
Latest Business News
China Reports 5.0% Q1 2026 GDP Growth Amid Underlying Pressures
Official figures indicate 5.0% year-on-year growth in Q1 2026, but weak consumption, inconsistent data revisions, and inflationary pressures from the Iran war mask building economic strains. Fixed asset investment rebounded 1.7% after a 3.8% drop in 2025.
China Shock 2.0 Intensifies with 14% Export Surge to Developing Markets
China's exports grew 14% year-on-year to $977.6 billion in Q1 2026, flooding developing markets due to market distortions. Export composition shifted to higher-value goods amid surging demand for advanced semiconductors driven by AI investments. Trade surplus narrowed slightly.
Beijing Blocks Meta's $2 Billion Acquisition of Chinese AI Firm Manus
China's Office of the Security Review Working Mechanism under NDRC halted Meta's acquisition on April 27, 2026, ordering cancellation to retain AI innovations domestically. Manus CEO Xiao Hong, appointed Meta VP, has been barred from leaving China since January.