June 5, 2025, 9:32 p.m.

China's Silk Road fund has sold its stake in Italian tyremaker Pirelli

China's state-backed Silk Road Fund is selling its stake in Italian tyremaker Pirelli for about €512 million (S $748 million). Rome last year took steps to limit investors' influence over Pirelli on national security grounds.

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The IMF raised its forecast for China's economic growth this year by 0.4 percentage points to 5 percent

The International Monetary Fund said Wednesday that China's economy is expected to grow 5 percent this year after a strong first quarter, up 0.4 percentage points from its previous forecast of 4.6 percent growth, but expects slower growth in coming years.

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Afternoon observation: "scratch-off" whirlwind sold out of goods

China's instant lottery "scratch-off" has recently been a whirlwind among young people, this kind of scratch-off knows whether there is a winning lottery ticket, and in recent weeks, it has been frequently sold out in many places, and the situation of difficult to obtain a vote has caused public concern.

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Apple's shipments to China jumped 52% in April

Apple Inc's iPhone rebounded in China last month, with shipments surging 52 percent, helped by a series of discounts offered by retail partners.

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China's domestic passenger jet C919 has operated safely for more than 6,000 hours in the first year of commercial operation

China's homegrown large aircraft C919 marked its first anniversary of commercial operation on Tuesday, having accumulated more than 6,000 hours of safe operation.

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Profits at Chinese industrial companies rose 4% in April from a year earlier

Profits at China's industrial enterprises rose 4 percent in April from a year earlier, reversing a 3.5 percent decline in March.

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Shanghai has introduced nine new measures to reduce the social security age requirement for non-Shanghai residents

Shanghai has introduced nine new real estate measures and implemented them from May 28 to better meet the diversified housing needs of residents, including further optimizing the housing purchase restriction policy, supporting the reasonable housing demand of families with multiple children, and optimizing the housing credit policy.

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China sets up a large fund of more than 300 billion yuan to support semiconductors

In order to support the development of the semiconductor industry, China's National Integrated Circuit Industry Investment Fund (referred to as the Big Fund) Phase III joint-stock company was established with a registered capital of 344 billion yuan

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China has released its first large-scale speech model that supports the mixing of 30 dialects

Chinese operators have released the first large-scale voice model that supports 30 dialects.

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Tesla Shanghai energy storage super factory officially started

Tesla Shanghai energy storage Gigafactory officially started work in the new Lingang District of Shanghai on Thursday (May 23) afternoon, which is Tesla's first energy storage gigafactory project outside the United States.

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