China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds

China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds

BEIJING — China’s industrial profits in April surged by 24.7% from a year earlier, according to official data released Wednesday, marking the fastest growth since November 2023. The increase accelerated from a 15.8% rise in March, according to China’s biggest financial data provider Wind Information. For the first four months of the year, enterprise profits…

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European companies double down on China manufacturing despite EU de-risking push

European companies double down on China manufacturing despite EU de-risking push

Steam cracker units at the BASF Zhanjiang Verbund site in Zhanjiang, Guangdong province, China, on Thursday, March 26, 2026. Bloomberg | Bloomberg | Getty Images BEIJING — More European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber…

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Huawei unveils new smartphone chips this fall as rivalry with Nvidia and Apple heats up

Huawei unveils new smartphone chips this fall as rivalry with Nvidia and Apple heats up

Tingbo He, president of Huawei semiconductor, presents at an industry conference in Shanghai on May 25, 2026. Huawei SHANGHAI — Chinese tech giant Huawei on Monday touted a new approach to developing advanced semiconductors despite U.S. sanctions, as Nvidia struggles to sell its high-end chips in China. Huawei said it developed a new engineering approach…

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