# China
Latest news and articles about China
Total: 855 articles found
Beefed-Up Fiscal Push and Industrial Targets: China Signals a Big Economic Reset at NPC Press Conference
At the NPC economic press conference, Beijing announced record fiscal spending, a large new government bond issuance and coordinated monetary easing while unveiling social, industrial and infrastructure targets for the coming Five-Year Plan. The package pairs near-term demand support with long-term state-led investment in six emerging sectors and major energy and transport projects, alongside capital-market reforms and stronger investor protections.
China Set to See Biggest Fuel Price Jump This Year as Global Oil Rally Pushes Retail Pump Prices Higher
A sharp global oil rally has pushed international benchmarks to multi‑month highs, triggering China’s scheduled fuel‑price review on March 9. Regulators are expected to raise retail caps by about 500 yuan per tonne, the largest increase this year, raising pump prices and transport costs for consumers and businesses.
China’s Provinces Race to Build a 10-Trillion-Yuan AI Economy — But Each Is Betting on a Different Path
China has made the development of an ‘intelligent economy’ a national priority, with central targets to grow AI‑related industries to more than 10 trillion yuan. All 31 provinces have laid out AI plans for 2026, but strategies vary widely: Beijing focuses on research and governance, Shanghai on finance and open source, coastal provinces on manufacturing upgrades, and interior regions on compute and niche specialisation.
From Total Blockade to Precision Strikes: How Iran’s Strait of Hormuz Tactics Threaten a Fresh Oil Shock
Iran’s recent toggling between closing the Strait of Hormuz and targeting only Western-linked vessels has injected fresh volatility into oil markets, driving weekly price jumps and heightening geopolitical risk. Tehran’s calibrated strikes aim to pressure the United States and its allies while limiting damage to Iran’s own oil revenue, but the situation leaves global consumers and Asian importers dangerously exposed.
Beijing’s 2026 Push to Raise Incomes: A Broad Plan to Turn Paychecks Into Consumption
Beijing has enshrined a new urban and rural residents’ income plan in the 2026 government work report, combining wage, social‑security and wealth‑income measures to lift household incomes and stimulate consumption. The move responds to weak external demand and aims to rebalance growth toward domestic consumption, but success depends on sustained, coordinated implementation and financial safeguards.
State-backed funds inject ¥6.46bn into CGN’s Yunnan renewables push, accelerating provincial green build-out
CGN’s Yunnan new‑energy arm has raised ¥64.6bn from five state‑linked institutional investors, marking one of the largest single strategic financings in Yunnan’s clean‑power sector. The deal underlines strong domestic institutional appetite for long‑term renewables assets while highlighting the need for concurrent transmission and market reforms to avoid curtailment and unlock full value.
Once China’s Milk‑Tea Champion, Xiangpiaopiao Sees Profits Halved as Business Model Wobbles
Xiangpiaopiao, once the leading listed milk‑tea brand in China, reported a 2025 net profit decline of roughly 50–60% and an 11% drop in revenue, driven by weak sales of seasonal brewed products. The company is pursuing diversification—opening fresh tea shops and planning a factory in Thailand—but these moves carry execution risk and will likely require sustained investment before improving results.
China’s Provinces Race for a ¥10-trillion AI Prize — 31 Regions, 31 Strategies
Beijing, Shanghai and all 29 other Chinese provinces have incorporated AI into their 2026 work plans as Beijing aims to anchor research and standards, Shanghai leverages strategic capital, and manufacturing provinces pursue application-led upgrades. The country’s objective to grow AI‑related industries to more than ¥10 trillion has produced a differentiated national push that blends metropolitan R&D, financial instruments, factory automation and regional niche plays.
China Bets Big on Beidou: From Phone Maps to Driverless Cars and a Trillion‑Yuan Industry
China’s NDRC has announced a major push to expand Beidou satellite navigation into consumer and industrial applications, targeting more than 1 trillion yuan in industry scale within five years after estimating 620 billion yuan by 2025. The programme prioritises autonomous driving, the low‑altitude aerial economy and intelligent robotics as arenas where Beidou will provide high‑precision positioning, emergency communications and multi‑agent coordination.
Hisense Chairman Urges State 'Intelligent‑Agent' Platforms as AI Shifts to Industrial Deployment; Humanoid Robots Still Years from the Home
Hisense chairman Jia Shaoqian told China’s Two Sessions that AI is transitioning from hype to industrial application and urged the state to build shared “intelligent‑agent” platforms and an industrial knowledge base to convert tacit factory know‑how into actionable assets. He cautioned that humanoid robots remain immature for household use and recommended measured, demand‑led investment rather than chasing short‑term hype.
From Classrooms to Drill Squares: China’s Campaign to Instill Military Patriotism in Schoolchildren
Chinese military and local armed‑forces units have been staging immersive national‑defence education activities in schools—using hero stories, equipment displays, martial arts and themed exhibitions—to instil patriotic and pro‑military sentiment among children. The programmes form part of a sustained drive to deepen civil‑military ties and normalise the visibility of the armed forces in everyday life, with implications for recruitment, domestic legitimacy and how the public may respond to future security initiatives.
At the Crossroads: Gulf States Weigh Dependence on Washington Against a Turn to Beijing and Moscow
Gulf states are confronting a strategic crossroads as increased US‑Israeli pressure on Iran heightens regional risk and prompts Iranian warnings of retaliation that could threaten the Strait of Hormuz. Beijing and Moscow offer an alternative to Washington’s security umbrella, giving Gulf capitals room to pursue greater strategic autonomy, though each choice carries significant costs for security, economies and domestic stability.