Profits at China’s major industrial firms maintained solid growth in the first quarter despite a complex economic environment, with equipment manufacturing and high-tech sectors reporting strong gains, official data showed on Monday. Industrial enterprises with an annual main business revenue of at least 20 million yuan ($2.82 million) saw their total profits rise 15.5 percent…
BEIJING — China’s wholesale and retail sectors posted steady growth in the first quarter of 2026, providing solid support for building a strong domestic market, the Ministry of Commerce said Monday. From January to March, the added value of China’s wholesale and retail trade grew 4.1 percent year-on-year to 3.5 trillion yuan (about $510.4 billion),…
A wave of criticism from Chinese online users has pushed French fashion label Lemaire to issue a public apology, after a fragrance campaign was widely condemned as culturally insensitive. The controversy centers on visuals promoting Lemaire’s “Objets Senteur” collection, a line of home fragrance objects. Campaign images featuring braided forms paired with long garments and…
Resale listings for a Labubu-themed refrigerator have surged to nearly double its retail price days before its official debut. On secondary online marketplace Xianyu, some early listings for the limited-edition fridge have climbed to nearly 10,000 yuan ($1,465), up from the official retail price of 5,999 yuan. Chinese collectibles giant Pop Mart announced on April…
Technological innovation and robust policy support for domestic demand are bolstering China’s economic resilience, laying a stable foundation for growth through the remainder of the year, economists said. The assessment follows the Ministry of Finance’s welcoming of the decision by Moody’s Ratings to affirm China’s A1 sovereign credit rating and upgrade its outlook to stable.…
Technological innovation and robust policy support for domestic demand are bolstering China’s economic resilience, laying a stable foundation for growth through the remainder of the year, economists said. The assessment follows the Ministry of Finance’s welcoming of the decision by Moody’s Ratings to affirm China’s A1 sovereign credit rating and upgrade its outlook to stable.…
Visitors can take part in interactive tea tastings, cultural showcases, and immersive experiences throughout the event. [Photo provided to chinadaily.com.cn] Spring scenery and the fragrance… Read More »Beijing brews culture and tourism for May Day
China secured stable domestic oil and gas supply in the first quarter, effectively dampening external shocks from global geopolitical tensions, including conflicts involving the Middle East, according to authorities. Output of crude oil and natural gas from major industrial enterprises rose 1.3 percent and 3.0 percent year-on-year, respectively, during the first quarter, Xing Yiteng, deputy…
Contemporary Amperex Technology Co Ltd signed a three-year deal to supply 60 gigawatt-hours of sodium-ion batteries to energy storage firm Hithium Energy Storage Technology Co Ltd on Monday, marking what the companies said is the world’s largest order of its kind. The agreement, signed in Ningde, in eastern China’s Fujian province, positions Hithium as CATL’s…
The General Administration of Customs will support the development of bulk commodity logistics hubs in China’s comprehensive bonded zones to strengthen the security of strategic mineral supplies, said customs officials on Monday. Speaking at a news conference in Beijing, Pan Cheng, director of the GAC’s department of free trade zone and special control area, said…