Business News
Latest business news and updates
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Beijing’s Yield Advantage: The Strategic Window for Renminbi Internationalization
Former PBoC official Sheng Songcheng highlights a strategic window for the Renminbi's global expansion, fueled by China's low-interest-rate environment and the expansion of domestic firms into global supply chains. The shift marks a transition from state-led promotion to market-driven demand as the RMB becomes a competitive alternative for international financing.
The Cold Truth: China’s Liquid Cooling Giant Struggles to Profit from the AI Boom
Invic, a leading Chinese liquid cooling firm, reported an 82% drop in Q1 2026 net profit despite rising revenues, highlighting a severe 'growth without profit' crisis. The company is struggling with high raw material costs and intense competition as the AI data center cooling market becomes increasingly commoditized.
The Spilled Spirit: What Moutai’s Historic Decline Reveals About China’s New Economic Reality
Kweichow Moutai has reported its first annual decline in revenue and profit since its IPO, signaling the end of an era for the Chinese luxury icon. The slump reflects broader structural shifts in the Chinese economy, including the cooling property market and a demographic pivot away from traditional business banquet culture.
The End of the Education Premium: China’s School District Housing Faces a New Reality
While China's tier-one cities see a seasonal recovery in property transactions, the once-lucrative school district housing sector is undergoing a permanent structural decline. Government equalization policies and a collapsing birth rate have stripped these properties of their speculative value, signaling the end of the 'education-real estate' gold rush.
From Imperial Altars to Digital Carts: The $4 Billion Revitalization of China’s Agarwood Market
China's agarwood industry has transformed from a niche, opaque collectors' market into a $4 billion mainstream sector driven by livestreaming and young consumers. Through innovative design and supply chain transparency, the ancient incense is finding a second life as a standardized, modern luxury for Gen Z.
From Mogul to Mechanic: The Final Dismantling of Wang Jianlin’s Wanda Empire
The rebranding of Wanda Film to Ruyi Film marks the total exit of Wang Jianlin from his media crown jewel, signaling the final stage of his empire's dismantling. Despite selling off over 85 shopping malls and his film business to manage nearly 300 billion RMB in debt, Wang continues to face intense pressure from creditors and high-interest financing.
The Divergent Recovery: Why Goldman Sachs Sees a 2026 Bottom for China’s Tier-One Real Estate
Goldman Sachs forecasts a property market bottom for Shanghai and Shenzhen by late 2026, signaling a potential recovery despite shrinking mortgage balances at major state banks. While unsold inventory is finally beginning to drop, a sustained rebound will depend on improving income expectations and potential government interest subsidies.
Beijing’s Balancing Act: China Signals First Fuel Price Cut of 2026 Amid Global Crude Volatility
China is poised to implement its first domestic fuel price reduction of 2026, marking a break from a cycle of continuous hikes. The move follows strategic state interventions to cap energy costs and reflects a temporary softening in global crude oil prices.
Hemei Group’s Property Windfall: A Classic Tale of Chinese Corporate Survival
Hemei Group has returned to profitability in 2025 by selling 90 premium Shenzhen apartments and pivoting its core business toward the green energy sector. Despite the positive financial turn, the company continues to face legal challenges from investors regarding past misrepresentations.
Metallurgy and Marketing: The Bitter 'Copper War' Between China’s Cooling Giants
A public feud between Gree and Hisense over air conditioner motor materials has exposed the aggressive marketing tactics used in China's saturated appliance market. Hisense's claims suggest that the high price premiums for 'all-copper' units may far exceed the actual material costs, challenging long-standing industry narratives on quality.
Eli Lilly Bets $7 Billion on the ‘Holy Grail’ of Cancer Therapy to Diversify Beyond Weight Loss
Eli Lilly is acquiring Kelonia Therapeutics for up to $7 billion to gain access to its revolutionary in-vivo CAR-T technology. This strategic move aims to diversify Lilly's portfolio beyond its successful weight-loss business and establish a leading position in the high-growth oncology market.
China’s ‘Copper War’: Appliance Giants Gree and Hisense Clash Over Quality and Price Gouging
Gree Electric and Hisense are locked in a public dispute over the use of copper components in air conditioners, with Hisense accusing Gree of overcharging consumers for negligible material cost differences. The conflict marks a shift in the Chinese appliance market toward greater price transparency and technical scrutiny.