Government News
Keen interest expected in next round of land parcels - August 28, 2022
A new round of 35 land parcels designated for residential development in Shanghai will be on sale in September.
Retailers adjust formats to create demand - August 28, 2022
China's leading online retailers are posting slower growth, while physical stores are actively remodeling their offerings to suit shoppers' demand, according to latest industry figures.
E-Wallets Alipay, WeChat Pay start to accept online credit card withdrawals - August 26, 2022
Mobile payment platforms run by Chinese e-commerce giant Alibaba Group Holding and internet behemoth Tencent Holdings have begun allowing online withdrawals from credit cards to top up users’ balances.
With a Billion People, China’s Social Security System Is World’s Biggest, Minister Says - August 26, 2022
China has built the world's largest social security system, a scheme that covers more than 1 billion people, a government minister said.
BYD to launch new high-end electric car brand by year end, source says - August 26, 2022
BYD is preparing to launch a new high-end electric car brand priced at more than CNY1 million (USD146,000) before the end of the year, a source familiar with the matter told Yicai Global.
Ikea announces further investment in Chinese market - August 26, 2022
Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan ($772.9 million) in China in the fiscal year 2023, the company said in a press conference last Wednesday.
Report paints upbeat picture of China's robot industry - August 24, 2022
The scale of China's robot industry is expected to reach US$17.4 billion by the end of this year, with an annual average growth rate of 22 percent over the past five years.
China will be driving force for global auto market, says expert - August 24, 2022
China is expected to once again be the driving force for the world automotive market, with its auto sales accelerating further despite a global decline this year, an industry expert has said.
China's Small Goods Capital Yiwu Gets Back to Work as Lockdown Ends - August 24, 2022
Businessmen in Yiwu, eastern Zhejiang province are working long hours to catch up with a huge backlog of orders after a week-long lockdown to combat an outbreak of Covid-19 brought the ‘world’s small commodities capital’ grinding to a halt.
Juneyao Air's Parent Firm Declines to Comment on Rumor That It Is Branching Into NEVs - August 24, 2022
The owner of Chinese carrier Juneyao Air has refrained from commenting on a rumor circulating on social media that the conglomerate will start making electric cars, Shanghai Securities News reported yesterday.
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