China Extends Visa-Free Transit to 240 Hours
China extends visa-free transit to 240 hours across 60 ports, November indicators show stabilization, Trump signals a softer TikTok stance, and new platform tax rules are proposed.
2024 Newsletters
China Launches Antitrust Investigation Into NVIDIA
China's November CPI rises 0.2%, the trade surplus widens on strong exports, regulators open an antitrust probe into NVIDIA, and Jiyue faces a cash crisis.
South Korean Travelers Flock to China After Visa-Free Policy
South Korean weekend travel to China surges after visa-free entry, China's auto market faces deepening price wars, and UNESCO lists the Spring Festival as intangible cultural heritage.
China's Manufacturing PMI Edges Up to 50.3%
China's manufacturing PMI edges higher while non-manufacturing softens, Temu opens to U.S. sellers, Uniqlo's founder addresses Xinjiang cotton, and NEV makers post strong November deliveries.
China Expands Visa-Free Entry to 38 Countries
China widens its visa-free policy and extends stays to 30 days, Audi and SAIC launch the AUDI EV brand, Huawei teases the Mate X6, and Evan Kail visits China.
China's October Data Shows Rebound in Consumption and Trade
Key October indicators rebound, Shanghai announces new property tax policies, the U.S. tightens chip export rules on TSMC, and Li Ziqi returns after three years.
A-Share Account Openings Hit Record High in October
China's October CPI rises 0.3%, individual A-share account openings surge to a record, Shenzhou XVIII returns to Earth, and ByteDance dismisses 103 employees.
China's October Manufacturing PMI Returns to Expansion at 50.1%
China's manufacturing PMI edges above the 50 mark in October, provincial GDP data shows western growth, COMAC opens an Asia-Pacific office, and Lenovo sues ZTE in the UK.
16th BRICS Summit Opens in Kazan After Historic Expansion
The expanded BRICS bloc meets in Kazan, China reports September unemployment by age group, simulated lunar soil bricks head to the space station, and Porsche discounts cars in Shenzhen.
PBOC: Social Financing Stock Reaches CNY 402.19 Trillion
China's social financing stock rises 8% year-on-year, major banks cut deposit rates again, Beijing unveils a 2024–2050 space science program, and over 70% of earners owe no income tax.
China to End Australian Lobster Ban by End of Year
September CPI rises 0.4%, top private firms report job cuts, China signals an end to its Australian lobster ban, and the 136th Canton Fair opens amid shifting export demand.
A-Share Frenzy: Trading Tops CNY 1 Trillion in 20 Minutes
Chinese equities surge on the first trading day after the National Day holiday, Guangzhou sets tourism records, the EU approves tariffs on Chinese EVs, and major cities report a property sales spike.
China Markets Rally as Offshore Yuan Breaches 7 per Dollar
The offshore yuan breaks 7 per dollar, the Shanghai Composite tops 3000, and foreign investors return. Also inside: US-China trade tensions, Taobao-WeChat Pay integration, a live-streaming fine, and National Day travel.
What the Fed's Rate Cut Means for Chinese Consumers
The Fed's 50-basis-point cut and its ripple effects on the yuan, bonds and property. Also inside: delayed China-US flights, Meituan rider incomes, Luxshare's Leoni deal, and Mercedes-Benz's Denza exit.
China's August Retail Sales Rise 2.1% as Online Grows
China's August retail sales rose 2.1% year-on-year, with online sales up 8.9%. Also inside: export growth, Taobao's English app in Singapore, Huawei's Mate XT, and Typhoon Bebinca.
China's August CPI Climbs 0.6% on Higher Food Prices
China's August CPI climbs 0.6% year-on-year, led by pork and vegetables. Also inside: manufacturing opens to foreign investment, China's Canada trade probes, the mooncake market, and Black Myth: Wukong.
China's August Manufacturing PMI Slips to 49.1%
China's manufacturing PMI falls to 49.1% in August while non-manufacturing edges up. Also inside: C919 deliveries, Continental's leadership shake-up, IBM China layoffs, and falling late-summer travel prices.
