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Beijing Condemns U.S. Intervention in Venezuela

Politics/International Relations: China’s Foreign Ministry issued a sharp rebuke on January 5 following the U.S. military operation to arrest Nicolás Maduro. Beijing described the move as a "blatant use of force against a sovereign state" and a violation of international law. As a major creditor and strategic partner of Caracas, China called for the immediate release of the Venezuelan leader, warning that the action sets a "dangerous precedent" for global stability.

President Xi and ROK President Lee Launch Landmark Trade Talks

Politics/Economics: President Xi Jinping hosted South Korean President Lee Jae-myung for a four-day state visit beginning January 4. The summit, the first of its kind since 2019, aims to "reset" complex ties through enhanced economic and cultural cooperation. Despite missile tests from Pyongyang during the visit, both leaders emphasized the need for a "win-win" partnership to stabilize regional supply chains in the face of shifting global politics.

China Allocates 62.5 Billion Yuan for Consumer Trade-in Allowance

Economics: To kick off 2026, the National Development and Reform Commission announced a massive funding package to bolster domestic spending. The program offers subsidies for consumers trading in old electronics and cars for new, energy-efficient models. For the first time, "smart glasses" have been added to the eligibility list, signaling the government's push to integrate advanced wearable tech into the daily lives of the center class.

Central Bank Vows "Moderately Loose" Monetary Policy for 2026

Economics/Finance: The People’s Bank of China (PBOC) signaled on January 6 that it will maintain a supportive monetary stance throughout the year to ensure a smooth start to the 15th Five-Year Plan. Analysts predict the Yuan remains resilient, with potential to strengthen against the dollar. The policy aims to support the struggling property sector while funding high-tech manufacturing hubs in Guangdong and the Greater Bay Area.

New "Cinema Hot Pot" Trend Sweeps Chongqing and Chengdu

Arts/Entertainment/Travel: A viral cultural trend has emerged this week as cinemas in Southwest China begin offering "hot pot theater" experiences. Viewers can enjoy traditional spicy broth while watching the latest holiday blockbusters. This innovative service is part of a broader effort by the entertainment industry to revitalize physical cinema attendance by blending local culinary traditions with modern digital hardware and film tech.

Airbus Secures Massive $9.5 Billion Order from Air China

Business: Flagship carrier Air China ordered 60 Airbus A320neo aircraft on January 1, marking a significant win for the European manufacturer on its 40th anniversary in the Chinese market. The deal, which follows additional orders from regional carriers Spring and Juneyao, indicates a robust recovery in China’s domestic aviation sector and a strategic preference for diversifying fleet sources amid ongoing trade tensions with the United States.

Premier Li Qiang Calls for "Bold Actions" in Guangdong

Jobs/Economics: During a high-profile visit to Guangdong on January 6, Premier Li Qiang urged local officials to implement "decisive and innovative" strategies to boost investment. As the province remains China’s leading economic engine, Li emphasized that the 2026 focus must be on high-end manufacturing and AI integration to combat rising labor costs and maintain the region’s global competitiveness in the electronics sector.

Harbin’s Giant Snowman Becomes 2026’s First Viral Landmark

Arts/Tourism: The "Venice of the North," Harbin, officially debuted its iconic giant snowman for the 2026 winter season on January 3. The installation has already attracted hundreds of thousands of tourists, boosting the local hospitality sector. The city's "Ice and Snow Carnival" continues to serve as a vital soft-power tool, showcasing China's ability to drive massive domestic tourism even during sub-zero temperatures.

Beijing Bans Dual-Use Exports to Japan Over Taiwan conflict

Politics: In a significant escalation of trade restrictions, Beijing announced on January 6 a ban on the export of certain "dual-use" technologies to Japan. The move is a response to what the Foreign Ministry described as "meddling" in China's internal affairs regarding Taiwan. This development underscores the rising friction in East Asian trade relations as China tightens its grip on critical materials and advanced manufacturing components.

ISPO Beijing (Jan 9–11) – Major outdoor and snowsports trade fair.

