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 […]
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Hesai Group, the world’s largest maker of vehicle “lidar” sensors, has struck a partnership with US chip giant Nvidia to help develop an autonomous driving platform, reports the South China Morning Post. The move comes as the Shanghai-based firm pushes its global expansion. Hesai said that its light detection and ranging (lidar) sensors–which use laser beams […]
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 […]
Chinese toymaker Pop Mart has added manufacturing facilities in Mexico, Cambodia and Indonesia as it broadens its supply network to meet surging global demand, reports Reuters. Pop Mart, best known for its toothy doll Labubu, does not operate its own factories but works with local manufacturing partners. The company said the partner-led network will boost capacity […]
China’s state stockpiler Sinograin bought 10 US soybean cargoes this week, reports Reuters citing inside sources. The world’s top buyer is continuing to purchase from the United States following a late October trade truce. The cargoes, totalling around 600,000 metric tons, are for shipment between March and May, the traders said, which is the peak shipping season […]