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BEIJING: China’s industrial profits grew at a faster pace in September, though a deepening divergence across the economy continued to weigh on business earnings. Profits at industrial firms rose 14.4% from a year earlier last month, quickening from a 4.2 increase in August, data from the National Bureau of Statistics showed on Tuesday. Profits were up 15.5% in the first nine months, compared with a 15.7% increase in the January-August period. While export-oriented firms brace for greater uncertainty as expanding trade surpluses heighten the risk of external pressures, firms tied to domestic demand continue to grapple with subdued consumption, casting…
Russia and Ukraine have started a localised ceasefire to allow for a humanitarian operation to begin in the Russian-occupied town of Oleshky, both sides said on Tuesday. Russia’s defence ministry said on Telegram it stopped shelling in the direction of the Ukrainian city of Kherson from 4 a.m. Moscow time (0100 GMT) to prepare for the humanitarian operation in Oleshky, just across the Dnipro River from Kherson. Dmytro Lubinets, Ukraine’s parliament commissioner for human rights, confirmed in a Facebook post the ceasefire has started at the same time. “As head of the Ukrainian negotiating team, I confirm that the Ukrainian…
CAIRO: The Saudi-led coalition in Yemen said on Tuesday it intercepted and destroyed ballistic missiles and drones launched by the Houthis towards two regions of Saudi Arabia, as the conflict between the kingdom and the group intensifies. The Houthis launched three ballistic missiles towards Saudi Arabia’s Eastern Region, and four drones towards the country’s Southern Region, the coalition said. Saudi Civil Defense issued early warning alerts for a potential hostile threat in the Eastern Region and in Kharj governorate, later saying the danger had passed in both areas. Saudi Arabia has intensified its strikes on the Houthis since the group…
Explosions were heard in Ukraine’s capital of Kyiv, a Reuters witness said on Tuesday. On Monday, a Russian strike on Kyiv killed at least one person and injured 10, while also killing and wounding people in the cities of Kharkiv and Pavlohrad, even as a localised ceasefire started around the Russian-occupied town of Oleshky.
Pakistan and China on Monday launched the China-Pakistan Information Corridor (CPIC) at the Pakistan-China Friendship Centre to strengthen media cooperation, promote information sharing and highlight the impact of bilateral cooperation on people’s lives. The initiative aims to bring together media organisations, think tanks, academic institutions, businesses and young people from both countries to promote understanding and share information about their longstanding partnership. Secretary Information Ashfaq Ahmad Khalil, Federal Minister for Information and Broadcasting Attaullah Tarar, Chinese Ambassador to Pakistan Jiang Zaidong and Chinese Foreign Ministry spokesperson Mao Ning attended the launch ceremony, along with other officials and distinguished guests. Addressing…
Nanjing Iron & Steel Co., Ltd. (NISCO), in collaboration with Huawei and ecosystem partners, has commercially deployed the world’s first steel industry model powered by swarm intelligence, marking a major step toward the digital and intelligent transformation of steel manufacturing. The YuanYe Steel Large Model (YuanYe) has been deployed across multiple industrial scenarios at scale, enabling NISCO to shift its core operations from experience-based practices toward data-driven decision-making and coordinated intelligence. NISCO has established a strong digital foundation by adopting Huawei technologies, including Ascend, Kunpeng, Huawei Cloud Stack and Pangu models. Artificial intelligence (AI) has been integrated into key production…
China’s domestic tourism market posted solid growth in terms of both trips and travel spending from January to September this year, the Ministry of Culture and Tourism (MCT) said on Monday. More than 5.3 billion domestic trips were made during the first nine months of 2026, up 6.2% year on year, data from a survey of domestic travelers conducted by the ministry revealed. Urban residents accounted for over 4 billion trips, an increase of 6.6% from a year earlier, while rural residents made 1.27 billion trips, marking a 5.1% rise. Domestic tourism spending expanded 2.2% year on year to 4.95…
A completion ceremony for the renovation project for Chinese People’s Volunteers (CPV) martyrs’ cemeteries was held Saturday in Sinphyong County, North Hwanghae Province of the Democratic People’s Republic of Korea (DPRK), on the occasion of the 76th anniversary of the CPV’s entry into the DPRK to fight in the War to Resist US Aggression and Aid Korea. The ceremony started at around 10 a.m. (0100 GMT) with the national anthems of China and the DPRK. Representatives from China and the DPRK laid flower baskets for the CPV martyrs, stood in silent tribute, presented flowers and poured liquor in remembrance, and…
China strictly abides by relevant agreements and common understandings reached with India and conducts routine border patrols and control activities to safeguard its territorial sovereignty and maintain stability in border areas, Foreign Ministry spokesperson Guo Jiakun said on Monday. Guo made the remarks at a regular news briefing in response to a question about Indian allegations that Chinese forces had disturbed the peace along the border. China and India maintain communication through diplomatic and military channels, Guo said, expressing hope that India will work with China in the same direction to jointly implement the common understandings reached between the two…
A speech by Chinese President Xi Jinping at a ceremony commemorating the 90th anniversary of the victory of the Long March of the Chinese Workers’ and Peasants’ Red Army has been published as a booklet. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, delivered the speech in Beijing on October 22. The booklet, published by the People’s Publishing House, is now available at Xinhua Bookstore outlets nationwide.
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