Chinese military command announced the successful execution of exercises in the Taiwan Strait, including “precision missile strikes,” following House Speaker Nancy Pelosi’s visit.
Monthly Archives For August 2022
China’s embattled property giant Evergrande fails to deliver debt restructuring plan
Evergrande has been at the heart of the country’s real estate troubles since last year, and has become China’s most indebted developer with $300 billion in liabilities.
China real estate crisis: Authorities to rescue property developers after homebuyers boycott mortgages
Many Chinese home buyers announced they would stop making mortgage payments to banks until work resumed on unfinished projects, VOA reported.
Live news updates: Toyota profits almost halve amid inflation and China lockdowns
Rolls-Royce reduced its cash outflow by more than £1bn in the first half of the year but cautioned that the external trading environment remained challenging, citing rising inflation and supply chain …
China begins huge live-fire drills around Taiwan; Taipei says ‘illegitimate, irresponsible’
China launched unprecedented live-fire military drills in six areas that ring Taiwan on Thursday, a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi to the self-ruled island …
China’s Memory Upstart YMTC Edges Closer To Rivals With 232-layer Chip
Chinese chipmaker Yangtze Memory Technologies Co Ltd (YMTC) on Wednesday announced new memory chip technology that would help it catch up with rivals Micron and SK Hynix, just as Washington considers …
Taiwan calls China military drills ‘illegitimate, irresponsible’, says missiles fired
China launched unprecedented live-fire military drills in six areas that ring Taiwan on Thursday, a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi to the self-ruled island …
Starbucks beats profit estimates despite hit to China business
Starbucks Corp beat Wall Street estimates for quarterly profit on Tuesday as higher prices and strong demand for its coffees in the United States helped offset a hit to business in China from renewed …
White House says there is ‘no reason’ for Beijing to turn Taiwan visit ‘into a crisis’
The White House press secretary said there is “no reason” for Beijing to turn Nancy Pelosi’s visit to Taiwan “into a crisis.”Karine Jean-Pierre also said the trip should not be used as “a pretext to…
Hong Kong anniversary film festival kicks off in Beijing
A Hong Kong film festival to mark the 25th anniversary of the city’s return to its motherland opened in Beijing on Friday. Broadway Cinematheque MOMA in Beijing and the Hong Kong government’s Beijing …
China claims ‘precision missile strikes’ in Taiwan Strait
China says it conducted “precision missile strikes” in the Taiwan Strait on Thursday as part of military exercises that have raised tensions in the region to their highest level in decades.
China to grant zero-tariff treatment on imports for 16 developed countries
China is reportedly set to grant zero-tariff treatment on 98 per cent of its taxable items to a minimum of 16 developed countries, as reported on …
Net profit of China’s top liquor brand posts strong growth in H1
A worker conducts packaging works at a distillery in Maotai town of Renhuai, southwest China’s Guizhou Province, Nov. 27, 2020. (Xinhua/Ou Dongqu) GUIYANG, Aug. 4 (Xinhua) — China’s leading liquor …
