09/28
2025 Sun.
China expects 2.36 billion trips during the eight-day Mid-Autumn Festival and National Day break from Oct. 1 to Oct. 8, averaging 295 million a day and up 3.2% from last year, the transport ministry said on Sunday. About 1.87 billion journeys will be by car. Highways could see 70 million vehicles daily, including 14 million new energy cars. Railways are set to carry more than 219 million passengers, while air travel will reach 19.2 million, a record high for the period. Border crossings are expected to exceed 2 million a day, driven by visa waivers and more flights. Outbound tourism will rise sharply, with more travellers heading to Russia, Japan, South Korea and Southeast Asia.
09/25
2025 Thu.
China's interbank trading platform said on Thursday it will lift the daily net trading cap under Swap Connect to 45 billion yuan (about $6.3 billion) from 20 billion yuan starting Oct. 13, 2025, to boost activity and help offshore investors hedge yuan interest rate risk. The China Foreign Exchange Trade System (CFETS) said the scheme will also introduce a dynamic market-maker mechanism and expand its pool of quoting institutions. Swap Connect, launched in May 2023, gives foreign investors access to onshore derivatives for managing yuan-denominated assets. By end-August, 82 overseas institutions from 15 countries and regions had conducted more than 15,000 trades with a notional value of 8.15 trillion yuan.
09/22
2025 Mon.
China's securities regulator said more than 90% of companies listed in recent years on mainland exchanges were technology-related, lifting the sector's share of market capitalization to over one-quarter -larger than the combined weight of financial and real estate stocks. Wu Qing, chairman of the China Securities Regulatory Commission, said 24 of the 50 most valuable listed firms are now tech companies, up from 18 atthe end of 2020. He was speaking at a State Council press briefing on financial sector achievements under the 14th Five-Year Plan (2021–2025). Foreign investors hold 3.4 trillion yuan (about US$478 billion) in A-shares, while 269 Chinese companies remain listed overseas. As of end-August, long-term institutional investors -including pension funds, insurers and mutual funds -held 21.4 trillion yuan (about US$3 trillion) in tradable A-shares, up 32% from the end of 2020. Wu added that regulators had stepped up risk monitoring and coordinated with state-backed investors to stabilize markets, measures he said helped restore confidence amid external pressures.
A new batch of 120 luxury apartments at Phase II of Jinling Residences in Huangpu district sold out on Sept 21, generating 9.84 billion yuan (about US$1.35 billion) in a single day. The Kerry Properties project near the Bund attracted 227 prospective buyers for the units, which start at 358 square meters and go up to 865 square meters. The average price was 205,000 yuan (about US$28,000) per square meter, with the average total price per unit around 82 million yuan. One duplex spanning 865.49 square meters was sold at 326,800 yuan (about US$45,000) per square meter, or 283 million yuan in total — setting a record for Shanghai's new-home filing prices.
Shenzhen's household waste recycling rate has climbed above 50% since its waste-sorting regulation took effect in 2020, according to a white paper discussed at a recent forum. Its resource utilization rate now stands at 87.8%. Shenzhen has built about 21,000 centralized waste drop-off points and installed nearly 13,000 textile recycling bins across the city. A citywide three-tier recycling network has taken shape under the "iShenzhen Recycling"brand, alongside facilities for incineration and food waste treatment to ensure safe, efficient, and reduced disposal. The system has made Shenzhen one of the leaders nationwide in turning waste into resources while advancing urban environmental sustainability.
09/19
2025 Fri.
Xiaomi Automobile Technology Co. has filed a recall plan with China's State Administration for Market Regulation, covering 116,887 SU7 Standard Edition electric vehicles produced between February 6, 2024, and August 30, 2025. The recall includes 98,462 units of the XMA7000MBEVR2 and XMA7000MBEVR5 models, and 18,425 units of the BJ7000MBEVR2 model. Some vehicles may have inadequate recognition, warning, or handling in rare extreme scenarios when the L2 highway pilot assist is activated, increasing collision risks if drivers fail to intervene. Xiaomi will address the issue through free over-the-air (OTA) software upgrades to eliminate the safety hazard.
09/16
2025 Tue.
China's AI job market is expanding rapidly, with new postings from January to July 2025 up more than tenfold and resume submissions surging elevenfold year on year, according to Maimai, a LinkedIn-like professional networking platform. While demand for algorithm engineers remains intense—particularly in search algorithms where five jobs compete for two candidates—non-technical positions also rose 7.7 times year on year. The hiring wave is spilling into campus recruitment, with over half of entry-level AI roles on Maimai offering monthly pay above 50,000 yuan (US$6,900). As of July, more than 1,000 companies had posted 72,000 AI-related openings on the platform, spanning internet giants, multinationals, automakers, and specialized AI firms. ByteDance led new postings with a recruitment index of 29.83, followed by Xiaohongshu at 18.32 and Alibaba at 12.25. Vertical players such as Xpeng Motors, X Square Robot and Black Sesame Technologies also made the list.
Since opening in October 2018, the Hong Kong–Zhuhai–Macau Bridge has handled more than 90 million passenger trips and 18.68 million vehicle crossings, according to the Zhuhai border checkpoint. Traffic has accelerated in recent years. Passenger throughput reached 16.3 million in 2023 and surged to 27 million in 2024. So far this year, the bridge has already handled more than 21.2 million passengers, up 19% year on year. Officials expect annual volume to exceed 30 million for the first time in 2025.
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.
