Beijing Post

Foreign Beauty Brands Regain Market Share in China as Domestic Rivals Lose Ground

International cosmetics companies are recovering share in China as more cautious consumers shift toward established global brands, putting pressure on domestic competitors that had expanded rapidly in recent years.

Chinese Industrial Profits Rise on AI and Technology Exports Despite Weak Domestic Demand

China’s industrial profits have strengthened on high-value technology exports and artificial intelligence manufacturing, while analysts warn that subdued consumption is leaving the recovery heavily dependent on external demand.

Hong Kong Launches AI Strategy and Completes First Passenger Drone Test Flight

Hong Kong introduced an artificial intelligence and industry development strategy while also carrying out its first test flight of an electric vertical take-off and landing passenger aircraft.

China’s Autonomous Driving Sector Moves Into Commercial Deployment

Chinese autonomous-driving companies are expanding robotaxi fleets and autonomous logistics operations as the industry moves from regulatory trials into broader commercial competition.

China’s Graduate Job Market Shifts Toward Grassroots Roles as Government Hiring Contracts

Millions of recent university graduates are increasingly taking lower-tier administrative and grassroots positions as reduced civil-service recruitment and cautious private-sector hiring narrow employment options.

Glacier Collapse Triggers Deadly Flooding Along China-Nepal Border

A major ice collapse near Tibet and Nepal caused destructive flash floods and severe infrastructure damage, prompting emergency operations across the mountainous border region.

China and Jordan Deepen Cooperation on Gaza, Energy and Infrastructure

President Xi Jinping and Jordan’s King Abdullah II held talks in Beijing covering the Gaza conflict, a two-state solution and Strait of Hormuz security, alongside new bilateral agreements in technology, energy and infrastructure.

Xi Jinping to Visit Egypt as China and Egypt Hold Joint Air Force Exercises

Chinese President Xi Jinping is scheduled to visit Cairo for the 70th anniversary of diplomatic relations as China and Egypt deepen ties in defense, infrastructure and currency cooperation alongside joint military exercises.

China’s Provincial Governments Fail to Cover First-Half Spending as Fiscal Pressure Deepens

All 31 provincial-level regions in China recorded revenues below expenditures in the first half of 2026, with an average fiscal self-sufficiency rate of 56.3% as property weakness and softer consumption strain local finances.

Chinese Chipmakers Capture Nearly 90% of Domestic High-End AI Semiconductor Market

Domestic suppliers led by Huawei are projected to account for nearly 90% of China’s advanced artificial intelligence chip sales by the end of 2026 as local technology increasingly replaces foreign products.

China’s Central Bank Unveils 2026-2030 Plan for Financial Opening and Risk Management

The People’s Bank of China outlined a five-year reform agenda covering cross-border payments, offshore renminbi markets, monetary policy tools, financial risk controls and expanded digital and green financing.

China’s Central Bank Buys 20 Tonnes of Gold in July as Reserve Diversification Continues

The People’s Bank of China purchased 20 tonnes of gold in July, its largest monthly acquisition since late 2023, bringing net purchases during the first seven months of 2026 to nearly 60 tonnes.

Chinese Municipalities Turn More Heavily to Fines as Land-Sale Revenue Falls

Cash-strapped local governments are increasingly relying on administrative penalties to raise revenue as the collapse in land sales leaves large holes in municipal finances.

Tencent Launches Upgraded AI Model as Competition Intensifies in China

Tencent has released an expanded version of its proprietary large language model as the Shenzhen-based technology group seeks to narrow the performance gap with leading artificial intelligence systems.

China Investigates Jiangxi Governor Ye Jianchun in Latest Anti-Corruption Probe

China’s anti-graft watchdog has opened an investigation into Jiangxi Governor Ye Jianchun, making him the 47th senior cadre targeted this year in the continuing nationwide corruption campaign.

Former Hubei Party Chief Sentenced to Life in $111 Million Corruption Case

A Chinese court has sentenced a former Hubei provincial party chief and former senior banking official to life imprisonment without parole after a corruption conviction involving $111 million.

Chinese Auto-Parts Maker Apologizes After Abrupt Graduate Layoffs Spark Backlash

Changzhou Xingyu Automotive Lighting Systems has apologized and offered financial payouts after abruptly dismissing newly hired university graduates, drawing attention to employment pressures facing young Chinese workers.

China’s Central Bank Reviews Risks From AI Agents Making Financial Transactions

The People’s Bank of China has begun examining security and financial risks linked to autonomous artificial intelligence agents carrying out transactions, as regulators consider safeguards for emerging payment technologies.

China Prioritizes Humanoid Robotics and Quantum Technology in New Industrial Push

China’s industry ministry and state planners are directing subsidies and provincial procurement support toward humanoid robotics, embodied artificial intelligence and advanced telecommunications technologies.

Chinese Tech Companies Expand AI Data Center Investment Across Southeast Asia

Major Chinese cloud and technology companies are investing in hyperscale artificial intelligence infrastructure across Southeast Asia as they seek new digital markets and alternatives to markets constrained by geopolitical trade restrict...

China Vanke Reports Wider First-Half Losses as Property Slump Persists

State-backed developer China Vanke has reported mounting first-half losses as weak home sales and continued debt pressures underscore the strains still facing China’s property sector.

Himalayan Mudslide Leaves Hundreds Missing at Nepal-China Border Crossing

An avalanche and mudslide at the Gyirong border crossing in China’s Xizang Autonomous Region has killed at least 16 people and left more than 500 unaccounted for, including 261 foreign nationals, prompting a major rescue operation.

China’s Semiconductor Output Rises More Than 23% as Domestic Production Expands

Chinese integrated-circuit production increased by more than 23% while research spending rose 13% in the first half, reflecting a continued push to expand domestic semiconductor capacity amid restrictions on imported technology.

