1. NVIDIA reported revenue for the second quarter ended July 27, 2025, of $46.7 billion, up 6% from the previous quarter and up 56% from a year ago. NVIDIA’s Blackwell Data Center revenue grew 17% sequentially.

    There were no H20 sales to China-based customers in the second quarter. NVIDIA benefited from a $180 million release of previously reserved H20 inventory, from approximately $650 million in unrestricted H20 sales to a customer outside of China.  

    For the quarter, GAAP and non-GAAP gross margins were 72.4% and 72.7%, respectively. Excluding the $180 million release, non-GAAP gross margin for the quarter would have been 72.3%.  

    For the quarter, GAAP and non-GAAP earnings per diluted share were $1.08 and $1.05, respectively. Excluding the $180 million release and related tax impact, non-GAAP diluted earnings per share for the quarter would have been $1.04.

    “Blackwell is the AI platform the world has been waiting for, delivering an exceptional generational leap — production of Blackwell Ultra is ramping at full speed, and demand is extraordinary,” said Jensen Huang, founder and CEO of NVIDIA. “NVIDIA NVLink rack-scale computing is revolutionary, arriving just in time as reasoning AI models drive orders-of-magnitude increases in training and inference performance. The AI race is on, and Blackwell is the platform at its center.”  

    During the first half of fiscal 2026, NVIDIA returned $24.3 billion to shareholders in the form of shares repurchased and cash dividends. As of the end of the second quarter, the company had $14.7 billion remaining under its share repurchase authorization. On August 26, 2025, the Board of Directors approved an additional $60.0 billion to the Company’s share repurchase authorization, without expiration.  

    NVIDIA will pay its next quarterly cash dividend of $0.01 per share on October 2, 2025, to all shareholders of record on September 11, 2025.

    Outlook 

    NVIDIA’s outlook for the third quarter of fiscal 2026 is as follows:

    • Revenue is expected to be $54.0 billion, plus or minus 2%. The company has not assumed any H20 shipments to China in the outlook. 
    • GAAP and non-GAAP gross margins are expected to be 73.3% and 73.5%, respectively, plus or minus 50 basis points. The company continues to expect to exit the year with non-GAAP gross margins in the mid-70% range. 
    • GAAP and non-GAAP operating expenses are expected to be approximately $5.9 billion and $4.2 billion, respectively. Full year fiscal 2026 operating expense growth is expected to be in the high-30% range. 
    • GAAP and non-GAAP other income and expense are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly-held equity securities. 
    • GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%, excluding any discrete items.

    Highlights 

    NVIDIA achieved progress since its first quarter earnings announcement in these areas:   

