5 d. ago China woman buys US$28 ‘love insurance’, claims US$1,400 when she gets married a decade later

A Chinese woman who bought a “love insurance” policy for 199 yuan (US$28) in 2016 claimed a 10,000-yuan (US$1,400) payout ten years later. The payout came after she and her partner officially registered their marriage in 2025, following a decade long relationship. The woman surnamed Wu from Xian, Shaanxi province in central China, met her husband, surnamed Wang, in secondary school. The pair began dating and officially entered a relationship in 2015 after enrolling at the same university. They...

Economics

6 d. ago China’s outbound travel set to soar by 10 million trips in 2026 – but halve in Japan

China’s vast outbound travel market is set for further growth in 2026, boosted by the spread of visa-free policies for Chinese nationals and a stronger yuan. But visits to Japan could plummet by nearly 50 per cent amid a political dispute between Beijing and Tokyo, according to analysts and industry insiders. Mainland Chinese travellers are expected to take about 165 million to 175 million cross-border trips in 2026, up from an estimated 155 million last year, the travel marketing and technology...

Politics

1 week ago China husband gets 50 tonnes of produce from mystery donor to raise funds for sick wife

A Chinese man needs two million yuan (US$285,000) to pay for his wife’s cancer treatment has been unexpectedly gifted 50 tonnes of sweet potatoes by a mystery donor. He began selling the starchy root vegetables at a street stall and used the proceeds to pay his wife’s medical bills, moving countless people on mainland social media. Recently, 35-year-old Jia Changlong was spotted selling the potatoes in Jinan, Shandong province in northern China. Jia, from Dezhou, Shandong, and his wife, surnamed...

Politics

2 w. ago Chinese rocket firm LandSpace moves closer to US$1 billion IPO in Shanghai

Chinese rocket maker LandSpace aims to raise 7.5 billion yuan (US$1 billion) from an initial public offering (IPO) in Shanghai, after becoming the first home-grown aerospace firm to have its listing application accepted via a fast-tracked process. The Beijing-headquartered company, regarded as a challenger to Elon Musk-led SpaceX, said its listing aimed to “actively respond to national strategic plans and urgent market demands”, according to its prospectus. The Shanghai Stock Exchange (SSE)...

Economics

3 w. ago Firmer yuan fuels Chinese share gains on bets Beijing will tolerate appreciation

Firmer yuan fuels Chinese share gains on bets Beijing will tolerate appreciation  South China Morning Post

Economics

3 w. ago Chinese AI champion iFlytek sets up new entity to expand into semiconductor design

US-blacklisted company iFlytek has set up a new corporate entity to expand into semiconductors and other artificial intelligence-related fields as part of efforts to bolster China’s broader tech self-sufficiency initiatives. The new entity, Shandong Yixun Information Technology, was incorporated last week with a registered capital of 50 million yuan (US$7.1 million), according to the latest information from Chinese corporate data provider Qichacha. The scope of this entity’s operations would...

Politics

3 w. ago Chinese yuan making inroads against US dollar in Central Asian trade

Chinese yuan making inroads against US dollar in Central Asian trade  Eurasianet

Politics

last month U.S. Dollar struggles are the Chinese Yuan's gain: CNBC Panel

U.S. Dollar struggles are the Chinese Yuan's gain: CNBC Panel  CNBC

Politics