Chinese Vice President Han Zheng met with Lord Mayor of London Alastair King in Beijing on Tuesday. Han said that the City of London is a world-renowned financial center that has made positive contributions to China-U.K. cooperation in the financial, economic and trade fields.
China and the U.K. are both major economies, and they are highly complementary and have broad prospects for cooperation, Han said. Noting that China's domestic and foreign policies will remain consistent no matter how the world changes, he said China is willing to work with the U.K. as a strategic partner to strengthen communication and cooperation, promote a multi-polar world and economic globalization, implement the important consensus reached between their leaders, and bring more benefits to the two countries and the world at large.
King noted that the U.K. and China have great prospects for cooperation on the green economy, sustainable finance and renewable energy. The City of London welcomes more Chinese companies to do business in London, and stands ready to provide full support and convenience.
Chinese vice president meets with London's lord mayor
Chinese vice president meets with London's lord mayor
China's consumer goods industry got off to a good start in 2026, with main indicators registering steady growth in the first two months, according to the data from the Ministry of Industry and Information Technology.
The value added of enterprises above the designated size -- whose annual main business income reaches 20 million yuan (about 2.93 million U.S. dollars) or more -- in this sector increased by 4.8 percent year on year in January and February, accounting for 29.2 percent of the total value added, 3.1 percentage points higher than that of last year. Among the 14 major industry categories, 10 achieved positive growth.
In the two months, these enterprises achieved a business revenue of approximately 5.1 trillion yuan, up 4.4 percent year on year, while the total retail sales of consumer goods exceeded 8.6 trillion yuan, a year-on-year increase of 2.8 percent.
"The first two months were in the traditional peak consumption season, driving the growth of orders and helping to unleash production capacity in the consumer goods industry. Some emerging consumption patterns, such as experience consumption and trendy toy consumption, grew rapidly, and the supply market showed a diversified growth trend," said Dai Xiaoxia, deputy director of the Institute of Consumer Goods Industry Research of China Center for Information Industry Development.
In terms of foreign trade, exporters above the designated size delivered consumer goods worth around 592.54 billion yuan, up 2.2 percent year on year, with the pharmaceutical manufacturing industry, the papermaking and paper products industry registering relatively rapid growth.
China will increase the supply of high-quality products in the consumer goods industry, steadily promoting the intelligent, green and integrated development of the sector.
China's consumer goods industry posts steady growth in first 2 months
