Category: Chinese business

A Just over a year ago, a Chinese property developer largely unknown to the outside world said his cash flow was under ‘enormous pressure’ and he might not be able to repay some of his exorbitant debts $300 billion (£275 billion). Today, that company, China Evergrande Group, is only too well known as the poster […]

As Xi Jinping seeks his third term in power at the upcoming 20th Communist Party Congress, one man is counting down to retirement. Li Keqiang, prime minister of the Chinese government and the country’s second most powerful man, is expected to quit politics after 10 years of ruling China with Xi. While Li, 67, will […]

Beaten, bruised but not yet defeated, Chinese tech giant Huawei has been at the center of a long battle between the United States and China as the two powers scramble to purge each other from their supply chains. Huawei is now at the forefront of China’s efforts to build a “US-free” supply chain that will […]

There was no more bragging of their “no limits” friendship declared on the opening day of the Winter Olympics. Instead, Putin conceded Beijing had ‘questions and concerns’ about its faltering invasion, in a subtle nod to the limits of China’s support and the growing asymmetry of their relationship. In the Chinese reading of the meeting, […]

Chinese State Councilor and Foreign Minister Wang Yi on Wednesday met with his Portuguese counterpart, Joao Gomes Cravinho, on the sidelines of the ongoing 77th session of the United Nations General Assembly.Noting that the Chinese people hold friendly feelings towards the Portuguese people, Wang said China-Portugal relations have withstood the test of changes in the […]

Nvidia Corp CEO Jensen Huang holds one of the company’s new RTX 4090 chips for computer games in this undated photo provided September 20, 2022. Courtesy Nvidia Corp/Handout via REUTERS Join now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Nvidia Corp’s (NVDA.O) chief executive Jensen Huang said on Wednesday he continued […]

ISLAMABAD: Prime Minister Shehbaz Sharif has set up a standing committee on payments to Chinese independent power producers (IPPs), as well as other issues related to different ministries, informed sources said company registrar. The debt stock of Chinese IPPs exceeds 300 billion rupees, which prevents them from importing coal and meeting other payment obligations. On […]

Tesla is reassessing how it sells electric cars in China, its second largest market, and is considering closing some showrooms at flashy malls in cities like Beijing where traffic has plunged during Covid restrictions, two said people aware of the plans. The change would put more emphasis on stores in less expensive suburbs that can […]

John Lee said changes to the controversial hotel quarantine program should not cause “chaos or confusion”. Hong Kong is “actively exploring” changes to tough COVID-19 restrictions that have devastated the economy and driven talent out of the financial hub, with authorities hoping to make an announcement soon, the city leader said. Hong Kong Chief Executive […]

What happened Shares of the graphics chip maker Nvidia (NVDA 1.17%) edged higher on the day, rising 0.6% at 2:09 p.m. ET after rising 2% in early trading, challenging the broader tech sector which is down slightly on the day. Nvidia bounced back after a terrible month in which several new headwinds emerged. In its […]

Top executives at the University of Sydney spent $210,422.21 at the University on airfare and accommodation in 2017, with business class flights accounting for the vast majority of this sum. The USyd executive – including Chancellor Belinda Hutchinson, then Vice-Chancellor Michael Spence, Deputy Vice-Chancellors, Pro-Vice-Chancellors and Vice-Principals – spent $171,204.96 alone. in plane tickets in […]

Indian boats illegally poach in Sri Lankan waters, taking advantage of the country’s economic crisis and struggling fishermen Now a Beijing-owned company is helping them grow sea cucumbers instead, for export to mainland China, Hong Kong and Taiwan. www.scmp.com: At 7 a.m., Velupillai Rasaratnam, pushes his 15-foot-long […]

The logo of Swiss bank UBS is seen at a branch in Zurich, Switzerland, January 27, 2017. REUTERS/Arnd Wiegmann Join now for FREE unlimited access to Reuters.com Register Sep 18 (Reuters) – Swiss bank UBS is hiring a team of “content reviewers” to ensure its analysts’ Chinese research publications are free of “sensitivity”, the Financial […]

Fresh out of six months of training courses to develop his skills for a job in China’s talent-strapped semiconductor industry, civil engineering graduate Frank Jiang has sent his resume to more than 20 chip companies since July . None responded with an offer. In China’s Covid-ravaged economic climate, workers have sought to change careers in […]