Most Chinese Production Material Prices Fall in Mid-August
Most monitored production materials fell in price in mid-August 2024. Also inside: Geely's profit surge, Hilton's China expansion, Great Wall drone delivery, and Black Myth: Wukong's launch.
China's Property Slump Deepens in First Seven Months
China's real estate investment, sales and financing fall further in January-July 2024. Also inside: BRICS PAY interest, airlines suspending China flights, Pinduoduo's Colin Huang, and a Xiaomi SU7 crash-test row.
Yuan Firms Against the Dollar as Fed Cut Bets Grow
The yuan strengthens to about 7.17 per dollar amid Fed rate-cut expectations. Also inside: July CPI up 0.5%, China's 133 Fortune Global 500 firms, Yum China's Q2 results, and a Paris table tennis sweep.
China's July PMI Dips as Manufacturing Sentiment Softens
China's July manufacturing PMI slips to 49.4% and non-manufacturing eases. Also inside: Saudi PIF's $50bn China deals, Starbucks' Q3 China decline, Apple's WeChat standoff, and Chinese Olympic medals.
Chinese Tech Takes Center Stage at the Paris Olympics
Chinese firms supply cloud, AI and LED technology at the Paris Games. Also inside: Apple slips out of China's top five phone brands, LVMH's China slowdown, Honda's EV pivot, and Temu merchant fines.
China Pushes a New Model for Real Estate Development
Beijing proposes a rent-and-buy housing system and a new real estate development model. Also inside: Swiss watch sales slide, Xiaomi's annual product launch, and luxury carmakers ending their China price war.
China's GDP Grows 5.0% in First Half of 2024
China's first-half GDP grew 5.0% year-on-year. The issue also covers Nongfu Spring's water price cuts, Baidu's Apollo Go robotaxis in Wuhan, inbound tourism recovery, and HEYTEA's Paris pop-up for the Olympics.
China's Manufacturing PMI Holds at 49.5%, Non-Manufacturing Expands
China's manufacturing PMI held at 49.5% in June while non-manufacturing stayed in expansion. The issue also covers the opening of the Shenzhen-Zhongshan Corridor, Huawei's AITO trademark transfer to Seres, Starbucks China fee changes, and long queues at Shanghai Disneyland.
China's May FX Market Turnover Reaches CNY 23.89 Trillion
China's foreign exchange market recorded CNY 23.89 trillion in transactions in May. The issue also covers OpenAI ending API services in China, the yuan hitting a yearly low, a rural bank consolidation in Liaoning, and Xiaopeng's autonomous-driving push.
Shanghai, Shenzhen and Beijing Exchanges Resume IPO Acceptance
China's three major stock exchanges resumed IPO acceptance after months-long pauses. The issue also covers a nationwide tax survey, Audi's falling prices, Honor of Kings' global launch, and an incident at Manner Coffee.
China's May CPI Rises 0.3% Year-on-Year
China's May CPI rose 0.3% year-on-year, with food prices still falling. The issue also covers the EU's planned EV tariffs, a drop in Moutai prices, Chinese brands at Euro 2024, and Royole's bankruptcy filing.
China's May Exports Rise 7.6% as Imports Grow 1.8%
China's May exports rose 7.6% year-on-year while imports grew 1.8%. The issue also covers Dragon Boat Festival travel, May NEV sales, Vanke's on-time USD repayment, and visa-free entry trends.
China's May Manufacturing PMI Falls to 49.5%
China's manufacturing PMI slipped to 49.5% in May while non-manufacturing kept expanding. The issue also covers suspended ECFA tariff concessions for 134 Taiwanese products, BYD's fuel-car prediction, PwC's China audit losses, and Shanxi's flying-taxi push.
Yuan's Share of Global Payments Slips to 4.52% in April
The yuan's share of global SWIFT payments fell to 4.52% in April after a March peak. The issue also covers a surge in inbound visitors to China, saturation warnings in online car-hailing, Pinduoduo's Q1 results, and Zhang Kangyang's loss of Inter Milan.
