China's goods exports in 2025 totaled nearly RMB 27 trillion, up 6.1% year on year, with ASEAN accounting for 17.64% of total exports. Chinese firms are expanding across ASEAN in electronics, new energy vehicles, digital economy, cross-border logistics, and solar. Singapore remains a top regional headquarters choice despite high costs, with companies like Global Transport and Logistics serving 2,600 multinationals and setting up regional hubs. The city-state offers an international headquarter scheme with a 10% preferential tax rate, while a global minimum tax of 15% applies to large firms.
In the first half of 2026, services added value in the Yangtze River Delta grew steadily. Shanghai reached RMB 2.2154 trillion, up 5.9% year on year; Jiangsu RMB 3.8936 trillion, up 5.5%; Zhejiang RMB 2.8678 trillion, up 5.5%; and Anhui RMB 1.545 trillion, up 5.2%. Information technology and leasing services led growth, while provincial plans target expansion through 2030.
China is accelerating major infrastructure construction under the ‘two priorities’ and ‘six networks’ plan, with 2026 investment estimated to exceed 7 trillion yuan. The Three Gorges New Waterway started construction in June, marking a landmark project. In the first half, internet services investment rose 39.9%, water transport 19.8%, power supply 19.4%, and air transport 11%, while private capital in water network projects surged 85.8%. Full-year ultra-long bonds of 800 billion yuan have been allocated, and projects are entering the peak construction season to translate policy into tangible progress.
Momenta listed on the Hong Kong Stock Exchange on July 8, 2026, at an issue price of HK$295.6 per share, opening up more than 6% and reaching a market capitalisation above HK$70 billion. The shares subsequently fell below the issue price and have recently broken through HK$250. On July 27, the company announced its Robovan unmanned delivery business had been operating in Suzhou's Xiangcheng district for over four months, expanding into express and night-time delivery. Industry data shows 2025 national sales of unmanned urban delivery vehicles reached 22,000 units, with a fleet of 30,000. Momenta's technology from passenger vehicles is transferable, but the company did not disclose road-right arrangements.