Three Tibetans are believed to have died of COVID because Chinese authorities failed to provide them with timely medical care, Radio Free Asia reported citing sources. There is an upsurge in COVID cases in Tibet and according to the media citing sources, Tibetans are being held in quarantine facilities by Chinese […]

As China and Russia meet to discuss broader issues, reports indicate that Russian gas exports are heading to Europe – via China. “The global liquefied natural gas (LNG) market is increasingly well integrated, and changes in regional demand can help balance otherwise tight markets. This redirection of flows serves the interests of all parties involved,” […]

Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Sept 15 (Reuters) – Tesla is reassessing how it sells electric cars in China, its second largest market, and is considering closing some showrooms in flashy malls in cities like Beijing where traffic has plunged for the COVID restrictions, two people familiar with the plans […]

Lulu Yilun Chen’s book examines in detail the Chinese digital giant’s birth, rise and market battles TopicsBOOK REVIEW | Literature | tencent Empire of Influence: The History of Tencent and China’s Tech Ambition TO READ THE FULL STORY, SUBSCRIBE NOW FOR JUST RS 249 PER MONTH. Key stories on business-standard.com […]

A Reuters review of publicly available government tenders, budget documents and promoted tweets from 2020 to 2022 shows that local authorities and Communist Party of China propaganda offices for cities, provinces and even counties in the countries flocked to Twitter to buy ads. The promotions, often contracted out by local governments to state media, showcased […]

LONDON/BEIJING, Sept 11 (Reuters) – Xi Jinping will leave China for the first time in more than two years for a trip this week to Central Asia where he will meet Russian Vladimir Putin, just a month before he was to is about to cement his place as the most powerful Chinese leader since Mao […]

ALEX BRUMMER: If the new business secretary wants to ensure UK technology is handled in the public interest, he should make sure the deal with Aveva is scrutinized By Alex Brummer for the Daily Mail Published: 4:50 p.m. EDT, September 11, 2022 | Updated: 4:50 p.m. EDT, September 11, 2022 After rushing into action during […]

The Serious Fraud Investigation Office (SFIO) has arrested a person who, according to the Ministry of Corporate Affairs (MCA), became the mastermind of the racketeering of incorporating a large number of shell companies with links to China in India. The September 10 arrest comes after Finance Minister Nirmala Sitharaman ordered the MCA to identify […]

Bill Emmott (Mainichi/Kentaro Ikushima) Which of the world’s superpowers has emerged well from the past three years of shocks, first the coronavirus pandemic and now Russia’s invasion of Ukraine? The first answer is, none of them. The second answer, however, is that while the weaknesses and vulnerabilities of […]

Pakistan has announced that it will start making payments to independent power producers (IPPs) set up under the China-Pakistan Economic Corridor from next week, local media reported on Saturday. The Dawn newspaper reported that the government has also established a schedule of regular monthly payments for a full financial year to […]

Imagine having to have a Democratic Party committee, a Republican Party committee, or even a Communist Party committee embedded in a company where you work. Further imagine that such a committee is located at the senior management level and that the committee or its members are vested with decision-making power or authority over the affairs […]

Ma ”Pony” Huateng, co-founder of Tencent Holdings Ltd. (Photo by Jerome Favre/Bloomberg) © 2015 Bloomberg Finance L.P. China’s biggest tech companies, which had generated rich returns for global investors in years past, are losing appeal to many of their early backers. The bleak outlook for the country’s tech sector has prompted investors to lock in […]

The Last War: How AI will shape India’s final showdown with China TO READ THE FULL STORY, SUBSCRIBE NOW FOR JUST RS 249 PER MONTH. Key stories on business-standard.com are only available to premium subscribers. Already a premium subscriber? LOGIN NOW SUBSCRIBE TO PERSPECTIVES MONTHLY ₹ […]

The man, surnamed Hu, was working alongside a colleague in Hailin county, Heilongjiang province, on Sunday when they lost control of the ball. While his colleague was jumping to safety, Hu missed his chance and walked away. He was not found until 9am local time on Tuesday when – after tracking his mobile phone signal […]

