China's economy is increasingly becoming a tale of two contrasting realities. While provinces driven by artificial intelligence, semiconductors, advanced manufacturing, and exports are experiencing rapid economic growth, regions dependent on tourism, real estate, and traditional industries are struggling to keep pace.

The latest provincial economic data highlights a widening K-shaped economic divide, with technology hubs such as Zhejiang, home to Alibaba, DeepSeek, and Unitree Robotics, outperforming the national average. Other manufacturing powerhouses including Shanghai, Anhui, and Shandong have also recorded strong growth, fueled by rising global demand for high-tech products.

China's K-Shaped Economy Deepens as AI Boom Widens Regional Gap

In a horrifying incident, a Chinese rocket Tianlong-3 broke free from its restraints and flew uncontrollably during a ground-based test firing. After reaching a few thousand feet, the rocket engines shut down and then the massive rocket hurtled towards the ground, causing a huge fireball and explosion on impact. This mishap took place on Sunday in the Chinese Henan province.

Gravitas: China space rocket blows up, causes massive fireball

A Chinese firm became the centre of attention after a clip showing the company stacking a mountain of US$9 million cash on a stage before handing them out in year-end bonuses to its top performers went viral.

Chinese firm piles $9 million at party, hands out bonuses in millions to employees

Massive protests have erupted in China's Henan province on late Monday. People took to the streets, fed up with Beijing's ban on firecrackers and even overturned the police car. The police said that people deliberately vandalised police cars and caused chaos.

China: Protest over firecracker ban in Henan; people go rogue, overturn police car

Protests have erupted in China's Henan province over frozen bank accounts and mortgage payments for unfinished homes as the country's economy stagnates. In an effort to boost credit demand and assist the Covid-affected economy, China's central bank unexpectedly reduced a key interest rate for the second time this year and withdrew some cash from the banking sector on Monday.

Watch: Protests break out in Henan province as Chinese economy stagnates

China's banking system is in trouble with citizens complaining of fraud and worsening energy crisis. The economy seems to be in trouble and to make matter worse, agricultural banks in Henan province are also struggling to repay citizens.

China: Agriculture banks in Henan struggle to repay citizens; citizens question scandals in economy

In a bid to crack down on people protesting for the release of their savings frozen by banks, the Chinese government deployed large, armoured tanks on the streets to disperse the agitators.

Tiananmen Square redux? China rolls out tanks against people seeking to withdraw bank deposits

Memories of Tiananmen Square recalled as China deploys tanks to prevent depositors from reaching crisis-hit banks. The country's Henan province is witnessing clashes between police & depositors.

China deploys tanks to prevent depositors from reaching crisis-hit banks

In China, rural banking crisis is brewing and banks will repay some customers after mass protests. In April, banks froze millions of dollars worth of deposits. As per analysts, Henan bank scandal may be a political calamity.

Chinese banking crisis: Four Henan banks froze cash withdrawals

On Sunday, over 1,000 protesters faced the wrath of the Chinese state. Unidentified security personnel broke up their protest violently. The protesters are victims of what could be one of the biggest financial scandals in China. Palki Sharma tells you more.

Gravitas: China crushes massive protest in Henan

China is trying to build, what is being dubbed as one of the world's most sophisticated surveillance technology. Security officials in the Henan province of China have authorised a surveillance system through which they aim at tracking journalists and international students and various other "suspicious people," reveals a report by Reuters.

'Sophisticated surveillance technology': Chinese province targets 'suspicious people'

Heavy rainfall in Central China's Henan province has killed 12 people in its capital, Zhengzhou. Weather forecasters say that Henan province has witnessed its highest rainfall in the 1000 years.

China: 12 people killed in Henan after heavy rainfall

China warned earlier this week that a destructive pest that has threatened the country's grain output is expected to hit more crops across wider areas in 2020, including the key corn-growing region in the northeast.

China's northeast cornbelt likely to be hit by fall armyworm in 2020: Reports

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