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BEIJING - China's steel industry posted higher prices and better profits last year as a result of progress made in reducing excessive capacity, according to the Ministry of Industry and Information Technology (MIIT).

BEIJING - China's major bicycle manufacturers saw their profits surge 24.8 percent year-on-year in the first half of 2020, according to the Ministry of Industry and Information Technology (MIIT).

BEIJING - China is planning to develop its cultural industry into a pillar of the national economy by 2020 by upgrading its industrial structure, fostering major brands and boosting consumption, according to a government blueprint made public Sunday.

BEIJING - Having gone through a big test with the pandemic, China's economy has emerged stronger as key economic figures suggest that China's recovery is gathering pace at year's end.

BEIJING - China's real estate investment increased 11.9 percent year-on-year in the first four months of this year, the National Bureau of Statistics (NBS) said Wednesday.