Approval Expands MRIdian’s Global Reach and Offers Cancer Patients a New Radiation Therapy Option: MRIdian SMART DENVER, September 7, 2022 /PRNewswire/ — ViewRay, Inc. (NASDAQ: VRAY) today announced that the company’s MRIdian MRI-guided radiation therapy system has received approval from China’s National Medical Products Administration (NMPA) regulatory authority, allowing it to be sold and used […]

Editorials Increase local production to reduce Chinese fish imports Wednesday 07 September 2022 Fresh stock at the Ferry Fish Market in Mombasa. FILE PHOTO | NMG Worryingly, Chinese fish imports now account for 83% of the Kenyan fish market. Data from the State Department of Fisheries shows that Kenya shipped 14.8 million kilos of fish […]

People visit the booth of Industrial and Commercial Bank of China (ICBC) at the 2021 China International Trade in Services Fair (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo/File Photo/File Photo Join now for FREE unlimited access to Reuters.com Register BEIJING, Sept 6 (Reuters) – Leading Chinese banks gearing up to heed Beijing’s call […]

China is concerned about the U.S. practice of using government power to pressure Chinese companies, which goes against the principles of market economy and international trade and economic rules, China said on Monday. Chinese Foreign Ministry spokesman Mao Ning. MOSCOW (UrduPoint News / Sputnik – September 05, 2022) China is concerned about the US practice […]

Comment this story Comment It is not easy to monitor how the People’s Bank of China operates its “managed float” system for the foreign exchange market: the central bank has various tools, public and hidden. Some are more transparent, such as the daily reference rate; others are murky, such as the ability of Chinese authorities […]

China National Tobacco Corporation (CNTC), one of the world’s largest tobacco companies with a global market share of 44%, is expanding globally at an alarming rate. On all continents, the Chinese tobacco industry has been reported to use both legal and illegal methods of operation. China resolutely encourages its state-owned enterprises to invest overseas and […]

This summer, growing concern among homebuyers over apartment completions has brought the problems of China’s massive real estate sector – and worries about the fallout on the rest of the economy – to the fore. Edition of the future | Edition of the future | Getty Images BEIJING — China’s struggling real estate sector could […]

Lu, who left Luckin Coffee in the wake of his 2020 financial scandal, is returning to familiar territory with his new Cotti Coffee brand after two unsuccessful business ventures over the past two years. Cotti Coffee, based in Tianjin, reportedly has a registered capital of 100 million dollars | Photo credit: Jane Marc Charles Lu, […]

Join now for FREE unlimited access to Reuters.com Register Alibaba, JD.com, Yum China notified of US audit inspection -sources Verification of audits of Chinese companies listed in the United States begins next month Follows landmark US-China audit agreement U.S.-listed Alibaba shares closed nearly 3% on Tuesday HONG KONG, Aug 31 (Reuters) – U.S. regulators have […]

China Huarong Asset Management Co. and China Cinda Asset Management Co., the country’s two largest state-owned distressed debt funds, reported falling first-half profits as credit writedowns surged following a worsening real estate crisis. Net profit for Cinda’s first six months fell 33% to 4.51 billion yuan ($652 million), after impairments […]

The yuan — also known as the renminbi — lost about 0.5% against the dollar on Monday in offshore trading outside mainland China. It was trading at 6.9277, the lowest level since August 2020. The yuan in onshore trade also weakened significantly, down 0.6% from the previous session. Risky assets fell globally after Powell signaled […]

Taipei, Taiwan – In 2018, Fabien Gaussorgues realized that what was once a boon to his manufacturing business – producing 100% of its electronics and consumer goods in China – was quickly becoming a headache. Then-President Trump had begun imposing tariffs on Chinese goods, launching new measures between US and Chinese counterparts as companies scrambled […]

Comment this story Comment About 200 Chinese companies whose shares are traded in the United States, including JD.com Inc. and Baidu Inc., face delisting from New York stock exchanges if U.S. regulators continue to be blocked from fully reviewing their filings audit. The companies say China’s national security law prohibits them from handing over work […]

In principle, the agreement appears to give the PCAOB what it has long requested, namely full access to Chinese audit working papers without redactions, the right to take testimony from audit firm staff in China, and sole discretion to select the companies it inspects. . US officials said they informed the selected companies Friday morning […]

WASHINGTON, Aug 25 (Reuters) – The U.S. government said on Thursday it will suspend 26 flights to China from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some U.S. carrier flights in reason for COVID-19 cases. The decision will suspend 26 flights from Xiamen, Air China (601111.SS), […]

