Volkswagen was overtaken by Geely Auto in sales in China last year, reports Reuters. This makes the German car manufacturer’s sales drop to third place after losing its decade-long dominance in the world’s largest auto market to BYD 2024, industry data showed. Volkswagen’s two joint ventures in China with state-owned FAW and SAIC Motor held a […]
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Beijing has announced that one of its top priorities for 2026 is tightening export controls and safe-guarding supply chain resilience. The announcement made by the Ministry of Commerce said it would “tighten the safety net for opening up”, as it pledged to enhance legal frameworks and risk prevention. Chinese leadership has been increasingly using export […]
Mainland China’s retail and retail property sectors have suffered another blow amid a fresh wave of store closures by foreign and Hong Kong brands, reports the South China Morning Post. High-profile closures include Lane Crawford, Ikea, Triumph, Zara and Zara Home. Multinational furniture retailer Ikea said seven mainland stores would cease operations from February 2. As of December 31, German lingerie maker Triumph Group […]
China’s top-tier cities struggled with a worsening glut of premium office space in 2025, as new supply outpaced demand by more than double, reports Caixin. The oversupply was most severe in the southern tech capital of Shenzhen, where the supply-demand ratio soared to 2.7 to 1—far higher than levels in other major markets. Muted demand has […]
China has launched a market competition probe and assessment for its food delivery platforms, reports the South China Morning Post. Analysts said the move was an affirmation of the country’s determination to continue to combat self-defeating competition. “Recently, issues such as excessive subsidies, price wars and control over traffic flow in the online food delivery platform […]