The United States can’t be protectionist when it comes to the electric vehicle and EV battery industries, which are now dominated by China, analyst warns.
Monthly Archives For October 2023
China’s discovery of never-before-seen ore could propel battery technology
China’s discovery of never-before-seen ore could propel battery technology – Rare earth metal niobium found inside new ore can be used to make ‘game changing’ batteries, scientists say …
China Focus: China’s computational power gains new strength with 255-detected-photon quantum computer
Led by the renowned Chinese quantum physicist Pan Jianwei, the research team has successfully accomplished this quantum computing feat, achieving a speed that is 10 quadrillion times faster in solving …
China’s Credit Market Stress Eases After Onshore Defaults Drop
Even so, offshore stress fell to level 3 from 4, the credit tracker shows. China’s junk dollar note market returned 0.5% in September, just the third monthly advance this year according to a Bloomberg …
China public set high aesthetic bar for Uzbek gymnastics legend they call ‘Mum Qiu’ after deal with ‘tasteless’ mainland cosmetics brand
People on mainland social media say internationally renowned gymnast, Oksana Chusovitina – who is affectionately known as “Mum Qiu” in China – could have her reputation tarnished by the “tasteless” …
Controversy Engulfs Uzbek Gymnast Oksana Chusovitina’s Collaboration with Chinese Cosmetic Brand
Well-known for her acrobatic prowess and graceful performances, Oksana Chusovitina, the Uzbek gymnast, has carved out a substantial fanbase in China over the years. Yet, her recent collaboration with …
China Bans Its Brokers From Illicit Cross-Border Equity Business
China has told its securities firms and their offshore units to stop conducting illicit cross-border business, including brokering shares and selling funds to domestic investors, in a bid to plug …
Scale, solid supply chain of China’s manufacturing a huge advantage
“Given the complete category and steady supply chain, China’s manufacturing sector has a strong risk-resistance capacity,” said Tom Van der Heyden, a professor from a European business college, adding …
China Pledges to Bolster Social Safety Net amid Economic Struggles
In a bid to address rising economic concerns stemming from the ongoing Covid-19 pandemic, the Chinese government has pledged to fortify the social safety net for low-income groups. The government’s …
Shareholders Defeat Imax Bid to Buy up China Subsidiary, Shares Wobble
The Hong Kong-listed shares of Imax China wobbled in reaction to the defeat of a buyout proposal that would have seen the Canadian parent company Imax Corp. take outright control. Imax Corp. already …
Beijing fund buys China bank shares in show of support for stock market
The state-controlled Central Huijin fund invested more than Rmb477mn ($63mn) in China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China. Shares …
Ex-boss of China banking giant arrested for taking bribes
Former China Everbright chairman Li Xiaopeng was also expelled from the Communist Party in the anti-corruption drive.
China’s timid bank buying sends rescue signals
China is responding. Economists and fund managers have been lobbying for Beijing to buy stocks directly to prop up the country’s equity markets which has been slammed by outflows. The call was partly …
