China’s new energy vehicle (NEV) production jumped 25% to 16.52 million units in 2025, while output of internal combustion engine vehicles shrank 1% to 18.25 million. The as the automobile sector also posted record revenue of RMB 11.2 trillion ($1.6 trillion) in 2025, up 7.1% year-on-year, but profit margins were just 4.1%, well below the […]
Category: Economics & Policy
At least 70% of European companies operating in China were reviewing their supply chain strategies, reports the South China Morning Post, citing a survey from the European Chamber of Commerce. This comes in response to geopolitical tensions and Beijing’s opaque policymaking, which appears to set back the country’s globalization efforts, according to the survey. 324 corporate […]
China is reviving a lottery-style tax receipt program across 50 cities in an effort to revive weak consumer spending and tighten tax enforcement, reports Caixin. The six-month trial lets consumers enter prize drawings by requesting an official tax invoice—known as a fapiao — for purchases over RMB 100 ($14). The initiative, outlined in documents from the […]
Texas will bar its employees from using Shein, Alibaba and TP-Link hardware and software, reports Reuters. The announcement was made by the governor, saying his state made the decision to protect the “privacy of Texans” from the Chinese government. The list also includes online commerce platform Temu and battery maker CATL, according to the statement from […]
China’s manufacturing powerhouse, Guangdong province, has reported a GDP growth rate of just 3.9% for 2025, falling short of the target for the province of 5%. While the figures have only been released for a few provinces/regions, Guangdong appears to be on the lower end. Manufacturing hubs Shandong and Zhejiang both announced 5.5%, while Shanghai […]