Evergrande Financial Wealth Management Co. is a wholly-owned unit of Evergrande, which was established in 2015 and is based in Shenzhen. Police also said the case is still under investigation and investors could file complaints…
Monthly Archives For September 2023
Top China, U.S. officials meet in Malta talks ahead of possible Xi-Biden meeting
The meeting convened after several high level officials visited Beijing in recent months and just before Wang’s meeting with Russian Foreign Minister Sergei Lavrov later this week. China said Vice President Han Zheng will represent…
Women’s tennis returns to China after Peng Shuai boycott
The Women’s Tennis Association (WTA) kicked off its first tournament in China in more than three years Monday, ending its boycott over the uncertain fate of tennis star Peng Shuai.
China’s financial institutions see assets increase in Q2
The country’s financial institutions saw their combined assets increase 10.3 percent year-on-year to 449.21 trillion yuan ($62.58 trillion) by the end of Q2, while their combined liabilities rose 10.6 …
China’s Wang Yi visits Russia ahead of possible Xi-Putin meeting
China’s top diplomat, Wang Yi, begins on Monday a four-day trip to Russia during which both nations are expected to pledge deeper mutual political trust, readying for a possible landmark visit by President Vladimir Putin…
China flies 103 military planes toward Taiwan in a new high of activity the island calls harassment
China’s military sent 103 warplanes toward Taiwan in a 24-hour period in what the island’s defense ministry said Monday was a daily record in recent times. As is customary, they turned back before reaching Taiwan.
China’s NEV exports skyrocket 110 pct in first eight months
China’s exports of new energy vehicles (NEVs) soared 110 percent year on year in the first eight months of 2023 amid the rapid expansion of the sector, industry data shows. This was reported by The…
U.S. and China officials meet to mend relations
The recent power play between two of the world’s most influential giants, the U.S. and China, took an unexpected turn as they sought to bridge the gap in Malta. Let’s be frank here. With tensions…
AI start-up Beijing Fourth Paradigm among 3 Chinese firms launching Hong Kong IPOs
Beijing Fourth Paradigm, an AI start-up … which equates to 70.6 per cent of the IPO, the filings showed. Fourth Paradigm was added to the US “Entity List” this year, which means US suppliers are…
China’s battery makers build plants abroad to benefit local industry
CATL, China’s largest battery maker, has two overseas factories: one operating in Germany and the other under construction in Hungary. It will be the largest battery factory in Europe when production …
WHO chief pushes China for ‘full access’ to determine Covid-19’s origins, Financial Times reports
The chief of the World Health Organization (WHO) urged Beijing to offer more information on the origins of Covid-19 and is ready to send a second team to probe the matter, the Financial Times reported…
Pinned down by property paralysis, China needs a big holiday but they’re getting a long staycation instead
The portents are all good. China’s COVID-19 era restrictions are now done and dusted, and China Railway just struck “a new single-day record in ticket sales”, flogging 22.9 million tickets on Friday …
Beijing institute turns to powering rotorcraft
The Beijing Power Machinery Institute, a subsidiary of China Aerospace Science and Industry Corp, is known for its engine products that propel the nation’s cruise missiles. And now, engineers at the institute have used their…
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