Thai Firm Sues China's Luckin Coffee for 10 Billion Baht
Thailand's 50R Group is suing China's Luckin Coffee over trademark infringement, as the UN recognised Chinese New Year and China moved to curb gaming spending.
2023 Newsletters
China Overtakes US as World's Largest Coffee Shop Market
China now has nearly 50,000 branded coffee shops, surpassing the United States, while East Buy's management shake-up and NetEase's market-cap rise drew attention.
China's November CPI Falls 0.5% as Deflation Pressure Persists
China's consumer price index fell 0.5% year-on-year in November, while Singapore and other countries moved toward 30-day mutual visa exemptions with China.
China Industrial Profits Down 7.8% in January-October
Profits at China's large industrial firms fell 7.8% in the first ten months of 2023, as EV makers posted strong November sales and Pinduoduo briefly overtook Alibaba.
China Grants Visa-Free Entry to Six Nations from December
China waives visas for France, Germany, Italy, the Netherlands, Spain and Malaysia from December 1, as NIO and Changan partner on battery swaps.
PBOC Signals Continued Support as M2 Grows 10.3%
October M2 rose 10.3% year-on-year as the PBOC signalled continued monetary support, while Double Eleven beauty sales and the Biden-Xi summit drew attention.
Shenzhen State Assets Backs Vanke Amid Property Debt Fears
Shenzhen's state asset regulator pledged support for Vanke as property debt worries weighed on its shares, alongside October deflation data and rising AI salaries.
Sixth China International Import Expo Opens in Shanghai
The 6th CIIE runs in Shanghai from November 5 to 10, alongside the Wuzhen World Internet Conference and official denials of seniority-based retirement rumours.
China Industrial Profits Fall 9.0% in First Three Quarters
Profits at large Chinese industrial firms fell 9.0% over the first three quarters, while Nike Greater China adopted a four-day week and Zhong Shanshan topped the Hurun rich list.
China's Q3 GDP Grows 4.9% as Property Sector Contracts
Preliminary data show China's economy grew 4.9% in the third quarter, as the Shanghai Composite fell below 3,000 points and 2022 births dropped to 9.56 million.
US Grants Samsung and SK Hynix Waivers for China Chip Plants
Washington lets Samsung and SK Hynix keep supplying their China chip plants, as Chuck Schumer meets Xi Jinping and Indonesia bans commerce on TikTok Shop.
China PMI Returns to Growth as Industrial Profits Keep Falling
September manufacturing PMI rose to 50.2 while profits at large industrial firms stayed 11.7% lower, alongside Evergrande's Xu Jiayin case, esports at the Asian Games and a record Golden Week.
National Day Train Tickets Sell Out Within Seconds
National Day train tickets sell out instantly, Huawei and Xiaomi sign a patent cross-licensing deal, the EU probes Chinese EVs, NIO unveils a phone, and Hangzhou opens the Asian Games.
Chinese Automakers Make Their Mark at Munich Motor Show
Chinese brands dominate at IAA Mobility 2023, Ant Group unveils a financial large language model, Beijing creates a private economy bureau, Foxconn ramps up iPhone hiring, and India imposes steel duties.
Huawei Launches Mate 60 Pro Despite US Sanctions
Huawei's surprise Mate 60 Pro release, August PMI at 49.7%, the Moutai and Luckin co-branded coffee, the "recognising properties but not the mortgages" policy, and Yi Jianlian's retirement.
BRICS Invites Six Countries to Join in Expansion
BRICS invites six new members, China suspends Japanese seafood imports over Fukushima water, Japanese restaurants feel the fallout, stamp duty is halved, and the Chengdu Auto Show opens.
PBOC Holds Five-Year Loan Prime Rate at 4.2%
The PBOC leaves its mortgage benchmark unchanged, youth unemployment data is paused, Myanmar awaits Chinese tourists after "No More Bets", and Li Wen's recording hits Star China Media's stock.
China's July Trade Falls as Year-to-Date Figures Hold
July imports and exports drop 13.6% while first-seven-month figures stay broadly stable, plus Huawei's H1 revenue, Country Garden's bond strain, weak inbound tourism, and a lottery spending surge.
Luckin Coffee Overtakes Starbucks in China
Luckin Coffee tops Starbucks by revenue, July box office hits a record CNY 8.716 billion, TFBOYS ticket prices surge, a domestic 5.0T MRI breakthrough, and Bookschina.com's flood losses.
China's Industrial Profits Fall 16.8% in First Half
First-half industrial profits drop 16.8%, July PMI stays in contraction, BYD shelves a US$1 billion India plant, VW takes a stake in XPeng, and a record week for northbound funds.
Audi and SAIC Partner to Accelerate EV Push in China
Audi's strategic partnership with SAIC, H1 2023 vehicle sales, Evergrande's record losses, Visa and Mastercard on Alipay and WeChat Pay, and Henry Kissinger's warm Beijing welcome.
China's GDP Grows 6.3% in Q2, 5.5% in First Half
China's Q2 and first-half GDP growth, a sharp June fall in imports and exports, steady CPI, first-half disposable income, and COMAC's second C919 delivery to China Eastern Airlines.
BYD to Invest US$620 Million in Three Brazil Plants
BYD's US$620 million Brazil complex, Iran's entry into the Shanghai Cooperation Organisation, the retracted EV pricing pledge, Ant Group's US$984 million fine, and China's gallium and germanium export curbs.
China's June Manufacturing PMI Edges Up to 49.0
China's June manufacturing PMI improves slightly as small firms lag, plus the Pentagon's balloon findings, WeChat Pay's campus fee dispute, Trip.com's baby subsidy, and falling Shanghai home prices.