Only 53 of the major real estate developers listed in the top sales ranking list of five years ago are still on the list, , while the other 47, mostly private developers have been replaced by mostly state owned counterparts, reports Caixin. The report, released by the China Index Academy, ranks developers on who sold the […]
Category: Politics & Society
Chinese automotive chip designer Black Sesame Technologies’ Huashan A2000 chip has passed reviews by US authorities, reports the South China Morning Post. The move is expected to pave the way for a global rollout. Built on the advanced 7-nanometre process, which was ready for mass production in January 2025, was subject to US scrutiny “due to […]
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Slow service
China’s service activity expanded at its slowest pace in six months in December, with Reuters citing a drop in new business and weaker foreign demand. The RatingDog China General Services PMI dropped to 52.0, only slightly above the benchmark of 50 which would signal a contraction. The survey suggests the service sector is still growing […]
China removed a three-decade-old tax exemption on contraceptive drugs and condoms from January 1 in new steps to boost low birth rates, reports Reuters. Condoms and contraceptive pills now incur value-added tax of 13%, the standard rate for most consumer goods. The move comes as Beijing struggles to boost birth rates. China’s population fell for a […]
US President Donald Trump has blocked US photonics firm HieFo Corp’s $3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore, citing national security and China-related concerns, reports Reuters. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition […]