China’s Sinopec posted a 2.6% rise in net profit for the first half of the year, it said on Sunday, as rising oil prices boosted income.
Monthly Archives For August 2024
China ‘Firmly Opposed’ to US Sanctions on Russia-Linked Entities
Beijing urged the US to “stop its wrong practices” after Chinese companies were included on a sanctions list that’s designed to target supply chains feeding Russia and hobble its wartime economy.
In Beijing’s Quest for Control of the South China Sea, a New Flashpoint Emerges
China is showing a growing willingness to escalate in the David-and-Goliath fight with the Philippines over control of the vital trade route.
Club Med owner bets on winter sports in China as skiing craze creates ‘severe shortage’
An asset-light strategy refers to a business model under which a company has only a small amount of fixed assets on its balance sheet. Club Med now operates three all-inclusive winter resorts in China …
Global entrepreneur summit held in Beijing
A boy plays chess with a robot at the exhibition area of HICOOL 2024 Global Entrepreneur Summit in Beijing, capital of China, Aug. 24, 2024. The global entrepreneur summit was held in Beijing from Friday…
China mutual funds reel from crackdown
China’s $4.4tn mutual fund industry has become the latest target of President Xi Jinping’s crackdown on finance, with new laws limiting fees and funds now subject to tougher and more frequent …
China slams US for adding firms to export control list, vows action
China’s Ministry of Commerce said on Sunday it strongly opposed the United States’ decision to add multiple Chinese entities to its export control list over Russia-related issues.
China Plans New Digital Economy Development With Green Growth
China rolled out an action plan for digital development through green initiatives, part of an effort to create fresh growth for the country’s slowing economy.
Is China’s Demand for Oil Nearing Its Peak?
A contributing factor to the expectation of peak oil demand is the replacement of diesel with liquefied natural gas as fuel in trucks. With LNG getting cheaper and burning more cleanly than diesel, industrial machinery…
China’s tightening rules put foreign high-frequency futures traders in limbo
HIGH-FREQUENCY futures traders in China have seen the viability of algorithmic strategies come under pressure as costs have ballooned. Read more at The Business Times.
Amid tensions, Philippines demands China to halt actions in South China Sea
China claims sovereignty over almost all of the South China Sea, and has a number of coastguard vessels in the waters to protect what it considers its territory. The Philippines, Taiwan, Malaysia, Indonesia, Vietnam and…
China’s hit video game ‘Wukong’ sells 10 million copies in 3 days
Wukong, developed by Game Science and backed by Tencent, sold 10 million copies in its first 83 hours, becoming one of the fastest debuts ever. This action-adventure game based on the mythology of the …
China’s largest Core i9-14900K gaming cafe has suffered from instability issues since 2023 — the flagship store has 171 gaming PCs with Core i9-14900K chips
The world’s largest Core i9-14900K equipped internet cafe in China reportedly suffered from CPU instability issues nearly a year ago, requiring Intel engineers to come in person to fix the problem.
ADVERTISEMENT
