Beijing Post

China Tightens Oversight of Local Investment Incentives to Address Overcapacity Risks

Regulators are increasing scrutiny of local government investment promotion practices as part of efforts to curb excessive competition, overcapacity and price wars in mature industries. Authorities say the policy shift is intended to enc...

Gaotu Techedu Posts Double-Digit Revenue Growth Amid Artificial Intelligence Expansion

Education technology company Gaotu Techedu reported first-quarter revenue of 1.689 billion yuan, up 13.2% from a year earlier, as it continued its transition toward Artificial Intelligence-powered lifelong learning services. Net income f...

China Accelerates Artificial Intelligence Adoption Through Nationwide “AI Plus” Initiative

Chinese policymakers are expanding efforts to integrate Artificial Intelligence across traditional industries, shifting support from research toward large-scale commercial deployment. The initiative targets sectors including aviation, bi...

Asia-Pacific Stocks Retreat as Middle East Tensions Weigh on Investor Sentiment

Most major Asia-Pacific equity markets closed lower on Tuesday amid renewed concerns over U.S.-Iran negotiations and potential disruptions to shipping through the Strait of Hormuz. Chinese markets posted modest declines while Hong Kong’s...

China’s Manufacturing Surveys Show Diverging Performance Between State and Private Firms

May purchasing managers’ index data highlighted contrasting conditions across China’s industrial sector, with the official index holding at 50.0 while the private-sector Caixin survey rose to 51.8. The figures suggest stronger momentum a...

China Expands Visa-Free Travel Appeal as Shanghai Records Surge in South American Visitors

Shanghai border authorities reported a 50.5% year-on-year increase in passenger arrivals from Brazil, Argentina, Chile, Peru and Uruguay over the past year, with nearly 70% of travelers entering under China’s trial visa-free policy. Offi...

China Hongqiao Credit Rating Raised to BB Plus as Debt Profile Strengthens

Standard & Poor’s has upgraded China Hongqiao Group’s long-term issuer credit rating to BB Plus from BB, citing stronger operating conditions, resilient aluminum prices and a healthier capital structure. The ratings agency expects the co...

Deadly Coal Mine Explosion Triggers Probe Into Illegal Labor and Resource Trading

Authorities launched a broad investigation after a fatal mine blast exposed alleged networks of undocumented workers and illicit coal trading, raising renewed concerns over workplace safety compliance in resource-producing regions.

China Advances Major Nuclear Power Projects at Lianjiang and Taipingling

State nuclear companies reported key construction milestones at two reactor sites, advancing plans to expand nuclear generation capacity and strengthen long-term energy security for China’s industrial economy.

Generative AI Rapidly Reshapes China’s Short-Drama Industry

Advances in domestic text-to-video technology are transforming the economics of micro-drama production, allowing studios to create content with fewer traditional production resources and accelerating the adoption of artificial intelligen...

State-Owned Enterprises Ordered to Increase Spending on Basic Research

China’s state assets regulator has instructed centrally controlled enterprises to expand investment in fundamental scientific research and frontier technologies as part of broader efforts to boost innovation during the current five-year ...

Shenzhou-21 Crew Returns After Longest Manned Mission in China’s Space Program

Three Chinese astronauts safely returned to Earth after completing a 210-day mission aboard the Tiangong space station, where they carried out infrastructure upgrades and other tasks supporting future space exploration goals.

Vanke Presses Ahead With Debt Reduction and Asset Sales Amid Property Market Strains

The state-backed developer said it remains focused on restructuring liabilities and disposing of assets as prolonged liquidity pressures continue to weigh on China’s real estate sector despite policy support measures.

China Tightens Enforcement of Critical Mineral Export Controls

The Ministry of Commerce said it will strengthen compliance oversight for exports of strategic minerals and rare earth materials, reinforcing Beijing’s control over key supply chains amid growing trade tensions with the United States and...