A globe is seen in front of the Chinese and Taiwanese flags in this illustration, August 6, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register TAIPEI, Aug 25 (Reuters) – A senior official of Taiwan’s main opposition party, the Kuomintang (KMT), has told a senior Chinese official of the Taiwanese people’s […]

Japanese power stocks soar on reports of restarting nuclear reactors Ping An is ‘not an activist investor’, says co-CEO, despite pressure on HSBC Ping An Insurance Group is not an activist investor, co-CEO Jessica Tan told CNBC’s “Squawk Box Asia” when asked about the company’s call for HSBC to spin off its business. in Asia. […]

The Allianz logo is seen on a building in Paris, France, April 30, 2020. REUTERS/Charles Platiau Join now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 23 (Reuters) – Allianz SE (ALVG.DE) is in talks with Chinese banks to set up a majority-owned asset management business in the world’s second-largest economy, two people […]

At the heart of Senator John McCain’s 2008 presidential campaign was the concept of a League of Democracies: “the only organization where the democracies of the world would come together to discuss problems and solutions on the basis of shared principles and a common vision of the future”. The idea faced headwinds. Former Clinton staffers […]

China and Russia are adding increasingly sophisticated stealth fighter jets to their air forces. For US Air Force pilots trying to train, replicating the capabilities of these jets is a challenge. Now, the United States is looking for a new target drone that looks like these fighters and acts like they would in combat. Loading […]

A chasm has opened up between Chinese stocks and the rest of emerging market stocks in recent weeks as pandemic rallies have diverged. This parting of ways is likely to be short-lived, fund managers say. Chinese stocks appear to be making up for lost ground as extreme pessimism about its economy […]

Amid heightened tensions with China after U.S. House Speaker Nancy Pelosi’s visit to the self-governing island, Taiwan’s foreign ministry hailed the upcoming visit of Japanese politicians. The Ministry of Foreign Affairs (MOFA) on Friday welcomed Furuya Keiji, chairman of the Japan-ROC Diet Members Advisory Council, and the council’s chief secretary, Kihara […]

Indian students waiting to join their colleges in China have been advised to follow updates issued by the Chinese Embassy. Regarding resuming studies in China, Indian students should follow embassy updates for more details, Chinese Ambassador to India Sun Weidong told ANI. Weidong had recently assured that the first batch of Indian students, stranded […]

KATHMANDU, Aug 18 (Reuters) – Nepal has signed a pact with Indian firm NHPC to develop a hydroelectric power station in the west of the country years after a Chinese firm pulled out, officials said on Thursday. Nepal has opened up its rivers, which it sees as having a combined potential to generate more than […]

Indian and Chinese troops will travel to Russia to participate in joint military exercises led by the host and including Belarus, Mongolia, Tajikistan and other countries. China’s participation in the joint drills was “unrelated to the current international and regional situation”, the ministry said in a statement. Last month, Moscow announced plans […]

WASHINGTON, Aug 16 (Reuters) – The U.S. military said on Tuesday it had carried out a test of a Minuteman III intercontinental ballistic missile that had been delayed to avoid escalating tensions with Beijing during China’s show of force near Taiwan earlier this month. China has deployed dozens of planes and fired live missiles into […]

By Kevin Buckland SINGAPORE/TOKYO/HONG KONG (Reuters) – The safe haven U.S. dollar brushed a week-long high on Tuesday as the Aussie, euro and Chinese yuan remained under pressure as weak economic data global markets rekindling fears of recession. The dollar index, which measures the greenback against six major peers, was flat at 106.51, just […]

China’s domestic tourism — a key indicator of retail spending — is poised to return after hitting an all-time low during the country’s worst lockdowns, official data and analysts show. Since the mainland’s biggest lockdown in Shanghai ended in late May, rising holiday bookings have signaled tourism spending will pick up in the second half, […]

COLOMBO, Sri Lanka (AP) — A Chinese research vessel will be allowed to dock at a Sri Lankan port after a days-long delay, reportedly due to concerns raised by India. The Sri Lankan Foreign Ministry said in a statement on Saturday that the Yuan Wang 5, which was due to dock at the southern port […]

A Chinese high-tech research vessel which was due to dock at the port of Hambantota in southern Sri Lanka did not dock as scheduled, the country’s port authority said on Friday, days after India expressed security concerns over his presence in the island nation. China’s ballistic missile and satellite tracking vessel “Yuan […]

