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18:21 Oct 31

Chinese basketball star Yao Ming has stepped down as chairman of the Chinese Basketball Association after seven years in the position, CCTV reported today. Vice Chairman Guo Zhenming has been appointed as the new chair.

17:13 Oct 31

Li Auto's net income climbed 0.3% in the third quarter from a year earlier to CNY2.8 billion (USD401.9 million) while revenue soared 23.6% to CNY42.9 billion (USD6.1 billion), the Chinese NEV maker said today. Deliveries surged 45.4% over the period to 152,831 vehicles.

17:13 Oct 31

The 2024 World Cities Day China Observance and 2024 SDG Cities Global Conference opened in Shanghai today on #WorldCitiesDay. With the theme 'Building People-centered Cities for a Better Life,' the event will hold forums, exhibitions and tours to promote sustainable urban development.

17:11 Oct 31

The EU acts as a common entity over trade matters so EU member states cannot interfere, but Finland hopes the EU and China will keep conversations open on the EV import tariff issue to avoid misunderstandings, Finnish President Alexander Stubb told Yicai. The overall trade situation between China and the EU is not bad, as EVs only account for about 2% of the two parties' total trade value, he noted.

16:16 Oct 31

Seven-time snooker world champion Ronnie O'Sullivan has become a Hong Kong resident under the Quality Migrant Admission Scheme, the Immigration Department announced on social media today. The Rocket said he had "many really nice trips" to the city and has made "some good friends" there over the years.

15:22 Oct 31

Shanghai today issued a plan to increase the international competitiveness of its biopharmaceutical enterprises, aiming for its medicinal and mechanical products exports to exceed CNY50 billion (USD7 billion) and to have two-three local companies with over CNY10 billion (USD1.4 billion) in overseas sales by 2027.

15:22 Oct 31

Shanghai will allocate CNY1 billion (USD140 million) for a new round of credit subsidies for small, medium, and micro enterprises this and next years and to further increase the credit risk compensation, according to the latest policy to strengthen financing support for SMEs that Shanghai released today.

10:38 Oct 31

China’s manufacturing PMI came in at 50.1 in October, up from 49.8 in September, according to official data released today. The PMI for the non-manufacturing sector rose to 50.2 from 50 in the period.

10:26 Oct 31

China's renewable energy consumption will likely reach the equivalent of over 1.1 billion tons of standard coal next year and exceed 1.5 billion tons by 2030, according to a set of guidelines on boosting the use of renewable energy issued by six government departments yesterday.
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