City plans to build 70 new smart factories this year China issues 9.14 trln yuan new local government bonds in Jan.-Nov. Huawei reveal new phone at pop-up event in Sinan Mansions AI, data centers, 5G infrastructure to boost digital transformation: MIIT BYD overtakes Tesla for most EV sales Nearly 100 Chinese cities lower mortgage rate floor for first homes China's mobile phone shipments up 34.3% in November Huawei's 2023 sales revenue expected to exceed 700 bln yuan Chinese-brand passenger car sales up 23.8% in first 11 months More Chinese cities record falling home prices in October Shanghai tops holiday entertainment and dining spend domestically China's stock exchanges to reduce fees by 920 mln yuan in 2024 BOC Serbia authorized as RMB clearing bank Remarkable rebound in spending over New Year holiday JD.com announces major lawsuit victory over Alibaba China's car brand Hongqi debuts new concierge car China's property investment decreases in first 10 months New York Times sues OpenAI, Microsoft in copyright clash Kingdee secures US$200 million Qatar investment Xiaomi unveils its first electric vehicle, aiming to be 'China's Porsche and Tesla' AI workgroup established to drive ecosystem development China's home prices remain stable amid policy support Selection of 2023 Shanghai Financiers begins China's manufacturing PMI falls in December External financial assets of China's banking sector exceed 1.4 trln USD China's non-manufacturing sector maintains expansion in December Qingpu New City becoming open and innovative hub Huawei 'back on track' with revenue growth in 2023 Xiaomi CEO donates US$183m to alma mater, Wuhan University BYD obtains conditional testing license for L3 autonomous driving on high-speed roads China accelerates construction of government-subsidized rental housing projects Rapid refund policy aimed at boosting online shopping Despite anti-subsidy probe, China-Europe EV cooperation is expanding ByteDance slashes jobs, confirms retreat from gaming business Shanghai handles 100 China-Europe freight trains in 2023 China allocates 2nd batch of funds raised by 1-trln-yuan additional gov't bonds RMB moves up in global payments in November: SWIFT China revises 2022 GDP growth to 3% China's big lenders to lower rates on existing first-home loans Tesla's new mega factory project in Shanghai officially launched Alibaba's Taobao replaces Dec 12 shopping spree with new event Chinese smartphone market set to grow in 2024