Steel producers in China face a double-whammy of mounting overseas tariffs and weakened domestic demand at home.
BUSINESS
China’s appetite for thermal coal driving up imports, prices
China is adding renewable energies such as wind and solar to its electricity grid at a record pace, but it is also boosting the use of coal-fired generation, with September data showing a sharp …
Horizon Robotics Officially Lists on the Hong Kong Stock Exchange
Horizon Robotics is a key enabler for the smart vehicle transformation and commercialization with its integrated solutions deployed on mass scale. According to data from CIC (China Insights Consultancy),
Americans Who Want to Do Business in China Need to Meet This Man
He Lifeng has a direct line to President Xi Jinping and is a gatekeeper to the world’s second-largest economy.
Pulp Giant Suzano Sees Business in Top Buyer China Bottoming Out
Suzano SA, the world’s largest pulp supplier, said the “most challenging scenario ever” in top importer China is showing some signs of stabilization after further eroding in the third quarter.
China going after down-ballot races: report reveals which lawmakers are in their crosshairs
U.S. adversaries are ramping up their election interference efforts, and China is going after anti-CCP down-ballot Republicans, according to a new report by Microsoft.
China Gold Imports Slump as New Tax Rule Looms
Gold traders divert shipments from China as proposed customs rule threatens hefty new taxes on imports. September volumes hit 6-month low. Peru copper supplies at risk …
Hong Kong IPO Swells China Software Tycoon’s Fortune to $1 Billion
Shares of his company Horizon Robotics Inc., which debuted in Hong Kong on Thursday, rose more than 30% in early trading, lifting the machine learning expert’s fortune to as much as $1.2 billion, …
Hong Kong IPO Swells China Software Tycoon’s Fortune to $1 Billion
Shares of his company Horizon Robotics Inc., which debuted in Hong Kong on Thursday, rose more than 30% in early trading, lifting the machine learning expert’s fortune to as much as $1.2 billion, …
HKEX posts best third-quarter earnings since 2021 on China stimulus, 15 IPOs; Morningstar keeps HK$300 fair value
HKEX reported its best third-quarter earnings in three years on Oct 23, with net profit up 7% y-o-y to HK$3.15 billion in 3QFY2024 ended Sept 30.
Global food giants deepen price cuts to tempt China’s wary shoppers
International companies such as Danone and Nestle have deepened price cuts or are seeking to boost online shopping volumes to win over China’s increasingly reluctant customers, executives said.
CATL, China’s king of EV batteries, unveils new product for hybrid cars amid rising demand
Freevoy battery offers 400km of driving range before resorting to the fuel tank, twice the current ‘normal’ capability, CATL says.
China advances probe into PVH Corp
China is advancing the probe into PVH Corp, an American clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, under the unreliable entity list framework, the Ministry of Commerce …
