Russian Copper Company (RCC) and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources familiar with the …
Monthly Archives For April 2024
Gold zooms 15% year-to-date (YTD); experts list 10 factors
Experts also maintain that as economies like China are increasing their gold reserves in order … Even though economies worldwide are recovering from the corona-led crisis, a Reuters poll covering 48 …
China says Hong Kong must ‘tightly hold’ national security line to safeguard development
China’s top official on Hong Kong affairs said the city should “tightly hold” onto the bottom line of national security to safeguard development, in a speech coming weeks after the enactment of sweeping new security…
China accounted for two-thirds of new global coal plant capacity in 2023, report finds
The world added more coal power capacity last year than any year since 2016, with China driving most growth and most planned growth according to new research.
China’s private builders face $553 billion gap to complete homes
Chinese private real estate developers face a $553 billion funding gap to complete pre-sold homes, adding to the woes of an industry …
It’s a new week with a new development in the ongoing China-US tech dispute: Now China is going to ban US chips from its telco networks from 2027
The Chinese Ministry of Industry and Information Technology (via The Register and the Wall Street … The move is sure to affect the revenues of Intel and AMD, as China remains a major consumer of…
China’s Massive Subsidies for Green Technologies
A new study by the Kiel Institute indicates that Beijing heavily subsidizes its domestic industries, particularly in sectors such as green technologies
China Development Bank lends nearly 267b yuan for infrastructure development in Q1
BEIJING — China Development Bank said it had issued 266.9 billion yuan ($37.61 billion) in loans during the first quarter of 2024 to bolster the advancement of infrastructure projects. Funds were channeled to 102 key…
African runners appear to let Chinese star win Beijing race in bizarre video
Footage of the strange race’s final moments shows the three African runners clumped together, seemingly slowing down on purpose.
China’s Chery says it will sign deal with premium European auto brand over platform cooperation
China’s Chery is going to sign a deal with a premium European brand over platform cooperation, Yin Tongyue, chairman of the Wuhu-based automaker, said on Sunday. “Two premium European marques want to …
China Vanke says it has plans in place amid short-term liquidity pressure
By Clare Jim HONG KONG (Reuters) -State-backed property developer China Vanke said it is facing short-term liquidity pressure and operational difficulties, but added that it has prepared “a basket of …
China Box Office: ‘The Boy and the Heron’ Reaches $93 Million After Second Weekend
At the mainland China box office ‘The Boy and the Heron’ reaches a $93 million total after a second weekend on top of the charts.
Fast-fashion brand opens up to others
Shein has outpaced well-known European fast-fashion companies such as H&M, Primark and Zara even though they have had a solid online presence, and brick-and-mortar stores for decades and are …
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