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.
Cathay Pacific Group said on Monday that passenger traffic maintained its upward momentum in October, with Cathay Pacific's passenger numbers up 29% year on year and capacity increasing 26%. Over the January–October period, the airline carried 27% more passengers than a year earlier, underscoring the steady recovery in long-haul and regional routes. Cargo demand also strengthened. Cathay Cargo's tonnage increased 6% in October, with cargo capacity up 8%. For the first 10 months, cargo volumes were 10% higher than the same period in 2024. The group's budget arm, HK Express, carried more than 680,000 passengers in October, a 32% year-on-year increase, as it expanded capacity by 34%. From January to October, HK Express recorded a 31% rise in passenger numbers.
China's housing market showed tentative signs of steadying, with combined new- and existing-home sales across 30 major cities totaling 274 million square meters in the first 10 months of the year, roughly flat from a year earlier, data from research firm CRIC showed. Shenzhen led the improvement with a 12% rise in transacted floor area. Beijing, Shanghai and Guangzhou posted gains of 7%, 6% and 2% respectively. Second-tier cities also showed resilience. Hefei logged an 18% increase — the strongest among the 30 cities — while Chengdu rose 11% to 26.3 million square meters. Chongqing, Xi'an, Wuhan and Hangzhou all exceeded 10 million square meters and recorded year-on-year growth, helping underpin the broader market.
11/19
2025 Wed.
Daily active users on Taobao, Pinduoduo and JD.com all increased during this year's Double 11 shopping festival, as mobile shopping penetration edged higher. China's mobile shopping sector continued to expand in October, with an active penetration rate of 87.5%, up 0.6 percentage points from a year earlier, according to analytics firm QuestMobile. User engagement around Double 11 also surged, with content interaction volumes reaching 1.12 times those recorded at the 618 mid-year promotion. During the peak day of the Double 11 campaign, major general-merchandise platforms all posted solid traffic growth. Taobao recorded 508 million daily active users, Pinduoduo reached 414 million, and JD.com attracted 227 million—up 4.2%, 2.5% and 9.8% year on year, respectively.
Brazilian Vice President Geraldo Alckmin said on Tuesday that Renault and China's Geely will invest 3.8 billion reais (US$714 million) in the southern state of Paraná as the two automakers establish a local partnership to develop new vehicles. The companies said part of the funding will support Geely's zero- and low-emission platform, which will underpin two new models due in the second half of 2026. The rest will go toward updating an existing Renault model next year and launching another vehicle in 2027.
