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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…

China’s electronics sector edges out banking in A-share market cap

China’s electronics sector became the largest industry by total market capitalization in the A-share market last year, overtaking the banking sector, Chen Huaping, vice-chairman of the China Securities Regulatory Commission, said at the 30th China Capital Market Forum (2026) in Beijing on Sunday. “The number of technology companies among the top 50 A-share firms by…

Chinese firms showcase tech vitality, innovation at 2026 CES

Visitors experience smart glasses at TCL’s exhibition area during the 2026 Consumer Electronics Show in Las Vegas, the United States, on Jan 6. ZENG HUI/XINHUA Chinese technology companies demonstrated their latest technological achievements and innovative products, including artificial intelligence, robots, wearable devices and immersive entertainment products, at the 2026 Consumer Electronics Show, the world’s premier…

RemeGen shares trade over 9% amid AbbVie licensing deal

A RemeGen office building in Yantai, Shandong province [Photo/remegen.cn] RemeGen shares surged more than 9 percent in Hong Kong trading as of 10 am Tuesday, leading a broader rally among pharmaceutical stocks, after the Chinese biotech firm secured a massive licensing agreement with US drugmaker AbbVie. In a statement released on Monday, AbbVie said it…