Four people have died and three others are missing after landslides hit a county in China’s southwestern Sichuan province, leading authorities to evacuate more than 900 people.
Monthly Archives For June 2023
Pete Buttigieg consulted China-tied group pushing gas stove bans, electric vehicle mandates
Biden Secretary Pete Buttigieg consulted late last year with a left-wing climate group that has been at the forefront of the push to electrify the economy.
Indictment details plan to steal Samsung secrets for Foxconn China project
When former Samsung executive Choi Jinseog won a contract with Taiwan’s Foxconn in 2018, he tapped his former employer’s supplier network to steal secrets to help his new client set up a chip factory …
China starts building third icebreaker, which scientists say could send researchers to polar seabeds by 2025
The ship could help China become second country, after Russia, to take people to Arctic sea floor in deep-sea submersibles It will spend part of the year at North and South Poles and also support…
Treasury yields nudge higher as China talk spurs riskier behavior
A slightly more risk-positive tone across global markets were reducing demand for sovereign bonds and nudging Treasury yields higher.
Climate finance: China’s Ping An Bank lends US$25 million to Inner Mongolia steel maker to capture carbon emissions
The loan will help fund a pilot carbon capture, utilisation and storage project with Baotou Iron and Steel Group Project aims to reduce carbon-dioxide emissions by 365,300 tonnes per year, equivalent …
China’s yuan firms as state banks step in; PBOC grows wary of decline
By Georgina Lee HONG KONG, June 27 (Reuters) – China’s yuan firmed on Tuesday after the central bank set its daily fixing stronger than market expectations for the second day in a row, bolstering …
The yuan’s plunge against the rival dollar underscores fears that China’s floundering economy will weigh on global growth
Mega-cap companies like Nvidia and Tesla are majorly exposed to China, and there are warning signs that the world’s second-largest economy is slowing.
China censors financial blogger as economic recovery falters
China’s benchmark CSI 300 stock index has also badly underperformed global peers on broad disappointment with the economic rebound, down about 1 per cent year to date, compared with a 13 per cent gain …
Biden kept Trump’s tariffs on Chinese imports. This is who pays the price
Dan Digre makes loudspeakers in Minnesota. But he’s importing more of them from China than he used to, thanks to unintended consequences from Trump-era tariffs that President Biden has kept in place.
Braised frogs, mashed potatoes and barbecue: Can food stalls help save China’s economy?
China’s government is relaxing restrictions on night markets and street vendors to stimulate spending and create jobs, especially for young people.
Shanghai Electric Named One of China’s 500 Most Valuable Brands by World Brand Lab
Shanghai Electric (SEHK:2727, SSE:601727) (“the Company”) has been recognized as one of China’s 500 Most Valuable Brands, according to an annual list published by World Brand Lab, a world’s leading …
China censors top financial pundit over economy comments
The Weibo account of Wu Xiaobo, an influential business journalist and author with more than … but said one of them had a three-character name starting with “Wu” and ending with “Bo”. China’s …
