2026-11-11
Recently, a store at Shenzhen MixC issued a notice stating that, in order to cooperate with the APEC 'Green Travel, Smooth Traffic' campaign, parking of e-bikes and bicycles will be strictly prohibited on surrounding roads. All employees are required to commute by subway or bus from November 11 to 21 to avoid having their vehicles seized.
2026-11-06
A report released by Bloomberg Economics on November 6 stated that if the Democratic Party slows down AI investment and data center construction after a major victory in the U.S. midterm elections, China's growth, which relies on AI hardware exports, will be hit. Net exports contributed nearly 40% of China's economic growth in the third quarter, and chips and computer products accounted for 40% of the year-on-year increase in exports in the first nine months.
2026-11-06
At the Bu Ming Bai Festival held in Tokyo, the Bu Ming Bai Podcast invited Professor Xu Chenggang to discuss the institutional logic behind China's economic growth and recession, as well as how ordinary people can cope, using his book 'The Institutional Genes' as a starting point.
2026-10-26
On October 26, Bloomberg reported on a Morgan Stanley study saying that the Chinese stock market may not have bottomed out yet, and that offshore Chinese stocks could fall another 10%–15% before approaching historically low valuations, with weak economic consumption, pressure on e-commerce, and fears of tax-triggered selling of trusts intensifying the adjustment.
2026-10-25
Bloomberg reported on October 25 that China's stock market has shrunk by about $3.5 trillion from its high earlier this year in May, with the CSI 300 index falling into a bear market the previous week, as weak consumption and price wars squeeze corporate profits.
2026-10-20
On October 20, the Ministry of Industry and Information Technology acknowledged that some automakers engage in bandwagon product launches and have problems such as insufficient testing and verification, and said it will resolutely prevent unreasonable innovation designs from entering the market.
2026
Affected by soaring fuel prices and factors such as the conflict between Iran and the United States, consumers have been looking for cheaper alternatives, and sales of electric two-wheelers in Pakistan grew 173% in the first half of 2026.
2026-10-15
According to a report by Clash Report, Maximilian Krah, a Bundestag member of the Alternative for Germany (AfD), said in an interview that if Germany wants to restore some of its competitiveness, it must curtail union rights and amend labor law to achieve greater flexibility, noting that under current regulations Germany cannot compete with China in the electric vehicle sector.
2026-10-15
According to a report by the Financial Times on October 15, Citroën plans to launch a €15,000 all-electric 2CV in 2028, while Volkswagen will introduce the €25,000 ID.Polo; Chinese brands took about one-third of the stands at the Paris Motor Show for the first time, and AlixPartners expects them to account for 16% of European sales by 2030. Changan plans to expand production in Europe, and Chery will start production in Spain.
2026-10-13
On October 13, the IMF released its latest World Economic Outlook, raising Taiwan's 2026 growth forecast from 5.2% in April to 10.7%, while lowering the mainland's forecast by 0.1 percentage points to 4.5%; Taiwan's growth is mainly driven by demand for AI and advanced chips.
2026-10-11
According to a report by the Financial Times, China's economic growth in the second quarter fell to 4.3%, below the full-year target range of 4.5% to 5%. Retail sales and fixed-asset investment were weak, and the property market has been in a downturn for more than five years.
2026-10-11
Srinivasan, head of the International Monetary Fund's Asia Department, noted that China's growth model of relying on investment, manufacturing and exports is approaching its limits, and suggested improving the social security system, adjusting local government incentives and the land-finance model, warning that otherwise the country could fall into a prolonged slowdown.
2026-10-11
Research by the Conference Board shows that interest payments on the debt of China's central and local governments are expected to reach 1.4 trillion yuan in 2026, far exceeding the roughly 348 billion yuan in 2014; central government debt service is projected to rise to 19.2% of the general public budget.
2026-10-10
On October 10, four departments including the Ministry of Industry and Information Technology released a draft for public comment, proposing to ban cars from being equipped with fully flush door handles, prohibiting the use of zero-gravity seats, rotating seats, or seats folded flat into a bed while driving, and requiring models already announced to submit supplementary verification materials before July 1, 2027; those with safety hazards past the deadline must halt production and issue recalls, while new models must undergo environmental adaptability verification of no less than 1 year and reliability verification of no less than 30,000 kilometers. The document is still under public comment.
