Briefly

China to raise gasoline and diesel prices

China will raise the retail prices of gasoline and diesel from July 18, based on recent changes in international crude oil prices. Under the adjustment, gasoline and diesel prices will increase by 300 yuan ($44.16) and 290 yuan per metric ton, respectively, according to the National Development and Reform Commission. The latest pricing cycle was marked by volatile gains in international crude oil prices amid renewed tensions in the Middle East, pushing the average crude price over the 10 working days preceding the adjustment above that of the previous pricing cycle.

Railway fixed-asset investment up in H1

China's railway construction maintained steady momentum in the first half of 2026, with significant progress made on a number of key projects, marking a strong start to the country's railway development during the 15th Five-Year Plan (2026-30) period, the national railway operator said on Friday. Fixed-asset investment in the railway sector totaled 363.2 billion yuan ($53.46 billion) in the first six months of the year, up 2.1 percent year-on-year, according to China State Railway Group Co Ltd.

XINHUA — CHINA DAILY