    Data Center

    • Second-quarter revenue was $41.1 billion, up 5% from the previous quarter and up 56% from a year ago.
    • Announced that the NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU is coming to the world’s most popular enterprise servers; Disney, Foxconn, Hitachi Ltd., Hyundai Motor Group, Lilly, SAP and TSMC are among the first to adopt the servers.
    • Introduced NVIDIA® Spectrum-XGS Ethernet to connect distributed data centers for giga-scale AI.
    • Revealed that NVIDIA is working with European nations, including France, Germany, Italy, Spain and the U.K., as well as technology industry leaders to build NVIDIA Blackwell AI infrastructure, including the world’s first industrial AI cloud for European manufacturers, to fuel region’s next industrial transformation.
    • Announced the expansion of NVIDIA DGX Cloud Lepton™ to connect Europe’s developers to NVIDIA’s global compute ecosystem.
    • Collaborated with partners globally to build and accelerate advanced AI supercomputers, including Doudna (U.S.), JUPITER (Germany), Blue Lion (Germany), Isambard (U.K.) and FugakuNEXT (Japan).
    • Revealed that model builders across Europe and the Middle East are optimizing their sovereign large language models with NVIDIA Nemotron™, which will be available on Perplexity.
    • Supported the launch of OpenAI’s open gpt-oss models, delivering industry-leading gpt-oss-120b performance of 1.5 million tokens per second on a single NVIDIA Blackwell GB200 NVL72 rack-scale system.
    • Announced a collaboration with Novo Nordisk and DCAI to advance drug discovery.
    • Revealed that the NVIDIA Blackwell platform delivered the highest performance at scale on every MLPerf Training benchmark.
    • Teamed with Ansys and DCAI to advance quantum algorithms for fluid dynamics using the NVIDIA CUDA-Q™ platform on Denmark’s Gefion supercomputer.
    • Introduced NVFP4, a 4-bit format purpose-built to deliver exceptional inference latency, for pretraining next-generation large language models.
    Gaming and AI PC
    • Second-quarter Gaming revenue was $4.3 billion, up 14% from the previous quarter and up 49% from a year ago.
    • Launched the Blackwell-powered NVIDIA GeForce RTX™ 5060, which quickly became NVIDIA’s fastest-ramping x60-class GPU ever.
    • Made industry-leading NVIDIA DLSS 4 technology available in over 175 games and apps, and coming to top games such as Borderlands 4, Resident Evil Requiem and Phantom Blade Zero.
    • Announced Blackwell coming to GeForce NOW™ with the new Install-to-Play feature, doubling the game library to over 4,500 titles.
    • Partnered with OpenAI on the launch of its newest open-weight models optimized for RTX GPUs for fast, local inference in popular tools like Ollama, llama.cpp and Microsoft AI Foundry Local.
    Professional Visualization
    • Second-quarter revenue was $601 million, up 18% from the previous quarter and up 32% from a year ago.
    • Announced NVIDIA RTX PRO 4000 SFF Edition and RTX PRO 2000 Blackwell GPUs.
    • Expanded partnership with Siemens to digitalize and enable the manufacturing factory of the future.
    • Announced new NVIDIA Omniverse™ libraries and software development kits to accelerate physical AI development.
    Automotive and Robotics
    • Second-quarter Automotive revenue was $586 million, up 3% from the previous quarter and up 69% from a year ago. 
    • Announced that the full-stack NVIDIA DRIVE™ AV software platform is now in full production to accelerate the large-scale deployment of safe, intelligent transportation. 
    • Achieved second consecutive win in the End-to-End Driving at Scale category of the Autonomous Grand Challenge at the Computer Vision and Pattern Recognition conference.
    • Commenced initial shipments of the NVIDIA DRIVE AGX Thor™ system-on-a-chip. 
    • Announced the general availability of NVIDIA Jetson AGX Thor™ developer kit and production modules, powerful new AI supercomputers designed to power millions of robots across industries. 
    • Released the NVIDIA Halos full-stack safety platform for robotic development. Announced new NVIDIA Cosmos™ world foundation models that accelerate the development and deployment of robotics solutions.
    Please see full earnings release:

    https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2026

    Source: Nvidia August 27, 2025

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  2. (China Daily) Chinese AI chipmaker Cambricon Technologies briefly surpassed liquor giant Kweichow Moutai to become the country's most valuable onshore stock, highlighting the shifting drivers of China's economic growth, analysts said.  

    On Wednesday, Cambricon's shares jumped nearly 10 percent in intraday trading to 1,461 yuan ($204) apiece, overtaking Moutai to claim the title of "stock king". The stock later closed at 1,372.1 yuan, up 3.24 percent from the previous day.  

    The rally underscores growing momentum in China's domestic AI chip industry. Cinda Securities noted in a recent report that the domestic AI chip industrial chain is "poised to seize a strategic opportunity".

    As one of the country's leading AI chipmakers, Cambricon designs terminal processors as well as cloud and edge AI accelerator chips and cards, which are used in servers, data centers and other applications.  

    The company's half-year earnings report, released on Tuesday, showed revenue of 2.88 billion yuan in the first six months of 2025 — a year-on-year surge of more than 4,300 percent. Net profit attributable to shareholders reached 1.04 billion yuan, compared with a loss of 533 million yuan a year earlier, marking a strong turnaround.  

    China's State Council on Tuesday unveiled guidelines for implementing the "AI Plus" initiative, which aims to deeply integrate artificial intelligence into six key sectors by 2027. The plan targets an adoption rate of over 70 percent for next-generation smart terminals and intelligent agents.  

    Despite Cambricon's surge, Chinese equities broadly declined on Wednesday, with the benchmark Shanghai Composite Index falling 1.76 percent to 3,800.35 points. The Shenzhen Component Index closed 1.43 percent lower at 12,295.07.

    Source: By Jiang Xueqing | chinadaily.com.cn | Updated: 2025-08-27 16:27

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  3. (Xinhua) China's State Council has approved a plan to accelerate the opening-up and innovation of the entire biopharmaceutical industrial chain in the Jiangsu pilot free trade zone (FTZ), according to the Ministry of Commerce on Wednesday.  

