Guangzhou

Chinese authorities are proceeding to resolve the collapse of the Evergrande real estate empire following a Guangzhou court's acceptance of a bankruptcy liquidation case against the property development unit. This came after a Shenzhen court sentenced founder Hui Kan Yan to life in prison for financial crimes, with dozens of others also receiving jail terms.

Chinese authorities are working to clean up the mess left by the collapse of the Evergrande real estate empire. This effort involved a court in Guangzhou accepting a bankruptcy liquidation case against one of its key mainland property development companies, following reports that the founder received a life sentence.

Chinese home appliance maker Midea reported surging European demand for its air conditioners due to recurring heatwaves, with two factories in Wuhu and Guangzhou receiving 200,000 new orders in a month.

A ride-hailing driver in China experienced severe stomach pain and asked his passenger, He Shimin, to take over the wheel to reach the hospital. She drove him directly to the hospital after he requested assistance.

Typhoon Noul caused travel disruptions in southern China, including cancelled high-speed rail services and flights in Guangdong province. The typhoon, the strongest to hit China this year, made landfall in Huizhou city and prompted a red typhoon warning from the National Meteorological Centre.

China is constructing an 885-foot naval replenishment ship to support carrier groups far from home, expanding its global logistics network with bases in Cambodia, Africa, and the Middle East, and leveraging its industrial capacity to mass-produce advanced military assets like the J-20 stealth fighter and nuclear-powered submarines.

China is developing a large fast combat-support ship for its future Type 004 aircraft carrier, currently under construction. Satellite imagery from July 2 shows construction progress at the Comec Longxue shipyard near Guangzhou, revealing details about the vessel's layout.

Chinese electric vehicle maker Xpeng aims to produce over 1,000 humanoid robots monthly by 2026, competing with Tesla in the physical AI sector. The company plans to globally launch its next-generation humanoid robot, Iron, with commercial deliveries starting in 2027.

China's efforts to engage Indonesia's Muslim communities reached a new milestone with the Majelis Ulama Indonesia (MUI) visiting China for a 'Digital Silk Road' program focused on technology, halal industries, education, and cultural exchange. The five-day visit included stops in Guangzhou and Shenzhen.

New home prices in four Chinese first-tier cities rose by an average of 0.1 per cent last month, continuing a four-month rebound as housing stabilisation measures take effect. Shanghai, Shenzhen, and Guangzhou saw price increases of 0.3 per cent, 0.3 per cent, and 0.2 per cent respectively, while Beijing experienced a 0.3 per cent decline.

New home prices in four Chinese first-tier cities rose by an average of 0.1% last month, extending a four-month rebound. Prices increased in Shanghai, Shenzhen, and Guangzhou but decreased in Beijing, according to data from the National Bureau of Statistics.

A university symposium in Guangzhou claimed the Philippine province of Batanes belongs to Taiwan and thus under Chinese sovereignty, sparking rejection from Philippine historians and officials. The claim, based on disputed geography and dynastic history, was presented at a June 30 event hosted by Jinan University.

Zhang Qi, a ride-hailing driver in Guangzhou, used artificial intelligence to help his son choose a university degree after receiving his entrance exam results. Many Chinese families navigate complex admissions systems by hiring expensive help or using AI tools.

Namibian President Netumbo Nandi-Ndaitwah began her official visit to China with a meeting in Guangzhou. She met with the leadership of Guangdong province.

The BIS warns that an AI bust could cause ripple effects in economic growth and credit markets. The Canton Fair in Guangzhou, China, is currently showcasing AI-related exhibits.

New home prices in China’s first-tier cities rose 0.2% in May, marking a third consecutive monthly increase after nine months of declines. Shanghai and Guangzhou saw 0.2% gains, Shenzhen rose 0.4%, while Beijing fell 0.2%, according to data from the National Bureau of Statistics. Analysts attribute the rebound to stabilization measures boosting market confidence.

General Mills is selling its Mainland China Häagen-Dazs ice-cream shops to Ningji, a local tea brand. The transaction includes stores like the one at Metropolitan Plaza in Guangzhou.

Chinese regulators are scrutinizing companies and investment funds following unusual stock market movements linked to artificial intelligence hype. The investigation appears to be part of broader oversight efforts in China's financial markets related to AI-driven trading activity.

Chinese EV maker Xpeng has begun mass production of autonomous cabs using its own chips, positioning itself to compete with Tesla in the self-driving technology market. The robotaxis feature level 4 autonomy capabilities as both companies intensify their competition in AI-powered autonomous vehicles.

Secondary home prices in China's major cities rose in April, with Shanghai leading at 0.7% monthly growth, followed by Beijing at 0.4% and Shenzhen at 0.3%. The price increases suggest the struggling Chinese property sector may be stabilizing and bottoming out, according to analyst assessments.

China's manufacturing sector is facing challenges due to the energy shock caused by the Iran war. The country's production lines, including those for electric flying cars, are being tested. Guangzhou is one of the affected areas.

Tony Kim of Centerview discusses how artificial intelligence is altering the pace and structure of business deals. The article references the Canton Fair in Guangzhou, China, where AI-related topics are highlighted.

Indian stocks face increased risk of underperformance as technology-driven markets in North Asia attract investor funds. The Canton Fair in Guangzhou, China, highlights AI advancements, reflecting regional tech momentum.