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DeepSeek Valued at Over 350 Billion Yuan
DeepSeek's latest valuation was revealed at approximately 351 billion yuan following its first external funding round. The company has initiated IPO preparations, targeting an A-share listing application by late 2026. Founder Liang Wenfeng's net worth stands at approximately $36 billion.
Ministry of Commerce and GAD Implement Temporary Export Ban on Helium
China's Ministry of Commerce and General Administration of Customs imposed a temporary export ban on helium. With approximately 85% of China's helium reliant on imports, the measure aims to secure domestic supply for critical sectors including semiconductors and healthcare.
Revised Trademark Law Takes Effect January 1, Targeting Industry Challenges
The revised Trademark Law of the PRC will take effect on January 1, 2027, addressing prominent issues troubling the industry including malicious trademark registration and hoarding.
NBS Releases Preliminary GDP Results for Q2 and First Half of 2026
The National Bureau of Statistics released preliminary GDP figures for H1 2026, with GDP reaching 69.5704 trillion yuan, up 4.7% year-on-year. Comprehensive data across industries, consumption, investment, and trade was disclosed.
800 Billion Yuan 'Dual Priorities' Funding Fully Disbursed, Policy Effects Accelerating
800 billion yuan in 'dual priorities' construction funding has been fully allocated. Of 1.3 trillion yuan in ultra-long special treasury bonds, 800 billion targets major national strategies and security capacity building. Projects were streamlined to 1,417, with disbursement pace notably faster than previous years.
China's Domestic Storage 'Giant' Debuts: CXMT Technology Opens Subscription, May Raise Over 66.6 Billion Yuan
Leading domestic DRAM maker CXMT Technology officially opened its STAR Market subscription on July 16, potentially raising over 66.6 billion yuan in what could become the largest IPO in STAR Market history. The company forecast H1 net profit exceeding 50 billion yuan.
H1 Financial Data Released: Credit 'Slows with Quality Improvement,' Bond and Equity Financing Share Rises
The PBOC released H1 2026 financial data showing aggregate financing of 20.84 trillion yuan and M2 growth of 8%. Corporate bond and equity financing combined accounted for 11.3% of total financing, as credit 'slowing with quality improvement' becomes the new normal.
Peak Heat Season Arrives! Power Supply, Ice Making, and Summer Tourism All Arranged
As the hottest period of the year arrives, regions across China are taking multiple measures to ensure power supply, including optimized grid dispatching, ice production for cooling, and summer tourism arrangements to meet residential and industrial electricity needs.
China's Foreign Trade Fires Three Arrows, with Rising 'Innovation Content'
China's foreign trade reached a record 25.47 trillion yuan in the first half of 2026, with exports showing increased innovation and green content. AI-related products became a core growth driver, and market diversification strategy yielded significant results.
National Carbon Market at Five Years: Green Leap Behind 900 Million Tonnes of Trading
China's national carbon market marks its fifth anniversary with cumulative trading volume exceeding 900 million tonnes, demonstrating significant green transformation progress. The carbon market has become an important policy tool for driving corporate emission reductions.
Multiple Records Set! National Railways Carry 2.348 Billion Passenger Trips in H1
In H1 2026, China's national railways carried 2.348 billion passenger trips, up 5% year-on-year, with multiple indicators hitting all-time highs. Tourist trains increased 84.8% year-on-year to 1,797 services.
New Consumer Opportunities: First National-Level Special Plan Released
China's first national-level consumer spending special plan was released, comprehensively deploying measures to expand consumer demand, optimize supply, and improve the consumption environment, with emphasis on digital, green, and service consumption.
Strike! Army Aviation Helicopters Conduct Live-Fire Maritime Training
Army aviation helicopters conduct live-fire maritime shooting training exercises.
China's Economy Demonstrates Strong Resilience and Vitality (Official Release)
China's H1 2026 GDP reached 69.6 trillion yuan, up 4.7% year-on-year. The National Bureau of Statistics stated the Chinese economy shows strong resilience and vitality, with major indicators running within reasonable ranges and new growth drivers contributing over 40%.
PLA and Armed Police Troops Battle Flood Control and Disaster Relief Frontlines
PLA and armed police personnel are working at full capacity on flood control and disaster relief frontlines.
