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Yuan Trades in Narrow 6.77–6.79 Band Against Dollar The People's Bank of China (PBOC) continued to anchor the renminbi in a narrow range against the US dollar through July 2026, with the currency trading consistently
China's AI Champion Completes Record-Breaking Fundraising DeepSeek, the Hangzhou-based AI laboratory that has emerged as one of China's most prominent artificial intelligence companies, announced on June 16, 2026 the completion of its first-ever external fundraising round,
China's Top DRAM Maker Makes Explosive Market Entry ChangXin Memory Technologies (CXMT), China's leading producer of dynamic random-access memory (DRAM), made a spectacular debut on Shanghai's STAR Market on July 27, 2026, with shares
State Enterprises Deliver Solid Profit Gains State-holding industrial enterprises in China reported combined profits of 13.08 trillion yuan in the first half of 2026, a 17.9 percent increase year on year, according to data from the National Bureau
National Industrial Profits Hit 39.48 Trillion Yuan China's major industrial firms posted a robust 18.7 percent year-on-year increase in combined profits during the first half of 2026, reaching 39.48 trillion yuan (approximately $5.7 trillion)
China's Consumption Engine Revs Up: Services Retail Jumps 5.3% in H1 2026 China's total retail sales of consumer goods and services grew 2.7% year-on-year in H1 2026, with the services sector delivering an especially
China's High-Tech FDI Is Growing Three Times Faster Than Overall Inflows Foreign investment into China's high-tech sectors surged 33.2% in the first half of 2026, now accounting for 42.4% of total FDI — underscoring a
Foreign Investment Reshapes China's Economic Landscape in H1 2026 China attracted 4,021.4 billion yuan in foreign direct investment during the first half of 2026, as the number of newly established foreign enterprises grew by 5.3%
Four Months of Inventory Reduction China's unsold housing inventory fell for the fourth consecutive month in June 2026 — a tentative but meaningful signal that demand-side stabilisation measures and supply-side destocking policies are beginning to bite. The National Bureau
Shanghai's Best Month in 2026 Tesla's Shanghai Gigafactory delivered more than 89,000 electric vehicles in June 2026, a 24.4% year-on-year increase and the highest monthly output so far this year. For the first half,