    To support the integrated innovation of the full value chain in the sector, the guideline calls for prioritizing the development of R&D innovation capacity, improving product approval services, building a modern production and distribution system, and refining procurement and usage policies.  

    By 2030, Jiangsu's biopharmaceutical industry is expected to see major growth in terms of its scale, stronger innovation ecosystems, a more modernized industrial chain, and distinctive industrial clusters in key fields such as macromolecular biologics, cell and gene therapy, and innovative medical devices.

    The move is part of China's broader effort to upgrade pilot FTZs, according to the ministry. Coordinated efforts will be made to strengthen risk prevention in key areas and ensure the timely implementation of pilot measures and innovative practices.  

    Earlier this year, the country released a guideline for improving the country's FTZs to further promote high-standard opening up and high-quality development, calling for promoting the optimization and upgrading of trade of goods, invigorating the development of services trade, and supporting innovative development in digital trade.

    Source: Xinhua  2025-08-27 21:21:15

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  4. (China Daily) The world's largest transparent spherical neutrino detector completed its liquid filling and began data taking in Jiangmen, South China's Guangdong province, on Tuesday, marking a significant step in frontier studies of particle physics, astrophysics and cosmology.  

    The Jiangmen Underground Neutrino Observatory (JUNO), located 700 meters underground, detects neutrinos produced 53 kilometers away by the Taishan and Yangjiang nuclear power plants and measures their energy spectrum with record precision.  

    Neutrinos are known as "ghost particles" due to their elusive nature and the role they play in unraveling profound cosmic mysteries.

    "The completion and operation of the JUNO detector mark a historic milestone, as it is the first major scientific facility of its scale and precision dedicated to neutrino research worldwide. JUNO will enable us to answer fundamental questions about the nature of matter and the universe," said Wang Yifang, an academician at the Chinese Academy of Sciences.  

    Compared to the best international level, the volume of JUNO's liquid scintillator has increased by 20 times. In addition, its determination of the mass ordering is independent of matter effects in the Earth and largely free of parameter degeneracies, enabling a threefold increase in photoelectron yield and achieving an unprecedented energy resolution of 3 percent.  

    Li Yufeng, a researcher at the Institute of High Energy Physics of CAS, said that JUNO is designed to determine the mass ordering of the three neutrino types, whose total mass is less than 0.12 electron volt, or about one-millionth of an electron's mass. The nearly massless nature of neutrinos makes them challenging to study, yet understanding them may help explain fundamental mysteries of atomic composition and cosmic evolution.

    Beginning underground construction in 2015, JUNO started filling 60,000 metric tons of ultrapure water in December. Over the past six months, 20,000 tons of liquid scintillator have been filled into the 35.4-meter diameter acrylic sphere located at the center of a 44-meter-deep water pool. The sphere is surrounded by 45,000 photomultiplier tubes, and the liquid scintillator displaced the water during filling. This part is the core of JUNO, with the liquid scintillator acting as both the interaction medium and signal converter for neutrino detection, Li noted.  

    "When neutrinos pass through, they sometimes interact with nuclei or electrons, creating charged particles. These particles excite the scintillator molecules, emitting faint flashes of light called scintillation photons," Li said.  

    "The high transparency of the liquid allows these photons to reach surrounding photomultiplier tubes, which convert the light into electrical signals. By analyzing the timing, intensity and spatial distribution of these signals, scientists can reconstruct neutrino interactions, measure their energies and identify their types," he added.

    JUNO is designed for a scientific lifetime of up to 30 years, with a credible upgrade path planned for 2030 to enable a world-leading search for neutrinoless double-beta decay and probe the absolute neutrino mass scale, Li said.  

    Hosted by the Institute of High Energy Physics, the construction of JUNO involves more than 700 researchers from 74 institutions across 17 countries and regions.

    "The landmark achievement that we announce today is also a result of the fruitful international cooperation ensured by many research groups outside China, bringing to JUNO their expertise from previous liquid scintillator setups," said Gioacchino Ranucci, a professor at the University of Milano and INFN-Milano in Italy who participated in the construction of JUNO.  

    "The worldwide liquid scintillator community has pushed the technology to its ultimate frontier, opening the path toward the ambitious physics goals of the experiment," Ranucci added.  

