Analysts have lowered their 2024 oil price outlook due to weak fuel demand from leading importer China and rising inventory levels as Saudi Arabia and OPEC+ allies prepare to ease some output cuts …
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China to apply tariff rates agreed in FTA early harvest arrangement on certain imports from Honduras
BEIJING — China will apply tariff rates agreed in an early harvest arrangement for the bilateral free trade agreement signed with Honduras on some imported products from the latter, the Customs …
China’s int’l trade in goods, services up 12 pct in July
BEIJING, Aug. 30 (Xinhua) — The value of China’s international trade in goods and services reached approximately 4.24 trillion yuan in July 2024, marking an increase of 12 percent year on year, …
PwC, a ‘Big 4’ auditing firm, is reportedly bracing for a 6-month ban in China
A PwC China spokesperson said it was not appropriate to comment … Recommended reading: In our new special issue, a Wall Street legend gets a radical makeover, a tale of crypto iniquity, misbehaving poultry royalty,…
Baidu-backed Chinese autonomous trucking firm expects to be profitable in 2025
By Qiaoyi Li and Kevin Krolicki BEIJING (Reuters) -Chinese autonomous driving startup CiDi expects to turn profitable next year with its offering of software and services focused on mining and factory …
China and Russia to Expand Scientific Cooperation in Arctic: Report
The plan for more Arctic ties with strategic ally Russia comes as China sends record number of icebreakers and engages in potential dual-use military research.
China’s ICBC Plans First Interim Dividend as Profit Falls
Industrial & Commercial Bank of China Ltd. announced its first ever interim dividend even as the nation’s largest bank battles falling profits and record low margins.
China’s market regulator says e-commerce giant Alibaba has completed three-year ‘rectification’ period
China’s State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three years “rectification” following a fine levied in 2021 for monopolistic behaviour …
Why Companies Are Exiting China And What Leaders Can Do About It
Political tensions, cybersecurity, and rule-of-law concerns are driving decisions. IBM, the latest China casualty, announced they are shutting down their R&D facility.
China’s mortgage loans fall, property development loans rise
China’s mortgage loans dropped further at the end of June while property development loans picked up, central bank data showed on Friday, as authorities seeks to put a floor under the struggling real estate sector.
Nippon Steel Calls for Japanese Tariffs on China’s Exports
The Japanese government needs to impose an anti-dumping tariff on Chinese steel exports to protect the domestic industry, said Nippon Steel Corp., the world’s fourth largest steelmaker.
President Mnangagwa Tours BYD Auto in Shenzhen, China, as Part of FOCAC 2024 Initiatives
Online Writer Shenzhen, China— President Emmerson Mnangagwa has visited BYD Auto, a leading manufacturer of new energy vehicles, during his tour of China ahead of the Forum on China-Africa Cooperation …
China’s top airlines post losses, hit by slow international travel and domestic oversupply
China’s leading state-owned airlines posted losses in the first half of the year, weighed down by a slower-than-expected international travel rebound, domestic oversupply and more intense competition …
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