China achieves important breakthrough in halving rice growth cycle

China has achieved an important breakthrough in harvesting rice in controlled conditions only 60 days in a plant factory, halving the traditional growth cycle of more than 120 days in field condition, which provides a new approach to accelerate crop breeding, according to media reports. The experiment was carried out jointly by the Institute of Urban Agriculture under the Chinese

Two Chinese steelmakers to merge, become world’s third largest

China’s two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world’s third-largest steelmaker. According to the deal, the owner of Ben Gang – the State-owned Assets Supervision and Administration Commission of Liaoning Province – will transfer a 51-percent controlling stake in the steelmaker to

China’s car rental market to top 100b yuan by 2022: report

China’s car rental market is about to enter the high-speed growth period and top 100 billion yuan (about $15.39 billion) next year, according to a report. The market will embrace high-speed development after the car rental industry reshuffled over the previous five or six years, according to a report by internet data analysis service provider Analysys. In 2021, the industry

Jiangyin Registered a 12.3% GDP Growth for the First Half of the Year

The city of Jiangyin achieved a regional GDP of RMB 201.768 billion in the first half of the year, a year-on-year increase of 12.3% at comparable prices. In the first half of 2021, the output value of strategic emerging industries above designated size grew by 30.7% year-on-year, 7.3 percentage points higher than that of the industries above designated size, and

Digital farming takes hold in China as companies race to the market

For the first time, Shao Qinglang, 33-year-old farmer from Miaoji Township, east China’s Anhui Province, harvested over 550 kilograms of wheat per mu (666.7 square meters) in his 200-mu (13.33 hectares) farmland this summer, some 100 kg per mu more than last year, after having plowed the field for over nine years now. What helped Shao attain the bumper harvest

China’s economy shows slowing signs in July, but remains on steady recovery path

China’s economic growth slowed down in July, with several key indicators, including retail sales and industrial production, falling short of market expectations, underscoring the multiple constraints the economy faces – ranging from the sudden Delta variant outbreak and floods, to a spike in bulk commodity prices and flattening overseas demand. Following the weaker-than-expected data, the State Council, China’s cabinet, also

China will promote consumption recovery, maintain steady economy: State Council

China will promote steady growth in consumption, take more effective measures to open up to boost foreign trade and investment, and maintain steady economic performance, Premier Li Keqiang said at a State Council executive meeting on Monday. During the meeting, Li stressed that all regions should implement policies to strengthen cross-cycle adjustment in light of new economic conditions. Since mid-July,

China’s home price rises 0.3% in July, slowest gain in 6 months

China’s new home prices in major cities rose 0.3 percent month-on-month in July, the lowest gain in six months amid new government measures controlling property prices, according to data released by China’s National Bureau of Statistics (NBS) on Monday. That compared with 0.41 percent rise in June. Meanwhile, prices in the secondary property market rose 0.11 percent in June, the

The Import and Export Value of Hangzhou Increases 7 Months in a Row

The data released by Qianjiang Customs yesterday reveals that the import and export value of Hangzhou has kept increasing 7 months in a row, showing a strong momentum and stability. The total import and export value of Hangzhou from January to July reaches 405.37 billion yuan, increasing by 26.0% compared to last year. Thereinto, the export value reaches 251.28 billion

China’s GDP softens in July, but yearly growth to reach more than 8%: analysts

China’s economy growth slowed down in July, but a number of key economic indicators improved and maintained steady expansion, verifying the resilience of the world’s second largest economy in face of challenges, ranging from the abrupt Delta variant outbreak, serious flooding in parts of the country, and a spike in bulk commodity prices. Analysts predicted that the fallout of cluster