HONG KONG] For decades, Kelly Zong had been known as the only child to her late billionaire father, the founder of beverage empire Hangzhou Wahaha Group. His effort to groom her as a successor was…
Monthly Archives For July 2025
China says Wells Fargo banker ‘involved’ in criminal case
BEIJING] China said the case of a Wells Fargo banker blocked from leaving the country was related to a criminal matter, escalating an episode that already underscored global firms’ fears about …
China-backed hackers used Microsoft flaw in attacks, defenders say
Researchers say Chinese actors, along with other criminal hackers, exploited a security flaw in SharePoint software widely used by governments and businesses.
China needs to cut 2025 steel output to meet decarbonisation target, report says
China needs to cut steel output from the coal-powered blast furnace process by more than 90 million metric tons from 2024’s level to achieve its green steel target this year, researchers said in a …
Bloomberg and Huatai Securities: Navigating change in China’s financial markets
This year marks major milestones for two key players in China’s financial landscape: Bloomberg celebrates 30+ years in mainland China, while Huatai Securities marks 10 years since its Hong Kong …
China’s Rare Earth Magnet Exports To U.S. Surge After Trade Pact Eases Shipment Restrictions
China’s exports of rare earth magnets to the U.S. in June rose more than sevenfold from May, signaling a sharp rebound in supply, according to Reuters. China’s rare earth magnet exports rose 157.5% from May…
Chinese blockchain to launch yuan-backed stablecoin
Chinese blockchain developer Conflux has rolled out the third iteration of its public network and announced plans for a stablecoin pegged to the offshore …
Washington says China will not let US government employee leave the country
The U.S. State Department said on Monday that the Chinese government had blocked a U.S. Patent and Trademark Office employee visiting the Asian country in a personal capacity from leaving.
China rare earth magnet exports jump 158% after trade truce
Total cargoes of the magnets rose to 3,188 tons last month, according to Chinese data on Sunday, more than double volumes of 1,238 tons in May.
Chinese blockchain Conflux launching offshore yuan-backed stablecoin
Chinese blockchain firm Conflux debuts Conflux 3.0 alongside a new offshore yuan-backed stablecoin to facilitate Belt and Road transactions.
Trump, Xi aides discussed autumn US-China leaders’ meeting, sources say
Aides to Donald Trump and Chinese leader Xi Jinping have discussed a potential meeting between the leaders during a trip by the U.S. president to Asia later this year, according to two people familiar …
Meta, Microsoft, Amazon, Alphabet Questioned By US Lawmakers On Safeguards For Undersea Cables Amid China, Russia Concerns
The letter was signed by Representative John Moolenaar, who chairs a House committee focused on China, along with two other Republicans.
Lawmakers want US tech CEOs to address concerns about submarine cables
Three Republican House lawmakers on Monday asked the CEOs of Alphabet, Facebook-parent Meta, Amazon.com and Microsoft if the tech firms have adopted adequate safeguards to address growing concerns …