    Prior to JUNO, China's first-generation neutrino detector, the Daya Bay Neutrino Experiment, also located in Guangdong province, operated from 2011 to 2020. It discovered the third mode of neutrino oscillation, confirming the standard three neutrino mixing paradigm. This was recognized by Science magazine as one of the Top 10 Scientific Breakthroughs of 2012.

    Source: By Li Menghan | chinadaily.com.cn | Updated: 2025-08-26 16:53

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  5. (Xinhua) China will promote the high-quality development of the satellite communication industry by optimizing business access, according to a set of guidelines unveiled by the Ministry of Industry and Information Technology on Wednesday.  

    The guidelines aim to promote the launch of satellite communication services, stimulate the vitality of innovation in the commercial space sector and foster new drivers of productivity in an orderly manner, all of which is aimed at supporting China's transformation into a manufacturing power and a cyber power, as well as the construction of a Digital China.  

    By 2030, China aims to improve the management system, policies and regulations for satellite communication, optimize its industrial development environment, and boost the integrated development of infrastructure, industrial supply, technical standards and international cooperation, according to the guidelines.

    New business models and forms such as direct satellite connection for mobile phones will be applied widely, and the number of satellite communication users will exceed 10 million, per the guidelines.  

    They state that the country will support the accelerated development of low-orbit satellite internet, promote the application of direct satellite connection for mobile phones and other terminal devices, encourage the exploration of new satellite communication businesses, and expand market access for private enterprises.  

    They also encourage the application of satellite communication in various industries and fields, including agriculture, transportation, energy and urban governance. They promote the cross-integration of satellite communication with new-generation information infrastructure, including areas such as the industrial internet, vehicle networking and air-borne communication.  

    The country will also strengthen its development of key core technologies, build an open and shared standards system, and foster a mutually beneficial industrial ecosystem, per the guidelines.

    Source: Xinhua | Updated: 2025-08-28 09:56
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  6. (China Daily) Fast-evolving artificial intelligence is expected to foster new consumption growth drivers and inject strong impetus into China's consumer market as this cutting-edge digital technology is spearheading a technological revolution and industrial transformation to drive economic growth, said experts and company executives.  

    They said that commercial use of AI in e-commerce and home appliances will not only improve the consumer shopping experience and merchants' operational efficiency, but also create new consumption scenarios and bolster product sales.  

    Their comments came as a State Council executive meeting in July approved a guideline on implementing the "AI Plus" initiative, calling for vigorously advancing the large-scale commercial application of AI and boosting its accelerated popularization and deep integration across various fields of economic and social development.

    Major e-commerce platforms are scrambling to leverage AI-powered virtual hosts in livestreaming sessions to introduce products and spur purchases. These virtual hosts can mimic human facial expressions and movements, and interact naturally with consumers while promptly answering their queries.  

    A digital human mimicking Liu Qiangdong, Chinese e-commerce giant JD's founder, appeared in the company's livestreaming rooms to promote a variety of merchandise, including meats, edible oils, eggs, milk, air conditioners and TV sets.  

    The AI anchor almost perfectly replicated Liu's expressions, body language, gestures, voice and accent. His avatar generated over 20 million views within the first hour and raked in 50 million yuan ($6.96 million) in sales throughout the real-time broadcast session.

    Tmall, Alibaba Group's business-to-customer e-marketplace, offers consumers personalized guidance and advice with its AI-powered customer service chatbots, while online discounter PDD Holdings uses AI tools to analyze market trends and optimize sales strategies.  

    "The use of AI-powered virtual hosts in e-commerce livestreaming can bring a feeling of freshness to users, while brand owners can attract new consumers via this innovative method," said Mo Daiqing, a senior analyst at the Internet Economy Institute, a domestic consultancy.  

    Mo said AI will change the way people purchase by providing interactive shopping experiences and promoting the digital transformation of traditional retailers.

    "It is vital that Chinese retailers deepen their customer engagement. AI tools can energize customer retention efforts, enabling e-commerce players to hyperpersonalize their engagement with consumers and create bespoke shopping experiences for them," said James Yang, head of consulting firm Bain & Company Greater China's retail practice.  

    Meanwhile, leading consumer electronics and home appliance makers are racing to incorporate AI technology into manufacturing, products and services. Zhou Yunjie, chairman and CEO of Haier Group, said, "At present, the deployment of AI in enterprises mainly concentrates on manufacturing, research and development, sales, procurement and services."  