2026-10-10
In the early hours of October 10, a fire broke out in a three-story residential house in Xintang Town, Guangzhou, caused by the homeowner parking and charging an electric bicycle indoors. The fire destroyed two electric vehicles and one gasoline car, but fortunately no one was injured.
2026-10-10
On October 10, a hospital in Chifeng, Inner Mongolia banned electric vehicles from entering its grounds. Delivery vehicles parked on the roadside risked being towed by traffic police, so a large number of delivery riders gathered on bikes at the hospital entrance and surrounding roads to defend their rights. Police and traffic officers arrived at the scene.
Location: Chifeng, Inner Mongolia, Inner Mongolia ·
Importance II ·
Verification: Reported ·
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2026-10-08
On October 8, The Wall Street Journal reported that, facing difficulties such as the real estate downturn, insufficient domestic demand, and second-quarter GDP growth slowing to 4.3%, the stimulus measures introduced by the Chinese government — including mortgage subsidies and capital injections into banks — lean toward caution and are unlikely to fundamentally reverse the economic weakness.
2026-10-08
On October 8, Dongchedi released a test video claiming that during a continuous emergency braking test from 100km/h to 0, the brake pedal brackets of three Zunjie V800 units priced between 766,000 and 1,016,000 yuan broke in succession, with none lasting more than 4 hard stops, contrasting with the official website's promotion of "multiple redundancy, steady as Mount Tai." There is online dispute over the force readings in the test, and the cause of the breakage remains to be verified.
2026-10-03
On October 3, Xiaoxiang Morning News reported that a car owner from Gansu arrived at the Luotang service area on the Lanhai Expressway at 10 p.m. on September 30, and didn't manage to charge until 5 a.m. on October 1. With nighttime temperatures around 14°C, he didn't dare turn on the air conditioning, while another vehicle ran out of power and had to call a tow truck. At the Baolun service area in Sichuan, a car owner queued for 4.5 hours, charged to 75%, and then had to leave.
2026-09-30
On September 30, the International Monetary Fund (IMF) published a new book, "Toward a New Growth Model for the Chinese Economy," on its official website, pointing out that linking local officials' performance evaluation to GDP targets has led to infrastructure expansion, land-sale financing, and the accumulation of local government financing vehicle (LGFV) debt. LGFV cash flows can cover only about one-quarter to one-third of interest payments. The book recommends improving social security, advancing household registration (hukou) reform, and increasing the progressivity of the tax system.
2026-09-29
The fiscal interest subsidy policy was officially announced on September 29 and went into effect at the start of the National Day holiday; combined with developer discounts, it drove up new home transaction volumes in some key cities.
2026-09-29
An X account named “所谓伊人在水一方” uploaded a video of a female teacher talking about student safety, in which she reminds high school students to guard against strangers, vehicles, and the risk of losing contact.
2026
The video's author lists indicators from the first half of the year — contracting consumption, high-ranking officials falling from power, declines in fiscal revenue and household savings, and rising unemployment and credit defaults — claiming all have set historical records; no unified source can be found for any of the data.
2026-09-23
A fire broke out in the Shuangyunli residential community in Xihu District, Hangzhou, Zhejiang Province, and the entire building was engulfed in thick smoke.
2026-09-22
On September 22, Li Auto released an advertisement in collaboration with actor Xie Mian. Due to its striking similarities in creativity, composition, and camera movement with Volvo's 2013 ad starring Jean-Claude Van Damme, it triggered netizens' accusations of plagiarism.
2026-09-18
In a conversation, Morgan Stanley's Chief Economist for China, Xing Ziqiang, pointed out that China's social security expenditure accounts for only about 8% of GDP, far below the OECD average of 25% and the levels of developing countries with similar per capita GDP, and also mentioned group disparities in the enjoyment of public services.
