Today’s newsletter looks at America’s largest solar panel manufacturer, First Solar, and its race to out-innovate China on solar technologies. The company is a top beneficiary of the landmark Inflation Reduction Act and in its…
Monthly Archives For August 2024
China-Russia Trade Faces Hurdles As Global Banks Return 80% Of Yuan Transfers, Delaying Payments By 6 Months Amid US Sanctions
The complications started in December when the U.S. implemented secondary sanctions aimed at financial institutions assisting Russia in evading sanctions. This led to global banks, from China to the U …
Panda bond push: Pakistan gets 5 bids from China to shore up finances
Panda Bonds are onshore renminbi-denominated bonds issued in the People’s Republic of China by non-Chinese entities and serve as a capital-raising platform for foreign countries or companies targeting …
U.S. Sends Warship to China’s Doorstep
The U.S. and the Philippines said Wednesday’s drill aimed to increase the interoperability of their armed forces.
China developer returns buyers’ deposits for unfinished homes, local media says
A Chinese property developer is giving back homebuyers the deposit they paid for apartments in a project it was unable to finish as part of a housing return programme coordinated by the local …
China’s Home Sales Slump Again, Signaling Crisis Not Over Yet
A fresh batch of China property data suggests that the sector remains in bad shape, heaping pressure on policymakers to take bolder action to address what has become a major drag on the economy.Sales …
US may ban Micron, SK Hynix and other companies from selling these advanced AI chips to China
The Biden administration planned to introduce new rules limiting China’s access to advanced AI chips and semiconductor equipment. The restrictions tar
Former vice president of Chinese policy bank expelled from Communist Party, Xinhua says
The former vice president of China Development Bank, Li Jiping, has been expelled from the Communist Party for suspected severe violations of discipline and laws, state news agency Xinhua reported on …
Volkswagen CEO: China is open for discussion on tariffs
Volkswagen’s chief executive said China and Europe should build tariff systems that reward those who invest in domestic car production, adding that the Chinese ministers he recently met in Beijing …
ArcelorMittal Cries Foul on Steel Exports From China
ArcelorMittal SA said exports from China left the steel market in an unsustainable position, as the world’s biggest producer outside of the Asian country reported a fall in second-quarter profit.
Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America
The ride sharing giant Uber and Chinese automaker BYD say they have agreed on a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America.
Exclusive: China securities official expected to lead Shenzhen stock exchange, say sources
Li Jizun, a civil servant who is currently director of the general office at the China Securities Regulatory Commission (CSRC), is expected to become general manager of the 27-trillion-yuan ($3.73 …
China Fumes As U.S.’s NATO Ally Sails Warship Near Coast
Canada-China relations faced challenges again as Beijing said Ottawa “undermined peace” in the contested Taiwan Strait by sending a warship there on Wednesday. Canada’s military announced that HMCS …
