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NDRC and Ministry of Commerce Release the 15th Five-Year Plan for Expanding Consumption
Officials from the National Development and Reform Commission (NDRC) and the Ministry of Commerce answered press questions on the 15th Five-Year Plan for Expanding Consumption. The plan targets raising the household consumption rate, deploying 28 key tasks, and aims to reach approximately 60 trillion yuan in total retail sales of consumer goods by 2030.
Semiconductor Industry Logic Shifts to Supply Chain Security, Domestic Substitution of 15 Core Materials Accelerates
In 2026, the semiconductor industry logic has undergone a profound transformation, shifting from competing on process nodes to focusing on supply chain security and self-sufficiency. Domestic substitution of 15 core materials has fully accelerated, with Big Fund Phase III prioritizing support to eliminate overseas dependence on critical materials.
State Council Executive Meeting Deploys Digital China Construction and Emerging Pillar Industry Cultivation
The State Council Executive Meeting reviewed progress on Digital China construction, calling for accelerated development of next-generation communication networks and computing power networks. The meeting also studied the cultivation of emerging pillar industries, promoting full-chain scaled development and strengthening basic research and key software and hardware breakthroughs.
TSMC Q2 Net Profit Hits 706.56 Billion TWD, Surging 77.4% Year-on-Year
TSMC reported Q2 2026 net profit of 706.56 billion TWD, a 77.4% year-on-year surge, marking five consecutive quarters of record highs. Strong AI demand prompted the company to raise full-year revenue growth guidance to over 40% and increase capex to $60-64 billion.
Rental Demand Rises in Shenzhen and Other Tier-1 Cities, Rent-to-Price Ratio Continues Climbing
Rental demand continues to rise in Shenzhen and other first-tier cities, with the rent-to-price ratio steadily climbing. The leasing market is becoming more active as housing rental transitions from a temporary choice to a long-term living arrangement.
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.
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.
National First: Suzhou's New Rules Let Delivery Riders 'Afford to Wait' at Red Lights
Suzhou becomes the first city in China to include delivery riders' red light waiting time in delivery timing systems. The pilot launches in August in Gusu District and SIP, with mandatory rest periods and point-based reward mechanisms.
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%.
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.
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.
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.
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.
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.
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.