Beijing Reshuffles Senior Leadership at Hong Kong Liaison Office

China’s State Council appointed legal specialist Yuan Guijie as deputy director of the central government’s liaison office in Hong Kong while removing senior official Liu Guangyuan, continuing adjustments to Beijing’s administrative stru...

China Coast Guard Conducts Unusual Patrols East of Taiwan

Chinese authorities deployed coast guard vessels to waters east of Taiwan, describing the operation as a response to maritime discussions involving Japan and the Philippines and signaling a broader geographic scope for Chinese law-enforc...

China Warns European Union Against Further Electric Vehicle Trade Restrictions

The Ministry of Commerce cautioned Brussels against expanding trade measures targeting Chinese electric vehicles, warning that additional actions could undermine ongoing economic consultations between China and the European Union.

BYD Launches First In-House Autonomous Driving Chip to Strengthen Technology Independence

China’s largest electric vehicle maker unveiled its proprietary self-driving semiconductor, marking a significant step in reducing reliance on external suppliers and deepening competition in advanced driver-assistance technologies.

State Council Introduces New Rules to Guide and Safeguard China’s Overseas Investment

A new 34-article decree signed by Premier Li Qiang will take effect on July 1, encouraging Chinese companies to participate in global supply chain development while imposing stricter requirements on risk management, regulatory compliance...

China’s Factory Activity Weakens as Domestic Demand Remains Fragile

Official manufacturing activity slipped into contraction while the Caixin index stagnated in May, highlighting continued weakness in consumer demand and the property market despite stronger performance from high-tech manufacturing and ex...

Artificial Intelligence Firm Zhipu Reaches $112 Billion Valuation in Funding Boom

Beijing-based AI developer Zhipu achieved a record private-market valuation, underscoring the scale of investment flowing into China’s artificial intelligence sector as domestic firms race to develop alternatives to leading global genera...

Beijing Replaces Top Financial Regulator in Leadership Shake-Up

Ding Xiangqun has been appointed to lead the National Financial Regulatory Administration following the removal of Li Yunze, a move that comes as policymakers continue efforts to manage financial risks, local government debt burdens and ...

Mine Explosion in Shanxi Triggers Investigation Into Illegal Coal Operations

Authorities launched a broad investigation after a deadly explosion exposed an unauthorized coal extraction network that allegedly generated substantial untaxed profits and operated outside regulatory oversight.

United States Tightens Controls on AI Chip Sales to Overseas Chinese Affiliates

New export licensing requirements target overseas subsidiaries of Chinese technology companies, closing a channel that had allowed access to advanced semiconductors through entities based in Southeast Asia and the Middle East.

Alibaba Signs Long-Term Partnership With UEFA Through 2033

Alibaba will serve as the exclusive artificial intelligence, cloud computing and digital commerce partner for UEFA’s flagship football tournaments under a new agreement extending through 2033.

Li Auto Reports Strong May Deliveries and Plans Expanded In-Car AI Capabilities

The electric vehicle manufacturer delivered more than 33,000 vehicles in May and announced plans to showcase proprietary artificial intelligence foundation models for future vehicles at a technology summit later this month.

State-Backed Yuexiu Property Gains Market Share as China’s Housing Slump Persists

Fitch Ratings maintained a stable investment-grade outlook for Yuexiu Property after the developer recorded a smaller sales decline than the broader market, reflecting ongoing consolidation in favor of state-backed builders.

China Introduces New Rules Governing Outbound Corporate Investment

A new 34-article framework signed by Premier Li Qiang will subject overseas investments to stricter risk controls and national security reviews while aligning capital deployment with broader state priorities from July 1.

Beijing Appoints New Financial Regulator Chief as Anti-Corruption Campaign Continues

Industry veteran Ding Xiangqun has been named to lead China’s top financial regulatory body following the removal of Li Yunze, underscoring Beijing’s continued focus on discipline and risk management in the financial sector.

BYD Unveils Proprietary Autonomous Driving Chip to Strengthen Technology Independence

The launch of BYD’s Xuanji A3 semiconductor marks the automaker’s expansion into in-house chip development for advanced driver-assistance systems, reducing reliance on external suppliers amid growing competition in the electric vehicle m...