2026-09-19
On September 19, Huang Yiping, a member of the Monetary Policy Committee of the People's Bank of China, stated at the Beijing Economic Forum that artificial intelligence may exacerbate the contradiction between China's overcapacity and insufficient household purchasing power. He pointed out that distribution leaning toward capital leads to weak demand, and suggested increasing the proportion of household income through market-oriented reforms, while the central government borrows to repair the balance sheets of local governments and enterprises.
2026-09-18
On September 18, during a special governance campaign for e-bikes in Changsha, Hunan, traffic police intercepted e-bikes on the road at 4 a.m. A citizen was intercepted on the spot for failing to wear a safety helmet as required and was fined 20 yuan. The incident sparked heated discussions online, with netizens mocking the excessive law enforcement efforts.
2026-09-19
At the Tsinghua Wudaokou Chief Economists Forum, four scholars—Lin Yifu, Yu Yongding, Yao Yang, and Li Xunlei—concentrated their efforts to call on the central government to adopt expansionary fiscal policies and bail out local government debt.
2026-09-18
On the anniversary of the September 18 Incident, official media in Zhumadian, Henan released a video showing e-bike owners voluntarily getting off their vehicles to observe a moment of silence during an air raid siren, which led to a traffic jam and sparked mockery from netizens.
2026-09-15
On September 15, The Wall Street Journal published an article pointing out that while China can avoid a sudden financial crisis through its state-controlled financial system, the losses from real estate and bank bad loans will not disappear. Economist Michael Pettis believes that the losses will be borne by ordinary residents in the long run through low deposit returns and shrinking asset values, rather than manifesting in public forms such as bank failures.
2026-09-15
Starting September 15, Shanxi Province implemented new e-bike regulations prohibiting electric bicycles from carrying two children at the same time. This move has caused commuting difficulties for multi-child families. Furthermore, schools failed to emphasize safety during publicity campaigns, instead demanding parents not to bring disgrace to the school, triggering public controversy.
2026-09-17
On September 17, it was reported that Huawei AITO has withdrawn from the Harmony Intelligent Mobility Alliance and Huawei retail stores. Related claims suggest that Seres will take full control of AITO, possibly due to chaotic operational conditions at AITO and internal changes within Huawei. The source did not provide official statements from Huawei or Seres, only stating that this adjustment has already occurred and describing it as a sudden withdrawal by Huawei from the relevant business system.
2026-09-17
Changsha has started a large-scale crackdown on e-bikes. Online rumors claim the trigger was a delivery worker colliding with the Deputy Secretary of the Hunan Provincial Party Committee. The official notification did not respond to the rumors.
2026-09-15
On September 15, German Chancellor Merz criticized China at the Berlin Entrepreneurs' Conference, stating that through state intervention, overcapacity, and export subsidies, China has driven the EU's trade deficit with China to over 300 billion euros. EU leaders plan to discuss in October whether to deploy trade defense instruments.
2026-09-15
On September 15, Hongmeng Smart Mobility announced that the definition, marketing and service of the Wenjie product would be taken over by Seres, with Huawei only providing empowerment. The news sparked concerns of car dealers selling off, and Seres' stock closed down 5.09% that day, after having turned from profit to loss in the first half of the year.
2026-09-15
According to revelations, on September 15th, the Deputy Secretary of the Hunan Provincial Party Committee was allegedly knocked down by an electric bicycle ridden by a delivery worker while on a private visit in disguise during his vacation, triggering a subsequent large-scale rectification campaign.
2026-09-15
Wen Bin, chief economist at China Minsheng Bank, published a column on September 15 saying that the financing structure in August continued to optimize and better match new quality productive forces; the claim is accused of masking the contraction of credit in the private sector.
2026-09-12
On September 12, a blogger was live-streaming a test of Li Auto's latest smart driving system when the vehicle, despite a large vehicle passing quickly, accelerated out of a side road onto the main road at 37 km/h. The blogger narrowly avoided a collision by slamming on the brakes. The blogger later revealed that this dangerous situation had occurred multiple times, and the live stream was subsequently banned.
