“There’s still huge demand in the Russian market but that won’t necessarily be solely reliant on imports,” Xu said. “China’s auto exports to Russia will still be in high demand over next 2-3 years and…
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Western sanctions to sustain surge in China auto exports to Russia-CAAM
Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
Alibaba’s stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit’s spin-off …
Nine injured after Air China engine fire prompts evacuation on runway
An Air China flight with more than 150 people onboard was forced to make an emergency landing at its Singapore destination of Changi airport after one of its engines caught fire, officials said.
Italian PM: Strong partnership with China more important than BRI
Prime Minister Giorgia Meloni said on Sunday there was more to Italy’s relationship with China than the Belt and Road Initiative (BRI), adding that a final decision on whether to leave the BRI was still…
China’s yuan: financial regulators vow to stem speculation, not hesitate after currency slid to 16-year low against US dollar
China’s financial regulators on Monday vowed to take action after China’s yuan fell to a 16-year low against the US dollar last week.
US Cosmetics Giant Estée Lauder Invests in Chinese Beauty Brand Codemint
Codemint is owned by Hangzhou Jianfa Meixue Technology, founded by internet celebrity Grace Chow, according to corporate information platform Tianyancha. Chow holds a direct stake in Jianfa Meixue of …
China Is a Challenge Not a Foe, Says British Trade Minister
LONDON (Reuters) – China should not be described as a foe, but as a “challenge”, British business and trade minister Kemi Badenoch said on Monday, amid concerns over possible Chinese interference in …
Lingering rains from typhoon batter China for seventh day
BEIJING (Reuters) -Residual rains from former typhoon Haikui, now a tropical storm, drenched southern China for the seventh day as slow-moving storm clouds drifted from Guangdong on the coast to …
Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle.
China says to curb ‘disruption’ in currency market
China’s central bank said on Monday it would crack down on speculation that distorts the value of the yuan as the country’s currency sees persistent volatility.The bank added that “although the …
China accuses UK of ‘slander’ over arrest of parliamentary researcher on suspicion of spying
Response comes after Westminster researcher with links to senior Conservatives and potential access to sensitive information was arrested …
US, Vietnam warn against ‘threat or use of force’ in South China Sea
The United States and Vietnam warned on Monday against the “threat or use of force” in the disputed South China Sea, days after the latest clash involving Chinese vessels.China deploys hundreds of …
Marketmind: China’s Weak Property Stocks Set the Pace
Country Garden, China’s biggest private developer, added to pressure on the sector at the centre of the country’s economic woes as it faces a new round of voting by creditors – the third this month…
