Stories from beijing · China

Chery Automobile, CATL, and two subsidiaries signed a strategic cooperation agreement in Beijing on April 25.

The A-share market is seeing activity with 3,181 stocks rising and 2,191 falling. Data shows that 135 value-added stocks entered the market in the first quarter. Among these, 21 stocks reported a year-on-year net profit increase of over 20% during the first quarter. The report notes these companies possess solid fundamentals and strong cash flows amid global demand upgrades. China's industrial enterprise profits achieved rapid growth during the first quarter of 2026. China's industrial economy showed steady recovery in the first quarter, according to data released by the National Bureau of Statistics. This growth follows the implementation of proactive macroeconomic policies. Additionally, the China Tourism Area Association reported stable employment during holiday periods.

Chinese automotive bloggers visited the 2020 Beijing International Auto Show and expressed admiration for the high cost-effectiveness of Chinese cars. China's comprehensive transportation network now exceeds 6 million kilometers, ranking first globally. China has established a transportation network connecting major cities, enabling travel within 1 to 1.5 hours. This initiative is part of efforts to improve national logistics and connectivity. The acceleration of this network is highlighted as the International Workers' Day approaches. China reported completing 4.39 billion tons of port cargo throughput, a 4% year-on-year increase, as of 16:00 Beijing time. A new vessel designed to transport low-emission and natural gas (NG) fueled vehicles has been unveiled. The ship utilizes a specialized construction process to reduce weight for the garage and shipboard areas.

Testing probe demand is increasing as quantities reach tens of thousands due to advanced technology shifts. While revenue for structural components has grown significantly, high fixed costs are driving down gross margins. The company plans to expand production capacity significantly after 2023. The technology shares fundamental origins with existing MEMS technology, making technical differentiation difficult. Downstream customer bases for these probes overlap significantly with consumer electronics, semiconductors, and human-robotics sectors. Current expansion in precision machining capacity can be directly applied to the entire MEMS system to meet rising product demand. Bluetooth technology firm Bluetooth New Finance has secured a competitive advantage in high-end MEMS test probes. The company is targeting high-frequency, high-speed M9 and M10 grade probes.

China's Ministry of Ecology and Environment will accelerate the development of a modernized ecological monitoring system during the 15th Five-Year Plan period. Local villagers report that after eight years, the site contains only a cemetery instead of the promised tourism infrastructure. The project is located approximately one kilometer from nearby villages. The Yangtze Ecological Park is undergoing development and expansion. The current forest area covers approximately 22,192.91 square meters. An undeveloped area of 511.5 mu west of Jinxiu Court is designated for future development. This area was previously classified as farmland and has been a priority for remediation since 2024. China has established seven monitoring transects to provide all-weather visibility and control in key protected areas.

The All-China Federation of Trade Unions will hold an awards ceremony on April 28. China will honor 3,024 advanced collectives and individuals for their contributions to the national economy. China will honor 749 individuals, including the China Youth Five-Color Medal recipients, for their contributions to labor and energy sectors. The Communist Youth League Central Committee has announced the results for the 2026 'China Youth May Fourth' speech and medal awards. A ceremony to honor the 2026 National May Day Labor Awards was held today at the Great Hall of the People in Beijing. China has awarded National May Day Labor Medals to 1,462 individual workers, including Wu Yong. The 22nd meeting of the 14th Standing Committee of the National People's Congress convened at the Great Hall of the People in Beijing on April 27.

Major Chinese automotive companies are launching new vehicle models equipped with assisted driving technology at the current Beijing Auto Show. Overseas sales for these companies are now at a 1:1 ratio internally. Students are engaging with historical texts, calligraphy, and traditional poetry, finding new perspectives and dreams through these cultural exchanges. One student has lived in Chengdu for three years, integrating into local life by visiting tea houses and sharing ancient poetry with schoolchildren. A German school principal believes that students gain new perspectives and potentially new dreams by engaging with unfamiliar subjects like Chinese culture and traditional medicine. The school is proud to offer Chinese language courses, hoping more students will learn to understand Chinese culture and medicine more deeply.

China's National Bureau of Statistics reported that profits from industrial enterprises above designated size grew by 15.8% year-on-year in March. Operating income for large-scale industrial enterprises in China rose 0.46% year-on-year in the first quarter. This growth occurred despite Middle East conflict impacting global oil markets and increasing raw material costs. March profits for specific firms jumped 15.8%, exceeding the 15.2% growth seen during the January-February period. The data indicates an uneven economic recovery within the country. China's Ministry of Commerce has formally submitted its assessment of the EU's Industrial Accelerator Act to the European Commission. China has stated its official position and serious concerns regarding the legislation.

Watermelon prices have dropped sharply for wholesalers and retailers due to a complete halt in exports. Watermelon prices have experienced a sharp decline affecting growers and wholesalers. Consequently, importers in the Gulf are no longer purchasing the fruit. The sudden cessation of export demand has left wholesalers and growers facing a market downturn. Watermelon export to the Gulf region has completely stopped due to heightened tensions in that area. Watermelon prices in China have plummeted because exports to the Gulf region have completely stopped.

A social media account affiliated with Chinese state media suggests the delayed release of DeepSeek's V4 model indicates a shift toward deeper integration with China's domestic chip ecosystem. The preview release for the model is expected to occur this Friday. This development follows recent discussions regarding the integration of AI models with specific hardware infrastructures.