2026-09-08
In 2023, China's passenger car production capacity had already reached 55 million units, and it is now at least 60 million units, while actual automobile output is about 34.4 million units, with capacity utilization of at most 50%. The idle capacity is mainly concentrated in domestically produced electric vehicles.
2026-09-08
According to an analysis released in September 2026, China's massive subsidies for electric vehicles mainly began in 2015, and the cumulative scale of direct and indirect subsidies is projected to have reached 3 trillion yuan.
2026-09-08
Under the impact of domestically produced electric vehicles, joint-venture brands' sales in the Chinese domestic market fell 44.1% in July 2026.
2026-09-08
Former auto giant Ford has been retreating step by step in the Chinese market, and has even exited the Chinese market.
2026-09-08
Chinese car sales in Thailand have overtaken Japanese cars, breaking the long-standing dominance of Japanese automakers in the Southeast Asian market; in Australia they have also surpassed Japan to become the largest source country of car imports.
2026-09-04
On September 4, 2026, Musk posted to announce that the motors of Tesla's Cybercab robotaxi have completely freed themselves from reliance on rare-earth metals, seen as a key technological breakthrough in responding to China's supply-chain control over rare-earth export restrictions.
2026-09-03
On September 3, 2026, an AITO car owner posted a video revealing that while filming the old battery during a faulty power battery replacement at a 4S dealership, after-sales staff snatched his phone twice and forcibly unlocked his photo album to delete the photos.
2026-09
As the lives of ordinary people grow ever harder, the Chinese Communist Party authorities seem to turn a blind eye to their suffering, continuing to tout a bright outlook for China’s economy and calling on all sectors of society to revel in economic prosperity.
2026-09
BYD announced the recall of more than 180,000 related vehicles because fiber blocks on the brake pedals of some cars may crack and come loose, causing the brake lights to stay on.
2026-09
In the first 8 months of 2026, securities transaction stamp duty grew nearly twofold year-on-year. Funds mainly changed hands among households, brokerages, the fiscal authorities and insurance companies, without generating any new investment.
2026-09
At the recent Tsinghua PBC School Forum, economists within the system, including Lin Yifu, Yu Yongding, Yao Yang, and Li Xunlei, rarely criticized economic policy en masse. Yu Yongding said the central government's books are clean while local governments are a complete mess, and called on the central government to issue bonds to replace local debt.
2026-09
Netizens reported that Langfang Normal University previously locked students' electric bikes under the pretext of safety, yet during the summer vacation, it specifically built a parking lot and opened the middle gate for teachers' use.
2026-08-23
People’s Daily continues to publish “Zhong Caiwen” articles, claiming that China’s economy has shown “strong resilience.”
2026-08-23
Chinese state media published an article characterizing the 4.7% economic growth in the first half of the year as high-quality, arguing that it is in line with the current economic reality.
2026-08-22
People’s Daily published an article signed “Zhong Caiwen,” arguing that observations of China’s economy should not focus only on single-month data.
2026-08-17
Li Qiang presided over a State Council meeting, calling for persisting in expanding domestic demand, focusing on the principal contradiction, seizing on areas with long industrial chains and large scale, and promoting the domestic economic cycle and consumption upgrading.
2026-08-17
On August 17, 2026, China's National Bureau of Statistics rarely broke its long-standing convention of releasing data in the morning, postponing the July national economic data to 3 p.m., after the A-share market closed, sparking market concerns that the data was under pressure.
2026-08-09
On the afternoon of August 9, a fire broke out at an electric bicycle parking shed in Wangtaoyuan, Dongcheng, Beijing, destroying a large number of electric bikes. Netizens have called it a Xianzhong attack from the bottom rungs of society.
2026-08-06
The yield on one-year US Treasury bonds reached 4.6%, compared to 1.3% for a five-year fixed deposit at China Construction Bank and 1.7% for savings bonds issued by the Ministry of Finance.
2026-08-04
HIMA issued a statement saying it had monitored more than 56,000 pieces of information related to Zhuzhiliao, with 171 actual complaints and 144 items taken down by the platform, sparking further public attention and a surge in traffic.
