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Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

泰然健康网
2025-08-07 19:35

Exports beat expectations: China’s exports showed resilience in July, growing 7.2% year-on-year in dollar terms and beating market expectations, as the grace period on the Trump administration’s “reciprocal tariffs” was expected to approach its end. Strong demand from the European Union, where Chinese exports grew 9.3%, helped offset a deepening slump of 21.6% in shipments to the U.S. Some categories of exports performed better than others for the month. Exports of microchips and machinery rose, but those of labor-intensive goods like clothing and footwear fell. China’s imports rose 4.1%, the fastest pace in a year. The trade surplus for July was $98.2 billion.

Stock market leverage: The Shanghai Composite Index hit a three-year high Thursday, as outstanding margin financing for the Chinese mainland stock market reached nearly 2 trillion yuan. Despite the milestone, analysts said this level of leverage is less of a concern than during the 2015 bull run that preceded a market meltdown. They said the market is now supported by more regulation and more stable, long-term investors.

A costly rumor: Cathay Pacific’s low-cost carrier HK Express swung to a pre-tax loss of more than half a billion Hong Kong dollars in the first six months of 2025. The cause? A Japanese manga artist’s viral prediction that an earthquake would soon ravage the budget airline’s biggest market. Due to the earthquake rumors, demand for travel from Hong Kong to Japan plunged in the first half, especially in May and June, Cathay Pacific Airways Ltd. CEO Ronald Lam said after the company released its first-half financial report Wednesday. Japan accounts for about 50% of Hong Kong Express Airways Ltd.’s market. The artist had predicted a mega-quake would strike on July 5. After that didn’t happen, demand for HK Express flights to Japan began to recover.

Robotics funding flood: A Chinese startup that develops motion control systems for humanoid robots has raised nearly 100 million yuan ($13.9 million) in three funding rounds over six months as investment continues to pour into the embodied intelligence field. BridgeDP (Shenzhen) Technology Co. Ltd. announced Wednesday that it had completed its Angel+ and Pre-A funding rounds. BridgeDP primarily trains the motion control models that allow robots to walk, dance or do other activities. Since early July, at least seven Chinese companies specializing in humanoid robots have announced new funding rounds. Still, embodied intelligence startups have yet to come up with breakthrough real-world applications or commercially viable products that can be the foundation for a self-sustaining business.