HK International Stationery Fair (Jan 12–15) – Creative arts and school supplies expo.

Vegetarian Food Asia (HK) (Jan 23–25) – Largest plant-based food forum.

Chinese New Year (Year of the Horse) (Feb 17) – The start of a week-long "Golden Week."

Lantern Festival (March 3) – Traditional light festivals marking the end of the New Year.

International Women’s Day (March 8) – Half-day holiday for women with retail promotions.

The 18th CIHIE Expo (Guangzhou) (May 8–10) – Integrated housing and building expo.

Labor Day Golden Week (May 1–5) – Peak domestic travel period.

Shoes & Leather Guangzhou (May 20–22) – Massive industrial manufacturing fair.

IWF World Weightlifting Championships (Ningbo) (TBA, 2026) – Major international sporting event.

Dragon Boat Festival (June 19–21) – Traditional races and zongzi eating.

SP 2026 (St. Petersburg/Russia) (June 3–6) – High-level Chinese delegation expected.AI+ Power Hong Kong (June 4–5) – AI infrastructure and blockchain summit.

IHE China (Guangzhou) (June 4–6) – International Health Industry Expo.

Intertextile Shenzhen (June 9–11) – Major apparel fabrics and design showcase.

Beijing International Book Fair (BIBF) (June 17–21) – One of the world's largest publishing events.

MWC Shanghai (June 24–26) – Mobile World Congress for the Asian market.

SCO Summer Games (July/August) – Major regional multi-sport event.

Asia Adult Expo (HK) (Aug 25–27) – Reproductive health and novelty trade show.

Mid-Autumn Festival (Sept 25–27) – Mooncakes and family reunions.

National Day Golden Week (Oct 1–7) – Anniversary of the PRC; highest travel volume.

Mega Show Hong Kong (Oct 20–29) – Massive consumer electronics and gift fair.

The Russian Industrialist Expo (Nov) – Major Chinese manufacturing partnership focus.

EP Shanghai (Dec 3–5) – International Exhibition on Electric Power Equipment.

China, South Korea Agree to Expand Cultural Exchanges

China and South Korea agreed to resume and expand bilateral cultural exchanges, focusing on films, TV dramas and other arts products after a summit in Beijing. The foreign ministry said this structured approach will deepen cultural ties and could signal a warming in relations after years of restrictions on Korean entertainment in China. Officials plan working-level talks to promote cooperation.

South Korean President Begins State Visit to Beijing

South Korean President Lee Jae Myung began a state visit to China, his first since taking office, meeting President Xi Jinping in Beijing. Over 200 business leaders accompany Lee, highlighting cooperation on supply chains, tech, and tourism amid regional tensions. The visit indicates Beijing’s strategic diplomacy, strengthening economic and cultural links despite pressures such as North Korean missile launches nearby.

Chinese Tech Stocks Surge on AI Chip IPO Momentum

Chinese tech stocks kicked off 2026 with strong momentum in AI-related IPOs, especially in AI chip firms. Shanghai Biren Technology’s debut soared nearly 120% after raising HK$5.58 billion, reflecting investor enthusiasm even amid broader economic headwinds like property downturns. Future listings anticipated include Baidu’s AI chip division, indicating sustained investor interest in domestic tech innovations.

China’s Services Sector Growth Slows to Six-Month Low

China’s private services sector recorded its slowest expansion in six months in December 2025, highlighting persistent structural challenges such as weak domestic demand and the enduring property downturn. Despite meeting annual growth targets, economic underline slowing momentum and the need for deeper reforms to stimulate consumption and job creation across services industries.

Booming Tourism Sparks Strong Retail Sales Over New Year

China’s tourism market saw strong performance at the start of 2026, with coastal duty-free shopping up nearly 129% year-on-year. Travel and leisure spending helped lift consumption during the New Year holiday, signaling early signs of consumer confidence returning as regional tourism rebounds and cultural experiences become central to travel habits.

