Beijing Post

China’s Kimi Launches AI-Focused Credit Card With Agricultural Bank of China and American Express

The July launch links credit-card spending and rewards to Kimi memberships and AI computing benefits, although some claims about conversational banking functions go beyond what the companies’ official materials currently confirm.

Xinjiang Reports Forty-Five Percent Rise in Foreign Visitors as Payment Systems Improve

Xinjiang recorded a forty-five percent increase in foreign visitors in the first half of the year, with more than one hundred and eighty thousand overseas travelers using streamlined mobile payment services as authorities promote easier ...

China Imposes Provisional Tariffs of Up to Fifty-Four Percent on North American Pecans

China has ordered provisional deposit duties of up to fifty-four percent on pecan imports from the United States and Mexico, citing harm to domestic producers and adding another trade dispute to tensions with North America.

Tencent Music Integrates Audio Platforms to Counter ByteDance Competition

Tencent Music is integrating more closely with its parent company's ecosystem and the newly acquired Ximalaya platform as it seeks to defend its position in China's increasingly competitive digital audio and streaming market.

China’s High-Tech Exports Jump More Than Fifty Percent in July

Chinese exports of advanced technology and manufacturing goods rose more than fifty percent year on year in July, according to customs data, as foreign institutions increased their exposure to Chinese artificial intelligence and robotics...

ChangXin Memory Market Value Surges Past Three Trillion Yuan After Shanghai Listing

Chinese memory-chip maker ChangXin Memory Technologies has been added to the MSCI China All Shares Index after its Shanghai STAR Market debut pushed its market capitalization above three trillion yuan.

Hong Kong Launches First Regulated Stablecoin for Corporate and Professional Users

A consortium led by Standard Chartered has launched the HKDAP stablecoin for corporate clients and professional investors, advancing Hong Kong’s push to develop regulated digital assets within the territory’s distinct financial framework.

China Tightens Entry, Exit and Immigration Rules From September

China’s State Council has announced stricter rules covering entry and exit procedures, travel applications and immigration-related intermediary services, with the new measures scheduled to take effect in mid-September.

Chinese AI Startup Manus Buys Back Meta Stake as Tencent Becomes Lead Backer

Artificial intelligence agent developer Manus is buying back Meta’s stake for two billion US dollars following regulatory intervention, with Tencent providing financing as Manus continues operating independently.

Yangtze Memory Overtakes Kioxia to Become World’s Third-Largest NAND Flash Supplier

Chinese memory-chip maker Yangtze Memory Technologies Corporation has moved ahead of Japan’s Kioxia in global NAND flash shipments, strengthening China’s position in memory semiconductors as artificial intelligence demand drives the market.

China’s Central Bank Refines Short-Term Rate Framework to Improve Policy Transmission

The People’s Bank of China is placing greater emphasis on overnight rates within its monetary framework while maintaining ample liquidity, as policymakers seek to improve how changes in short-term rates feed through to the wider economy.

Deutsche Bank Wins Approval for First Foreign-Led Yuan Clearing Operation in Europe

The People’s Bank of China has authorized Deutsche Bank to process yuan payments from Frankfurt, marking the first time a foreign institution has been granted yuan clearing authority in the European market.

Former Chinese Premier Zhu Rongji Dies at 98

Former Chinese Premier Zhu Rongji, a leading economic reformer who helped steer China through the Asian financial crisis and oversaw its entry into the World Trade Organization, has died at 98.

Alibaba Cloud Cuts AI Data Center Deployment Time to One Hundred Days as Enterprise Demand Rises

Alibaba Cloud has shortened turnkey deployment timelines for large artificial intelligence data centers to one hundred days while opening its Qwen model platform to external developers, as Chinese cloud providers move to meet growing ent...

Chinese Property Developers Shift Toward Asset-Light Models as Housing Market Consolidates

Major Chinese property companies including Midea Real Estate are moving away from debt-funded residential land acquisitions toward commercial asset management and property services, seeking more stable cash flow as the housing market und...

