Beijing Post

China’s Summer Tourism Shift Reflects Growing Demand for Lower-Cost Domestic Travel

Chinese travellers are increasingly favouring budget-conscious, small-group and county-level trips as weaker-than-expected summer tourism data points to more cautious household spending.

China Deepens Diplomatic Engagement With Pacific Island Nations at Palau Forum

Chinese special envoy Qian Bo used the Pacific Islands Forum in Koror to promote closer strategic ties with regional governments as Beijing continues expanding its diplomatic and economic presence across the Pacific.

China’s Caixin Manufacturing PMI Rises to 51.5 as Export Orders Strengthen

The Caixin manufacturing index climbed to 51.5 in August, remaining in expansion territory for a ninth consecutive month as new export orders grew at their fastest pace in six months despite continuing weakness in the domestic economy.

China’s $10.8 Billion Pinglu Canal Nears Opening After Successful Trial Navigation

Trial vessels have passed through the locks of the Pinglu Canal in Guangxi, bringing the $10.8 billion waterway closer to operation and opening a faster maritime route for inland Chinese manufacturers trading with Southeast Asia.

China Overhauls Property Financing by Withholding Mortgages Until Projects Are Completed

Chinese regulators will withhold mortgages for presold homes until construction is finished, dismantling a core part of the traditional pre-sale model while extending maximum personal mortgage terms from 30 to 40 years to support afforda...

People’s Bank of China Sets Five-Year Plan to Expand Global Use of the Renminbi

China’s central bank outlined a 2026-2030 strategy to increase use of the renminbi in international trade and finance, strengthen the Cross-Border Interbank Payment System and expand offshore renminbi markets while tightening financial r...

China Expands Amphibious and Space-Based Military Capabilities for Potential Taiwan Operations

The People’s Liberation Army is accelerating development of Type 076 amphibious assault ships, landing vessels and low-Earth orbit satellite networks designed to support communications and navigation during high-intensity military operat...

China Rejects Vietnam’s Protest Over New Construction in Disputed Paracel Islands

Beijing rejected Vietnamese objections to new infrastructure activity in the Paracel Islands and reiterated its sovereignty claims as tensions persist over competing territorial interests in the South China Sea.

Galactic Energy Completes PALLAS-1 Reusable Rocket Test Flight

Chinese commercial launch company Galactic Energy successfully tested its PALLAS-1 reusable rocket, advancing efforts to develop lower-cost launch technology for satellite deployments.

Chinese Scientists Identify Genes Enabling Asian-African Rice Crossbreeding

Researchers identified three genes linked to reproductive barriers between Asian and African rice varieties, opening a potential path to new crossbreeding methods aimed at improving crop yields and resilience.

China Expands QDII Quotas to Increase Access to Overseas Investments

China’s foreign-exchange regulator has increased Qualified Domestic Institutional Investor allocations to expand the supply of regulated offshore investment products and channel cross-border capital through approved institutions.

AMEC Launches Six New Chip-Making Machines as China Pushes Semiconductor Self-Reliance

Advanced Micro-Fabrication Equipment has introduced six semiconductor manufacturing machines as Chinese suppliers accelerate development of domestic equipment amid tighter Western export controls.

BYD Reports $1.2 Billion Quarterly Profit Amid Intense Chinese Auto Price Competition

BYD posted a quarterly profit of $1.2 billion as the automaker adjusts its product mix toward hybrid models to protect margins amid domestic price competition and rising overseas tariff barriers.

China’s Solar Capacity Reaches 31.5% of Installed Power, Driving Grid Investment

Solar generation capacity now accounts for 31.5% of China’s installed power capacity, increasing pressure for investment in electricity grids and energy storage to accommodate intermittent renewable generation.

China’s Caixin Manufacturing PMI Slows to 50.9 as Domestic Demand Weakens

China’s Caixin manufacturing purchasing managers’ index fell from 51.7 to 50.9, signaling slower factory expansion as subdued domestic demand continues to weigh on the industrial recovery.

China Fast-Tracks Brain-Computer Interface Approvals to Support Domestic Neurotechnology Firms

Chinese regulators have accelerated approvals for locally developed brain-computer interface products as domestic startups seek to expand in the emerging neurotechnology market.

Tencent Unveils Hy4 Open-Source AI Model as Competition With Alibaba and DeepSeek Intensifies

Tencent previewed its Hy4 large language model after it scored 64.3 on the DeepSWE benchmark, outperforming rival architectures from Alibaba and DeepSeek in the cited assessment.

China and Nepal Continue Rescue Operations After Himalayan Flash Floods

Chinese and Nepalese emergency teams are carrying out search and recovery operations after glacial floods and mudslides damaged communities and infrastructure along the Himalayan border in Xizang.

Beijing Court Sentences American Journalist to Two Years in Prison for Espionage

Thomas Weir Pauken II, an American citizen who previously worked for Chinese state media, was sentenced to two years in prison after pleading guilty to espionage.

China’s Military Drills Shift Toward Blockade and Route-Control Scenarios Around Taiwan

Chinese military exercises are increasingly focusing on cutting Taiwan’s air and sea logistics routes rather than amphibious assault scenarios, signaling greater emphasis on blockade and isolation capabilities.

