
The press conference of the Ministry of Commerce proposed four measures to promote the coordinated development of time-honored brands and historical classic industries: improve supporting policies, play a demonstration role, improve dynamic evaluation systems, and establish monitoring and early warning mechanisms to promote innovation, inheritance and high-quality development.
AI-generated summary
The Ministry of Commerce has recognized three batches of a total of 1,450 Chinese time-honored brands, more than 40% of which are distributed in historical and classic industries such as silk tea, traditional Chinese medicine, and arts and crafts.
China News Service, September 7. The State Council Information Office held a press conference on September 7 to introduce the situation of promoting high-quality development of historical and classic industries. Zhang Xiang, head of the Circulation Industry Development Department of the Ministry of Commerce, said that time-honored brands are the "golden signs" nurtured in my country's industrial and commercial development and carry the profound and excellent traditional Chinese culture. The Ministry of Commerce has successively recognized three batches of a total of 1,450 Chinese time-honored brands, more than 40% of which are distributed in historical and classic industries such as silk tea, traditional Chinese medicine, and arts and crafts.
Zhang Xiang said that next, the Ministry of Commerce will focus on four aspects to promote the coordinated and high-quality development of time-honored brands and historical classic industries.
First, efforts should be made to improve support policies. The Ministry of Commerce will continue to guide various localities to implement policies and measures such as the "Opinions on Promoting the Innovative Development of Time-honored Brands", and introduce more measures focusing on the four aspects of protection, inheritance, innovation, and development, promote the strengthening of coordination and linkage between time-honored brands and cultural heritage, historical districts, and museums, develop more goods and services that contain traditional culture, are rich in fashion elements, and meet contemporary needs, create more consumption scenarios that the people "like to hear and see," and achieve "acceleration" of high-quality development through product updates, technological innovations, and model innovations.
Secondly, give full play to the role of demonstration. For a long time, time-honored brands have been widely welcomed by consumers and widely recognized by the market. Especially in the new era, time-honored brands have ushered in new development opportunities. The Ministry of Commerce will actively improve the evaluation indicators for the demonstration and establishment of Chinese time-honored brands, continuously optimize "threshold" indicators such as operating level, historical heritage, and brand reputation, and more prominently highlight "leading" indicators such as product quality, technological innovation, and cultural value, give full play to the demonstration and driving role of Chinese time-honored brands, and assist the high-quality development of historical and classic industries.
Third, improve the dynamic evaluation system. The fundamental "magic weapon" for time-honored brands to continue to thrive is to always adhere to the business philosophy of honest management, quality first, and courage to innovate. The Ministry of Commerce will actively support qualified brands related to historical and classic industries to apply for Chinese time-honored brands. At the same time, it will evaluate the Chinese time-honored brands that have been identified in the early stage, take relevant management measures for those with poor management and poor operation, and ensure the quality of the "gold-letter brands" through dynamic management of "in and out".
Finally, establish a monitoring and early warning mechanism. The Ministry of Commerce will establish and improve the monitoring and management mechanism for the innovative development of time-honored brands, strengthen tracking of the operating conditions of Chinese time-honored brands, work with relevant departments to continuously strengthen the interconnection of information such as enterprise registration, administrative penalties, and social credit, and rely on the strength of professional institutions to strengthen the analysis of the operating conditions and development trend predictions of Chinese time-honored brands, so as to provide strong support for the sustainable and healthy development of time-honored brands.

The 8th China Grain Trading Conference was held in Changsha, Hunan, focusing on grain harvesting, quality inspection and storage safety under extreme weather. Grain machinery companies and farmers in various regions have made every effort to reduce post-harvest autumn grain losses by installing crawler tracks, upgrading quality inspection big data platforms, and deploying mobile and whole-ear drying equipment in advance.

South Korea's current account surplus as a proportion of GDP has shrunk from falling behind Taiwan by 10.5 percentage points last year to only 3.4 percentage points this year due to strong and rapid growth in semiconductor exports. Many international investment banks have raised their forecasts for South Korea. Nomura, Goldman Sachs, Citigroup, etc. estimate that South Korea's share will reach more than 16%. JPMorgan Chase even predicts that South Korea will overtake Taiwan this year. South Korea's current account surplus reached US$233.09 billion from January to July. Semiconductor exports grew by 169.6% from January to August, accounting for 40.6% of total exports. The cumulative exports have exceeded last year's full-year record.

On September 6, the Bank of China GBIC Conference and the Global Fujian Business Cooperation Matchmaking Conference were held in Quanzhou. Wang Yongli, member of the Standing Committee of the Provincial Party Committee and Executive Vice Governor, attended and delivered a speech. The theme of the event is "Opportunities for Fujian Businessmen under the Global Development Initiative - The Four Seas Concentric, Fujian in the World" and aims to promote the integrated development of trade and investment. At the matchmaking meeting, global service policies for Fujian businessmen and "Entrepreneur Office" service plans were released, a global "Going Global Friendship Circle" service alliance was established, and roundtable meetings in Asia and Africa were held, attracting the participation of more than 100 Fujian business companies, and more than half of the customers reached overseas investment intentions on the spot.

Hanxiang held a contract exchange ceremony with Canadian aerospace group Bombardier today, officially signing a strategic cooperation agreement for the cockpit and forward fuselage structural components of the Challenger 3500 business jet, and obtaining a 20-year full-life contract. This marks an important step for Hanxiang's civil business and will become a major global supplier of this aircraft model.

SenseTime reported a net profit of 617.3 million yuan (US$92.0 million) for the first half of 2026, marking its first-ever first-half profit under IFRS since its 2021 Hong Kong listing. Revenue rose 23.4% year-on-year to 2.91 billion yuan, driven by generative AI contributing nearly 80% of sales and recurring revenue surging 124.4% to 1.14 billion yuan. Executives attributed the turnaround to a strategic pivot toward AI productivity tools and solo entrepreneurs, contrasting with loss-making peers MiniMax and Zhipu AI.

On September 7, the State Administration for Market Regulation announced the second batch of typical anti-monopoly review cases on concentration of undertakings, involving three cases in the ports, pharmaceuticals, and photovoltaic industries. It aims to improve the transparency of law enforcement, guide business entities to carry out investment and mergers in compliance with laws and regulations, help companies accurately understand the legal requirements for declaration, and improve the quality and efficiency of declaration.