China Urges US to Remove Trade and Technology Obstacles Ahead of High-Level Talks

Chinese Foreign Minister Wang Yi has called on Washington to change policies Beijing regards as hostile on technology and trade ahead of expected high-level discussions between the world’s two largest economies.

Xi Jinping Arrives in Kyrgyzstan for Shanghai Cooperation Organization Summit

Chinese President Xi Jinping has arrived in Bishkek for regional security and economic talks at the Shanghai Cooperation Organization summit, followed by planned state visits aimed at deepening China’s ties across Central Asia and the Gl...

China Removes Senior Commanders Zhang Youxia and Liu Zhenli From Military Leadership

China has removed Zhang Youxia and Liu Zhenli from the Central Military Commission months after both senior commanders were placed under investigation for suspected serious disciplinary and legal violations.

China Overhauls Property Credit Rules to Reduce Reliance on Home Presales

Chinese financial regulators are raising thresholds for new-home presales and changing credit rules as they seek to curb developer leverage and strengthen protections for buyers during the prolonged property downturn.

Former Hubei Party Chief Jiang Chaoliang Sentenced to Life for Corruption

Former Hubei provincial party chief Jiang Chaoliang has been sentenced to life in prison after a two-year death-penalty reprieve over convictions involving $111 million in illicit bribes.

Chinese Local Governments Cut Civil-Service Hiring as Budget Pressures Mount

Municipal and provincial authorities are reducing entry-level public-sector positions as strained budgets leave university graduates competing for fewer government jobs and increasingly turning to rural assistance and gig-economy work.

Decline in Chinese Medical Insurance Enrollment Prompts Calls for Greater Subsidies

Public-health experts are calling for increased government support for elderly and low-income rural residents after seven consecutive years of declining participation in basic resident medical insurance.

Nepal-Tibet Mudslide Buries Gyirong Border Crossing and Disrupts Trade

An avalanche and mudslide have buried infrastructure at the Gyirong crossing between Tibet and Nepal, severing an important Himalayan trade route and prompting an emergency directive from President Xi Jinping to strengthen glacial monito...

Chinese Enterprise AI Usage Tops 500 Trillion Tokens a Day

Daily artificial intelligence token usage among Chinese enterprises has surpassed 500 trillion as Alibaba, Huawei, Baidu and Tencent compete for demand from companies deploying AI agents across their operations.

Chinese Biotech Startups Use AI to Develop New Gene-Editing Tools

Chinese life-sciences companies are using machine-learning models to design proprietary DNA-editing technologies as they seek alternatives to gene-editing systems involved in costly US patent disputes.

China Tightens Standards for Electric-Vehicle Battery Health Displays

New recommended national standards limit errors in dashboard battery-health readings to 5%, seeking to improve transparency for electric-vehicle owners and establish more consistent benchmarks for aging batteries.

China Completes Preparations for 2026 International Fair for Trade in Services

China’s Ministry of Commerce says preparations are complete for the Beijing trade-in-services fair, which will focus on artificial intelligence, digital healthcare and support for Chinese companies expanding overseas.

China and US Discuss Preparations for Xi Jinping Visit to Washington

Foreign Minister Wang Yi met US Ambassador David Perdue in Beijing as Chinese officials worked to resolve obstacles to high-level exchanges and prepare for a reciprocal visit by President Xi Jinping to Washington during the September Uni...

China Removes Two Senior Generals From Central Military Commission

China’s National People’s Congress has removed General Zhang Youxia, vice-chairman of the Central Military Commission, and General Liu Zhenli following investigations into disciplinary violations, marking a major shake-up at the top of t...

Chinese Semiconductor Profits Surge 18.5-Fold as AI Demand Accelerates

China’s National Bureau of Statistics says profits across the domestic integrated-circuit industry increased 18.5-fold during the first seven months of the year, driven by rising computing demand and wider deployment of generative artifi...

Foreign Investors Sell Beijing and Shanghai Commercial Property at Steep Discounts

Overseas institutional investors are accelerating sales of commercial real estate in China's two largest cities at significant markdowns as fund maturities and debt pressures contribute to falling valuations.

Chinese Biotech Firms Use AI to Develop Proprietary Gene-Editing Tools

Chinese biotechnology startups are using artificial intelligence to design new DNA-editing systems as they seek proprietary alternatives to CRISPR-Cas9 and domestically controlled intellectual property for advanced biomedical research.

China's Knowledge-Intensive Services Exports Rise 12.8% in First Half

Knowledge-intensive services exports increased 12.8% and accounted for more than half of China's services trade in the first six months of the year, as Beijing prepares to promote sectors including digital healthcare and financial techno...

Chinese Astronauts Complete 5.5-Hour Repair Spacewalk Outside Tiangong

Astronauts Zhu Yangzhu and Zhang Zhiyuan completed a 5.5-hour spacewalk to repair a solar wing on China's Tiangong space station, restoring stable power for ongoing scientific experiments in orbit.

China and Poland Agree to Deepen Battery, Wind Power and Rail Cooperation

Chinese and Polish officials have agreed to expand investment and cooperation in power batteries, offshore wind and China-Europe freight trains following bilateral economic talks in Beijing.

Chinese Local Governments Cut Public-Sector Hiring Amid Fiscal Pressure

Financially constrained municipal governments are reducing recruitment for civil service and rural assistance programs, narrowing employment opportunities for university graduates already facing a difficult youth labour market.

China Launches Yearlong Safety Review of Auto Industry and Driver-Assistance Systems

Four Chinese government agencies have begun a joint inspection campaign covering vehicle safety, advanced driver-assistance systems and production standards amid regulatory concerns over rapid innovation and cost-cutting in the highly co...