2026-08-03
On August 3, 2026, Seres Group, which works closely with Huawei, released its vehicle production and sales data for July 2026. Its vehicle sales fell sharply, with a year-on-year decline of more than 50%, drawing market attention to the new energy vehicle cooperation model.
2026-08-01
On August 1, 2026, Qiushi, the journal of the CCP Central Committee, published an article candidly acknowledging that there is a temperature gap between macroeconomic data and the micro-level experience of the ordinary public, conceding that intensifying competition for jobs and improvements in income have fallen short of expectations, sparking widespread social discussion.
2026-07-30
The Wall Street Journal reported that Tesla is evaluating options to split off, sell, or shut down its China operations, including its Shanghai Gigafactory; Musk said the report had never been discussed and was fake news.
2026-07-30
On July 30, 2026, the CCP Central Committee Politburo held a meeting to analyze the economic situation. The Wall Street Journal reported that the meeting emphasized supply-side optimization and the implementation of existing policies, sending a clear signal that there is no intention to unleash flood-style massive stimulus in the face of slowing economic growth.
2026-07-29
People's Daily published guidance opinions, releasing a strong signal of investigating the Ctrip monopoly case and cracking down on antitrust involution, drawing outside attention to the authorities' further rectification of foreign and private enterprises.
2026-07-24
The CCP Central Committee held a symposium with non-Party figures at Zhongnanhai. Presiding over the meeting, Xi Jinping said that China's economy is currently facing certain difficulties and challenges.
2026-07-24
At a symposium with non-Party figures, Xi Jinping acknowledged for the first time in his own words that China's economy is experiencing a severe downturn. The news is regarded as an important milestone, foreshadowing the gravity of China's economic situation.
2026-07-22
On July 22, 2026, Zhang Enhui, Secretary of the Changchun Municipal Party Committee, presided over an enlarged meeting of the Municipal Party Committee Standing Committee. The official communiqué stated that the city's economic development is currently facing "unprecedented difficulties and challenges."
Location: Changchun, Jilin ·
Importance IV ·
Verification: Official claim ·
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2026-07-22
On July 22, 2026, the CCP Changchun Municipal Committee held an expanded standing committee meeting to conduct an in-depth analysis of the economic situation in the first half of the year, and the official announcement rarely admitted that the city's economic development is facing unprecedented difficulties and severe challenges.
2026-07-15
On July 15, an AITO car owner posted a video claiming that the vehicle was unresponsive after pressing the SOS button, with the screen prompting "Cannot make call due to overdue fees." The owner stated that the vehicle was recently purchased and had been sent for repair, and there was no issue with data expiration.
2026-07-15
On July 15, 2026, China's National Bureau of Statistics released data showing that national GDP grew 4.7% year-on-year in the first half of 2026, while growth in the second quarter slowed to 4.3%, falling short of the full-year target, with real estate investment down 18% year-on-year.
2026-07-15
China announced that GDP grew 4.3% in the second quarter. Nominal growth exceeded real growth for the first time in 13 quarters, mainly driven by price increases upstream.
2026-07-14
A Taiwanese netizen working in Beijing stated that after a minor traffic collision between her car and an electric scooter ridden by a woman, she was interrogated and verbally abused over her Taiwanese identity by the woman and a man the woman called over.
2026-07-08
A China economic briefing released by the World Bank on July 8 pointed out that China's domestic demand will continue to shrink and housing prices will fall, with the root cause being that the government of the Chinese Communist Party (CCP) uses 43% of its budget for investment while underfunding people's livelihood.
2026-07-07
Renowned macroeconomist Gao Shanwen has passed away due to illness at the age of 55. He previously worked at institutions such as Peking University and Guotai Junan Securities, and was well-known for his profound insights and warnings regarding the Chinese economy.
2026-07-04
The quarterly meeting of the Monetary Policy Committee of the People's Bank of China adjusted the economic tone from "steady progress" to "toward the new, toward the better," and listed structural optimization as one of the challenges facing the economy.
2026-07
China's official data shows Q2 GDP grew 4.3% year-on-year, the slowest pace since the end of 2022.