China Warns Pacific Islands Forum Against Taiwan Participation at Palau Summit

China’s Foreign Ministry has urged the Pacific Islands Forum to uphold the one-China principle after Taiwan was announced as a participant at an upcoming leaders summit in Palau, warning that regional diplomatic relations could be affected.

Chinese GPU Developer Moore Threads Prepares Hong Kong IPO to Fund AI Expansion

Moore Threads has begun preparations for a Hong Kong stock market listing as the domestic graphics processor developer seeks offshore capital to advance chip design and expand artificial intelligence computing clusters with major cloud p...

China Imposes Provisional Anti-Dumping Deposits on Selected Agricultural Imports

China’s Ministry of Commerce has introduced provisional anti-dumping cash deposit requirements on selected agricultural imports from North America following preliminary trade investigations, seeking to protect domestic agricultural marke...

Chinese Chipmakers Poised to Capture Up to Ninety Percent of Domestic AI Server Market

Chinese semiconductor designers led by Huawei Technologies are projected to take as much as ninety percent of the domestic artificial intelligence server market this year as local chip production rises more than eighty percent year on ye...

China Directs Electric Vertical Aircraft Developers Toward Cargo Operations Before Passenger Flights

China’s transport and aviation regulators are directing developers of electric vertical takeoff aircraft to prioritize freight and logistics applications, with passenger services to follow only after strict safety standards and supportin...

Chinese Biopharma Developer BeOne Medicines Expands Cancer Drug Partnership Across Asia

BeOne Medicines has signed an exclusive regional licensing agreement with United States-based Revolution Medicines to develop and commercialize four targeted cancer therapies across China and major Asian markets covering two billion peop...

China’s Power Battery Exports Surge as Global Energy Storage Demand Grows

China’s power battery exports rose forty-two point five percent to more than one hundred eighty-one gigawatt-hours in the first seven months of the year, with strong global demand for utility-scale energy storage helping offset a more me...

China Tightens Social Security Enforcement, Raising Payroll Costs for Domestic Employers

Chinese authorities are intensifying enforcement requiring employers to calculate social security contributions from actual wages rather than minimum contribution thresholds, strengthening pension and unemployment funds while increasing ...

Typhoon Dolphin Remnants Bring Heavy Rain and Flood Preparations to Beijing and Northern China

The remnants of Typhoon Dolphin have triggered severe weather warnings across more than ten provincial regions, prompting Beijing to activate a Level Two flood-control response as forecasts call for more than one hundred and fifty millim...

Unitree Humanoid Robot IPO Draws Heavy Mainland Investor Demand

Humanoid robot maker Unitree is set to become China’s first publicly listed humanoid robotics manufacturer, with its Shanghai STAR Market offering expected to raise about six point one billion yuan and attract intense retail demand despi...

China’s Four-Hundred-Kilometer-Per-Hour Bullet Train Completes Prototype Testing

China’s latest high-speed train prototype has completed testing ahead of final regulatory inspection and commercial certification, marking a further step toward passenger services at cruising speeds of four hundred kilometers per hour.

China’s High-Tech Exports Jump More Than Fifty Percent in July as Foreign Investors Favor Advanced Manufacturing

China’s high-tech exports rose more than fifty percent year on year in July, far outpacing overall export growth of seventeen point eight percent, while institutions including Nomura and Morgan Stanley reported stronger confidence in the...

Beijing Eases Home Purchase Rules for Non-Local Families in Central Districts

Beijing has lowered social insurance and income-tax requirements for non-local families buying homes in central districts and raised housing provident fund borrowing limits for eligible households, extending efforts to support the proper...

China Tightens Social Security Enforcement, Raising Labor Costs for Companies and Cutting Take-Home Pay

A nationwide campaign requiring employers to calculate social security and pension contributions from actual wages rather than lower baseline amounts is increasing labor costs for businesses while reducing the net income of some workers,...

Moore Threads Plans Hong Kong Listing to Fund AI Chip Expansion

Shanghai-listed graphics processing unit developer Moore Threads plans to pursue a dual listing in Hong Kong after reporting strong first-half revenue, seeking additional capital to expand its artificial intelligence chip business and co...

