Chinese electric vehicle upstart Xpeng is acquiring the smart EV assets of ride hailing giant Didi for $744 million, marking another significant alliance that the Tesla challenger has struck in recent months.
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Friends hold health concerns for Australian writer detained in China
Friends of detained Australian writer Yang Hengjun, put on trial in Beijing two years ago on undisclosed national security charges, say they fear for his health amid delays in a verdict in his case. Pro-democracy…
Industrial Metals Rise on Hopes China to Bolster Property Market
Base metals rose on the Shanghai Futures Exchange after China’s state-owned media said Beijing authorities are set to implement measures to bolster its stock and property markets.
China’s central bank conducts 332-bln-yuan reverse repos
BEIJING, Aug. 28 (Xinhua) — China’s central bank conducted 332 billion yuan (about 46.2 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday. The move aims to …
Markets rally on Powell comments, China boosted by duty cut
Shanghai and Hong Kong soared at the open following China’s decision to slash the tax paid on stock trades for the first time since 2008 as authorities battle to support the world’s second-largest economy. The…
Australia wants normalized trade ties with China — but only after all trade curbs are dropped
Canberra is in dialogue with Beijing to drop tariffs on Australian wine imports that were introduced in March 2021.
Japan says harassment calls from China regarding Fukushima water release extremely regrettable
Japan’s top government spokesman said on Monday it was extremely regrettable that there were many instances of harassment phone calls from China regarding the release of treated radioactive water from the Fukushima nuclear power plant…
China developer Evergrande plunges after resuming Hong Kong trading
Shares in troubled Chinese property giant Evergrande plummeted more than 80 percent in Hong Kong on Monday morning after the lifting of a 17-month trading suspension.In March 2022, the Hong Kong stock exchange suspended trading…
US commerce secretary kicks off visit to China
US Commerce Secretary Gina Raimondo is set to hold meetings with Chinese counterparts Monday on a trip to Beijing aimed at cooling trade tensions between the world’s two largest economies.- Trade tensions – Relations between…
Shenzhen launches direct flight to Barcelona
China’s Shenzhen Airlines on Sunday launched a direct flight route linking south China’s tech hub Shenzhen in Guangdong Province with Barcelona, Spain.
Chinese Stocks Rally After Beijing Moves to Boost Market
China’s stock market has been hurt this year by a faltering economy and a slumping property sector. Global investors have become sellers of Chinese shares, with outflows from Chinese domestic stocks …
China’s Debt Problm Could Trigger a Financial Crisis, Analyst Says
Charlene Chu, senior analyst at Autonomous Research, talks to Barron’s about China’s ailing economy, high debt, troubled real-estate market, and opaque banking system.
China Approves 37 Retail Funds to Help Revive Market
SHANGHAI (Reuters) – China’s securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock market struggling for lift-off in an ailing …