Stories from China

Jiangba Town is developing a cultural tourism brand centered on Loess cuisine and leisure activities. Over 1,000 people in Jiangba Town are engaged in loess-related industries including farming, fishing, sales, and processing.

Hedge-fund firm Millennium Management and Norway’s sovereign-wealth fund Norges Bank Investment Management have participated in funding for battery manufacturer Contemporary Amperex Technology Co. Limited.

Wuliangye has postponed the release of its 2025 Annual Report and 2026 First Quarter Report. The company now expects to release the documents after the market close on April 30, 2026.

Zhang Jun, Vice President of Nanjing Institute of Physical Education and Chairman of the Chinese Badminton Association, is under investigation. The probe is being conducted by the Central Commission for Discipline Inspection, the National Commission of Supervision, and the discipline inspection and supervision group of the General Administration of Sport of China. Additionally, the supervisory committee of Nantong, Jiangsu Province, is involved in the investigation. The investigation specifically names Zhang Jun, who also serves as Vice President of Nanjing Sports Institute, and involves the Jiangsu Provincial Commission for Discipline Inspection. The investigation involves Zhang Jun, who also serves as Vice President of Nanjing Sport University, and is being handled by both central and provincial disciplinary commissions.

The Beijing Municipal Administration for Market Regulation conducted warning interviews with eight electric bicycle manufacturers, including Yadea, Aiema, Tailing 9, NIU, Xiaodao, and Xinri Luyuan, along with their local sales agents. New revised Beijing Electric Bicycle Management Regulations went into effect today. Wang Fulei, an officer from the Beijing Municipal Public Security Bureau Traffic Management Bureau, stated that riding without a helmet or failing to secure the chin strap properly constitutes a violation of the law. Schools in Beijing have prepared emergency helmets for temporary student use to improve safety. A Beijing lawyer and transportation law expert, Wei Zhensheng, reported that 35% of traffic accidents involve e-bikes. The implementation of these new rules began this morning.

China's State Taxation Administration released implementation guidelines for three countries, including Denmark, Ireland, and the United Arab Emirates, during an event in Chongqing on April 29. The guides cover Denmark, Ireland, and Arlingby for the first time. The event was part of a release of cross-border taxation knowledge products. The State Council Information Office also held a routine policy briefing on April 28.

Chinese authorities are targeting three types of illegal activities involving e-commerce platforms, platform operators, marketing service agencies, and food producers. Authorities intend to strictly punish entities that permit or facilitate fraudulent claims and counterfeit production. The target represents a 20 trillion yuan growth space over a 15-year period. New guidance issued aims for the service sector to reach 100 trillion yuan by 2030, representing a 20 trillion yuan growth potential during the 15th Five-Year Plan period. Commercial big data monitoring shows that prices for grain, oil, beef, and fruit at 200 large agricultural wholesale markets across China remained basically flat on April 27 compared to the previous week.

Tesla CEO Elon Musk testified in court that artificial intelligence could either make humanity more prosperous or lead to catastrophic consequences for everyone.

China's social financing scale increased by 14.83 trillion yuan in the first quarter of the year. China's RMB real estate development loans fell by 5.1% year-on-year to 13.17 trillion yuan in the first quarter of 2026. RMB loans increased by 8.6 trillion yuan during this period. Domestic market financing in China rose by 32% in 2025, breaking a three-year downward trend that began in 2022.

The United States has prohibited the export of specific components to Hua Hong, a major Chinese chip producer. There is currently uncertainty regarding whether this ban extends to foreign subsidiaries under U.S. extraterritorial law. The move aims to limit capital flows toward Chinese semiconductor manufacturing. The scope of the export restrictions is currently subject to uncertainty. China has approved the export of 500,000 tons of fuel to regions outside of Hong Kong next month. This volume is nearly double the amount predicted in April but remains less than half of the average for the same period last year. Beijing Foreign Ministry spokesperson Lin Jian stated that global energy market volatility caused by Middle East tensions has created supply shortages for many countries.