
More recent developments

Flying car factory to get RMB 1.27 billion injection
What happened: Five state banks teamed up to offer a syndicated loan of RMB 1.27 billion to Xpeng to build a flying car factory. Production on the Xiaopeng Huitian Flying Car Intelligent Manufacturing Base began in October 2024. The factory… Read More »

New policy targets digitization of Chinese language for AI era
What happened: On April 1, the Ministry of Education, along with cultural and cyberspace regulators, jointly released a new policy on enhancing the digitization of the Chinese language. What caught our eye: The policy aims to generate a significant increase… Read More »

Beijing coordinates push to provide better sci-tech financing
What happened: On April 1, the finance regulator (NFRA), sci-tech ministry (MoST), and macro planner (NDRC) released the Implementation Plan for High-quality Development of Science and Technology Finance in the Banking and Insurance Industry. This was presaged in a wide-ranging… Read More »