Business--China Economic Net

China's power use up 7.1 pct in first 11 months2024-12-20
China's electricity consumption, a key barometer of economic activity, rose by 7.1 percent year on year in the first 11 months of the year, according to data released by the National Energy Administration on Thursday.

Trade between mainland, Macao sees steady growth over past 25 years2024-12-19
The total value of imports and exports between the Chinese mainland and Macao reached 471.43 billion yuan (about 65.58 billion U.S. dollars) from January 2000 to November 2024, customs authorities said Wednesday.

Chinese yuan weakens to 7.1911 against USD Thursday2024-12-19
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 31 pips to 7.1911 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

First direct voyage from Peru's Chancay Port to reach Shanghai port2024-12-18
The "Xin Shanghai," a vessel operated by China COSCO Shipping Corporation Limited, is set to arrive in Shanghai's Yangshan Port on Wednesday afternoon after a 23-day journey from Peru's Chancay Port, marking the first official voyage between the two ports.

Smart tech powers new record in shale oil drilling2024-12-18
Powered by intelligent technologies, China's Shengli Oilfield has achieved the capability to drill shale oil wells to depths almost 6,000 meters in just 17.7 days. The drilling periods were 29.5 days in 2023 and 48 days in 2022.

China moves to upgrade raw materials industry2024-12-18
The Ministry of Industry and Information Technology (MIIT) and three other Chinese authorities have issued a joint action plan for the raw materials industry, outlining standards for upgrades over the next three years.

China's online literature rakes in over 605-million-USD in overseas revenue in 20232024-12-18
China's online literature has accelerated its overseas expansion, with its total revenue in the overseas market reaching 4.35 billion yuan (about 605 million U.S. dollars) in 2023, according to the latest industry report released on Monday.

WeChat QR payment access expanded for visitors to Chinese mainland2024-12-18
Chinese financial services provider UnionPay International, in collaboration with leading Chinese payment platform WeChat Pay, has introduced enhanced payment services for foreign visitors to the Chinese mainland, aiming to offer more diverse and convenient payment options.

Data for November points to steady economic rebound2024-12-17
China's economy showed sustained recovery in November amid a raft of government measures aimed at stimulating growth, pointing to green shoots of a steady rebound heading into 2025, economists said on Monday.

China-U.S. economic working group holds seventh meeting2024-12-17
The China-U.S. economic working group has held its seventh meeting in Johannesburg, South Africa, China's Ministry of Finance (MOF) said in a statement on Monday.

China's economic recovery gains momentum amid sustained policy support2024-12-17
China's economic recovery gained momentum in November, fueled by a series of recent pro-growth policies that have contributed to an accumulation of positive factors.

China's surveyed urban unemployment rate down in January-November2024-12-16
The surveyed urban unemployment rate on average in China stood at 5.1 percent in the first 11 months of 2024, down 0.1 percentage points from the same period last year, official data showed on Monday.

China's industrial output up 5.4 pct in November2024-12-16
China's value-added industrial output, an important economic indicator, expanded 5.4 percent year on year in November, official data showed Monday.

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The upgraded Second Supply Chain Expo link global kindred spirits

Themed "Connecting the World for a Shared Future", the 2nd China International Supply Chain Expo (CISCE), the first supply chain expo at the national level worldwide, is set to be held in Beijing from Nov. 26 to Nov. 30, featuring exhibitions, forums, seminars and trade fairs.