Chinese Public Holiday Travel Sparks Surging Demand

With China’s 2026 public holiday calendar announced, heavy travel periods during Spring Festival (Feb 15-23) and Golden Week (Oct 1-7) are expected to strain transport and accommodation services nationwide. Travelers are advised to book early, as high demand for train tickets, flights, and hotels could lead to price hikes and crowds at major attractions.

Local Club Complex Opens at Shanghai Football Club Site

Shanghai’s professional football club unveiled its first commercial cultural complex blending sports, tourism, arts, and exhibitions. The multi-use venue is designed to engage fans year-round beyond match days, offering retail, event, and community spaces that connect sports with lifestyle culture, and supporting local job opportunities in entertainment and hospitality sectors.

Irish PM Visits China in First Trip in 14 Years

Ireland’s Prime Minister Micheál Martin embarked on a five-day visit to China, the first by an Irish leader in over a decade, meeting top Chinese officials in Beijing and Shanghai. The visit aims to strengthen bilateral economic and diplomatic ties amid broader EU–China tensions. Discussions will cover trade, investment, and cooperation in areas such as education and technology.

China Highlights New Five-Year Plan Goals

In his New Year address, President Xi highlighted China’s rising “national power”, citing advances in AI, semiconductors, robotics, and cultural exports like films and games. He previewed China’s next five-year economic plan for 2026-2030, prioritizing high-tech manufacturing, scientific self-reliance, and consumption growth amid persistent trade and geopolitical challenges.

Asian Beach Games (Sanya) – Apr 22–30 (multi-sport)

ITTF-ATTU Asian Cup (Haikou) – Feb 4–8 (table tennis)

Wu Lin Feng Global Kung Fu Festival (Zhengzhou) – Feb 7 (kickboxing)

China Sport Show – May 21–24 (sporting goods expo)

East China Fair (Shanghai) – Mar 1–4 (trade fair)

APPPEXPO Shanghai – Mar 4–7 (printing & digital expo)

LED China – Shenzhen – Mar 1–3 (LED trade show)

China Fish 2026 (Beijing) – Feb 28–Mar 2 (fishing trade show)

International Digital Textile Printing Expo – Mar 4–7

China International Digital Corrugated Show – Mar 4–7

Shanghai Fashion Jewelry Expo – Mar 23–25 (jewelry trade) Reddit

Valorant Champions – Shanghai – 2026 esports world championship Wikipedia

Sitting Volleyball World Champs (Men) – Jul 10–17 (Hangzhou) WikipediaSitting

Volleyball World Champs (Women) – Jul 10–17 (Hangzhou) Wikipedia

Pet Fair Asia – Shanghai – Aug 2026 (pet industry expo) iSpiderMedia

Cafe Show China – Beijing – Aug 2026 (coffee & tea trade) iSpiderMedia

Dragon Boat Festival – Jun 19–21 (public holiday) Reddit

Chinese New Year/Spring Festival – Feb 15–23 (holiday) Reddit

Qingming Festival – Apr 4–6 (holiday) Reddit

Labor Day Golden Week – May 1–5 (holiday) Reddit

National Day Golden Week – Oct 1–7 (holiday) Reddit

Two Sessions Concludes, Setting 2024 GDP Growth Target at "Around 5%"

The annual National People's Congress concluded, endorsing Premier Li Qiang’s government work report. The key announcement was an economic growth target of "around 5%" for 2024, a goal analysts call ambitious amid deflationary pressures and a property slump. The session also emphasized "new productive forces" like high-tech manufacturing as central to China's development model.

China's Consumer Prices Return to Inflation, But Deflation Fears Linger

China's Consumer Price Index (CPI) rose 0.7% year-on-year in February, marking a return to inflation after four months of deflation. The increase was driven largely by holiday food and travel costs. However, the Producer Price Index (PPI) fell 2.7%, its 17th consecutive monthly drop, indicating persistent weak demand in the industrial sector and keeping broader deflationary concerns alive.

Government Pledges to Create 12 Million Urban Jobs Amid Youth Unemployment Focus

In his NPC report, Premier Li pledged to create over 12 million urban jobs in 2024. The plan places special emphasis on stabilizing youth employment, with promises to support graduates and vocational training. This follows last year's suspension of the release of youth jobless after it reached record highs.

