Business--China Economic Net

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.

China's major coal-producing province sees record 2024 coal-bed methane output2025-02-02
North China's coal-rich Shanxi Province achieved a record coal-bed methane (CBM) output of 13.4 billion cubic meters in 2024, up 18.9 percent year on year, according to the provincial statistics bureau.

From motorcycles to C919 jets -- China's travel rush evolution2025-02-01
After completing his final delivery, truck driver Zhou Qiang boarded flight CZ8233 back home for Spring Festival celebrations, eager to experience his maiden trip on China's domestically developed C919 aircraft.

China sees new daily box office revenue record on Chinese New Year 20252025-01-31
China's daily box office reached a new milestone on Wednesday, the Spring Festival, also known as Chinese New Year, generating an impressive 1.805 billion yuan (about 249 million U.S. dollars) in earnings.

Ham cellar business thrives in China's cool county2025-01-31
During the Chinese New Year holiday, local delicacies take center stage at festive gatherings, with Yongde County in southwest China's Yunnan Province seeing a flourishing "ham bank" business as the seasoned meat has become an indispensable ingredient for holiday feasts.

TikTok forges partnership to boost Kenya's creative economy2025-01-30
Video-sharing social networking platform TikTok on Wednesday announced partnerships with global digital advertising firm Aleph Holdings and Kenya-based e-commerce platform Wowzi, which is expected to boost Kenya's creative economy.

Explainer: Why is Chinese AI startup DeepSeek shaking up the tech world?2025-01-30
The artificial intelligence (AI) community is abuzz with excitement over DeepSeek-R1, a new open-source model developed by the Chinese startup DeepSeek.

Chinese mainland's film pre-sale box office for Spring Festival holiday exceeds 1 bln yuan2025-01-29
The total pre-sale box office of six domestic movies set to debut on the Chinese mainland on Wednesday, this year's Spring Festival, has exceeded 1 billion yuan (about 139 million U.S. dollars), according to data released by the box office tracker Beacon on Tuesday.

China's cultural sector posts stable growth in 20242025-01-28
China's cultural industry maintained its steady expansion in 2024, with new business models continuing to flourish, official data showed Monday.

Chinese provinces set tailored plans to support emerging, future industries2025-01-28
Chinese provinces have outlined plans this year to strengthen support for tech-intensive industries, most of which are tailored to local conditions.

China's non-manufacturing PMI at 50.2 in January2025-01-27
The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 50.2 in January, down from 52.2 in December, official data showed Monday.

Chinese yuan strengthens to 7.1698 against USD Monday2025-01-27
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 7 pips to 7.1698 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

China's foreign investment, cooperation remain stable in 2024: official2025-01-26
China's foreign investment and cooperation saw steady growth in 2024, an official with the Ministry of Commerce (MOC) said Sunday.

China's highways to see record-high EV charging volume during Spring Festival holiday2025-01-26
The electric vehicle (EV) charging volume on China's highways is set to hit a record high during the upcoming Spring Festival holiday, according to data from the State Grid Corporation of China.

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