BEIJING (Reuters) – A slump in the price of lithium, a key raw material in electric car batteries, is dragging on China’s mining of the ultralight metal which together with a costly extraction process …
Monthly Archives For March 2024
Deception unveiled: Shenzhen man pretending to be needy turns out to be fraud
An elderly man in Shenzhen, Guangdong province, who garnered sympathy after asking for directions to the railway station due to financial distress in a widely circulated video, has been revealed to be …
China’s economy is slowing. But its old-age market is booming.
Products from anti-aging cosmetics and procedures to elder-care facilities are a few of the many sectors growing as China’s demographics go gray …
China’s foreign minister to visit Australia next week as ties improve
China’s top diplomat, Foreign Minister Wang Yi, will visit Australia next week, Prime Minister Anthony Albanese said on Thursday, a sign of a further thaw in relations after years of tensions. “I look …
Crypto miners are buying up all the AMD Ryzen CPUs
Cryptocurrency mining has always led to a resource drain, particularly in power, water, and land. Crypto miners are now buying AMD Ryzen CPUs in bulk, resulting …
China may be facing too many economic obstacles to hit its ambitious growth target for 2024
Fighting deflation, a sinking property market and weak internal demand, Beijing has set itself a challenging goal in 2024 …
China’s military ambitions
China’s annual parliamentary meetings offer a glimpse into its future direction. This year, amidst economic headwinds, a key takeaway is the continued surge in defence spending …
FOCUS-As trade with China booms, some Russian companies are flourishing
Business at Nikita Minenkov’s logistics company, based near the Amur River that marks the border between Russia and China, was going well. Since Moscow’s invasion of Ukraine it’s gone even better – …
Yellen says US aims to ensure domestic EV maker success as China boosts exports
U.S. Treasury Secretary Janet Yellen on Wednesday said President Joe Biden’s administration is taking steps to ensure success of the domestic electric vehicle (EV) industry in the face of China’s …
Joe Biden’s latest budge proposal calls for a 30% tax on crypto mining
U.S. President Joe Biden is pitching a variety of crypto related taxes and regulations, which he says could generate almost $10 billion next year.
Fosun Pharma forms ¥5B fund to invest in Shenzhen biotechs
Shanghai Fosun Pharmaceutical Co. Ltd has formed a partnership with seven other investors to form an investment fund partnership that plans to invest ¥5 billion (US$695M) in local biotech and med-tech …
China Market Update: CATL Sees 3rd Massive Net Buy Day While Hong Kong Dip Bought In Size
and the HS China Enterprise ETF a small net buy while China Mobile, Li Auto, and Meituan were small net sells. Shanghai, Shenzhen, and the STAR Board fell -0.4%, -0.11%, and -0.34%, respectively on …
Pandemic? What pandemic? Four years later, coronavirus no factor in 2024 Biden-Trump rematch
In 2024, the pandemic, so fresh in the American collective memory, has been pushed deep into the netherworld of U.S. electoral hippocampus.
