Stories from China

Tianjin and Jiangxi provinces held news conferences regarding their respective 15th Five-Year Plan outlines. The briefings detailed major goals and key tasks for promoting high-quality development during this period.

The world's largest automobile transport ship manufactured in China has been delivered.

Chinese automotive companies are attracting international attention due to strengths in battery technology, software, and internet-of-vehicles services. An expert from Hofmeister, George Murusek, noted that one in two European consumers is willing to choose a Chinese vehicle for their next purchase. These companies offer competitive pricing and rapid product iteration cycles. The European market is expected to face increased competition regarding price, features, and digital services. Reports from the Dhaka auto show highlighted China's rapid product iteration cycles. This follows reports from Euronews at the Dhaka motor show regarding Chinese automotive trends.

Gree Electric reported a decline in both revenue and profit for the previous year. The company plans large-scale dividends and share buybacks following the decline. The company is planning a dividend and share repurchase program in response to the decline. Gree Electric reported a 25% year-on-year decline in revenue. Net profit fell to over 176 billion VND, representing an 8,130% increase from the previous period. Revenue from land development for infrastructure and ready-built factories dropped 59% to nearly 57 billion VND. Following reports of declining annual revenue and profits, Gree Electric is planning dividend payments and share buybacks. Gree Electric's annual revenue and profits have both decreased according to recent financial reports. Gree Electric reported a comprehensive gross margin of 86.89% for 2025.

An inspector interrogated Bai Bing after gathering substantial evidence of financial misconduct. Bai Bing admitted to using shell businesses to convert income and using false company expenses to obtain income.

A consumer reported receiving counterfeit goods through Taobao's '10x Compensation' subsidized channel. The platform refused full compensation because the merchant's security deposit had been exhausted.

A consumer in Shandong province reported receiving counterfeit gasoline through a Taobao '10 Billion Subsidy' channel.

China has released the 2025 edition of the Technology Service Industry Standard System Construction Guide.

Short-form video user retention has reached 129 minutes, surpassing the 109 minutes recorded for long-form video.

Archaeologists in HeLong have identified a prehistoric stone core measuring 53 centimeters in length and weighing 16.3 kilograms. Researchers have identified a stone core in HeLong, described as the largest stone box in the world.