“What we are seeing at the moment is a softness in the enthusiasm of Chinese students and their parents. … [+]s to enroll in American institutions,” said John Quelch, dean of the Herbert Business School at the University of Miami, on the sidelines of the United States-China Business Forum. Ethan Covey Photography The growth in […]

Taiwan says it will ‘adjust its force allocation’ China conducts war games around Taiwan Beijing angry at US House speaker’s visit to Taiwan BEIJING/TAIPEI, Aug 10 (Reuters) – China’s military has “completed various tasks” around Taiwan but will carry out regular patrols, it said on Wednesday, potentially signaling an end to the days of war […]

Taiwanese national security officials want to force Apple supplier Foxconn to unwind an $800 million investment in Chinese chip company Tsinghua Unigroup, as Taipei seeks to align itself more closely with the United States in the face of the escalating threats from Beijing. The investment from Foxconn, the world’s largest contract electronics maker and China’s […]

A sign of ZTE is seen at the 2020 China International Trade in Services Exhibition (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 9 (Reuters) – The United States on Tuesday accused Far East Cable, China’s largest wire and cable maker, of violating […]

US President Joe Biden talks to reporters as he boards Air Force One on a trip to eastern Kentucky to visit families affected by the devastation of recent flooding, as ‘He departs Delaware Air National Guard Base in New Castle, Delaware, USA on August 8, 2022. Kevin Lamarque | Reuters WASHINGTON — President Joe Biden […]

China’s export industries performed well last month after spending the first half of the year hampered by raw material shortages and pandemic-related closures at major ports. Providing an encouraging boost to the economy, outbound shipments rose 18% in July from a year earlier, the fastest pace this year, official Customs data showed on Sunday, beating […]

Before China’s warplanes roared and its ballistic missiles howled in the seas off Taiwan last week, analysts had already begun laying out — from incursion to inaction — what investors could expect. then expect. Consensus among these forecasters was rare, and if any, there is even less now. The United States and China have spent […]

SHANGHAI, Aug 6 (Reuters) – The southern Chinese resort city of Sanya imposed a lockdown on Saturday and closed its public transport system in a bid to stop a COVID-19 outbreak during its peak tourist season . Authorities announced curbs would begin at 6 a.m. (2200 GMT), saying the COVID situation was “very serious” and […]

The Chinese military has sent planes and warships to probe Taiwan’s defenses for a second day, deepening a crisis that has prompted one of the island’s wealthiest men to donate millions of dollars for his security. Taiwan’s Defense Ministry said on Friday that several groups of Chinese aircraft and warships operated in the Taiwan Straits […]

NEW DELHI: Industry stakeholders said on Thursday that the new framework of the personal data protection bill should emphasize cross-border data flow and data localization requirements, introducing into its scope of ransomware, blockchain-based crypto/NFT scams, and even massive tax evasion by Chinese tech companies. . IT industry umbrella body Nasscom said data is the bedrock […]

Comment this story Comment Automakers are chafing at the ambitious plan Democrats are proposing to lower the cost of electric cars and accelerate the transition from gas-powered vehicles. The Senate climate package set to be voted on as early as this week includes tax credits that cut the cost of electric cars by thousands of […]

TOKYO– The United States is working with Japan and other like-minded countries to counter China’s efforts to use its economic power to impose political change on the world, the US ambassador to Japan said in a statement on Tuesday. interview with the Associated Press. Rahm Emanuel, who was previously mayor of Chicago and chief of […]

The logo of the U.S. Securities and Exchange Commission adorns an office door at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters) – The U.S. public company accounting regulator will not accept any restrictions on its access to audit documents of […]

SHENZHEN, China, Aug 1 (Reuters) – On a busy downtown street, three delivery bikes suddenly rush across the pedestrian crossing in front of the car. On the car’s dashboard, they look like little 3D blue blocks from a 1990s video game. The steering wheel turns a notch and the vehicle gently slows down, while the […]

An employee uses a spinning machine at a textile factory on May 26, 2022 in China. Chinese factory activity contracted unexpectedly in July as fresh virus outbreaks and a darkening global outlook weighed on demand. Zhu Haipeng | Visual Group China | Getty Images Chinese factory activity contracted unexpectedly in July after rebounding from Covid-19 […]