PBOC Unveils Three Policies to Support China's Property Market
The People's Bank of China introduced three measures to support real estate, including lower down payments and a cut to the provident fund lending rate. The issue also covers April's deposit decline, the Shanghai Pass for inbound tourists, higher US EV tariffs, and EV makers' latest moves.
China's April CPI Edges Up 0.3% as Demand Recovers
China's April CPI rose 0.3% year-on-year as consumer demand recovered. The issue also covers the extension of visa-free entry for 12 countries, lifted housing purchase curbs in Xi'an and Hangzhou, higher high-speed rail fares, and Baidu's executive apology.
China's Manufacturing PMI Slips to 50.4% in April
April's manufacturing PMI eased to 50.4% while non-manufacturing stayed in expansion. The issue also covers a May Day shift toward county tourism, Zeekr's planned US listing, Tesla's China-driven share rally, and the Guangdong Meidai Expressway collapse.
China's First Sora-Class Video Model Vidu Launches
China launches Vidu, a Sora-class video model, at the Zhongguancun Forum; hotels drop mandatory facial recognition; the Beijing auto show opens with 117 global debuts; and Biden signs a TikTok ban.
China Logs 141 Million Exit-Entry Trips in Q1 2024
China records over 141 million exit-entry traveler trips in the first quarter, household savings approach CNY 110,000 per capita, Huawei's Pura 70 sells out, and kindergarten numbers fall.
China's March CPI Edges Up 0.1% Year-on-Year
China's March CPI rises 0.1% year-on-year and falls 1.0% month-on-month, Amazon and ByteDance cut staff, Blizzard returns to mainland China through NetEase, and JD.com invests in short video.
China's Forex Reserves Reach $3.2457 Trillion in March
China's foreign exchange reserves rise 0.62% in March, the low-altitude economy tops CNY 500 billion, Huawei plans CNY 77.095 billion in dividends, and Qingming holiday travel rebounds.
China's March Manufacturing PMI Returns to Expansion at 50.8
China's March manufacturing PMI rises to 50.8, back above the threshold; Alibaba links its 1688 platform with Taobao; Horizon Robotics files for a Hong Kong IPO; and Xiaomi's SU7 draws 50,000 orders.
China's Goods Trade Rises 8.7% in Early 2024
China's goods trade grows 8.7% in the first two months of 2024, the offshore yuan breaches 7.26 per dollar, Vanke faces a debt repayment peak, and CATL reports record profit and dividends.
Apple's Greater China Revenue Falls 13% as Huawei Rebounds
Apple's Greater China revenue drops 13% while Huawei retakes the top spot in Chinese smartphone sales, Tencent pushes WeChat video-account e-commerce, and Henan's lab-grown diamonds pressure prices.
Shanghai Composite Falls Below 2800 as A-Shares Slide
Chinese stock indices fall sharply with few gainers, Musk says Chinese automakers could dominate globally without trade barriers, Boeing delivers a 737 MAX to China, and Evergrande faces a liquidation hearing.
China's 2023 Car Exports Hit 5.221 Million, Topping Japan
China's 2023 auto exports reach 5.221 million units, likely overtaking Japan; shipbuilding leads the world for a 14th year; Apple cuts iPhone prices in China; and stock markets slide.
Huawei Trims Its North American PR Team
Huawei scales back its North American PR team, NVIDIA partners with Chinese game firms on AI digital humans, BOE plans a US$9 billion display plant, and Taiwan's DPP wins another term.
BYD Overtakes Tesla in Quarterly EV Sales
BYD edges past Tesla in quarterly electric-car deliveries, Harbin's New Year tourism booms, Mixue files for a Hong Kong IPO, and China opens an anti-dumping probe into EU brandy.
Xiaomi Unveils SU7, Its First Electric Vehicle
Xiaomi unveils the SU7 and five core car technologies, Alipay transitions to having no actual controller, visa-free arrivals from six countries rise, and manufacturing PMI falls for a third month.