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2026-07-24
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China’s auto market is suffering from severe product homogenization after automakers flooded the sector with more than 500 new models in the first half of 2026, reports Caixin citing an industry expert. The rapid proliferation of vehicles with similar functions has exacerbated a cutthroat price war and driven industry profit margins to historic lows, prompting regulators to […]
2026-07-24
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Hong Kong consumers are shopping more across the border in mainland China, drawn by lower prices and wider adoption of digital payments, reports the South China Morning Post citing data from payment giant UnionPay International. Offline UnionPay card spending in mainland China by Hong Kong residents rose nearly 30% year on year in the first half of […]
2026-07-24
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Mr Xi is going to Washington to meet with Mr Trump on September 24, it was just announced. Both leaders have a constant parade of foreign dignitaries who come visit, but these two are special. And the way they interact, in the context of the tricky US-China relationship, is the most extraordinary theater. Trump’s recent […]
2026-07-23
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China Vanke secured a RMB 519 million ($76.7 million) loan from its largest shareholder to cover impending obligations on two domestic bonds, reports Caixin. The move sees the property developer completing its initial round of extensions for all public debt maturing in 2026. Shenzhen Metro Group, Vanke’s largest shareholder, provided the three-year loan at an interest […]
2026-07-23
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Beijing is pushing back against the EU for imposing several fines ranging in the tens to hundreds of millions of Euros on Chinese e-commerce giants, including AliExpress, Temu and Shein in relation to failing to stop the sale of illegal and counterfeit goods on their platforms, among other things. China’s Ministry of Commerce accused the […]
2026-07-23
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International luxury car brands from Mercedes-Benz to Land Rover lost further ground in China in June, reports the South China Morning Post. This comes as wealthy consumers continued to shun expensive petrol-powered vehicles. According to data from the China Passenger Car Association (CPCA), luxury auto brands reported sales of 162,224 vehicles last month, down 29.5% from […]
2026-07-20
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China has launched a new international AI organization headquartered in Shanghai, bringing together 29 founding member countries in a push to shape global technology governance outside the United Nations system, reports Caixin. The World Artificial Intelligence Cooperation Organization (WAICO) was formally established Thursday during the 2026 World Artificial Intelligence Conference. Founding members include Russia, Kazakhstan, Pakistan, […]
2026-07-20
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The Chinese-made C919 passenger jet will make its first scheduled international flights in August, reports the South China Morning Post. The move marks a significant milestone for the country’s ambitions to become self-sufficient in aerospace. The narrowbody aircraft, operated by national carrier Air China, will start flying between Beijing and the Mongolian capital Ulaanbaatar on August 12, according to state […]
2026-07-17
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Chinese electric vehicle maker Xpeng expects to produce more than 1,000 humanoid robots a month by the end of 2026, reports the South China Morning Post. This comes as it competes with Tesla in a high-stakes race to dominate physical AI, the integration of intelligent software into robotics and machinery. The Guangzhou-based carmaker told the South China […]
2026-07-17
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Africa’s exports to China have surged since Beijing expanded its zero-tariff policy across the continent in May, reports the South China Morning Post. This comes as customs data showed signs of emerging trade links in a range of new sectors alongside traditional categories such as critical minerals. China’s imports from Africa soared by 21.1% and 40.2% […]
2026-07-13
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China has imposed an immediate temporary ban on helium exports to protect domestic supplies of the critical semiconductor material as global disruptions intensify, reports Caixin. The Ministry of Commerce and the General Administration of Customs announced the measure Friday, citing China’s foreign trade law. The ban is aimed at insulating the country’s high-tech manufacturing and medical […]
2026-07-13
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Struggling property developer China Vanke, one of the giants of the sector, has named a new board of directors, with all members coming from the state sector, in yet another clear sign that the only way out of the country’s property slump has been the nationalization of its core. The previous board structure had a […]
2026-07-10
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China’s monthly auto exports topped 1 million units for the first time in June, reports Caixin. This comes as automakers stepped up overseas shipments amid intensifying pressure at home. Exports jumped 75.1% from a year earlier to 1.04 million vehicles, according to data released Thursday by the China Association of Automobile Manufacturers. New-energy vehicles drove much […]
2026-07-10
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The European Commission has imposed anti-dumping duties on the import of tyres for cars and lighter trucks and buses from China, reports Reuters. The duties, which followed an investigation launched in November last year, vary from 4.3% to 45.3%. “Imports of passenger car and light lorry tyres from China were entering the EU at dumped prices. This is causing injury to […]
2026-07-09
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China’s “big four” state-run banks are the largest in the world in terms of asset scale, reports the South China Morning Post. This underscores Beijing’s rising ambitions to build the country into a global financial powerhouse. The ranking released by The Banker magazine on Wednesday was topped by the four Chinese banks–Industrial and Commercial Bank of China, China […]
