China’s Shanghai will basically evolve into an international financial center that matches the country’s overall strength and global influence over the next five to ten years, according to a guideline …
Monthly Archives For June 2025
China’s Rare Earth Exports Slump in May as Magnet Sales Curbed
China’s exports of rare earth products — including powerful magnets now at the heart of tensions with the US — slumped to a fresh five-year low in May as Beijing’s export curbs choked flows.Most Read…
China hits back at Ursula von der Leyen’s ‘baseless, biased’ speech at G7 summit
The much-speculated EU-China reset looks in trouble after both sides exchanged sharp accusations in the last few days. View on euronews …
China’s central bank throws weight behind new, emerging global currency system
China’s top monetary official said the global financial system is moving away from the US dollar, and China wants to push the renminbi into a more dominant role. Speaking on stage at a financial forum…
China’s central bank promotes blockchain and stablecoins as solution to payments
People’s Bank of China (PBoC) governor emphasized blockchain’s role and distributed ledgers for global payments at the Lujiazui Forum event.
Snakes in pants! Man caught smuggling over 100 live snakes; caught at China border
A man was apprehended at the Hong Kong-Shenzhen border for attempting to smuggle over 100 live snakes into mainland China. Customs officials discovere …
Xi Jinping Breaks Silence on Israel-Iran Conflict As China Warns Citizens
The Chinese leader said his country opposes “any act that infringes upon the sovereignty, security, and territorial integrity of other countries.” …
Oaktree co-founder Howard Marks calls on China to open up to foreign investors
Howard Marks, co-founder of $200bn alternatives manager Oaktree Capital Management, has called on China to open up more “asset classes” to foreign investors as he set out an upbeat view of the world’s …
Trump’s $499 ‘built in the U.S.’ smartphone will likely be made in China, analysts say, making it subject to his own tariff policy
The idea that [manufacturing] could be replicated in the U.S. in any sort of short- to medium-term timescale is fanciful,” one analyst said.
Alibaba-backed MiniMax mulls Hong Kong IPO – report
Chinese AI startup MiniMax is considering an IPO in Hong Kong, Bloomberg News reported. MiniMax, one of China’s so-called ‘new AI tigers or dragons which is valued at about $3B, could aim to list as…
Beijing’s reform could bring Hong Kong-listed Alibaba, Tencent to Shenzhen: HSBC
Regulators are keen to ‘deepen the reform and opening-up of Shenzhen’ through H to A listings, according to the bank’s analysts.
US Security Partner Receives Submarine Boost Against China’s Invasion Fleet
Submarines play a vital role in Taiwan’s defense by offering the possibility of countering a Chinese blockade of the democratic island in the event of war.
China’s central bank chief expects new currency order to challenge dollar
China’s central bank governor has said he expects a new global currency order to emerge after decades of dominance by the US dollar, with the renminbi competing in a “multi-polar international …