    Zhou said the integration of AI models with home service robots and terminal devices will create new growth drivers for the global consumer electronics industry, adding that his company has promoted the application of AI in a wide range of fields like smart homes and industrial internet.

    Hisense Group said its Xinghai large language model has a deep integration with Chinese AI startup DeepSeek, and with enhanced deep thinking and reasoning abilities, its smart TVs could better understand user demands.  

    The rise of AI technology will offer better human-machine interaction capacities and boost the intelligent transformation of the home appliances sector, while unleashing consumption potential, said Liu Fei, research director of the consumer electronics department at Beijing-based market consultancy All View Cloud.  

    Hong Yong, an associate research fellow at the Chinese Academy of International Trade and Economic Cooperation, said the new type of consumption is mainly driven by technological advancements in AI, with a focus on consumers' personalized and diversified needs.  

    "Nurturing an AI-driven new consumption model is pivotal to expanding domestic demand, driving industrial upgrades and promoting high-quality economic growth," Hong said.

    Source:  By Fan Feifei | China Daily | Updated: 2025-08-22 07:45

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  7. (China Daily) China's commitment to cultivating new quality productive forces through scientific and technological innovation, as reiterated by President Xi Jinping, will help the country gain a competitive edge in strategic emerging fields and tech frontiers, and contribute to global economic growth, said experts and company executives.  

    Highlighting that fostering new growth drivers has been high on China's development agenda, they called for accelerated efforts to achieve breakthroughs in crucial technologies by investing more in fundamental research, reinforcing the dominant position of enterprises in boosting technological advancements, and intensifying financial support for innovation-oriented tech companies.  

    First put forward by Xi, who is also general secretary of the Communist Party of China Central Committee, during his inspection tour of Heilongjiang province in September 2023, the term "new quality productive forces" has been highlighted at several high-profile meetings.

    New quality productive forces are driven by revolutionary technological breakthroughs, the innovative allocation of production factors, and deep industrial transformation and upgrading, Xi said while presiding over a group study session of the Political Bureau of the CPC Central Committee in January last year.  

    He pointed out that sci-tech innovation can generate new industries, new models and new growth drivers, which are the core elements of the development of new quality productive forces.  

    The tone-setting Central Economic Work Conference held in December called for more efforts to make sci-tech innovation drive the development of new quality productive forces and build a modern industrial system.

    Huang Hanquan, head of the Chinese Academy of Macroeconomic Research, said, "Developing new quality productive forces is an intrinsic requirement for promoting China's high-quality development and will inject fresh momentum into global economic growth."  

    Huang said that China has favorable conditions for fostering new quality productive forces, given its ever-increasing innovation capacities, complete industrial systems, ultra-large domestic market, high-caliber talent pool and massive data resources.  

    To gain an upper hand in a new round of technological revolution and industrial transformation, he stressed that more efforts should be made to bolster sci-tech innovation, especially innovation in cutting-edge and disruptive technologies, and to accelerate the industrial application of innovative achievements, further deepen reforms in technology and education mechanisms, and expand high-level opening-up.

    A meeting of the Political Bureau of the CPC Central Committee on July 30, which was presided over by Xi, called for accelerating the cultivation of emerging pillar industries with global competitiveness and promoting the deep integration and development of sci-tech innovation and industrial innovation.  

    "Sci-tech innovation plays a pivotal role in nurturing new quality productive forces. China has sent a clear signal that it is dedicated to implementing the innovation-driven development strategy and facilitating the in-depth integration of digital technologies with the real economy, in a bid to drive a shift from old growth drivers to new ones," said Luo Zhongwei, a researcher at the Chinese Academy of Social Sciences' Institute of Industrial Economics.  

    Luo emphasized the need to improve indigenous innovation abilities by stepping up investment in core technologies in key fields to solve bottleneck issues.

    Pan Helin, a member of the Expert Committee for Information and Communication Economy, which is part of the Ministry of Industry and Information Technology, said, "The integrated advancements in sci-tech innovation and industrial innovation are crucial for promoting social and economic development, advancing Chinese modernization and cultivating fresh driving forces."  

    According to Pan, China's focus on nurturing new quality productive forces is conducive to speeding up the establishment of a modern industrial system and enhancing the stability and resilience of industrial and supply chains.  

