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College student volunteers tell stories and guide children in painting at Jinqiu Community in Shuijiahu Town, Changfeng County, Anhui province, Aug. 5, 2026. Photo: VCG

In Depth: Chinese Graduates Swarm Grassroots Jobs as Government Hiring Shrinks

Local governments are slashing quotas for public-sector and rural assistance programs, leaving highly educated youth with dwindling options and fueling extreme credential inflation

PBOC Deputy Governor Lu Lei. Photo: VCG

AI Agent Payment Risks Catch PBOC’s Eye

Central bank Deputy Governor Lu Lei calls for unified standards as autonomous transactions challenge traditional financial rules

In Depth: Frenzied Land Bidding Returns to China’s Prime Cities, but Has the Market Hit Bottom?

Record auction prices in Shanghai and Beijing are reviving hopes that the property slump is coming to an end, even though most of the action has been confined to a handful of prime parcels

Residential buildings under construction in Nanjing, Jiangsu province, on May 18, 2026. Photo: VCG

China Raises Threshold for New-Home Presales Under New National Standard

New rules require residential projects to be structurally topped out before units can be sold, tightening developer cash flow while seeking to better protect buyers and reduce unfinished-home risks

China Overhauls Real Estate Credit Rules in Shift Away From Presale Model

New guidelines from financial regulators mark a shift away from the presale model, tighten oversight of project funds and allow mortgage terms of up to 40 years

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Aug 28, 2026 03:48 PM
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A court in Nanjing, Jiangsu province, delivers a first-instance verdict on Aug. 28, 2026, in the bribery case against former senior Chinese official Jiang Chaoliang. Photo: CCTV News

Former Hubei Party Chief Sentenced to Life in Prison for $111 Million Graft

iang Chaoliang, who also headed major state banks, will serve life without parole after a two-year death penalty reprieve

Aug 29, 2026 03:55 AM
Vanke had 178.9 billion yuan of interest-bearing liabilities due within one year, up 15.1% from a year earlier. Photo: VCG

China Vanke’s First-Half Loss Widens as Sales Slump and Debt Pressure Builds

Developer posts a 16 billion yuan net loss as shrinking margins, impairment charges and weak asset sales add to concerns over liquidity and upcoming debt maturities

Aug 29, 2026 03:40 AM
Zhang Youxia (left) and Liu Zhenli (right)

China Removes Zhang Youxia and Liu Zhenli From Top Military Posts

The move comes months after both senior commanders were placed under investigation for suspected serious disciplinary and legal violations

Aug 29, 2026 01:47 AM

The Week Ahead (Aug. 31-Sept. 6): Shein Set to Raise $1.8 Billion in Hong Kong IPO

U.S. to impose up to 100% tariffs on imported drones; U.K. temporarily lowers audit requirements for Chinese listings

Aug 28, 2026 11:14 PM
Battery storage cabinets at the No. 1 energy storage power station in Shizuishan, Ningxia. Photo: VCG

China Energy Storage Buildout Slows as Market Adjusts to End of Policy Mandate

A slowdown in first-half additions signals the sector’s shift from state-driven buildout to a more competitive model centered on standalone projects and diversified revenue streams

Aug 28, 2026 10:59 PM
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Chart of the Day: China’s AI Chipmakers Are Turning Self-Reliance Into Sales

U.S. sanctions and a surge in large-model development at home have helped Cambricon, Hygon and Moore Threads achieve milestone revenue and profit growths

Aug 28, 2026 07:22 PM
Tencent released and open-sourced its next-generation large language model, Hy4 preview, on Friday. Photo: VCG

Tencent Unveils Larger AI Model in Bid to Close Gap With Rivals

The Chinese tech giant is speeding up its model-release cycle and integrating AI directly into office software to compete with Alibaba and ByteDance

Aug 28, 2026 05:37 PM
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China Business Uncovered Podcast: Inside Italy’s Chinese Underground Banking Rings

From fake invoices and shell companies to alleged links with Italian mafia groups, Chinese underground banks in Italy have allegedly moved billions of euros across borders

Aug 28, 2026 03:48 PM
Photo: VCG

AI Chipmaker Sunrise Doubles Valuation After Raising 2 Billion Yuan

The startup, which spun out from AI specialist SenseTime in 2024, intends to use the new funds for research, development and delivery of its next-generation products, as it focuses more on inference chips

Aug 28, 2026 02:21 PM
Liu Xiang competes for the men's 110m hurdles title at the 16th Asian Games in Guangzhou, Guangdong province, on Nov. 24, 2010. Photo: IC Photo

Olympic Star Liu Xiang Clashes With State Sports System Over Retirement

The 2004 gold medalist took to social media to criticize Shanghai sports officials over a delayed career placement and advertising fees, exposing the rigid bureaucracy that manages China’s top athletes

Aug 28, 2026 01:08 PM
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Foreign Beauty Brands Regain Ground in China as Domestic Rivals Stumble

Global cosmetic giants reported solid first-half growth in 2026, breaking a streak of rapid market share gains by Chinese competitors

Aug 28, 2026 12:15 PM
Ye Jianchun

China Investigates Jiangxi Governor Ye Jianchun in Anti-Graft Sweep

The 61-year-old is the 47th senior official targeted this year, making Jiangxi the hardest-hit province in Beijing’s ongoing anti-graft drive

Aug 28, 2026 11:56 AM
Police allege the network used high-value watches and bags to obscure illicit funds and defraud the state of millions in value-added tax refunds.

Denmark Arrests 13 Chinese Nationals in $15 Million Money-Laundering Probe

Police accuse the network of using high-end watches and bags to obscure illicit funds and defraud the state of millions in value-added tax refunds

Aug 28, 2026 11:38 AM
Photo: VCG

Commentary: China Must Bridge Its Growing Economic Divide

A widening divide between high-tech winners and struggling traditional sectors is exposing weak domestic demand, corporate austerity and mounting local-debt pressure

Aug 28, 2026 11:32 AM
Photo: VCG

Top Chinese Auto-Parts Maker Apologizes Over Abrupt Layoffs of Recent Graduates

Changzhou Xingyu Automotive Lighting Systems offers payouts and housing to appease public anger and local regulators as it pursues a secondary listing in Hong Kong

Aug 28, 2026 10:27 AM
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Weekly Must-Read: China Tech Firms Drive AI Data Center Boom in Southeast Asia

Chinese cloud companies and server facility operators are expanding across Malaysia, Thailand and Indonesia, seeking faster construction, cheaper capacity and a foothold in markets becoming central to the global AI race

Aug 28, 2026 10:00 AM



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