2026-07-09
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A local government in China has been found to have falsified land sale deals to inflate fiscal revenues amid a five-year slump in the country’s property market, reports the South China Morning Post. The Communist Party’s Central Commission for Discipline Inspection (CCDI) said that in one case, a plot of land in Nanning, the capital of southern China’s Guangxi Zhuang […]
2026-07-08
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Chinese tech giant Meituan has open-sourced a 1.6-trillion-parameter AI model trained entirely on domestic chips, reports Caixin. The move marks an industry first for a system of its size. The LongCat-2.0 model, released Monday for free commercial use, was developed using a computing cluster of 50,000 Chinese-made processors. Local semiconductor firms, including Huawei Technologies, Moore Threads, […]
2026-07-08
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Chery Automobile has launched an overhaul of a manufacturing plant in Rosslyn, South Africa it acquired from Nissan Motor under a deal that was announced in January, reports Caixin. The company is targeting production in the facility by mid-2027 with an annual capacity of 50,000 vehicles. South Africa is reportedly considering raising its tariff rate on […]
2026-07-08
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China’s EV deliveries in June failed to match their year-on-year numbers for the sixth month in a row, reports the South China Morning Post. This comes even as carmakers offered promotions to attract budget-conscious consumers, exacerbating worries about Chinese EV firms’ profitability. A total of 1.04 million pure electric and plug-in hybrid cars were handed to customers […]
2026-07-08
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Chinese startup DeepSeek is developing its own AI chip, reports Reuters citing inside sources. The push could reduce the company’s reliance on Nvidia and Huawei chips, which it has depended on to train and run its globally popular models. The chip is designed for inference—the stage of AI computing in which a trained model generates responses for users—rather […]
2026-07-03
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Europe’s push to reduce its dependence on China is driving many of its companies deeper into Chinese supply chains, reports the South China Morning Post citing the head of the European Union Chamber of Commerce in China. “Europe is becoming more dependent on China, not less,” chamber president Jens Eskelund said, adding that for European firms, staying competitive increasingly […]
2026-07-03
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Beijing authorities said the pilot of a small plane that crashed into Beijing’s tallest building last week had long suffered from anxiety and discussed “ending his life” in his diary, reports the South China Morning Post. In a brief summary of an investigation, the Chaoyang district government said the pilot was a 66-year-old Beijing resident, identified only by […]
2026-07-03
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One of the core goals of China’s five-year plan just begun and an overall strategic economic direction is what is known as the low-altitude economy, and that means the use of all that space between the ground and the tops of buildings, and the altitude used by commercial aircraft. Drones have developed so far and […]
2026-07-03
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Unitree Robotics has won approval from China’s securities regulator for an initial public offering on Shanghai’s STAR Market, reports Caixin.  The move sees one of the country’s most prominent humanoid robot makers move closer to a public listing. The China Securities Regulatory Commission said on Thursday that it had received the Shanghai Stock Exchange’s review opinion and […]
2026-06-26
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Polestar said on Thursday the Trump administration was forcing the electric-vehicle maker to stop selling vehicles in the United States beginning in the 2027 model year, reports Reuters. This comes as Washington ramps up its crackdown on Chinese vehicles. The US Commerce Department did not grant Polestar authorization to sell cars under the Connected Vehicles Rule, which […]
2026-06-22
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China has added ten US companies it accuses of having connections to the US military to a blacklist, meaning Chinese companies are banned from exporting dual-use items to those on the list. China’s Commerce Ministry said this move is in direct response to the US adding tech companies such as BYD, Baidu and Alibaba to […]
2026-06-15
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Chinese authorities have summoned representatives of US-based membership-only retailer Sam’s Club for a “formal accountability interview” in response to “frequent food safety issues”, reports the South China Morning Post. According to a notice from the State Administration for Market Regulation (SAMR), the Walmart-owned supermarket chain was urged to “prioritize food safety, strictly fulfil social corporate responsibilities, […]
2026-06-15
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Chinese technology company ByteDance is in talks with Shanghai-based Iluvatar CoreX to purchase AI chips for inference work and is also considering a similar deal with Baidu, reports Reuters citing two sources familiar with the matter. If a deal is agreed, Iluvatar CoreX would become ByteDance’s third major domestic supplier of graphics processing units (GPUs) after Huawei […]
2026-06-15
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China has undertaken a massive overhaul of its university system since 2021, ditching around a third of all courses—mostly from the arts, humanities and languages, and replacing them with tech and AI-focused majors. As China moves towards an AI-led future, the stated goal is to give its students the skills needed to find employment in […]
2026-06-12
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Chinese steelmaker Hebei Jingye has initiated consultation procedures with the UK government under a bilateral investment treaty, seeking compensation for losses after the state takeover of British Steel, reports Caixin. Jingye acquired British Steel in March 2020 for about £53 million (nearly $70 million), gaining control of a company with an annual crude steel production capacity […]