星巴克出售中国业务60%股权
2025-11-04
| Starbucks said it has agreed to sell a controlling stake in its China coffee chain to Hong Kong-based private equity firm Boyu Capital for US$4 billion. Under deal, Boyu will hold a 60 percent interest in the retail operations of the venture, and Starbucks will maintain licensing of the brand and intellectual property used by their joint venture.
Starbucks opened its first outlet in China in 1999 and now has more than 8,000 venues in China, its second-largest market, but it has been steadily been losing market share in recent years to lower-price domestic rivals such as Luckin Coffee. The announcement of the new joint venture came months after the global coffee chain said it was entertaining bids to sell part of its China operations. Starbucks said it values its China business at more than US$13 billion, including proceeds from the stake sale, its retained interest and ongoing licensing fees. The new joint venture will be headquartered in Shanghai. |
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| 来源: Shanghai Daily |
中国团队完成南极科考站建设工作
2025-11-04
| China dispatched its 42nd expedition team to Antarctica with the mission of completing work on the Qinling station, the nation's fifth base on the frozen continent. The station is due to be completed by February, at the end of the Southern Hemisphere summer. All construction materials have been custom made and are eco-friendly, CCTV News reported. Qinling is the first base to be digitally advanced, with a smart system tracking supplies to automatically signal if they are running low. | |
| 来源: Shanghai Daily |
小鹏飞行汽车工厂开始试生产
2025-11-04
| The flying car affiliate of Chinese electric carmaker Xpeng began trial operations of the world's first factory for mass-produced, low-altitude aerial transport, a next-generation technology. The plant, located in the southern city of Guangzhou, will have production capacity to make 10,000 detachable electric modular flying cars. The company has received orders for 5,000 of the vehicles, which comprise a six-wheel ground vehicle, referred to as the "mothership," and a detachable electric vertical take-off and landing aircraft. | |
| 来源: Shanghai Daily |
中韩两国总统举行会谈
2025-11-03
| Chinese President Xi Jinping held talks with South Korean President Lee Jae-myung on Saturday, vowing that China stands ready to work with South Korea to ensure the steady and long-term development of both their counties. Xi was attending the Asia Pacific Economic Cooperation (APEC) summit hosted by South Korea – his first trip to China's regional neighbor in more than a decade. Xi expressed a willingness to accelerate the second phase of negotiations on a free-trade agreement and said both countries should work cooperatively on the development of emerging fields such as artificial intelligence and biopharmaceuticals. The Xi-Lee talks came after the Chinese president held a meeting with Canadian Prime Minister Mark Carney to ease years of fraught bilateral relations. China will host the 2026 APEC summit in the city of Shenzhen. | |
| 来源: Shanghai Daily |
中国人寿保险利润受投资收益拉动增长
2025-11-03
| China Life Insurance, the nation's largest life insurer by market share, said third quarter net profit rose 92 percent to 126.9 billion yuan (US$17.8 billion) on a 55 percent increase in operating income to 299 billion yuan. The company specializes in life, annuity and health insurance, and is known for its extensive sales network. For the first nine months of the year, income rose 26 percent to 537.9 billion, and net was up 61 percent to 168 billion yuan. Income from investment in strong financial market rallies this year shot up 41 percent. Premium income gained 10 percent. As of September 30, the insurer reported assets of 7.4 trillion yuan.
Other leading Chinese insurers also reported balance-sheet benefits from investments in this year's bullish stock markets. People's Insurance Company of China said net income in the third quarter rose 49 percent to 20.3 billion yuan on an 11 percent revenue gain to 197 billion yuan. Income from investments shot up 35 percent. For the first nine months, revenue rose 11 percent to 521 billion yuan, yielding a 29 percent increase in profit to 46.8 billion yuan. The company had assets of 1.9 trillion yuan. China Pacific Insurance Group said third-quarter net profit surged 19 percent from a year earlier to 45.7 billion yuan, on a 3.6 percent gain in revenue to 216 billion yuan. |
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| 来源: Shanghai Daily |
安世纠纷：能否找到建设性出路？
2025-11-03
| The recent trade deal between the US and China has shifted the ground somewhat under the high-profile dispute involving the US, China and Netherlands over Dutch-based chipmaker Nexperia, which is owned by China's Wingtech Technology. The dispute threatens to disrupt supplies of vital chips used in automaking, alarming global carmakers.
