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A krill-fishing vessel being designed by Finnish-based Wärtsilä Ship Design Company looks to have been canceled by the Chinese company behind the contract.

Industrial firms' H1 profits up 67% By Cheng Yu | China Daily | Updated: 2021-07-28 08:59 Share CLOSE A technician works on the production line of an aluminum product manufacturer in Qinhuangdao, Hebei province. [CAO JIANXIONG/FOR CHINA DAILY] First-half revenues of China's major industrial companies saw a steady recovery, yielding almost 67 percent year-on-year surge in their combined profit, but private enterprises and smaller firms still face big challenges in their attempts to grow their profits, officials and industry experts sai...

China next month plans to launch a series of promotional activities, including a new consumer goods expo in southern Hainan Province, to boost spending as the Chinese retail sector recovers from consumer caution induced by COVID-19. Expanding domestic consumption is a priority in China’s “dual circulation” economic strategy first highlighted by Chinese President Xi Jinping (習近平) in May last year, which also called for a reduced dependence on foreign markets. China’s retail sales last month surged 34.2 percent year-on-year, surpassing a 28.0 percent gain expected by analysts and m...