China’s revenue from residential land sales fell about 65% in 2025 from its 2020 peak, as a prolonged property downturn forced even state-backed investment vehicles to scale back, reports Caixin citing date from the China Index Academy. Land sales rose quite strongly in early 2025 because of purchases by state-owned enterprises to offset problems with […]
Category:
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top sales ranking list of five years ago are still on the list, , while the other 47, mostly private developers have been replaced by mostly state owned counterparts, reports Caixin.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 […]
Honda Motor said it will extend a production halt at three car plants in China by two weeks due to a semiconductor shortage, reports Reuters. This halt highlights persistent supply chain strains for Japan’s second-biggest automaker. The factories, run with Guangzhou Automobile Group had been set to restart operations on Monday but will now resume on […]
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 […]