Dutch authorities seized Nexperia in late October on grounds of national security, and Beijing responded by banning chip exports from Nexperia's Chinese factories. The Dutch action was apparently based on information from the US that Washington was expanding a trade blacklist, which already includes Wingtech, to rope in subsidiaries like Nexperia. However, the trade agreement reached by Chinese President Xi Jinping and US President Donald Trump at a meeting last week has suspended the list expansion. In turn, China's commerce ministry indicated it may loosen export restrictions on semiconductors made by Nexperia in China. The Dutch company said on Sunday it welcomed recent statements by the US and China removing barriers to chip shipments, but it declined to comment from a statement from its Chinese subsidiary that it will seek independence from its parent. The Dutch government said separately it is continuing talks with the Chinese and other governments on a "constructive way forward." Nexperia's China unit on Sunday said it has "sufficient inventories" and a stable supply chain, seeking to calm concerns after its Dutch parent halted wafer shipments to its Chinese plant last week. |
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| 来源: Shanghai Daily |
中美达成共识，将减少贸易摩擦
2025-10-31
| Chinese President Xi Jinping and US President Donald Trump, after a 90-minute meeting in South Korea on Thursday, agreed to roll back some tariffs and trade barriers that have flared tensions.
China's Ministry of Commerce said the agreement calls for the US to reduce a fentanyl-related tariff, continue a suspension of 24 reciprocal tariffs on Chinese imports, pause investigations targeting China's shipping and logistics industries, and delay a blacklist expansion that could affect some 20,000 Chinese companies. Trump said the accord calls for China to suspend tighter export controls on rare earth minerals for a year, resume buying US soybeans and take stronger steps to curtail exports of chemicals used in making illicit fentanyl. Trump also said the agreement leaves an overall average tariff rate of about 47 percent on Chinese imports, and he said the meeting didn't cover the sale of Nvidia's advanced AI Blackwell chips to China, which had earlier been signaled. |
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| 来源: Shanghai Daily |
中国即将发射载人航天器
2025-10-31
| China announced it will launch the Shenzhou-21 manned spacecraft to its Tiangong space station tonight. It will be crewed by spacecraft pilot and flight commander Zhang Lu, flight engineer Wu Fei and payload specialist Zhang Hongzhang. The three will relieve the Shenzhou-20 crew aboard the space station, then stay aboard the orbiting station for about six months to carry out scientific experiments. It is China's 37th manned spaceflight. The China space agency said the nation is on track for sending astronauts to the moon by 2030. It also said it is selecting two Pakistani astronauts for future space flight, following a February agreement between Beijing and Islamabad. | |
| 来源: Shanghai Daily |
比亚迪第三季度盈利出现下滑
2025-10-31
| BYD, China's biggest electric carmaker, reported a 33 per cent drop in third-quarter profit as a domestic industry price war overwhelmed stronger sales overseas. The Shenzhen-based company said profit tumbled to 7.8 billion yuan (US$1.1 billion) from a year earlier. Revenue slipped 3.1 per cent year on year to 195 billion yuan. The carmaker said it delivered a total of 1 million electric and hybrid vehicles in the latest quarter, a 1.8 percent drop from a year earlier. Overseas deliveries, however, surged 146 percent to 232,800 vehicles, with the company forecasting up deliveries of up to 1 million outside the Chinese mainland this year, comprising a fifth of total sales. BYD over-the-counter shares in New York fell nearly 4 percent. | |
| 来源: Shanghai Daily |
日美领导人签署稀土协议
2025-10-29
| Japanese Prime Minister Sanae Takaichi and US President Donald Trump signed a framework agreement in Tokyo for securing supplies of rare earths key to industrial production of smartphones, electric cars, wind turbines, submarines and a host of other technologies. The agreement comes as both countries seek to reduce their reliance on China, which produces about 90 percent of the world's refined rare earth minerals. It calls for both countries to cooperate in the development of a more diversified market for the mined elements, with possible accumulations of complementary stockpiles. | |
| 来源: Shanghai Daily |
