https://www.scmp.com/rss/523501/feed The latest news and top stories on China National Gold Group (CNGG). A leading entity in the mining sector, Beijing-based China National Gold Group is a central state-owned enterprise specialising in the exploration mining processing and refining of gold copper silver and molybdenum. It primarily serves the Chinese market with extensive retail operations and also engages in international trade. Known as China’s largest gold producer and the only Chinese member of the World Gold Council, its... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Holly Chik Holly Chik China has become the first country to mass produce the strongest carbon fibre, which has wide applications for defence industries such as aerospace, drones and robots, state broadcaster CCTV’s military channel reported on Wednesday. The domestically developed T1200-grade fibre has a tensile strength 10 times greater than ordinary steel, yet it is less than one-tenth of a human hair in diameter, according to the state broadcaster. Mass production of the ultra-strength fibre at a projected output... https://www.scmp.com/news/china/science/article/3346398/china-beats-us-japan-carbon-fibre-arms-race-create-worlds-first-t1200-factory?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3346398/china-beats-us-japan-carbon-fibre-arms-race-create-worlds-first-t1200-factory?utm_source=rss_feed Fri, 13 Mar 2026 04:00:12 +0000 Mia Nurmamat Mia Nurmamat China is charting a course for a major increase in domestic gold output over the next five years, while also advancing a new round of mineral-exploration breakthroughs, to bolster self-sufficiency amid a global shift away from the US dollar and heightened geopolitical tensions that underscore gold’s role as a financial haven. The proposal, outlined by the China Gold Association, aims to upgrade mining and smelting technologies during the country’s 15th five-year plan period (2026-2030) while... https://www.scmp.com/economy/china-economy/article/3342532/china-eyes-gold-production-surge-amid-de-dollarisation-drive-aiming-hedge-global-risks?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342532/china-eyes-gold-production-surge-amid-de-dollarisation-drive-aiming-hedge-global-risks?utm_source=rss_feed Thu, 05 Feb 2026 13:00:10 +0000 Xinyi Wu Xinyi Wu As dwindling domestic profits push more Chinese firms onto the global stage, industry titans – forerunners who know what such a shift entails – are offering crucial advice for navigating challenges abroad. “The most important thing is to become a local company,” said Zhu Lei, chief marketing officer for air conditioner giant Gree Electric Appliances, which was among the first Chinese companies to enter the Latin American market. The advice comes as Chinese firms are expected to ramp up their... https://www.scmp.com/economy/global-economy/article/3341852/new-rules-expansion-chinese-firms-urged-go-local-they-chase-sales-abroad?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3341852/new-rules-expansion-chinese-firms-urged-go-local-they-chase-sales-abroad?utm_source=rss_feed Sun, 01 Feb 2026 13:00:12 +0000 Mia Nurmamat Mia Nurmamat As the Chinese zodiac’s Year of the Horse approaches, distiller Kweichow Moutai has released a limited promotional line of its baijiu sorghum liquor commemorating the occasion as it seeks to bounce back from a prolonged sales slump – a marketing strategy being adopted by several brands in China as they look to give their revenues a festive boost. On Tuesday, Moutai launched three limited Year of the Horse editions priced between 1,899 yuan and 3,789 yuan (US$272 to US$542) a bottle. The company... https://www.scmp.com/economy/china-economy/article/3339334/horse-power-chinese-brands-look-boost-sales-lunar-new-year-items?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3339334/horse-power-chinese-brands-look-boost-sales-lunar-new-year-items?utm_source=rss_feed Sat, 10 Jan 2026 08:00:14 +0000 Emil Avdaliani Emil Avdaliani Over the past year, the US has moved to expand cooperation with Central Asian countries on critical minerals. This is being done in an effort to limit China’s chokehold on the resources that are critical to a range of industries where Beijing and Washington are locked in competition. Yet, the United States is lagging behind China in Central Asia. Beijing has long developed an efficient strategy to position itself as a dominant actor in the region’s critical minerals sector. Uzbekistan is a key... https://www.scmp.com/opinion/china-opinion/article/3325069/race-central-asias-rare-earths-china-leaving-us-dust?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3325069/race-central-asias-rare-earths-china-leaving-us-dust?utm_source=rss_feed Sun, 14 Sep 2025 08:30:08 +0000 Sylvie Zhuang Sylvie Zhuang Calls have been growing in Chinese state media and from the public for stricter safety measures and a thorough investigation into the deaths of six university students who fell into an industrial flotation tank on Wednesday. The students, from Northeastern University in Liaoning province, were on a field trip to the China National Gold Group’s Wunugetushan copper-molybdenum mine in Inner Mongolia when the incident happened. A teacher was also injured. According to state news agency Xinhua, the... https://www.scmp.com/news/china/article/3319536/questions-grow-china-mourns-6-engineering-students-lost-mine-accident?utm_source=rss_feed https://www.scmp.com/news/china/article/3319536/questions-grow-china-mourns-6-engineering-students-lost-mine-accident?utm_source=rss_feed Fri, 25 Jul 2025 04:00:27 +0000