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SAIC Motor Corp., one of China’s largest carmakers, is scaling back its ambitions in India, handing over more control of its operations to its local partner as political and regulatory pressures mount, reports Caixin.

China’s industry regulator found that carmakers including #BYD Co. and #Chery Automobile Co. claimed electric vehicle subsidies they didn’t actually qualify for during the five years that started in 2016. The amounts came to more than RMB 864 million ($121 million), #Bloomberg

Cloud infrastructure services spending in #China reached $11.6 billion in the first quarter, up 16% from a year earlier, as adoption accelerated on the back of mainland enterprises’ growing artificial intelligence (#AI) activities, according to research firm Canalys.

Major Chinese cities have reported a surge in purchases of tax-refundable goods by foreign tourists in recent months, as new duty-free rules designed to boost tourism spending begin to pay off, reports the South China Morning Post.

Chinese banks are struggling to comply with new Beijing guidelines to boost consumer credit as they reel from a surge of defaults on personal loans and have a hard time finding households in good financial shape that want to borrow, reports #Reuters.

As the US dollar weakens, Chinese investors are showing increased interest in overseas assets, driving a sharp rebound in QDII fund performance and prompting regulators to expand outbound investment quotas to meet rising demand, reports Caixin.

The value of apparel imports from #China to the #USA fell in May to its lowest monthly level in 22 years, according to latest trade data, highlighting the impact of steep US tariffs, reports #Reuters .

Hong Kong’s stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their trading debuts, cementing the city’s top global ranking for initial public offerings (IPOs), reports the South China Morning Post.

#China 's factory gate prices fell last month at the fastest pace in nearly two years, as #USA President #DonaldTrump ’s trade war and intense competition in the world’s largest manufacturer weighed on producer prices, reports the Financial Times.

The team behind Chinese general-purpose artificial intelligence (AI) agent Manus has relocated its headquarters to #Singapore , stoking speculation that the move was aimed at facilitating easier access to #NVIDIA chips amid US export controls to China, reports the #SCMP

🧩 China’s GDP grew a reported 5.2% year-on-year in the second quarter, meeting market expectations, official data shows. The growth rate, released Tuesday by the National Bureau of Statistics (NBS), is the same as the average 5.2% estimate from a Caixin survey of economists.

#China's new home prices in June fell at the fastest monthly pace in eight months, official data showed on Tuesday, underscoring the challenges policymakers face in reviving demand in the sluggish sector even after multiple rounds of support policies

#Nvidia has said the #Trump administration has relaxed restrictions on exporting a key artificial intelligence product designed specifically for the Chinese market, saying it hoped to resume deliveries of its H20 chip “soon,” reports the #FinancialTimes.

#CATL and #BYD have signed initial agreements with Australian mining giant BHP to collaborate on battery #technology and electrification of mining operations, as both mainland firms explore new growth avenues amid a weakening outlook for electric vehicles

Chinese exports rose 5.8% year on year in dollar terms in June, beating expectations as companies used a tariff truce with the #USA to ship goods ahead of an August deadline for a more definitive deal, reports the #FinancialTimes

A record share of American firms froze investments in #China as trade ties worsened earlier this year, a recent survey suggests, reports #Bloomberg

The urban jobless rate for those aged 16 to 24, excluding students, dipped to 14.5% last month—more than one in seven people—from 14.9% in May, according to data released by the National Bureau of Statistics #China

A high-stakes contest for a handful of coveted licenses to issue stablecoins in #HONGKONG has rocked #China’s stock market, as investors place bets on which firms will lead the city’s digital currency charge, reports #Caixin

#USA Commerce Department said it will impose preliminary anti-dumping duties of 93.5% on anode-grade graphite imported from China after concluding that the materials, which are a key component for electric vehicle batteries, are being sold in the US at less than fair market value

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