China Biz Buzz tells the story of business in China as it's being rewritten. From harbors to high-rises, new ideas are redefining markets. We follow the innovators and builders whose work crosses borders, reshapes industries, and sets new terms for the future. Each in-depth report offers a window into the China-driven forces remaking the modern world.
Daily Buzz
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China's foreign ministry, citing "the current security situation," urged its citizens to leave Iran, and Washington ordered the evacuation of non-essential personnel from its embassy in Israel as speculation swirled about a possible imminent attack on Iran by the US.
Top Business
Shanghai-listed Chinese chip startups Cambricon, Moore Threads and MetaX reported strong earnings on Friday, driven by growing demand for domestic semiconductors as Beijing intensifies its drive for self-sufficiency in advanced technologies, the South China Morning Post reported.
Economy & Markets
China's central bank moved on Friday to slow the pace of a rapid yuan appreciation, saying it will scrap the foreign exchange risk reserves for some forward contracts, set at 20 percent in 2022 to stem yuan losses and capital outflow. The change will encourage dollar buying, Reuters reported.
Corporate
China biopharma company Zai Lab said 2025 revenue rose 15 percent to US$460 million, with its net loss narrowing to US$176 million. For the fourth quarter, the company posted a loss of US$69.4 million on a 77 percent gain in revenue to US$128 million.
