Business News
Latest business news and updates
Total: 2030
CATL’s $32 Million Daily Profit Underscores China’s Unshakable Grip on the Global Battery Chain
CATL reported a nearly 50% jump in Q1 2026 profits, surpassing market expectations and generating roughly $32 million in daily earnings. The company is now pivoting toward a vertically integrated mining strategy, enlisting veteran mining expertise to secure its supply chain amid a booming energy storage market.
Safety Over Specs: Volvo’s Flagship EV Launch Signals a Strategic Pivot in the Chinese Market
Volvo celebrated its 99th anniversary in Beijing by launching pre-sales for its EX90 and ES90 electric flagships. The company is positioning its heritage of safety as a primary luxury differentiator to compete against both traditional German rivals and tech-focused Chinese EV manufacturers.
Old Guard Yields to Green Giants: CATL Surpasses PetroChina in A-Share Milestone
Chinese markets saw a historic shift as battery giant CATL overtook PetroChina in market value, signaling the dominance of green technology over traditional energy. The opening gains were supported by a surge in the film and battery sectors, alongside optimistic forecasts for AI-driven hardware demand and a potential de-escalation in Middle Eastern tensions.
Green Shoots in the Concrete Jungle: China’s Tier-1 Property Prices Pivot to Growth
China's Tier-1 cities saw a month-on-month increase in residential property prices in March 2026, signaling a potential stabilization in the country's most valuable markets. Despite these localized gains, year-on-year data shows a continued structural decline across the broader national property sector.
From Screen Legend to "Clumsy" Crusader: The Fragile Survival of Li Yapeng’s Yanran Hospital
Li Yapeng's Yanran Angel Children's Hospital has survived a massive rent arrears crisis through an unprecedented wave of public and celebrity donations. The event underscores the tension between personal business failure and philanthropic commitment in China's celebrity-driven social economy.
Jilin’s Green Gambit: Transforming Wind and Solar into the ‘New Oil’ of Northeast China
Jilin Province is leveraging its wind and solar resources to become China's premier hub for green hydrogen and its derivatives, aiming to revitalize its industrial base. Through massive infrastructure projects and integration with local automotive and rail giants, the province is positioning itself to lead the nation's transition toward a hydrogen-based economy by 2030.
The Razor-and-Blade Trap: China Cracks Down on 'Hidden Rules' in the Medical Device Trade
Chinese regulators are penalizing medical device companies that provide 'free' equipment to hospitals in exchange for exclusive consumable contracts. This crackdown targets the 'lock-in' business model of the In Vitro Diagnostics industry to prevent market monopolization and promote fair competition under revised anti-bribery laws.
A $166 Billion Retraction: US Courts Dismantle the 'Trade-by-Decree' Era
The U.S. government will return $166 billion in tariffs to importers following a Supreme Court ruling that found the use of emergency powers for trade duties was illegal. A new automated system will streamline these massive payouts, which affect over 300,000 businesses nationwide.
China’s Uneven Expansion: Industrial Power Buffers a Persistent Property Crisis
China's GDP grew by 5.0% in Q1 2026, driven by a 6.1% surge in industrial output despite a continued 11.2% collapse in property investment. The data highlights a growing imbalance between strong state-led production and weak domestic consumption, which rose only 2.4%.
Boiling Over: The Human Cost of Haidilao’s Fading Hot Pot Hegemony
Haidilao founder Zhang Yong has apologized to employees after an internal probe revealed staff were forced to pay for customer gifts out of their own wages. The scandal highlights the structural strain on the company as it faces declining profits, falling turnover rates, and a massive reduction in its workforce.
Beijing Imposes Lifetime Liability to Curb Wasteful State Investment and Local Debt
The Chinese State Council has introduced a landmark reform to the investment approval system, mandating lifetime accountability for officials to prevent wasteful spending and local debt. The guidelines aim to tighten oversight on state-owned enterprises while streamlining bureaucracy to attract private investment in infrastructure.
The Copper Standard: Gree and Hisense Clash as Rising Material Costs Pressure China’s HVAC Giants
Gree Electric and Hisense are locked in a public dispute over 'copper integrity' in air conditioners as record-high copper prices force Chinese manufacturers to choose between quality branding and cost-cutting aluminum substitutions.