China Box Office Sees Strong Holiday Boost During Lantern Festival

Theatrical revenues surged over the Lantern Festival weekend, with Zhang Yimou's crime thriller "Article 20" maintaining its top position. The strong performance indicates a recovery in domestic cinema attendance. Meanwhile, import rules saw the surprise approval of the American film "Wonka" for a late March release, a rare move for a recent Hollywood title.

National Art Museum Launches Major Exhibition on "The Spirit of Yan'an"

The National Art Museum of China (NAMOC) in Beijing opened a large-scale exhibition titled "The Spirit of Yan'an," featuring historical and contemporary works depicting the revolutionary base area. The show, aligning with ideological education campaigns, highlights art serving socialist core values and commemorates a key period in Chinese Communist Party history.

China Issues Strong Protest Over Philippine South China Sea Resupply

The Chinese Foreign Ministry lodged a formal diplomatic protest after Philippine vessels conducted a resupply mission to the BRP Sierra Madre at the disputed Second Thomas Shoal. China reiterated its "indisputable sovereignty" over the area and accused the Philippines of violating agreements and "inviting" external forces (a reference to the U.S.) to destabilize the area.

Huawei Reports Strong Profit Growth Amid Continued Tech Self-Sufficiency Push

Huawei Technologies announced a estimated 144% surge in net profit for 2023, driven by a recovery in its consumer business and growing sales of smart car components. The results, though from a low base, are touted as evidence of the company's resilience and success in navigating U.S. sanctions through domestic innovation and supply chain restructuring.

Regulators Pledge "Transparent and Predictable" Rules to Boost Investor Confidence

The China Securities Regulatory Commission (CSRC) head stated that new market rules would be "transparent and predictable" to restore fragile investor confidence. This follows a series of piecemeal support measures for the stock market, including a crackdown on quantitative trading, aimed at halting a prolonged sell-off that has wiped out trillions in value.

China to Launch New Carbon Footprint Management System for Major Products

The Ministry of Ecology and Environment announced plans to establish a carbon footprint management system for key products like aluminum, lithium-ion batteries, and steel by 2027. The policy, starting with collection standards in 2024, aims to align Chinese industrial exports with the EU's Carbon Border Adjustment Mechanism (CBAM) and promote domestic green supply chains.

Two Sessions (NPC & CPPCC Annual Meetings): (Mar 2026, Beijing) - Setting the year's policy agenda.

20th National Congress of the Chinese Communist Party (CCP): (Expected late 2026) - Held every five years to set long-term strategy and leadership.

National Day Golden Week: (Oct 1-7, 2026) - 77th anniversary of the PRC with major celebrations.

International & Expo:

UN Biodiversity Conference (COP16): (Late 2026) - To be held in China, a major environmental diplomacy event.
ina-EU Year of Culture and Tourism (Potential): (Often declared for specific years).

End of the Long March (1936): (Oct 2026) - Likely to be commemorated with significant ideological and cultural events.

Economic & Development:

China International Import Expo (CIIE): (Nov 2026, Shanghai) - 9th edition of the world's largest import-themed expo.

Boao Forum for Asia (BFA): (Mar 2026, Hainan) - Premier platform for Asian economic integration.

China International Fair for Trade in Services (CIFTIS): (Sep 2026, Beijing).

China-Africa Cooperation Forum (FOCAC) Summit: (2026, likely in Africa) - Next major diplomatic summit.

Targeted Completion of Major High-Speed Rail Links: (Ongoing projects like Sichuan-Tibet railway segments).

Cultural & National:

Spring Festival (Chinese New Year): (Feb 17, 2026 - Year of the Horse) - Largest annual migration and celebration.

Lantern Festival: (Mar 5, 2026) - Marking the end of the New Year period.

Qixi Festival (Chinese Valentine's Day): (Aug 14, 2026).

Mid-Autumn Festival: (Sep 25, 2026).

Asian Games Hangzhou Legacy Events: (Potential post-2022 Asiad legacy competitions).