    Pan said that in fostering new quality productive forces, different regions of the country should focus on comparative advantages and base their efforts on local conditions, avoiding blind investment in specific fields.  

    Li Dongsheng, founder and chairman of Chinese consumer electronics maker TCL Technology Group Corp, said, "The development of new quality productive forces requires further stimulating technological innovation, continuously investing in scientific research and talent development, and supporting the intelligent transformation of industries."

    Li underscored the need to give full play to the leading role of enterprises in bolstering sci-tech innovation and motivate their innovation vitality.  

    China's spending on research and development maintained rapid growth last year, thanks to efforts to support technological innovation. Data from the National Bureau of Statistics shows that China's R&D expenditure exceeded 3.6 trillion yuan ($502.3 billion) in 2024, up 8.3 percent year-on-year, ranking second in the world.  

    In recent years, the country's strength in sci-tech innovation has taken a major leap. According to the World Intellectual Property Organization, China has moved up to 11th place in the rankings of the world's most innovative economies and remains the only middle-income economy in the top 30.

    "China is not only a manufacturing powerhouse, but also a global innovation powerhouse driving trends in digitalization, sustainability and high-tech industries," said Denis Depoux, global managing director of market consultancy Roland Berger.  

    "China has emerged as a strong player in the global R&D landscape, and has made rapid progress in the development of AI technology, becoming one of the global leaders, and the pace will further accelerate," Depoux said.  

    The country's emphasis on accelerating the development of new quality productive forces will attract more investment by foreign companies to support Chinese companies' transformation, and to bring more technologies to the world's second-largest economy, he added.

    Anu Rathninde, president for Asia-Pacific at Johnson Controls, a United States-based smart building solutions provider, said the rise of new quality productive forces signifies a transformative shift in China's economic model, replacing outdated growth drivers with more dynamic ones and establishing the foundation for more sustained and robust economic development in the future.  

    He said that China is an important part of the company's global business network, and will continue to be a key contributor to global economic growth. "We are confident in the Chinese market and determined to deepen our footprint here," he said.  

    Chris Lee, senior vice-president and head of Asia-Pacific at Aveva, a United Kingdom-based industrial software developer, said that China has rapidly emerged as a global frontier for industrial innovation, presenting vast development opportunities fueled by the development of new quality productive forces and the country's vibrant digital economy.  

    The company recently launched its China intelligent innovation center, its first localized R&D center, to deepen its "in China, for China" strategy.  

    Lee highlighted that China's mature and extensive industrial system and supply chain offer an unparalleled platform for technological innovation, adding that the company will deepen its roots locally and collaborate closely with local partners to empower China's smart manufacturing and industrial digitalization.

    Source: By Fan Feifei | chinadaily.com.cn | Updated: 2025-08-24 23:35

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  8. (China Daily) Chinese vaccine company Sinovac Biotech Ltd announced on Monday that its newly developed adsorbed tetanus vaccine has officially obtained approval from the National Medical Products Administration, marking a milestone in the company's push to expand its presence in the trauma care sector.  

    The vaccine features aluminum hydroxide adjuvants with a particle size of just 300 nanometers, far smaller than the 1 to 10 micrometer range of traditional adjuvants. This innovation enhances antigen adsorption efficiency and boosts the overall stability of the product, addressing two critical factors in vaccine efficacy and shelf-life.  

    Beyond the adjuvant upgrade, Sinovac also noted that an enhanced purification process has raised the immunogenicity of the vaccine’s active ingredient, the part that triggers the body's immune response, further strengthening its protective effect.

    In recent years, Sinovac has been actively expanding its footprint in the trauma care sector. The adsorbed tetanus vaccine is a major step forward for its "trauma combination product" plan. In addition to this vaccine, Sinovac is advancing clinical research on SNA02-48, an anti-tetanus toxin monoclonal antibody injection.

    Source: By Li Jing | chinadaily.com.cn | Updated: 2025-08-26 14:50

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  9. (Xinhua) China's State Taxation Administration on Friday released value-added tax (VAT) invoice data for the period from April 2024 to July 2025, which reveals that the equipment-renewal program and consumer goods trade-ins have played an active role in facilitating industrial upgrading and transformation, boosting consumer demand, and improving economic circulation.  

    In the said period, the nationwide enterprise purchases of machinery equipment increased by 7.3 percent year on year.  

