Business Brief (March 27): China Airlines to Raise Fuel Surcharges From April 5
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National long-term care insurance
China is shifting its long-term care insurance system from local pilots to a nationwide rollout. The National Healthcare Security Administration stated there will be no deductible, but reimbursement ratios will differ for residents and employees based on contribution variations to reflect the equivalence of rights and responsibilities. The premium rate will be controlled at around 0.3%, with the contribution base linked to income levels.
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- China will implement national long-term care insurance with a 0.3% premium rate and tiered reimbursements; airlines will raise fuel surcharges starting April 5, 2026.
- Google launched TurboQuant, an AI memory compression algorithm offering about 6x memory savings, impacting U.S. chip stocks.
- SMIC’s 2025 revenue rose 16.5%; Metax’s revenue surged 121.3% with narrowing losses; Skoda exits China, and Alibaba’s AI is now in Hongqi cars.
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Who’s Who
- Air China Ltd.
- Air China Ltd. is not directly mentioned in the article. However, the news summary indicates that airlines in China, including those offering domestic flights, are expected to raise fuel surcharges starting April 5, 2026. This suggests that Air China, as a major Chinese carrier, would likely be impacted by or participate in these price adjustments.
- China Southern Airlines Co. Ltd.
- The article mentions that airlines in China are expected to raise domestic flight fuel surcharges starting April 5, 2026. While China Southern Airlines Co. Ltd. isn't directly named, it's implied that they, along with other carriers, will likely follow suit with these sector-wide price adjustments.
- China Eastern Airlines Corp. Ltd.
- The provided article does not mention China Eastern Airlines Corp. Ltd. Therefore, I cannot provide information about them based on the given content.
- Spring Airlines Co. Ltd.
- Spring Airlines Co. Ltd. (春秋航空股份有限公司) is an airline mentioned in the article. It has published a notice regarding an upcoming increase in domestic flight fuel surcharges, effective April 5, 2026. This move is expected to be followed by other carriers in China, leading to sector-wide price adjustments.
- Google LLC
- Google LLC launched an AI memory compression algorithm called TurboQuant, capable of six-fold memory savings. This development led to a decline in U.S. chip stocks due to concerns about reduced demand for memory chips. The algorithm will be presented at the International Conference on Learning Representations in April.
- Semiconductor Manufacturing International Corp. (SMIC)
- Semiconductor Manufacturing International Corp. (SMIC) is an integrated circuit manufacturer. In 2025, SMIC reported a 16.5% year-on-year revenue increase to 67.3 billion yuan. Their net profit attributable to shareholders rose 36.3%, reaching 5.0 billion yuan.
- Metax Integrated Circuits (Shanghai) Co. Ltd.
- Metax Integrated Circuits (Shanghai) Co. Ltd. saw its revenue surge by 121.3% year-on-year in 2025, reaching 1.6 billion yuan. Despite this growth, the company reported a net loss of 789 million yuan, which is an improvement from the 1.4 billion yuan loss in the prior year.
- Volkswagen AG
- Volkswagen AG's Skoda brand intends to withdraw from the Chinese market. The article does not provide further details regarding the reasons for this decision or the timeline of their exit.
- China Taiping Insurance Holdings Co. Ltd.
- China Taiping Insurance Holdings Co. Ltd. attracted market attention due to a significant dividend payout. This payout was primarily attributed to a one-off tax policy factor.
- Alibaba Group Holding Ltd.
- Alibaba Group Holding Ltd. has integrated its artificial intelligence model, Qwen, into Hongqi vehicles. This makes Qwen the industry's first in-car AI assistant.
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What Happened When
- March 2026：
- China’s foreign ministry advises citizens to avoid traveling to Japan.
- March 2026：
- Japanese Prime Minister Sanae Takaichi states it is difficult for Japan to dispatch Self-Defense Forces to the Strait of Hormuz.
- Tuesday, March 24, 2026：
- Google's launch of the TurboQuant AI memory compression algorithm drags down U.S. chip stocks.
- March 26, 2026：
- Iran formally responds to a 15-point U.S. ceasefire proposal via intermediaries.
- March 26, 2026：
- The Japanese government begins releasing national oil reserves.
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