The head of the UK accounting regulator backed EY’s plan to split its audit and consultancy business, saying the split would bring “distinct benefits”. Sir Jon Thompson, chief executive of the Financial Reporting Council, told the Financial Times he backs the idea of ​​a split that would build on its watchdog’s deal with the biggest […]

Staff members work at the counter of cosmetics brand L’Oreal at a shopping mall in Beijing, China November 18, 2021. REUTERS/Tingshu Wang Join now for FREE unlimited access to Reuters.com Register PARIS, July 28 (Reuters) – Cosmetics group L’Oreal (OREP.PA) bucked a downward trend in China’s luxury and fashion industry with sales rising in the […]

A man, who was wanted by St Elizabeth Police for the murder of two Chinese shopkeepers in the Bellevue area of ​​the parish last year, was fatally shot by lawmen on Tuesday evening. Tommy Thompson of Cameron Hill, Maggotty, also in St Elizabeth, was fatally injured after he allegedly attacked police with a machete in […]

© Reuters U.S. defense contractor Raytheon reported an increase in revenue in the second quarter, boosted by the recovery of its commercial airline customers, but sales at its missile division were hit by supply chain issues. “A strong start to the summer travel season resulted in continued revenue growth” that “exceeded our expectations,” said chief […]

Alibaba’s push to rival Amazon by attracting American companies to its e-commerce platform has struggled to achieve its goals, dealing a blow to the Chinese tech giant’s global expansion plans. The group launched Alibaba.com, its business-to-business e-commerce website, in the United States three years ago with the aim of recruiting more than a million local […]

Adjusted EBITA 216 million euros vs. 324 million forecast The company cuts its estimate of sales growth for the year to between 1% and 3% The action down 6.9% to 20.24 euros AMSTERDAM, July 25 (Reuters) – Dutch medical equipment maker Philips (PHG.AS) reported a bigger-than-expected drop in second-quarter core profits on Monday, saying supply […]

China has issued stern private warnings to the Biden administration over the upcoming trip to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi, setting off alarm bells among White House officials who are worried. oppose his visit. Six people familiar with the Chinese warnings said they were significantly stronger than threats Beijing has made […]

Chinese Ambassador to Nigeria Mr. Cui Jianchun on Friday held talks with the Bauchi State government and the business community, including local and national investors, for bilateral assistance from the Republic of China to Bauchi State. Speaking during the bilateral talks held at Banquet Hall, Government House, Bauchi, Mr. Jianchun said the Chinese government stands […]

Baidu unveiled on July 21, 2022, the sixth generation of its self-driving electric car designed for road trips, at a cost nearly 50% less than a model announced last year. Baidu BEIJING (Reuters) – Chinese tech giant Baidu said on Thursday it had slashed the price of its robotaxi vehicles by nearly half, cutting costs […]

(Yicai Global) Jul 20 — Qudian dips into ready-meal business with gusto after string of failed ventures in everything from cars to edtech as China’s internet financial platform seeks other sources revenue amid a regulatory crackdown on online lending. Qudian will open 200,000 ready-to-eat meal franchises and offer one-year interest-free loans to those who don’t […]

The Didi logo is seen on the facade of the company’s headquarters in Beijing, China November 9, 2021. Picture taken November 9, 2021. REUTERS/Yilei Sun Join now for FREE unlimited access to Reuters.com Register July 19 (Reuters) – Chinese authorities are set to fine ride-hailing company Didi Global more than $1 billion, sources familiar with […]

LONDON – Syoung Group, the parent company of Chinese face mask giant Uniforn, on Monday announced plans to acquire French-Japanese prestige skincare brand Evidens de Beauté for 49.5 million euros, or $50 million. dollars. Syoung Group also revealed that it has signed an agreement with the brand’s main shareholders to buy just over 90% of […]

As a Chinese restaurant owner, you’ve probably looked into loans and come across the word “SBA.” SBA stands for Small Business Administration, and it is a loan that you should investigate. Even though it’s referred to as a “loan,” it’s not one in the usual sense. An SBA is essentially a bank or alternative lender’s […]

The Chinese mainland reported around 600 new COVID-19 cases on Sunday, marking the number as the highest daily tally in July, according to the National Health Commission. Over the past three days, the daily tally on the Chinese mainland has exceeded 400. According to official data on Sunday, 106 new cases […]