Chinese Chipmakers Seen Taking Ninety Percent of Domestic AI Chip Market by Year-End

TrendForce projects Huawei and other Chinese semiconductor companies will capture ninety percent of the country’s high-end artificial intelligence chip market in 2026 as local production and advanced packaging expand while United States ...

Alibaba Opens Qwen AI Platform to Outside Developers as It Expands Consumer Ambitions

Alibaba has opened its Qwen artificial intelligence platform to third-party developers, allowing companies to integrate Qwen-powered agents into smartphones, personal computers and smart glasses as the group seeks to expand the model acr...

China’s Consumer and Producer Prices Fall Short of Forecasts as Domestic Demand Remains Weak

China’s consumer and producer price measures cooled faster than expected in July, underscoring the gap between strong industrial supply and weak household consumption as policymakers seek to support economic recovery in the second half o...

China’s Central Bank Sets Five-Year Plan to Expand Financial Opening and Global Yuan Use

The People’s Bank of China has outlined a 2026-to-2030 reform plan focused on expanding the renminbi’s use in international trade and investment, upgrading the Cross-Border Interbank Payment System, strengthening Shanghai and Hong Kong a...

Hainan Builds Semiconductor Supply Chain as More Than 40 Companies Establish Operations

Hainan has attracted more than 40 semiconductor companies spanning chip design, packaging, end-product manufacturing and bonded remanufacturing, creating an initial four-stage industrial chain as domestic demand for chips increases.

Beijing Eases Central-District Homebuying Rules to Support Property Market

Beijing has lowered social insurance and income-tax requirements for non-local families buying homes in central districts and raised housing provident fund loan limits for eligible households as authorities seek to revive demand in the c...

Former State-Owned Machinery Executive Sentenced to 15 Years for Bribery

Lu Wenjun has been sentenced to 15 years in prison for accepting nearly 68 million yuan in bribes over two decades and fined 5 million yuan, underscoring the continued anti-corruption drive targeting senior executives at state-owned indu...

Unitree Robotics Draws Strong Retail Investor Interest Ahead of Shanghai Listing

Chinese robotics company Unitree is attracting intense investor attention ahead of its planned Shanghai debut, reflecting growing capital flows into advanced automation and embodied artificial intelligence.

Chinese State-Owned Tourism Firms Face Losses Despite Strong Domestic Travel Demand

Major state-backed tourism companies are reporting deeper financial losses even as domestic passenger volumes rise, highlighting a shift toward cheaper, budget-conscious travel that is limiting revenue growth across the sector.

China Tightens Social Security Enforcement, Raising Payroll Costs for Businesses

Tax and regulatory authorities are requiring companies to calculate social security contributions using actual wages rather than lower contribution bases, strengthening state insurance funds while increasing labor costs for businesses al...

China’s Cambricon Raises $560 Million as Beijing Pushes for Domestic AI Chips

Artificial intelligence chipmaker Cambricon has secured $560 million in fresh funding as China accelerates efforts to build a self-sufficient semiconductor industry amid U.S. export controls, despite slower growth and challenges in scali...

China Imposes Provisional Anti-Dumping Tariffs of Up to 54.3 Percent on U.S. and Mexican Pecans

China will impose provisional duties on pecan imports from the United States and Mexico from August 11 following preliminary findings of dumping, adding another targeted trade measure amid continuing commercial tensions.

China Targets Hong Kong Insurance Policies in Expanded Crackdown on Offshore Capital

Tax authorities in Beijing and Hangzhou have begun applying a 20 percent personal income tax to returns from offshore insurance policies, intensifying efforts to close cross-border investment loopholes and contributing to sharp falls in ...

China’s Central Bank Reaffirms Support for Local Government Debt Restructuring

The People’s Bank of China pledged continued financial support for local government financing vehicles while encouraging their market-oriented transformation, as Beijing seeks to contain debt risks and support the economy through acceler...

Typhoon Dolphin Disrupts Flights and Supply Chains Across Eastern China

Authorities evacuated hundreds of thousands of people and canceled more than 1,000 flights across Shanghai, Zhejiang and Jiangsu as Typhoon Dolphin brought torrential rain and flooding to major manufacturing and commercial centers.