Stories from China

CCTV.com revealed new details about the 'Nantiamen Plan' aerospace sci-fi IP, including the 'Baidi' space-air fighter jet. A research report details the current status, spatial layout, and investment opportunities in China's low-altitude economy industry.

China has implemented new directives to scrutinize foreign investment, particularly in technology and sensitive sectors. These measures, effective July 1st, allow Beijing to restrict foreign investments. Analysts suggest this move signals increased pressure on China. This move signals a tightening of regulations on foreign companies operating in the country. The move signals a broader effort to enhance national security and reduce reliance on foreign tech. This expansion of investment review is expected to impact multinational corporations operating in China. The government aims to balance foreign capital with its own technological development goals. The specific criteria for scrutiny have not been detailed. The increased scrutiny is part of China's broader economic strategy. This move signals a more cautious approach to foreign involvement in critical industries.

The China Coast Guard is conducting patrols near disputed waters in the South China Sea. The patrols are part of ongoing maritime surveillance efforts.

Huayi Intelligent Manufacturing, along with its controlling shareholder and Huahan Investment, has filed a pre-reorganization application.

China has launched test satellites capable of direct-to-device communication. The capabilities and intended applications of these satellites were not fully detailed. This launch marks a step in China's satellite technology development. These satellites aim to provide connectivity directly to mobile devices. China has launched test satellites for its Chen Fen project, aiming for global internet coverage.

China has launched four new satellite internet test satellites into orbit. These satellites are part of multiple projects aimed at testing direct-to-device communication capabilities. The launches occurred at the end of a busy month for China's space program.

During President Trump's visit to China, CEOs from Boeing and Citigroup accompanied him.

Shanghai is increasing investment in future industries through a dual-drive approach combining capital and industry. Shanghai has 26 ride-hailing platforms and issued 142,200 vehicle permits and 394,900 driver permits as of April 30.

A Chinese company has secured a contract for single-phase and three-phase smart meter products. The contract amount is approximately 158 million yuan, which accounts for 1.10% of the company's audited operating income in 2025.

Meituan reported its first-quarter revenue for 2026 reached 91.04 billion Yuan. The company confirmed that a fire at SK Hynix's fourth plant did not impact its production.