Online payments up during holiday

Chinese online payment clearinghouse NetsUnion and card payment giant China UnionPay reported robust growth in online payments during the National Day and Mid-Autumn Festival holiday, central bank data show. During the eightday holiday that concluded on Wednesday, online payments via the two platforms hit 13.26 trillion yuan ($1.86 trillion), up 1.86 trillion yuan from last year's holiday.

Light industry sees solid expansion

During the 14th Five-Year Plan (2021-25), China's light industry expanded steadily, with output continuing to grow, according to the China National Light Industry Council. In 2024, China had 140,000 light-industry enterprises exceeding the designated size, which provided 17.92 million jobs. The sector's exports reached $925.4 billion, accounting for 25.9 percent of the country's total export value and ranking first among all industries for the fifth consecutive year.

Xinhua - China Daily