Winter Youth Olympics (Gangwon 2024 Legacy): (Possible events or cultural exchanges).

Formula 1 Chinese Grand Prix: (Targeted return to Shanghai International Circuit, pending contract).

Tour of Hainan (Cycling): (Annual international race).

Chinese Super League Football Season: (2026 season).

CBA Basketball Finals: (Apr-May 2026).

Science & Technology:

Chang'e-7 Lunar South Pole Mission Launch (Targeted): - Part of China's ambitious lunar exploration program.

Core Module Completion of the International Lunar Research Station (ILRS): (Targeted milestones with partners).

World Artificial Intelligence Conference (WAIC): (Jul 2026, Shanghai).

World Internet Conference (WIC): (Usually in autumn, Wuzhen).

Shanghai Stock Exchange Hits 18-Month High on Tech Optimism

Economics/Business: The Shanghai Composite Index surged to its highest level since mid-2024 on January 5. Investors are reacting positively to the government’s new "Strategic Emerging Industries" fund, which earmarked $40 billion for domestic semiconductor manufacturing. Analysts suggest that the decoupling from Western chip architecture is driving a domestic investment frenzy, with local hardware firms seeing share prices jump by nearly 15% in the first week of the year.

China-Kyrgyzstan-Uzbekistan Railway Completes First Winter Trial

Business/Politics: On January 4, officials announced the successful completion of the first heavy-load winter test for the CKU railway. This project is a cornerstone of the 2026 Belt and Road strategy, aimed at bypassing traditional maritime routes. By establishing a direct land link to Central Asia and Europe, Beijing expects to reduce freight costs by 20%, positioning the western provinces as new centers for international logistics and trade.

Major AI Regulation Update Targets "Deepfake" Identity Verification

Politics/Tech: The Cyberspace Administration of China (CAC) implemented strict new guidelines on January 3 requiring all generative AI platforms to embed "non-removable" digital watermarks. The move is designed to combat identity theft and misinformation during the 2026 regional administrative reshuffles. Platforms failing to comply face immediate suspension, as Beijing prioritizes social stability and "information sovereignty" over rapid, unregulated tech growth in the new year.

Shenzhen Reports Record "Smart Job" Placements for Graduate

Jobs/Economics: On January 6, the Shenzhen Municipal Government released showing a 12% increase in job placements for specialized tech roles compared to last year. The city’s "Talent High-Speed" initiative has successfully matched 50,000 recent graduates with roles in quantum computing and biotech labs. This shift indicates that despite a general cooling in the traditional property sector, the high-tech labor market remains the primary engine for middle-class growth.

Hong Kong’s "Kai Tak Sports Park" Opens for 2026 Season Entertainment/Arts:

Hong Kong’s massive new sports and entertainment precinct hosted its first major international concert on January 2. The opening marks a significant milestone in the city’s post-pandemic recovery strategy, aiming to reclaim its status as Asia’s premier events hub. Officials stated that the park will host over 100 events in 2026, including the National Games, providing a much-needed boost to the local tourism and hospitality sectors.

New "Silver Economy" Policy Boosts Retirement Services Economics/Social:

China’s State Council issued a directive on January 4 to accelerate the development of the "Silver Economy." With the elderly population projected to hit new peaks in 2026, the government is offering tax breaks for private firms entering the elderly care and specialized medical device sectors. This policy is expected to create 2 million new jobs in the healthcare service industry over the next twenty-four months.

China and Saudi Arabia Finalize "Petro-Yuan" Settlement

Business/Politics: Financial authorities in Riyadh and Beijing confirmed on January 5 the establishment of a dedicated clearing center for Yuan-denominated oil trades. This move significantly advances the "De-dollarization" efforts discussed in late 2025. Economists note that this will stabilize China’s energy import costs and further entrench the Yuan as a reserve currency within the Middle Eastern energy markets throughout 2026.