2026-07
The market widely expects China's year-on-year GDP growth in the second quarter of 2026 to fall back to 4.2% to 4.5%, while the Bank of China Institute of International Finance has forecast 4.7%.
2026-06-29
A BYD Han electric car that had been in use for a year and a half caught fire spontaneously under the center console in an underground garage, and the owner spoke out to warn the public of the safety hazards of electric vehicles in China.
2026-06-29
On June 29, 2026, in Tongchuan District, Dazhou, Sichuan, a Xiaomi new-energy vehicle caused a series of vicious collisions along the street, killing one pedestrian on the spot and seriously injuring a food delivery rider, with several vehicles damaged at the scene.
2026-06-26
On June 26, 2026, Japanese media reported that Osaka Metro removed all of the more than 100 EV Motors Japan electric buses contract-manufactured by Chinese makers, which had previously been taken out of service, and transported them to a waste disposal facility; the buses had earlier been fully suspended due to problems with vehicle safety and stability.
2026-06-25
On June 25, 2026, Reuters reported that the U.S. government has denied market access authorization to Polestar, an electric vehicle brand majority-held by China's Geely Holding, banning it from selling new vehicles in the United States starting with the 2027 model year.
Location: Washington, United States ·
Importance IV ·
Verification: Reported ·
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2026-06-18
The website of the Chinese Communist Party's theoretical journal Qiushi published a commentary article titled "Boost Consumption with Greater Vigor," proposing measures such as increasing residents' income, improving the social security system, rescuing the real estate sector, and repairing residents' balance sheets.
2026-06
The video claims that in June 2026 another 4 new energy vehicle companies, including IM Motors, showed a clear decline, and that some IM Motors dealers took payments from customers and then left.
2026-04-25
Justin Yifu Lin, dean of the Institute of New Structural Economics at Peking University, said in Hefei that China is only 135 dollars short of the high-income country threshold and could cross it by next year at the latest.
2026-02
BYD's capacity utilization rate has long been only 60%, dropping to 39.7% in February 2026, compared with Toyota's capacity utilization rate of 90%.
2026-01-19
China's statistical department announced that the nominal GDP for 2025 is approximately 140 trillion yuan, a figure used to estimate the economic losses caused by information control.
2026
According to International Monetary Fund estimates, the actual scale of the Chinese government's debt in 2026 will be about 200 trillion yuan, reaching 135% of GDP.
2026
Based on calculations using International Monetary Fund data, China’s actual government debt ratio is projected to exceed 200% in 2026.
2026
Based on data from the International Monetary Fund, the video estimates that China's fiscal deficit in 2026 is expected to exceed 15%.
2026
Data from China's Ministry of Commerce shows that after reaching a peak of 1.23 trillion in 2024, the national actual utilized foreign investment fell to 747.6 billion last year, a year-on-year decrease of 40%, and has continued to decline by 7% this year on a low base.
2026
On September 10, 2026, the AP reported that China's total auto exports in the first eight months of 2026 have already exceeded the total exports for the whole of 2025, with electric vehicle exports rising sharply. Morgan Stanley analysts noted in a latest research report that weak domestic demand is prompting automakers to shift capacity overseas and gradually move from exporting complete vehicles to local assembly, to avoid trade barriers and reduce logistics costs.
2025-12
According to estimates in the Southwestern University of Finance and Economics' "2025 Report on the Fiscal Conditions of Provinces, Cities, and Counties," in 2024 the average fiscal self-sufficiency rate of the country's 2,774 county-level areas was about 38%, with the lowest county at only about 1%.
2025-10-28
The Fourth Plenary Session of the 15th Central Committee in Ningbo deliberated on the 15th Five-Year Plan, where new energy vehicles were removed from the core position of strategic emerging industries, signaling the downgrading of the automotive industry into an object of governance.
2025
In 2025, China's high-tech industry actually used 241.8 billion yuan in foreign investment, down 15.6% year on year.
2025
China-Brazil bilateral trade volume reached $188 billion in 2025, ranking first in Latin America, yet Brazil's GDP growth rate over the past 15 years ranks second to last among major Latin American countries.