Li Qiang Pledges Fair Treatment for Foreign Companies in Meeting With U.S. Business Group

Chinese Premier Li Qiang told the US-China Business Council in Beijing that China would address reasonable concerns raised by foreign companies and called on Washington to implement bilateral economic and trade agreements.

Momenta Plans Mass Production of Level 3 Autonomous Driving Systems by 2027

Chinese autonomous-driving company Momenta plans to begin mass production of Level 3 systems by 2027 and is considering a subscription model as domestic regulations adapt to more advanced vehicle automation.

China’s State Pension Reserve Posts 13.2% Return, Best in Five Years

China’s National Social Security Fund recorded a 13.2% investment return last year, its strongest performance in five years, strengthening reserves as the country confronts an aging population.

Huawei Profit Falls as Research and Development Spending Reaches Record Levels

Huawei reported a sharp decline in profitability as the technology group increased research and development spending to address U.S. technology restrictions and expand its intelligent vehicle partnerships.

Shein Raises Up to $1.8 Billion in Hong Kong IPO at $27 Billion Valuation

Fast-fashion retailer Shein made a subdued Hong Kong market debut at a valuation of about $27 billion, well below earlier expectations as the company faces regulatory scrutiny and supply-chain concerns.

China Sends Additional Humanitarian Aid to Nepal After Glacier Collapse

China has dispatched a second batch of emergency supplies and technical specialists to Nepal aboard a Y-20 military transport aircraft following the deadly glacier collapse and mudslide on the Chhochen Khola River.

China Ends Longstanding Dividend Tax Exemption for Foreign Investors

Beijing has abolished a tax exemption on dividends for foreign investors that had been in place since 1994, changing the treatment of overseas capital even as officials continue efforts to attract foreign investment.

Xi Jinping Travels From SCO Summit in Kyrgyzstan to State Visit in Egypt

Chinese President Xi Jinping concluded his participation in the Shanghai Cooperation Organization summit in Kyrgyzstan before traveling to Cairo, using the diplomatic tour to advance Belt and Road ties across Central Asia and the Middle ...

China Manufacturing PMI Rises to 49.8 as Factory Contraction Eases

China’s official manufacturing purchasing managers’ index rose to 49.8 in August as production and new orders stabilized, although the reading remained below the 50-point threshold separating expansion from contraction.

Chinese AI Chipmakers Gain Market Share as U.S. Export Controls Restrict Foreign Rivals

Domestic semiconductor companies are increasing sales of Chinese-made artificial intelligence processors as U.S. technology restrictions reduce access to competing foreign chips.

China Cuts Hidden Local Government Debt by Half in Two Years, Caixin Reports

China has reduced off-balance-sheet local government debt by 50% over the past two years, according to Caixin, easing a major source of financial pressure on provincial and municipal authorities.

China Overhauls Property Credit Rules in Shift Away From Presale Financing

Chinese regulators are rewriting property financing rules to reduce reliance on the debt-heavy presale model, part of a broader effort to stabilize the housing market and limit risks tied to shadow banking.

China Tightens Immigration and Visa Rules Under New September Regulations

New Chinese regulations taking effect in September strengthen oversight of immigration services, expand verification requirements for foreign nationals and increase penalties for fraudulent visa applications.

Momenta Plans Mass Production of Level 3 Autonomous Vehicles Under New China Rules

Chinese autonomous-driving company Momenta is preparing to mass-produce Level 3 vehicles after approval of new national safety standards, pairing the technology with a subscription-based revenue model.

Senior Jiangsu Official Liu Jianyang Placed Under Anti-Corruption Investigation

Liu Jianyang, a senior official in Jiangsu province, is under investigation by China’s top anti-graft watchdog, becoming the 48th senior cadre caught up in the campaign this year.

China’s Big Three State Airlines Post 8.2 Billion Yuan First-Half Loss

China’s three largest state-owned airlines reported combined first-half losses of 8.2 billion yuan despite recovering passenger traffic, pressured by higher fuel costs and competition from the country’s expanding high-speed rail network.

China’s State Capital Budget Revenue Jumps 40% as SOEs Increase Treasury Payments

Central government capital budget revenue rose sharply after state-owned companies were required to transfer more profits to the treasury, providing additional fiscal support as local land-sale revenues decline.

Chinese AI Developer Zhipu Reports 400% Revenue Growth

Large-language-model developer Zhipu reported a 400% increase in revenue as adoption of its artificial intelligence services expanded across domestic enterprise cloud platforms.

China Promotes First Official Born in the 1980s to Vice-Ministerial Rank

Du Shangze, a 44-year-old political journalist, has been appointed deputy editor-in-chief of the People’s Daily, marking a notable generational milestone in China’s senior cadre promotion system.

Huawei Profit Falls as Record R&D Spending Supports Domestic Chip Development

Huawei reported a sharp decline in profitability as it increased spending on artificial intelligence chips and alternative supply chains, highlighting the financial cost of reducing reliance on technology restricted by US export controls.

China Says Hidden Local Government Debt Has Fallen 50% in Two Years

China’s Finance Ministry said off-balance-sheet borrowing by local governments has been cut by half over the past two years as Beijing presses ahead with deleveraging despite weaker regional infrastructure spending.