09/09
2025 Tue.
China's NEV output and sales remain world’s largest for 10th year China's new energy vehicle production and outputtopped 13 million units in 2024, the highest globally for the tenth straight year, the Ministry of Industry and Information Technology said on Tuesday. The update came at a State Council press conference on progress under the 14th Five-Year Plan. Between 2020 and 2024, value-added output in equipment manufacturing and high-tech manufacturing rose at average annual rates of 7.9% and 8.7%, lifting their share of large-scale industry to 34.6% and 16.3% respectively. The ministry added that China's shipbuilding sector also kept its global lead.
The People's Bank of China (PBOC) has renewed currency swap agreements with the European Central Bank (ECB), the Swiss National Bank (SNB) and the National Bank of Hungary (MNB). The deals were signed by PBOC Governor Pan Gongsheng, ECB President Christine Lagarde, SNB Chairman Martin Schlegel and MNB Governor Mihály Varga at the Bank for International Settlements' Governors'meeting on September 7–8. The PBOC–ECB swap is valued at RMB 350 billion (about €45 billion) with a three-year term. The PBOC–SNB deal totals RMB 150 billion (around CHF 17 billion) for five years, while the PBOC–MNB swap stands at RMB 40 billion (about HUF 1.9 trillion), also for five years. The PBOC said the renewals will deepen financial cooperation, facilitate trade and investment, and support market stability.
09/04
2025 Thu.
The revised standards include, among other changes, a $25 million minimum public offering proceeds requirement for new listings of companies principally operating in China.
09/03
2025 Wed.
Ikea China will invest 160 million yuan (US$22 million) in fiscal year 2026 to launch more than 150 "New Lower Price"products, with about 70 per cent focused on best-sellers. The company has already invested 673 million yuan over the past two fiscal years to expand its affordable product portfolio. It also introduced a new brand positioning in China, loosely expressed as "Home, adding more to life."
09/01
2025 Mon.
JD.com said on September 1 it has formally issued a voluntary public takeover offer for CECONOMY, the German parent company of consumer electronics chains MediaMarkt and Saturn. The bid, made through wholly owned subsidiary Jingdong Holding Germany GmbH, proposes to acquire all outstanding bearer shares of CECONOMY at €4.60 in cash per share. JD.com had announced its plan to pursue the offer on July 30. If successful, the transaction would rank as one of the largest acquisitions by a Chinese company in Europe in recent years, underscoring JD.com's ambitions to expand its global retail footprint.
08/31
2025 Sun.
China's cumulative box office revenue for 2025 has topped 40 billion yuan (US$5.5 billion), including overseas earnings. The domestic market contributed 39.23 billion yuan, with more than 909 million cinema visits recorded, both exceeding last year's levels, according to industry data.
08/25
2025 Mon.
Dongfeng Group shares surged after resuming trade in Hong Kong following a 10-day halt, as the state-owned automaker unveiled plans to delist its listed unit while spinning off premium EV arm Voyah.
08/19
2025 Tue.
Shenzhen's foreign trade totaled 2.58 trillion yuan (US$354 billion) in the first seven months of 2025, unchanged from a year earlier, according to customs data. Exports reached 1.56 trillion yuan and imports 1.02 trillion yuan, keeping the city the mainland's top trading hub. Electromechanical products led exports at 1.17 trillion yuan, up 4.4 per cent. Integrated circuits, a key electronic intermediate, jumped 40.9 per cent to 133.9 billion yuan. Exports of lithium batteries and pure electric passenger vehicles rose 37.9 per cent and 21.7 per cent, respectively, while computers and parts climbed 10.8 per cent.
China's consumer extended reality (XR) market reached 261,000 units in the first half of 2025, up 9 per cent from the previous six months, driven mainly by new augmented reality (AR) glasses launches, according to CINNO Research. While AR devices continued to grow, the virtual reality (VR) segment remained weak due to a lack of new content and product delays. CINNO forecasts full-year consumer XR sales of 606,000 units, up 6.5 per cent year on year.
08/18
2025 Mon.
Guangdong's Department of Industry and Information Technology and Department of Finance have issued detailed measures on fund management for artificial intelligence and robotics innovation and industrial development. The rules specify that state-level manufacturing innovation centers may receive subsidies covering up to 40 per cent of the cost of newly purchased R&D equipment and related software, excluding taxes, with a ceiling of 50 million yuan. Subsidised initiatives will include capacity-building at AI and robotics innovation centers, cultivation of high-quality enterprises, AI-driven industrial upgrading demonstration projects, and operations of open-source communities and ecosystem hubs. The measures will take effect on September 1, 2025, and remain valid until the end of 2027.
