Business--China Economic Net

By the end of 2024, the number of enterprises in the smart robot industry in China had reached 451,700, with a total registered capital of 6.44 trillion yuan (about 880 billion U.S. dollars), according to the State Administration for Market Regulation.

Chinese steelmaker completes delivery of hybrid diesel locomotives2025-02-09
China's first batch of hybrid diesel locomotives has been delivered, according to a report in the Science and Technology Daily on Saturday.

China's low-altitude logistics sector takes flight, transforms delivery systems2025-02-08
Gao Chunmei, an islander from Chaohu Lake in east China's Anhui Province, eagerly awaited her packages as usual.

"Ne Zha 2" becomes top-grossing film in single market worldwide2025-02-08
"Ne Zha 2," the animated feature that has swept Chinese cinemas, has surpassed "Star Wars: The Force Awakens" to become the highest-grossing film in a single market globally.

Booming service spending during Spring Festival holiday echoes China's economic vigor2025-02-08
Zhang Xin, a white-collar worker from Shanghai, made advance reservations to spend the Spring Festival holiday on snow in northeast China's Jilin Province.

Chinese yuan weakens to 7.1699 against USD Friday2025-02-07
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 8 pips to 7.1699 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.

VAT invoice data reflects China's robust Spring Festival holiday consumption2025-02-06
China's State Taxation Administration released value-added tax (VAT) invoice data on Wednesday, revealing strong consumer spending during the Spring Festival holiday.

Tesla's Shanghai energy-storage battery Megafactory to enter operation next week2025-02-06
U.S. carmaker Tesla said on Wednesday that its Shanghai energy-storage battery Megafactory will start official operation next week.

Toyota to build new EV plant in Shanghai2025-02-06
In a strategic move to bolster its presence in the world's largest automotive market, Japanese automaker Toyota Motor Corp. announced on Wednesday that it will construct a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai.

Shanghai sees surge in cross-border trips during Spring Festival holiday2025-02-06
Shanghai saw nearly 1.03 million inbound and outbound passenger trips during the eight-day Spring Festival holiday, marking a yearly increase of 28.9 percent, said the Shanghai General Station of Immigration Inspection on Wednesday.

Spring Festival holiday box office hits record high, underscoring Chinese film market's vitality, resilience2025-02-06
The 2025 Spring Festival holiday has set a new milestone for China's thriving film industry, with box office revenue reaching a staggering 9.51 billion yuan (approximately 1.33 billion U.S. dollars) between Jan. 28 and Feb. 4, as announced by the China Film Administration on Wednesday.

China's civil aviation industry transports 18.24 million passengers during Spring Festival holiday2025-02-06
China's civil aviation industry transported 18.24 million passengers during the eight-day Spring Festival holiday that ended on Tuesday, an increase of 2.9 percent compared to the same period in 2024, the Civil Aviation Administration of China said on Wednesday.

China's logistics efficiency continues improvement, sets record in 20242025-02-06
China's logistics efficiency continued to improve in 2024, with the ratio of social logistics costs to gross domestic product (GDP) dropping to the lowest level in history last year, the National Development and Reform Commission (NDRC) said on Wednesday.

Policy bank lends 20.4 bln yuan to support China's dual-use public infrastructure in 20242025-02-04
China Development Bank issued loans of 20.4 billion yuan (about 2.85 billion U.S. dollars) in 2024 to support 136 "dual-use public infrastructure" projects in cities including Beijing, Shenzhen and Fuzhou, said the policy bank.

Special Coverage

A window into the Greek and European economy.

Insight

2024 economic highlights: China's path to stability

China's economy continues to defy predictions and evolve with remarkable momentum, crafting a narrative of transformation that the rest of the world cannot ignore.