European Union Trade Tensions Prompt Warning of Possible Chinese Retaliation

China’s Ministry of Commerce urged the European Union to adhere to World Trade Organization rules and warned of countermeasures if new trade restrictions are introduced against Chinese exports.

China Manufacturing Activity Stalls as New Export Orders Weaken

China’s official manufacturing purchasing managers’ index fell to 50.0 in May, losing momentum from earlier gains and highlighting continued weakness in domestic demand despite stronger performance in high-tech manufacturing.

AI-Driven Manufacturing Emerges as Core Economic Growth Strategy

The continued rollout of policies supporting advanced manufacturing, robotics, renewable energy, and semiconductor research highlights Beijing's commitment to developing what it describes as "new quality productive forces" as a foundatio...

Domestic Consumption Remains a Key Focus for Economic Rebalancing

Authorities continue to emphasize stronger household consumption as a long-term objective, with analysts closely watching whether future policy measures provide greater support for healthcare, elder care, and other areas that could encou...

Beijing Tightens Focus on Digital Sovereignty and Technology Security

Artificial intelligence, data resources, and advanced technologies are increasingly being treated as strategic national assets, with regulatory measures aimed at safeguarding domestic research capabilities and intellectual property.

China Signals Policy Continuity While Managing Industrial Competition

Leadership signals indicate that policymakers remain focused on gradual economic adjustment rather than major structural changes, with efforts concentrated on upgrading manufacturing capacity and addressing competition in sectors such as...

Shenzhen Manufacturing Hubs Expand AI Adoption Across Industrial Supply Chains

Industrial zones in Shenzhen and the Pearl River Delta are rapidly integrating artificial intelligence into manufacturing operations, supporting productivity gains in robotics and electric vehicle supply chains while helping firms addres...

Shanghai Free Trade Zone Expands Cross-Border High-Tech Services Pilot Programs

New measures introduced in Shanghai aim to simplify the integration of international high-tech services and attract multinational research and development centers, strengthening the city's role as a global hub for innovation, industry, a...

Chengdu and Chongqing Launch New Programs to Support Consumer Spending

Local authorities in the two western Chinese cities are introducing subsidies for smart appliances and home renovation projects as part of broader efforts to stimulate domestic demand and support economic rebalancing.

China Accelerates Domestic Semiconductor Development to Strengthen Supply Chain Resilience

The Ministry of Industry and Information Technology is continuing efforts to expand domestic semiconductor capabilities through closer cooperation between state-backed research institutes and major technology firms, as China seeks greate...

China and Laos Prepare for High-Level State Visit Focused on Connectivity and Trade

Chinese officials have confirmed that Lao President and Lao People's Revolutionary Party General Secretary Thongloun Sisoulith will visit China from June 2 to June 6, with discussions expected to focus on Belt and Road cooperation, infra...

China Strengthens Oversight of Ecological Restoration and Biodiversity Projects

The Ministry of Ecology and Environment has issued new monitoring guidelines for conservation and ecological restoration programs, seeking to align environmental protection efforts with long-term regional development goals.

Beijing Monitors Mid-Year Economic Data as Policymakers Focus on Stability

Economic officials are closely tracking performance across major industrial regions ahead of the release of mid-year economic indicators, with attention centered on property-sector adjustments, manufacturing performance, and broader econ...

China Tightens Electric Vehicle Battery Recycling Rules Ahead of Retirement Wave

The Ministry of Industry and Information Technology has introduced stricter standards for battery recycling, including enhanced lifecycle tracking and tougher penalties for unlicensed dismantling, as large numbers of early-generation EV ...

China’s Solid-State Battery Industry Moves Toward Large-Scale Manufacturing

New industry standards and major facility expansions are accelerating the commercialization of solid-state batteries, with companies including Gotion Hi-Tech and Qingtao Energy advancing projects aimed at high-volume production.