India has continued its crackdown on Chinese companies that dominate its smartphone market, in a series of legal actions that have heightened trade tensions between Asia’s two biggest nations. Oppo, which sells both the popular realme brand and its eponymous brand, was accused by Indian regulators of tax evasion this week. The move follows recent […]

Chinese leader Xi Jinping, on a visit this week to the Xinjiang region where his government is widely accused of oppressing predominantly Muslim ethnic minorities, has shown no signs of backing down from policies that have come under heavy criticism. from the United States and many European countries. Xi stressed the […]

RIYADH: The United States and Saudi Arabia have an established security relationship, with over SR375 billion ($100 billion) in active foreign military sales that President Joe Biden can draw on during his his visit to the Kingdom. According to the website of the US embassy and consulates in Saudi Arabia, the two countries have developed […]

NEW DELHI — Indian investigators have raided an Indian subsidiary of Chinese smartphone maker Oppo, accusing it of evading customs duties totaling 43.9 billion rupees ($551 million), the government said on Wednesday. The Directorate of Law Enforcement, India’s financial crime investigation agency, said it had sent a notice to the company asking for the money […]

The United States flag flies atop the U.S. Treasury Department in Washington November 18, 2008. REUTERS/Jim Bourg/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, July 12 (Reuters) – The U.S. Treasury’s top economic diplomacy candidate said on Tuesday he wanted to limit China’s growing influence over global lending by working with […]

ISLAMABAD: Chinese company M/s Huaneng Shandong Ruyi (Pakistan) (HSR) Energy (Private) Limited has threatened to suspend the import of Afghan coal if Nepra does not approve the agreed pricing mechanism within a week . This message was conveyed by the company’s Chief Executive Officer (CEO), Dr. Li Xin, in a letter to the National Electric […]

Pictured on June 24, 2022, workers make umbrellas at a factory in Jinjiang city, Fujian province, China. Yuan He | Edition of the future | Getty Images European sales of Guangdong-based coffee machine company HiBrew declined after a run in the pound last year when pent-up global demand pushed up purchases of Chinese consumer goods. […]

China has imposed fines on tech giants Alibaba and Tencent along with a range of other companies for failing to comply with anti-monopoly rules on trade disclosure, the country’s market regulator said on Sunday. The State Administration for Market Regulation (SAMR) released a list of 28 deals that broke the rules. […]

This week Current climatewhich every Saturday brings you the latest in sustainability business. Sign up to receive it in your inbox every week. Los Angeles Times via Getty Images Llast week, BP has released its annual World Energy Statistical Review, which provides a comprehensive overview of the global energy industry. One of the most interesting […]

Comment this story Comment One of China’s biggest debt restructurings is looming, with the Communist Party now in charge, after China Evergrande Group was officially declared in default. As state intervention has eased fears of a disorderly collapse that would rock the global economy, investors who hold bonds from the world’s most indebted property developer […]

A Shanghai police database containing a vast trove of personal data entered by a hacker or group has been left online, unsecured, for months, security researchers have said, in what is likely the most major known breach of Chinese government computer systems. The leak, which came to light after an anonymous user posted on an […]

Speaking alongside his British counterpart in London on Wednesday, FBI Director Christopher Wray called China “the greatest long-term threat” to the United States and the United Kingdom. “The Chinese government is determined to steal your technology – whatever makes your industry work – and use it to undermine your business and dominate your market,” Wray […]

Cities across China are tightening Covid-19 restrictions to stamp out the spread of the virus after growing clusters of cases were discovered. Shanghai, which emerged in late May from a two-month shutdown that disrupted global supply chains and disrupted markets, ordered residents of nine of its 16 districts to undergo two rounds of mandatory tests […]

NEW YORK, July 5 (Reuters) – Wuxi Biologics (2269.HK), a Chinese company that makes ingredients for AstraZeneca’s COVID-19 vaccine, may be set to be removed from a U.S. trade list on which it landed five months ago, wiping HK$77 billion ($9.9 billion) from its market value at the time. Chinese authorities authorized a US export […]

Missing tycoon Xiao Jianhua was due to appear in a Shanghai court on Monday, more than five years after the billionaire financier was snatched from a Hong Kong hotel by Chinese security agents. The trial will be the first time Xiao, 50, a Canadian citizen of Chinese descent with ties to the upper echelons of […]

