China’s revenue from residential land sales fell about 65% in 2025 from its 2020 peak, reports Caixin. Even state-backed investment vehicles have scaled back as a result of the ongoing property downturn. Data from the China Index Academy show that while the rate of decline narrowed slightly from the previous year, the contraction remains severe. The […]
Category: Economics & Policy
Shanghai has announced a slew of new investments worth RMB 70 billion ($10 billion) in hi-tech industries ranging from chips to artificial intelligence and aviation, reports the South China Morning Post. Shanghai is the latest Chinese city to unveil ambitious plans to boost local innovation amid an intensifying US-China tech race. The city’s Pudong district unveiled […]
China’s services activity expanded at its slowest pace in six months in December, as growth in new business softened and foreign demand declined, reports Reuters. The RatingDog China General Services PMI, compiled by S&P Global, edged down to 52.0 in December from 52.1 the previous month, marking the weakest reading since June. New business grew at […]
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top sales ranking list of five years ago are still on the list, , while the other 47, mostly private developers have been replaced by mostly state owned counterparts, reports Caixin.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 […]
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 […]