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Country eyes satellite internet leap with record filings

China’s record number of satellite applications filed with the International Telecommunication Union is set to energize the entire space industry chain, from manufacturing to launching, propelling the nation’s aerospace sector into a new phase of industrial scale-up and capability building, experts said on Tuesday. Their comments came as China recently filed network information plans with…

Beijing hutong hosts 100th K Coffee store as brand bets on culture-led growth

K Coffee opened its 100th store in Beijing on Jan 12. [Photo provided to chinadaily.com.cn] A more-than-700-year-old hutong in central Beijing has become the latest proving ground for culture-driven retail innovation, as K Coffee opened its 100th store in the capital on Jan 12. The store is located in Nanluogu Alley, one of the city’s…

Carbon taxes revenue tripled between 2017 and 2023

Between 2017 and 2023, the revenue from carbon dioxide related taxes in the EU increased strongly, growing from €15 billion to €51 billion. Carbon (dioxide) taxes are levied on the carbon content of fossil fuels. Their share in the overall energy taxes increased from 6.0% in 2017 to 19.7% in 2023.  Source dataset: env_ac_taxind2 In…

Industrial production up by 0.7% in the euro area and by 0.2% in the EU

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Asylum applications in October 2025

In October 2025, 62 010 first-time asylum applicants (non-EU citizens) applied for international protection in EU countries, marking a 28% decrease compared with October 2024 (86 470) and a 6% increase compared with September 2025 (58 495).  There were also 14 495 subsequent applicants, representing an 80% increase compared with October 2024 (8 075) and…

VW remains China’s best-selling foreign carmaker

German carmaker Volkswagen Group delivered 2.69 million vehicles in China in 2025, retaining its position as the country’s top-selling international automaker amid intensifying competition and sustained price pressure. While deliveries declined 8 percent year-on-year, Volkswagen said the performance met its internal expectations. It delivered more than 2.57 million ICE vehicles in China, securing a market…

Hard-tech firms spearhead new IPO listing wave

China’s most closely watched artificial intelligence and robotics start-ups, collectively known as the “six little dragons” of Hangzhou, are gearing up for stock market listings, signaling a renewed IPO push for hard-tech firms. Brain-computer interface company BrainCo has filed for an initial public offering in Hong Kong, according to Bloomberg, making it the latest among…

Shanghai pursues advanced automated manufacturing by 2028

A three-year action plan has been unveiled to support the transformation and upgrade of Shanghai’s advanced manufacturing sector in the coming three years, with ambitious goals including nurturing 100 manufacturing enterprises each with an annual output of above 1 billion yuan ($143.39 million) and raising the city’s robot density to 600 robots per 10,000 employees…