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China’s private sector

China’s private sector
The latest news, analysis and opinion on China’s private sector. In-depth analysis, industry insights and expert opinion.
Yu Donglai (centre) CEO of Chinese supermarket chain Pangdonglai. Photo: Sohu
China consumption

Meet Yu Donglai, founder of China’s viral supermarket chain and premier’s guest

Yu’s company has caught the public’s attention for its business practices and high-quality goods.

Mainland China

China hits Trip.com with US$765 million antitrust penalty

Investing

How Beijing became China’s biggest tech venture capitalist, from AI to chips

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China energy security

Power play: CATL wades into hydropower as China opens state projects further

Battery giant’s stake in Sichuan plant reflects Beijing’s push to diversify funding and inject market discipline into public infrastructure.

The deal marks CATL’s latest involvement in hydropower projects, following Beijing’s pledge last year to open commercially viable public infrastructure to the private sector. Photo: Shutterstock
Mainland China

China’s tycoons rein in charitable donations, switch focus to science, education

One major driver of overall decline in corporate donations has been the prolonged slump in country’s real estate sector.

China tariffs

What would 200% US tariffs on generic drugs mean for China’s pharmaceutical industry?

Analysts say that China’s pivot from generics to innovative drugs means the industry is less exposed to US levies.

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Biomedicine: Industry Trends

‘Historic breakthrough’: China approves novel drug ahead of US, Japan and Europe

Push to accelerate novel drug reviews promises earlier access to breakthrough therapies for patients long left waiting.

China is pushing to accelerate novel drug reviews. Photo: Shutterstock
Hong Kong

Fifa effect: Hong Kong developers bet on sport fever to keep shoppers spending

Neighbourhood malls to host year-round events encouraging consumers to open their wallets after World Cup mania delivers double-digit gains.

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Biomedicine: Companies

‘Systemic leap’: China’s drug innovation push yields bumper crop

Home-grown therapies account for 80 per cent of approvals in first six months of the year.

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Ctrip

China to conclude Trip.com antitrust probes as soon as this week, sources say

Market regulator expected to close investigation into top online travel service provider, with potential fines running into billions of yuan.

Trip.com is expected to face fines of up to 6 billion yuan. Photo: Shutterstock
Artificial intelligence

To survive China’s cost-conscious market, global brands embrace AI and robots

From L’Oréal to Coca-Cola, major multinationals are embedding cutting-edge technologies into operations to compete with local rivals.

A robot demonstrates sorting packages at the China International Supply Chain Expo in Beijing on June 22. Photo: EPA
Banking & finance

Mainland funds boost stakes in Hong Kong-listed biotech amid value dislocation

Analysts say valuation of the sector is attractive, with biotech firms trading relatively cheaply.

Diamonds as an Investment

Are diamonds over? Chinese gem lab cashes in as world embraces artificial stones

Lab-grown diamond maker Power Diamond sees profits triple as De Beers warns of ‘protracted’ challenges in natural stone market.

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Biomedicine: Companies

Europe beckons: can Chinese medical device makers thrive amid trade barriers?

Chinese medical device companies eye Europe for relief from hospital probes at home while navigating protectionism overseas.

Fiscal pressure has made European governments more receptive to Chinese medical devices in recent years. Photo: Xinhua
Aerospace: Policy

One giant leap for the state: how China’s aerospace model differs from SpaceX

Friday’s retrieval of a rocket booster made China the second nation to master the precision recovery of an orbital-class rocket component.

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A Long March-10B carrier rocket blasts off from a commercial spacecraft launch site in Wenchang, south China’s Hainan province, on Friday. Photo: Xinhua
France

In just 7 days: China’s Midea rushes 20,000 air cons to France amid heatwave

Europe’s lethal heatwave drives China’s appliance giant to sprint production and slash delivery times.

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Biomedicine: Companies

Can AI collaborations power China’s next wave of blockbuster drug deals?

China develops 30 per cent of new therapies worldwide as it rises to the top tier in innovation efficiency, drug supervision official says.

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Mainland China

Chinese delivery worker uniform wins top French Design Award

It marks the first time the Gold Award has been given for workwear design in its 11-year history.

Alibaba’s Taobao was honoured with the 2026 Gold Award at the French Design Award, marking the first time a uniform design has received the competition’s top honour in its 11-year history. Photo: Handout
Investing

Chinese political journal calls for ‘patient capital’ amid AI investment frenzy

Communist Party journal runs three consecutive commentaries encouraging long-term perspective in funding for technological innovation.

Britain

Chinese firms look to strike gold in a volatile global metals market

Futures brokerages and exchanges aim to grow their market footprint and offer more efficient hedging tools in the global commodity market.

Biomedicine: Industry Trends

China’s biotech boom: RAS-targeted drugs challenge US dominance

The rapid development of China’s RAS-targeted cancer drugs could reshape global oncology and unlock the country’s undervalued biotech firms.

Chinese biotech and innovative drug firms are rapidly closing the gap with its US rivals as it continues to develop RAS-targeted cancer therapies. Photo: Shutterstock
DeepSeek

China records most new unicorn start-ups in 5 years as AI and robotics boom

The pace is the fastest since 2021 though momentum for some start-ups remains uncertain, according to a new report.

A man stands next to a poster of a humanoid robot during the China International Supply Chain Expo in Beijing on June 25, 2026. Photo: AFP
US-China relations

Why China and the US are too entangled for a clean financial break

Though relations have turned frosty, analysts said US-China economic ties are too extensive to unwind completely – with dependencies on both sides.

Electric & new energy vehicles

China ends hybrid-car tax break as EV success creates challenges

Plug-in hybrid owners will have to start paying an annual vehicle levy in China, as the shift to new-energy models lowers tax revenues while also worsening road damage.

Japan

China’s carmakers are rewriting Europe’s auto hierarchy

But the rapid gains could slow if the EU widens tariffs on plug-in hybrid electric vehicles, analysts said.

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Visitors view a BYD electric vehicle at Expo Georgia in Tbilisi, Georgia, on June 13. Photo: Xinhua
Northern Metropolis

Why Hong Kong’s major developers stayed out of Northern Metropolis’ tender

Limited bids suggest government’s new land-sale model asks developers to do more than build homes, testing a role outside their expertise.

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An artists impression of the Hung Shui Kiu/Ha Tsuen new development area, part of Hong Kong’s Northern Metropolis. Photo: handout
China consumption

After hooking China on coffee, Starbucks ramps up consumer strategy

Now that the chain has Chinese consumers hooked on coffee, it is attempting to become part of local consumer culture, analysts say.

Biomedicine: Companies

China AI drug-design deals swell as US scrutiny mounts

Global pharmaceutical firms are tapping into Chinese artificial intelligence assets before patents expire on blockbuster drugs, advancing AI-driven biotech.

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