05/28
2026 Thu.
The four-day 2026 World Intelligence Industry Expo opened in Tianjin on Thursday, showcasing more than 200 new technologies, products and standards across sectors including the low-altitude economy, embodied AI and intelligent manufacturing. This year's expo spans 130,000 square meters and features more than 700 domestic and international companies in the smart technology sector. The event includes six themed exhibition areas covering artificial intelligence core technologies, intelligent connected vehicles, commercial aerospace and the low-altitude economy. An embodied AI exhibition hall was established as a standalone section for the first time this year. Organizers said more than 200 innovation achievementswill be unveiled during the expo, covering fields including intelligent manufacturing, AI education and smart devices. A key theme of this year's exhibition is commercialization, with organizers emphasizing that all showcased technologies and products are already capable of real-world deployment.
Chinese AI startup MiniMax said on Thursday that the number of global enterprise and developer customers using its services has surpassed 1 million, marking a fivefold increase from six months ago. The company also said its global user base has reached around 300 million. According to MiniMax, annual recurring revenue (ARR) has grown more than 100% over the past two months. The company previously disclosed at an earnings briefing in March that ARR had exceeded US$150 million as of February 2026. The Shanghai-based startup raised $619 million during its initial public offering (IPO) in January, making it one of the first pure-play generative AI companies to reach public markets.
05/27
2026 Wed.
Profits at China's large-scale high-tech manufacturing firms rose 44.8% year-on-year in the first four months of 2026, official data showed on Wednesday, driven by strong growth in semiconductor and industrial automation sectors. The National Bureau of Statistics said the sector contributed 7.8 percentage points to overall industrial profit growth. Profits at electronic materials manufacturers surged 601.7%, while optical fiber and optoelectronic device makers posted gains of 347.6% and 51.0% respectively. Industrial control computer and system manufacturers saw profits jump 128.6%, reflecting continued growth in factory automation and intelligent manufacturing, the bureau said.
China's largest offshore shallow lithologic oilfield project — the first-phase development of the Kenli 10-2 oilfield cluster — has entered full production, China National Offshore Oil Corporation (CNOOC) said on May 27. The project is producing more than 2,800 tonnes of crude oil per day and is expected to support stable output growth at the Bohai oilfield, China's largest crude oil production base.
05/25
2026 Mon.
At the 2026 IEEE International Symposium on Circuits and Systems (ISCAS)in Shanghai on Monday,during a keynote speech titled "Exploration and Practice of New Paths for Semiconductors,"Huawei board member and semiconductor business president HE Tingbo formally introduced what she called the “Tau Law.” According to Huawei, this is the first time a Chinese company has proposed a new principle intended to guide semiconductor industry development globally. HE said Huawei has designed and mass-produced 381 chips over the past six years based on the principle. She also said Huawei plans to launch a new Kirin smartphone chip this autumn using what the company described as "logic folding"technology, which would significantly improve performance.
Six Chinese companies including Nanjing Innovation Investment Group, Shanghai Guosheng Group and Shougang Group issued seven technology innovation bonds worth a combined 8.6 billion yuan on Monday, as issuance in the sector continues to accelerate. Wind data showed 760 technology innovation bonds had been issued as of May 24 this year, with total issuance reaching 801.3 billion yuan, far exceeding the same period last year. Analysts attributed the surge to policy support, lower financing costs and a broader range of issuers entering the market. China has increasingly promoted technology innovation bonds as a financing channel for strategic and hard-tech sectors, as policymakers seek to direct more capital toward industrial upgrading and technological self-reliance.
05/22
2026 Fri.
China has expanded its technology innovation and equipment upgrade relending program from 500 billion yuan to 1.2 trillion yuan this year, as Beijing steps up support for industrial upgrading and equipment renewal. Speaking at a press conference on Friday, Li Chao, deputy director-general of the National Development and Reform Commission's Policy Research Office, said the program's coverage has been broadened to 14 sectors, including electronic information, artificial intelligence, facility agriculture and consumer commercial facilities. The relending rate has been lowered from 1.75% to 1.25%, while fiscal interest subsidies for equipment upgrade loans were raised from 1 percentage point to 1.5 percentage points. Li said private small and medium-sized enterprises with relatively high R&D spending have also been included in the support scope. Authorities have already launched screening for the first batch of 2026 projects and will forward approved project lists to financial institutions to accelerate financing support.
Yonghui Superstores said late Wednesday that an arbitration ruling involving Dalian Yujin Trading, Wang Jianlin, Sun Xishuang and Dalian Yifang Group has officially taken effect. The company said it had applied to a court for enforcement, and the court has accepted the case and formally opened enforcement proceedings. The dispute involves 3.639 billion yuan (US$500 million) in unpaid remaining share transfer payments, as well as related penalties, legal fees and arbitration costs, according to the filing. The arbitration ruling was issued by the Shanghai International Economic and Trade Arbitration Commission. The case adds to mounting financial pressure surrounding Wanda-linked entities as some of the group's past investment and asset transactions continue to face repayment and restructuring challenges.
China's shipbuilding industry extended its global lead in the first quarter of 2026, with new orders, completed vessels and order backlog all ranking first worldwide, according to official data. New shipbuilding orders surged 195.2% year on year, while order backlog rose 43.6%, accounting for nearly 70% of the global total. Several Chinese shipyards have already secured orders through 2030. China ranked first globally in new orders for 15 of the world's 18 major ship types in the quarter, according to the Ministry of Industry and Information Technology. Chinese shipbuilders captured more than 90% of global orders for very large crude carriers, bulk carriers and large container ships with capacities exceeding 10,000 containers. On April 28, the world's first LNG dual-fuel car carrier capable of transporting 10,800 vehicles was delivered in Guangzhou's Nansha district, setting a new capacity record for its class. China has rapidly expanded its position in global shipbuilding in recent years, supported by strong demand for commercial shipping, green vessels and vehicle carriers tied to the country's booming auto exports.
05/21
2026 Thu.
China's General Administration of Customs on Thursday outlined newly introduced measures supporting development of the Guangdong-Hong Kong-Macao Greater Bay Area, highlighting the region's growing role in the country's foreign trade. Speaking at a press conference in Guangzhou, customs officials said total imports and exports in the mainland's nine Greater Bay Area cities exceeded 9 trillion yuan in 2025. Trade in the first four months of 2026 reached a record 3.4 trillion yuan, up 18.4% year on year despite a high comparison base, according to the customs authority. Officials said the region contributed roughly a quarter of China's total foreign trade growth during the period, underscoring the Greater Bay Area's resilience and economic vitality. The Greater Bay Area, which includes Hong Kong, Macau and major Guangdong cities such as Shenzhen and Guangzhou, is one of China's most economically dynamic regions and a major hub for manufacturing, technology and cross-border trade.
