China's consumer goods industry grows in Q1

China's consumer goods industry saw steady growth in the first quarter of 2026, the Ministry of Industry and Information Technology (MIIT) said at a press conference on Tuesday.

In the first three months this year, the value added of the consumer goods industry increased by 5.1 percent year on year, accounting for 27.9 percent of the total value-added industrial output.

The export value of manufactured consumer goods, denominated in renminbi (RMB), accounted for 17.7 percent of total exports.

The application of artificial intelligence (AI) and other new technologies in the electronics and consumer goods industries has accelerated, while terminal products including drones and AI glasses have become increasingly diversified, according to the MIIT.

China's consumer goods industry grows in Q1

A major hydropower plant in southwest China's Sichuan Province achieved river closure, marking the start of its first main construction phase, according to China Energy Investment Corporation on Thursday.

The project is named "Laoyingyan Stage 2 Hydropower Plant". The plant is located on the Dadu River. It is expected to have a total installed capacity of 420 MW and an annual design power generation of 1.838 billion kWh.

The first unit of the plant is scheduled to begin operation in 2029.

Hydropower project in Sichuan achieves river closure