Category: Economy
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PBOC Governor Tells Asheville G20: China Never Seeks Trade Surplus, Will Not Depreciate RMB for Advantage
Read more: PBOC Governor Tells Asheville G20: China Never Seeks Trade Surplus, Will Not Depreciate RMB for AdvantageSeptember 2, 2026 (InvestinChina.asia) — People’s Bank of China Governor Pan Gongsheng told the G20’s second finance ministers and central bank governors meeting of 2026 that rising trade protectionism, the “over-generalization” of national-security concerns, and unpredictable policy environments have become the principal drivers of worsening global imbalances, calling on surplus and deficit economies alike to…
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Chinese Automakers Report August Sales: BYD Tops 430K, Overseas Becomes Core Growth Engine
Read more: Chinese Automakers Report August Sales: BYD Tops 430K, Overseas Becomes Core Growth EngineSeptember 2, 2026 (InvestinChina.asia) — China’s major automakers released their August sales figures on September 1, with the overseas market emerging as the decisive growth driver. BYD’s passenger vehicle sales reached 433,000 units with overseas deliveries exceeding 180,000, while Leapmotor held above the 100,000-delivery threshold for a second consecutive month, and most other new-force brands…
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From $1 Trillion to the Next Frontier: China-ASEAN Economic Ties Deepen as 23rd CAEXPO Approaches
Read more: From $1 Trillion to the Next Frontier: China-ASEAN Economic Ties Deepen as 23rd CAEXPO ApproachesSeptember 1, 2026 (InvestinChina.asia) — Bilateral trade between China and ASEAN surged 24.7% year-on-year to US$744.41 billion in the first seven months of 2026, accounting for 21.8% of China’s total foreign trade, officials announced at a State Council Information Office press conference in Beijing on Tuesday. The press briefing, led by Vice Minister of Commerce Yan Dong,…
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China’s Seven Ministries Set 60 Trillion Yuan Retail Target for 2030 in Sweeping Consumption Upgrade Plan
Read more: China’s Seven Ministries Set 60 Trillion Yuan Retail Target for 2030 in Sweeping Consumption Upgrade PlanSeven Chinese ministries led by the Ministry of Commerce have jointly released a comprehensive implementation plan to expand and upgrade goods consumption, setting an ambitious target of lifting total retail sales of consumer goods to approximately 60 trillion yuan (about US$8.4 trillion) by 2030. The Implementation Opinions on Promoting the Expansion and Upgrading of Goods Consumption, issued under…
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Beijing Shifts Investment Promotion From “Preferential Deals” to “Business Environment” as Cabinet Passes Draft Tax Administration Law
Read more: Beijing Shifts Investment Promotion From “Preferential Deals” to “Business Environment” as Cabinet Passes Draft Tax Administration LawThe State Council on Monday steered China’s investment-promotion machinery away from subsidy-and-incentive competition toward a model built on business environment, industrial ecosystem and high-quality government services, while passing a draft revision of the Tax Administration Law that officials say will advance tax fairness and improve fiscal governance. Presiding over the executive meeting, Premier Li Qiang…
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China’s Solar PV Capacity Surpasses Coal Power for the First Time, Reshaping Power Supply
Read more: China’s Solar PV Capacity Surpasses Coal Power for the First Time, Reshaping Power SupplySeptember 1, 2026 (InvestinChina.asia) — China’s installed photovoltaic (PV) capacity has surpassed coal-fired power for the first time, making solar photovoltaics the country’s largest power source by installed capacity, the National Energy Administration (NEA) announced on Tuesday. As of the end of July, China’s cumulative PV capacity reached 1.286 billion kilowatts (1,286 GW), narrowly exceeding coal-fired…
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China’s State-Owned Enterprises: January–July Profit Edges Up 0.6% as Revenue Slips 2.4%
Read more: China’s State-Owned Enterprises: January–July Profit Edges Up 0.6% as Revenue Slips 2.4%August 31, 2026 (InvestinChina.asia) — Profits at China’s state-owned and state-holding enterprises (SOEs) rose a modest 0.6% year on year in the first seven months of 2026, even as total operating revenue declined, the Ministry of Finance said on Monday. Combined profit of the SOE cohort reached 2,508.99 billion yuan (approximately $349 billion) over the January–July period,…
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China Steps Up AI Commercialization Push with Service Provider Resource Pool, Token Procurement Support
Read more: China Steps Up AI Commercialization Push with Service Provider Resource Pool, Token Procurement SupportAugust 31, 2026 (InvestinChina.asia) — The Ministry of Industry and Information Technology (MIIT) on Monday unveiled a special campaign to cultivate artificial intelligence application service providers, setting explicit headcount targets for a national resource pool and throwing policy weight behind procurement of large models, agents and tokens, as well as the overseas rollout of AI…
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Cost Pressures Return as China’s August Factory Gate Prices Re-enter Expansion
Read more: Cost Pressures Return as China’s August Factory Gate Prices Re-enter ExpansionAugust 31, 2026 (InvestinChina.asia) — A recovery in domestic demand drove a repair in China’s manufacturing Purchasing Managers’ Index (PMI) for August, lifting the “visibility” of an economic bottom, according to a research note by Guolian Minsheng Securities. Yet the headline gauge still sat below the 50-point neutral threshold, and the improvement was concentrated in…