China Economic ReviewChina’s civil aviation authority has proposed a regulatory change to allow the domestically produced passenger jet, the C919, to use runways as narrow as 30m found in smaller airports. 45m is the global standard, but Boeing and Airbus do also use 30m ones for their 737s and A320s in some circumstances. The announcement by the […]
The country’s top 100 developers reported combined contracted sales of RMB 165.5 billion (US$24 billion) in January, down 27% from a year earlier, reports the South China Morning Post, citing data released over the weekend by China Real Estate Information Corporation (CRIC). Stress was particularly acute among offshore borrowers. The combined contracted sales of 18 major […]
China Vanke warned that its net loss for 2025 widened 65.7% year-on-year to approximately RMB 82 billion ($11.8 billion), reports Caixin. The deepening red ink at the state-backed giant underscores the severity of China’s property crisis, which has left Vanke with an estimated RMB 131.5 billion in losses over the past two years. The acceleration of […]
Alibaba has committed RMB 3 billion ($432 million) to promote its AI chatbot Qwen, report Caixin. This move escalates a Lunar New Year subsidy war with rivals Tencent and Baidu as China’s tech giants compete for consumer mindshare. Under the “Spring Festival Treat Plan,” Alibaba aims to attract new users and encourage habitual use of AI-driven […]
Shares of BYD sank to their lowest level in at least a year on Monday, leading a broader selloff in Chinese automaker stocks, reports Reuters. This came after they reported weaker sales in January as a revised subsidy scheme weighed on budget car brands. The selloff underscores growing investor concern that China’s carmakers are heading into […]