(Xinhua) China's commerce ministry on Monday condemned the United States for abusing export control measures targeting Chinese chip products, urging the country to immediately correct its wrongdoings and cease discriminatory measures against China.

Commenting on a revised U.S. announcement concerning Chinese chip products, the spokesperson said that the announcement in essence still contains discriminatory measures and will distort the market.

The United States has abused its export control measures and imposed stricter restrictions on Chinese chip products based on unfounded allegations, the spokesperson said, adding that China firmly opposes such unilateral bullying.

The U.S.

(AP) Shares in CATL, the world’s largest maker of batteries for electric vehicles, jumped more than 16% Tuesday in its Hong Kong trading debut after it raised about $4.6 billion in the world’s largest initial public offering this year.

The solid reception for the Chinese company, Contemporary Amperex Technology Co., in Hong Kong suggests there is still an appetite among international investors for leading Chinese manufacturers despite trade tensions between Beijing and Washington.

(Xinhua) China's tax and fee cuts, as well as tax refunds supporting sci-tech innovation and manufacturing totaled 424.1 billion yuan (58.97 billion U.S. dollars) in the first quarter of 2025, the State Taxation Administration said Monday.

Value-added tax (VAT) invoice data also indicated that structural tax and fee relief measures are accelerating the country's innovation momentum and high-quality manufacturing development, said the administration.

(Xinhua) China has released an implementation guideline on accelerating the high-quality development of the science and technology services sector.

The Ministry of Industry and Information Technology, the China Association for Science and Technology, and seven other government organs jointly issued the guideline.

(China Daily) Chinese automaker Changan Automobile's first overseas electric vehicle production plant started operations in Thailand on Friday, which is a significant step for the kingdom's development toward becoming a regional EV hub, insiders say.

Situated in Rayong Province in eastern Thailand, the facility represents Changan's inaugural comprehensive overseas EV production base.

(China Daily) Huawei Technologies Co officially unveiled its personal computers powered by its self-developed operating system on Monday in Chengdu, Sichuan province, aiming to break the dominance of Microsoft's Windows and Apple's macOS in desk operating systems.

According to Huawei, the HarmonyOS for PCs leverages over 2,700 core patents and five years of research and development efforts, involving more than 10,000 top engineers and 20 research institutes.

(China Daily) Xiaomi Corp confirmed on Monday that it will unveil a 3nm Xuanjie O1 chip on Thursday, after over four years of intensive R&D efforts.

The move will position Xiaomi in direct competition with leading global chipmakers, with the new chip poised to power Xiaomi's latest smartphones.

Lei Jun, CEO and chairman of Xiaomi, said via a post on Sina Weibo that the company's cumulative investment in Xuanjie chip exceeded over 13.5 billion yuan ($1.9 billion) by the end of April 2025.

Youdao, Inc., an AI-powered solutions provider specializing in artificial intelligence applications for the learning and advertising verticals, announced its unaudited financial results for the first quarter ended March 31, 2025.

First Quarter 2025 Financial Highlights

Total net revenues were RMB1.3 billion (US$178.9 million), representing a 6.7% decrease from the same period in 2024.

(Xinhua) The total output value of China's satellite navigation and positioning service industry reached 575.8 billion yuan (about 79.9 billion U.S. dollars) in 2024, up 7.39 percent year on year, according to a white paper published Sunday.

(Xinhua) China launched a CERES-1 carrier rocket from the waters near east China's Shandong Province on Monday, placing four new satellites into planned orbit.

The commercial rocket blasted off at 3:38 p.m. (Beijing Time), carrying the four satellites belonging to the Tianqi constellation.

The Taiyuan Satellite Launch Center carried out the offshore launch.
Loading