Beijing Opera House Debuts AI-Generated Set Design

Arts/Entertainment: In a fusion of tradition and technology, the National Centre for the Performing Arts premiered a classic opera on January 4 featuring scenery designed entirely by a domestic AI model. The production received critical acclaim for its "digital traditionalism." Critics argue that this marks a new era for the Chinese arts scene, where high-tech tools are being used to make traditional cultural heritage more accessible to younger, tech-savvy audiences.

Jetliner Begins Regular International Commercial Routes

Business/Aviation: Comac’s C919 aircraft completed its first scheduled international commercial flight from Shanghai to Bangkok on January 2. This marks the beginning of the narrow-body jet’s expansion into the Southeast Asian market for 2026. Aviation experts view this as a direct challenge to the Boeing-Airbus duopoly, as Chinese airlines prioritize domestic-made aircraft for regional routes to ensure supply chain resilience.

Hainan Free Trade Port Implements "Zero-Tariff" List Expanse

Economics/Business: As of January 1, the Hainan Free Trade Port expanded its list of zero-tariff imported goods to include advanced medical equipment and luxury yachts. On January 6, local customs reported a record influx of international cargo. This expansion is part of China’s 2026 "Island-wide Closure" preparation, aiming to make Hainan a fully independent customs territory and a major rival to regional ports like Singapore.

China Sees Record Mobility Over 2026 New Year Holiday

China’s 2026 New Year holiday travel period set new mobility records, with 595 million passenger trips recorded across all transport modes. Domestic tourism surged with 142 million internal journeys that generated roughly RMB 84.8 billion in spending. Border crossings also hit 6.6 million, boosted by expanded visa-free policies and discounted travel fares, pointing to renewed consumer confidence in travel and tourism sectors.

China Front-Loads 2026 Infrastructure Investment

Beijing has unveiled early 2026 infrastructure plans worth ~295 billion yuan (≈US$42 billion) to accelerate growth and support long-term resilience. These projects span transport networks, energy grids

, water systems, and ecological conservation. Officials say front-loading investment will help sustain economic momentum amid slower private demand and property sector challenges, while laying groundwork for the 15th Five-Year Plan period (2026–2030).

Beijing Says Ceasefire Between Thailand, Cambodia Is Implementing

China confirmed that the December ceasefire between Thailand and Cambodia is being “gradually implemented”, marking progress after months of border clashes. Chinese Foreign Ministry spokesperson Lin Jian expressed hope the agreement will be comprehensive and lasting, including the return of 18 Cambodian soldiers as part of confidence-building measures. The development highlights Beijing’s regional diplomatic role in Southeast Asia conflict resolution.

Beijing Tightens Dual-Use Export Controls to Japan Amid Conflict

China announced strengthened controls on dual-use exports to Japan, raising the stakes in a growing row between the two countries. The tightened restrictions target goods with potential military applications and reflect broader security tensions linked to Taiwan and regional defence cooperation. The move is likely to add friction to already strained bilateral relations.

China and South Korea Move to Reset Cultural Exchanges

Analysts say China and South Korea are working to reset ties after a major diplomatic summit in Beijing, with agreements to resume and expand cultural exchanges around films, TV dramas, and entertainment productions. The initiative aims to rebuild people-to-people links and broaden cooperation beyond traditional diplomacy, signaling potential thawing of past restrictions on South Korean media in China.

Beijing Condemns U.S. Capture of Venezuela’s Maduro at UN

China’s Foreign Ministry condemned the capture of Venezuela’s President Maduro by U.S. forces, characterizing it as a violation of international law and sovereignty. Beijing’s stance came as the UN Security Council debated legality of the action. China’s response underscores Beijing’s support for principles of non-interference and signals diplomatic friction with Washington over global security norms.

Foreign Ministry Says China Will Continue Major-Power Diplomacy in 2026

At its first regular press briefing of 2026, the Chinese Foreign Ministry said 2026 will witness enhanced “major-country diplomacy with Chinese characteristics”, stressing China will continue efforts to make its voice heard internationally and deepen mutual understanding with global partners. The remarks align with diplomatic priorities in the early 15th Five-Year Plan period.