Text size The Chinese market is recovering, but it still has plenty of cheap stocks. Here: an electronic board displays the Hang Seng index in Hong Kong. Bertha Wang/AFP/Getty Images For a market judged to be on the verge of being “uninvestable” a few months ago, China seems rather perky. The iShares MSCI China the […]

President Joe Biden has talked a lot about “Made in America” — and creating 10 million clean energy jobs. However, he just made a big mistake for America’s solar manufacturing industry, with serious consequences for the country’s energy future, including greater reliance on Chinese solar panels. China accounts for around 70% of global […]

China took new steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service fees, improve access to foreign exchange hedging and streamline the account opening process. China will also facilitate cross-border bond subscriptions and facilitate the trading of Chinese bonds by foreign passive […]

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Join now for FREE unlimited access to Reuters.com Register NEW DELHI/SHANGHAI, July 1 (Reuters) – General Motors (GM) (GM.N) said on Friday it had canceled the sale of a shuttered Indian […]

Enlarge / Zeng Yuqun, chairman of Contemporary Amperex Technology Co. (CATL), poses for a photo in Ningde, Fujian province, China, Wednesday, June 3, 2020. The headquarters of battery giant CATL dominates the Chinese coastal city of Ningde. To the untrained eye, the building looks like a huge slide emerging from the urban sprawl. It’s actually […]

Shenzhen, China–(BUSINESS WIRE)–June, the golden month for e-commerce business in China, with more than 9 years of experience in one-stop Chinese sourcing solution for global e-commerce, BuckyDrop team has been very busy since May, helping sellers find, buy, package and ship products around the world. In May alone, BuckyDrop helped sellers ship 220% more packages […]

Yiwu Market, a new mall for affordable Chinese goods, has now opened in Dubai. This first smart free zone market in the Middle East promises to be economical for buyers, wholesalers and retailers. According to the Dubai Media bureau, DP World and the China Commodity City Group, which runs the world’s largest wholesale market in […]

Questions continue to swirl about whether Chinese leader Xi Jinping will attend the 25th anniversary of Hong Kong’s handover from British to Chinese rule and the inauguration of the territory’s new ruler. China’s official Xinhua news agency said Xi would attend the July Day commemorations, but did not say whether he would […]

Placeholder while loading article actions US Treasury Secretary Janet Yellen is at the forefront of calls for a price cap on Russian oil exports. Sounds like a good idea. Don’t expect this to work. Here is the problem. Russia earns billions of dollars by exporting oil. These dollars help fund President Vladimir Putin’s invasion of […]

Prime Minister Boris Johnson’s authority is “running out”, a former Tory MP has said, following the ruling party’s loss of two by-elections. “[Johnson’s] authority is very significantly reduced,” Gavin Barwell told Sky News on Friday. “The Conservative Party looked to Boris Johnson, because they saw him as an election winner, there is not…a deep love […]

10.8 million Chinese graduates to enter labor market in weak economy Youth unemployment at 18.4%, 3 times higher than the overall rate The employment of graduates is a top government priority in the face of stability risks BEIJING, June 23 (Reuters) – Jenny Bai was among the top 10 computer science students from different Chinese […]

FANGLIAO, Taiwan — Lin Chun-lai purchased his grouper farm in southern Taiwan about a decade ago in recognition of mainland China’s growing appetite for live fish. In just a few years, the former electrician made enough money to support his family of four and even open a small inn. Then China abruptly banned all grouper […]

The hospitality industry group estimated the strike will cost the sector between £540 billion and £1 billion © REUTERS The head of Britain’s hospitality trade body has warned that the railway strike “will not be a one-off” for the industry, which is likely to be affected for the rest of the year. “There is talk […]

Iron ore plunged more than 7% in Singapore – giving up all of its gains this year – as steel mills idled their blast furnaces amid growing pessimism about the outlook for demand in China. The steel ingredient has now lost around a fifth of its value in a series of […]

Located in the town of Pochampalli in the Krishnagiri district of Tamil Nadu and surrounded by shoe factories, temples, bakeries, coconut trees and dusty roads, is the new Ola Futurefactory. It takes more than three hours by road and more than 130 km from the technological (tech) center of Bengaluru to […]