News
Guangzhou Port Launches Nansha Phase V Project to Boost Capacity to 35 Million TEUs
8+ hour, 58+ min ago (388+ words) (Yicai) May 18 -- Guangzhou Port has begun full-scale construction of the fifth phase of the Nansha Port area, a project designed to handle 6. 7 million twenty-foot equivalent units annually and further expand the southern Chinese shipping hub's capacity. Once completed, the Nansha…...
Third-Party Auto Repair Shops Say They're Shut Out of China's Fast-Growing NEV Services Market by Carmakers
2+ hour, 31+ min ago (616+ words) (Yicai) May 18 -- Despite demand for new energy vehicle after-sales services gradually expanding in China, third-party repair stores say they are struggling to enter the market due to carmakers' monopolistic control over the supply of core parts related to the three…...
China's Economic Data Loses Steam in April as Consumption Weakens, Investment Contracts
2+ hour, 7+ min ago (393+ words) (Yicai) May 18 -- China's key economic indicators lost momentum in April, after stronger-than-expected growth in the first quarter. Factory output and consumer spending both slowed compared with March, while fixed-asset investment slipped into negative territory. The added value of large industrial…...
Foreign Institutions Visit Beijing, Shanghai Bourses to Engage With Innovative Tech Firms
9+ hour, 40+ min ago (165+ words) (Yicai) May 18 -- More than 30 international institutional investors visited listed companies in Beijing and Shanghai to hold discussions with the management teams about accessing key innovative technology companies. The three-day visit ended May 13 aimed to attract more long-term foreign capital into…...
China's 12th Batch of Centralized Drug Procurement to Cover Record Number of Varieties
4+ hour, 6+ min ago (228+ words) (Yicai) May 18 -- China's 12th batch of bidding for the state-organized centralized drug procurement program will cover a new record number of over 70 varieties and 233 specifications. The figures were released by the National Organization for Drug Joint Procurement Office on May 15, and…...
[Opinion] No Past Country Year Fully Matches China's Consumption Dynamics Under Global Coordinates
4+ hour ago (351+ words) (Yicai) May 18 -- China's consumption is placed in a historical context characterized by multiple overlapping features. From a global perspective, China is no longer in the low-income catch-up phase. It has potential for consumption, but the pathways to unleash it will…...
Foreign Capital's Holding of Chinese Mainland Shares Jumps by USD10 Billion in First Quarter
6+ hour, 30+ min ago (366+ words) (Yicai) May 18 -- The market value of the Chinese mainland shares held by foreign institutions increased by CNY67. 5 billion (USD9. 9 billion) in the first quarter, with Abu Dhabi Investment Authority ranking first. Offshore investors were among the top 10 shareholders of 1, 521 Chinese mainland stocks…...
Pop Mart Shares Dip After Earnings as Investors Question Staying Power of Labubu Craze
1+ day, 1+ hour ago (509+ words) (Yicai) May 13 -- Shares of Pop Mart International Group fell after the Chinese toy maker reported first-quarter revenue growth of 75 percent to 80 percent from a year earlier, as investors grew concerned that the popularity of its flagship Labubu intellectual property is…...
Ordinary Folk in China Are Helping to Train Robots How to Do Work
2+ day, 23+ hour ago (298+ words) (Yicai) May 15 -- China's embodied intelligence boom is spawning a new job category. Stay-at-home mothers and factory workers are getting paid to collect the real-world data used to teach robots how to do house chores and other tasks. These jobs are…...
Top Chinese, US Execs Meet at State Dinner as Trump Visits China
3+ day, 1+ hour ago (349+ words) (Yicai) May 15 -- Chinese business chiefs rubbed shoulders with American corporate heavyweights at a state dinner held yesterday in Beijing to mark US President Donald Trump's visit, providing a valuable opportunity for both sides to strengthen ties and explore potential deals....