2025
Seres posted revenue of 165.1 billion yuan in 2025, up 14% year on year, but net profit attributable to parent company shareholders was about 6 billion yuan, nearly flat with the previous year, while earnings per share declined.
2025
In 2025, China's major electric vehicle companies posted a combined net profit of about 25 billion yuan; given the current scale of investment, it will take long-term operations to recoup the outlay.
2025
Despite the Chinese ban, Japan's total seafood exports recovered in 2025 and hit a record high of 423.1 billion yen, a year-on-year increase of 17.2 percent.
2025
Statistics bulletin of the National Health Commission shows that in 2025 there were 15.109 million voluntary blood donation visits nationwide, with a donation rate of 10.9 per 1,000 people; all three key indicators dropped by about 11% compared with 2023; in 2024, donations were already more than 1 million visits fewer than in 2023.
2024-12-03
In a speech at the end of 2024, Gao Shanwen expressed sensitive views on the cyclical bubbles, consumption structure, actual growth rate, and future low growth of the Chinese economy. The speech was subsequently banned, marking his final public address.
2024-05
Outside an ONVO store in Zhengzhou, AITO owners unfurled banners claiming they waited 100 days for their cars and that after 60 days of driving the vehicle had already become an old model, while also criticizing after-sales service and the car-buying experience.
2024
Seres announced it will spend 11.5 billion yuan in cash to acquire a 10% stake in Shenzhen Yinwang Intelligent Technology Co., Ltd., obtaining only a minority of board seats.
2023-11
After the salesperson said there would be no model refresh in the near future, Beijing car owner Xiao Tang purchased the AITO M7 four-wheel-drive intelligent driving edition in November 2023, at a landed price of nearly 300,000 yuan, and waited nearly four months for delivery.
2023
Last year, daily rental rates in China's robot rental market ranged from 5,000 to 15,000 yuan, used mainly for performance-type events such as mall openings, auto show booths, and warm-up acts at annual galas.
2022-10
University of Chicago scholar Martinez, using satellite nighttime light data, found that annual GDP growth in authoritarian countries is overstated by an average of about 35%, and that China's figure may have been overstated by about one third over the past two decades.
2018-01-11
In January 2018, Tianjin Binhai New Area switched its GDP statistical basis from registered to local, revising its 2016 GDP from 1,000.231 billion yuan to 665.4 billion yuan, a drop of about one third; the Tianjin Municipal Bureau of Statistics said this had no impact on the city's overall GDP.
2016-09-08
In 2016, a Ministry of Finance investigation found that 72 of 93 automakers were suspected of defrauding subsidies, with the case rate reaching as high as 80%.
2015
China's auto production capacity soared after 2015, with the government offering subsidies of up to 90% for building electric vehicle plants, giving rise to overcapacity.
2012
The sum of GDP figures reported by provinces and municipalities in 2012 was 57.66 trillion yuan, about 10% higher than the 51.93 trillion yuan calculated by the National Bureau of Statistics; the bureau said the difference was mainly due to double counting in the tiered accounting system and differences in raw data.
2009
Since 2015, the Chinese government has begun providing large-scale subsidies for the electric vehicle industry, with cumulative direct and indirect subsidies reaching 3 trillion yuan. This policy drove the rapid development of China's electric vehicle industry, but also laid the groundwork for subsequent overcapacity.
2007-03
The then-Secretary of the Liaoning Provincial Party Committee, Li Keqiang, told the US Ambassador that Liaoning's GDP figures were man-made and for reference only, and that he only looked at electricity consumption, railway cargo volume, and bank loans.
2001-12-11
On December 11, 2001, China officially became a member of the World Trade Organization after an agreement was reached at the ministerial conference in Doha.
1993-12
In late 1993, China determined the plan to unify the RMB exchange rate, merging the official and market rates. The relevant reforms were officially implemented the following year.
1976
In October 1976, the ten-year-long Cultural Revolution ended with the "downfall of the Gang of Four"; the prolonged political campaigns had a severe impact on China's economy.