12/16
2025 Tue.
Inter-market Maket Data Repository (Shanghai) was established on December 13 with a registered capital of 600 million yuan. Led by legal representative XU Zhong, the firm will provide data processing, storage support, IT consulting and software development services. Its shareholders include Shanghai Commercial Paper Exchange, the National Association of Financial Market Institutional Investors, Zhonghui Information Technology (Shanghai), and China Bond Rating. The launch comes after Pan Gongsheng, governor of the People's Bank of China, announced that the central bank would build an interbank market transaction data repository and an international digital RMB operation center in June. Speaking at the Lujiazui Forum 2025, Pan said the repository would aggregate high-frequency transaction data across interbank bonds, currencies, derivatives, gold and commercial paper, aiding financial institutions, macroeconomic policy and market oversight.
Singapore‘s Land Transport Authority (LTA) has awarded six contracts to procure 660 new electric buses — 360 single-deck and 300 double-deck models — the agency announced on December 15. The successful tenderers include ST Engineering Mobility Services partnered with CRRC, BYD, Yutong, and Cycle & Carriage Automotive partnered with Zhongtong Bus. The new buses will enter passenger service from late 2026, replacing ageing diesel units approaching the end of their statutory lifespan.
12/15
2025 Mon.
China's economy held to a steady path in November, with industrial output, services activity and consumer spending expanding.
12/11
2025 Thu.
China's ride-hailing regulatory system received 904 million orders in November, according to data from the Ministry of Transport. By month-end, 394 platforms held operating permits nationwide, one more than in October. Regulators said compliance levels across leading platforms were mixed, with some operators recording modest month-on-month gains and others showing slight declines. Ride-hailing aggregators handled 277 million orders, edging down 0.1% from the previous month. Among major cities, Xiamen, Shenzhen and Chengdu continued to report the strongest compliance, while 28 cities posted rates above 80%. Xi'an, Kunming and Wuhan saw the biggest monthly improvements, whereas Zhengzhou, Harbin and Hohhot recorded the steepest drops.
12/08
2025 Mon.
China processed 285 percent more outbound tax refund claims from foreign visitors in the first 11 months of 2025, the State Taxation Administration said on Monday. Sales of tax-refunded goods and total refund amounts both rose 98.8 percent year on year. As of end-November, 12,252 stores nationwide offered departure tax refund services, with more than 7,000 providing "refund upon purchase." China's departure tax refund program, introduced nationwide in 2016, allows foreign travelers to reclaim value-added tax on eligible purchases made within the country. Authorities said the expanded network and smoother procedures are helping meet rising demand and supporting the continued recovery in inbound tourism.
12/04
2025 Thu.
China accounted for 68% of global new energy passenger-vehicle sales in the first 10 months of 2025, according to CUI Dongshu, secretary-general of the China Passenger Car Association. Global NEV sales reached 17.36 million units in January-October, up 30% from a year earlier. October sales totaled 2.11 million units, rising 17% year on year but slipping 3% from September. The United States sold 1.4 million NEVs in the same period, up 10%. But U.S. October NEV sales dropped to 93,000 units, down 32% year on year and 51% month on month, which Cui attributed to higher prices caused by tariffs and reduced subsidies. China'sshare of global NEV sales rose to 75% in October alone - a monthly high this year.
12/01
2025 Mon.
Zootopia 2 drew an estimated US$274 million in its first week in mainland cinemas as of November 30, surpassing its North American earnings and making China the film's largest global market, according to box office tracker Maoyan.
China's express delivery sector logged a new milestone this year, with parcel volume surpassing 180 billion for the first time, according to data released by the State Post Bureau. As of November 30, total shipments exceeded the 175.08 billion parcels handled in all of 2024. Monthly volumes now average more than 16 billion, while the busiest day saw 777 million parcels processed, at well over 6,200 every second.
11/25
2025 Tue.
China's Leapmotor said on Tuesday it has entered the South American market with back-to-back launches in Brazil and Chile, including a debut at the São Paulo Motor Show. The EV maker has introduced pure-electric and range-extended versions of its C10, along with the B10, in both countries. It plans to establish 36 outlets across 27 Brazilian cities and five in Chile by the end of 2025, and later expand into Argentina, Colombia and Ecuador.
by CHEN Yang Novartis China on Tuesday dismissed reports that it will dissolve its county-level sales team by Dec. 31, saying it will overhaul its operating model for county-market coverage from Jan. 1, 2026. The drugmaker said it currently serves about 1,000 county-level markets and that the change will not affect its commitment to patients. Novartis said it will continue bringing innovative medicines to county regions and support efforts to raise local healthcare standards.