Harbin Ice & Snow Festival Draws Global Art Fans

The Harbin Ice and Snow Festival in Heilongjiang Province has transformed the northern city into a dazzling frozen spectacle with intricate ice sculptures. Artists from around the world participate, attracting tourists and highlighting China’s emerging winter cultural tourism industry. Illuminated night displays and interactive winter attractions help position Harbin as a global cold-weather arts destination.

Foreign Ministry Addresses Indo-Pacific Security Comments

In its January 6 press briefing, China responded to Japanese political comments about regional security and rising Indo-Pacific tensions, reiterating Beijing’s concerns about cooperation between China, Russia, and the DPRK. The ministry highlighted the need for dialogue over confrontation and emphasized China’s view of regional stability challenges amidst shifting strategic dynamics.

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Exports Surge in February, Beating Forecasts
China's exports in dollar terms surged 7.1% year-on-year in February, far exceeding analyst expectations of a 1.9% increase. The strong , led by shipments of electric vehicles, lithium batteries, and solar cells ("the new three"), signals robust global demand for China's high-tech manufactured goods and provides a positive note amid concerns over weak domestic consumption.

Major Tech Firms Announce New AI Talent Recruitment Drives
Following the "Two Sessions" focus on AI, leading firms like Baidu, Alibaba, and Tencent have launched new recruitment campaigns for hundreds of AI engineers and researchers. The push aims to build domestic "large model" teams and reduce reliance on foreign technology, creating high-value jobs but also intensifying the war for top-tier talent in a competitive market.

Ever Liquidation Proceedings Stall as Creditors Disagree
The Hong Kong court-ordered liquidation of property giant China Evergrande Group has hit a significant hurdle. Major onshore creditors in mainland China are reportedly resisting the offshore liquidation plan, demanding priority over assets. The deadlock highlights the immense complexity of untangling the firm's $300+ billion liabilities and could prolong the sector's crisis.

Live-Streaming Star Li Jiaqi Returns After Four-Month Hiatus
Top e-commerce live-streamer Li Jiaqi, known as the "Lipstick King," returned to Douyin (TikTok) after a four-month unexplained absence. His first broadcast sold an estimated 1 billion RMB ($140M) in goods within hours, demonstrating the enduring power of major influencers in China's retail landscape and relieving partner brands dependent on his sales channel.

New Regulations Tighten Control Over "Xuefeng" Online Content
Cyberspace authorities issued revised regulations targeting "online violence and malicious defamation," known as xuefeng. The rules mandate real-name registration for commenters and require platforms to swiftly delete "illegal" content. Critics argue the broadly defined terms will further chill online discourse, while supporters claim they are necessary to protect social stability.

Shanghai Biennale Announces 2025 Theme: "Cosmos Cinema"
The 15th Shanghai Biennale, a premier contemporary art event, unveiled its 2025 theme as "Cosmos Cinema." Curated by artist and filmmaker Apichatpong Weerasethakul, it will explore themes of ecology, technology, and spirituality. The announcement underscores China's continued engagement with global art currents, even amid ideological tightening in other cultural spheres.

SMIC Reports Breakthrough in 5nm Chip Production Process
Semiconductor Manufacturing International Corporation (SMIC), China's top chipmaker, has reportedly made a breakthrough in developing a 5-nanometer chip fabrication process using existing deep ultraviolet (DUV) lithography equipment. If confirmed, it would represent a significant step in circumventing U.S. restrictions on advanced extreme ultraviolet (EUV) machines, though yield and volume challenges remain.

Coastal Provinces Launch "Blue Carbon" Trading Pilots
The provinces of Guangdong and Fujian initiated pilot programs for trading "blue carbon" credits, representing carbon sequestered by coastal ecosystems like mangroves and seagrass beds. The move aims to create financial incentives for marine conservation and establish China in a potential global market for ocean-based carbon offsets.

COMAC Secures Major Order for C919 Jet from New Chinese Airline
State-owned Commercial Aircraft Corporation of China (COMAC) secured an order for 30 of its C919 narrow-body passenger jets from a newly established Chinese carrier, Chengdu Airlines. The deal represents a crucial step in the domestically produced plane's commercial rollout, aiming to challenge the Airbus-Boeing duopoly in the world's second-largest aviation market.

