Of the total, household loans grew 1.1 trillion yuan, and loans to enterprises and public institutions increased by 13.44 trillion yuan, according to the People’s Bank of China. Outstanding…
KUALA LUMPUR – The Chinese and US delegations reconvened on Sunday for the second day of talks on economic and trade issues. The first day of talks took place on Saturday in the Malaysian capital. A spokesperson for China’s Ministry of Commerce said earlier that the two sides will hold consultations on important issues in…