    Purchases of machinery equipment by industrial enterprises increased by 9.8 percent year on year. Purchases of machinery equipment in the information transmission and information technology services sector increased by 27.8 percent, while those in the scientific research and technological services sector grew by 28.3 percent.  

    During the same period, retail sales revenue for home appliances increased by 44.5 percent year on year, while retail sales for home audio-visual equipment saw a 22.8 percent growth.  

    Retail sales revenue for furniture and sanitary ware increased by 30.1 percent and 13.6 percent year on year, respectively. Notably, sales revenue for service robots grew by 51.1 percent.  

    The trade-ins have boosted China's auto consumption, with new energy vehicle sales surging by 81.7 percent.

    Source: Xinhua  2025-08-15 23:13:45

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  10. (China Daily) China's exports of home appliances grew steadily in the first half of the year, with emerging markets including Latin America, the Middle East and the Association of Southeast Asian Nations showing an upward trajectory, according to a report by an industry association.  

    Data from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products show that the cumulative export value of Chinese white goods — which refer to large household appliances like refrigerators, washing machines and air conditioners — stood at $68.78 billion in the first six months, up 6.2 percent year-on-year.  

    China's exports of household appliances to Asia rose 8.4 percent year-on-year to $26.92 billion during the period, while those to the European market increased 9.8 percent on a yearly basis, the report said.

    However, the country's household appliance exports to traditional markets such as North America, Australia and New Zealand declined during the January-June period, affected by rising trade protectionism and volatile tariff policies from the United States.  

    Exports to the North American market reached $11.87 billion, down 5 percent compared with the same period last year due to US tariff hikes, the report noted.  

    Moreover, with scorching temperatures gripping much of the Northern Hemisphere, the export volume of China-made air conditioners came up to nearly 57 million units in the first half. The figure is expected to exceed 90 million units by the end of this year.

    Exports of Chinese home appliance components maintained growth momentum in the first six months, with the export value reaching $10.9 billion, surging 18.6 percent from a year earlier, the report added.  

    Zhou Nan, secretary-general of the CCCME's home appliances branch, said the demand for Chinese white goods in emerging markets such as Southeast Asia, Africa and the Middle East is growing rapidly, providing new growth momentum for China's household appliance exports.  

    "Some Middle Eastern countries, such as the United Arab Emirates and Saudi Arabia, have accelerated economic transformation, expecting more Chinese companies to invest and start businesses there, which brings about new development opportunities for Chinese brands," he said.

    Zhou added that, in the face of mounting external uncertainties, Chinese home appliance exporters should diversify business layouts and strengthen supply chain resilience, while stepping up investment in research and development and technological innovation to make their products more intelligent, green and energy-saving.  

    Chinese appliance manufacturers are actively adjusting their globalization strategies to mitigate the risks of over-dependency on too few markets.  

    Haier Smart Home Co Ltd, a subsidiary of China's largest home appliance manufacturer Haier Group, is stepping up efforts to expand its presence in the Middle East through establishing an industrial park that produces air conditioners, TVs, refrigerators and freezers in Egypt.

    The park is expected to accelerate the company's presence and growth in the Middle East and Africa by leveraging its global supply chain to serve consumers in the region.  

    Li Dongsheng, founder and chairman of Chinese consumer electronics company TCL Technology Group Corp, said, "We will actively consider increasing industrial centers in Africa and strengthening our business in the Middle East."  

    Li said Chinese manufacturers should shift from exporting products to exporting industrial capacity, accelerate the building of global industrial chains and improve localized operations in overseas markets.

    Wu Chun, managing partner of Boston Consulting Group Greater China, said Chinese home appliance makers have accumulated years of advantages in production and supply chains, independent innovation capabilities and world-leading expertise in digital technologies.  

    "These core advantages can enable them to seize emerging opportunities under the new development landscape," Wu said, highlighting that Chinese enterprises have gradually shifted their strategic focus in their globalization processes.  

    "They are not only expanding their presence abroad but also integrating into local economies, establishing refined local operation capabilities and building sustainable businesses that align well with the dynamics of local markets," she added.  

    Jin Xu, chairman of the China Association of International Trade, said some emerging markets, such as Brazil, India and African countries, present immense growth potential for Chinese enterprises to expand their presence, adding that Chinese enterprises' diversified footprint will be conducive to optimizing resource allocation and lifting their international market share.

    Source: By Fan Feifei | China Daily | Updated: 2025-08-13 09:42

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