State Planner Unveils "Large-Scale Equipment Renewal" Stimulus Plan
The National Development and Reform Commission (NDRC) announced a detailed action plan to promote the renewal of machinery and equipment in industry, agriculture, and public services. The policy, encouraging the retirement of old machinery, is designed to boost domestic demand for manufactured goods and accelerate industrial upgrading, acting as a key fiscal stimulus tool for 2024.

Beijing Municipal Congress Closes, Prioritizing "Capital Function"
The annual session of the Beijing Municipal People's Congress concluded, passing the city's 2024 work report. Priorities include strengthening the "four centers" strategy—focusing on politics, culture, international exchanges, and science innovation. Major emphasis was placed on ensuring absolute security and stability in the capital, with heightened measures for the coming political calendar.

Beijing Sets 2024 GDP Growth Target at 5%, Matching National Goal
Mayor Yin Yong announced Beijing's economic growth target for 2024 is approximately 5%, aligning with the national goal. The plan focuses on high-quality growth driven by the digital and "big science" sectors in areas like Zhongguancun. Specific policies were announced to support private tech firms and attract foreign R&D centers.

Line 1 and Batong Line Renovation Project to Begin
The Beijing Municipal Commission of Transport confirmed a major renovation project for the decades-old Subway Line 1 and the Batong Line will commence next month. The work, to be conducted mostly during overnight hours, will involve track replacement and station upgrades, aiming to improve safety and ride comfort on these critical, high-traffic corridors.

City Reports Record High "Good Air Quality" Days for February

Beijing's Ecology and Environment Bureau announced the city recorded 28 days of good air quality (PM2.5 below 75 µg/m³) in February, a record high for the month since comprehensive monitoring began. Officials attributed the improvement to favorable weather and continued regional emission reduction efforts, though spring sandstorms remain a concern.

National Centre for the Performing Arts Premieres AI-Assisted Opera

The NCPA premiered "Flying to the Moon," a new opera created with AI tools used in set design visualization and score analysis. The production, telling a classic Chinese legend, represents a high-profile experiment in integrating artificial intelligence into traditional artistic creation, sparking debate among purists and technologists.

Haidian District Launches "AI Talent Hub" with Housing Subsidies

Beijing's Haidian District, home to Zhongguancun Science Park, launched a new talent plan offering subsidized rental housing and research grants specifically for top-tier AI scientists and engineers. The initiative aims to secure Beijing's lead in the national AI race by easing the immense living cost pressures for highly sought-after professionals.

Sanlitun Taikoo Li Expansion Unveils New Luxury Retail Wing

The high-end Sanlitun Taikoo Li shopping complex unveiled its long-awaited "North District" expansion. The new wing adds over 100 stores, with a significant portion dedicated to flagship boutiques for European luxury brands and premium Chinese designers, reinforcing Beijing's status as a leading luxury retail market despite economic headwinds.

New Regulations Curb "Cram School" Operations in City Center

The Beijing Municipal Education Commission issued stricter enforcement rules for after-school tutoring institutions. The regulations ban new registrations of for-profit "cram schools" within the core city districts and increase penalties for curriculum violations, further tightening the "double reduction" policy aimed at alleviating student pressure.

Restored "Qianmen" Cinema Reopens as Arthouse Film Venue

The historic Qianmen Cinema, a landmark built in the 1930s, has reopened after a three-year restoration. Operated by the China Film Archive, it will now function as a dedicated arthouse cinema, screening classic Chinese films and curated international works, adding a new cultural destination to the renovated Qianmen pedestrian street.

City Announces Pilot "15-Minute Community

The city's urban planning authority selected six older residential compounds for pilot upgrades to perfect the "15-minute community life circle." The projects will integrate new communal spaces, elderly care facilities, and commercial services within a short walk, serving as a model for future urban renewal focused on livability rather than large-scale redevelopment.