China Economic Review

China’s monthly auto exports topped 1 million units for the first time in June, reports Caixin. This comes as automakers stepped up overseas shipments amid intensifying pressure at home. Exports jumped 75.1% from a year earlier to 1.04 million vehicles, according to data released Thursday by the China Association of Automobile Manufacturers. New-energy vehicles drove much [...

The European Commission has imposed ‌anti-dumping duties on the import of ​tyres for cars ​and lighter trucks and ⁠buses from China, reports Reuters. The ​duties, which followed ​an investigation launched in November last year, vary from 4.3% ​to 45.3%. “Imports ​of passenger car and light ‌lorry ⁠tyres from China were entering the EU at dumped ​pr...

Beijing has announced plans to reinvigorate bricks-and-mortar operators facing intense price competition from e-commerce platforms, reports the South China Morning Post. This comes as retail sales growth cooled in May to the slowest pace since December 2022 and persistent weakness remains in big-ticket items. The Ministry of Commerce, together with eight other relevant auth...

China has tightened regulations for low-altitude aviation within 300km (186.4 miles) of Beijing’s geographic centre after a small plane hit a skyscraper, reports the South China Morning Post. Authorities are now requiring mandatory background reviews for pilots, according to a veteran aviation analyst. The regulatory move affected crewed aircraft near Great Wall touris...

China’s securities regulator has approved Tencent-backed AI chip startup Shanghai Enflame Technology’s application for an initial public offering on Shanghai’s STAR Market, where the company plans to raise RMB 6 billion ($883 million), reports Caixin. Tencent Holdings has participated in five funding rounds for Enflame, investing a total of RMB 5.1 billion. Together with it...