02:21 China’s EV drive in Cuba reshapes Havana’s roads China … Hozon filed a listing application with the Hong Kong stock exchange and said it would use the proceeds from its IPO to quicken the…
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IBM Shuts China R&D Operations in Latest Retreat by U.S. Companies
IBM is shutting down its China research and development department, the latest retreat from the country by top U.S. technology companies. The company is moving its China R&D functions to other …
Malaysia Warship Sinks in Mishap in South China Sea
A Malaysian warship has sunk in the South China Sea near its southern coast after suffering “severe flooding” caused by leaks on Sunday, the country’s naval service announced.
IBM to close China R&D department, affecting over 1,000 jobs, Yicai reports
IBM will completely shutter its China R&D, with resulting layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday, citing a statement from the company.
Belgium’s UCB to sell China neurology and allergy business for $680 mln
UCB, a Belgian biopharmaceutical firm, said on Monday that it will sell its Chinese neurology and allergy business to asset management group CBC and Abu Dhabhi’s Mubadala for $680 million.
China’s Budget Spending Shrinks as Land Sales Suffer Record Fall
China’s broad budget expenditure contracted and income from land sales for local governments fell at a record pace, a sign of fiscal weakness that may further increase calls on Beijing to add stimulus …
China is conducting military patrols near the Myanmar border as civil war rages on the other side
China’s military is carrying out armed patrols near the Myanmar border this week, where the government is concerned about potential fallout from fierce fighting in a civil war on the other side.
China Mobile Backs Honor with Strategic Investment
Chinese smartphone maker Honor has announced an investment from China Mobile’s parent company as it prepares for an initial public offering (IPO). The investment amount remains undisclosed. Formerly a …
European farmers caught in crossfire of EU-China trade war as Beijing targets dairy
When he went to Beijing earlier this year, former EU agriculture commissioner Janusz Wojciechowski begged Chinese counterparts not to drag farmers into the row over EVs. “My intention is to do everything which is possible…
China slams U.S. for adding firms to export control list over alleged support for Russian military
China on Sunday vowed action against a U.S. move to place some Chinese firms on its export control list. A China’s Ministry of Commerce spokesperson said the U.S. move “undermines the international trade order and…
Tesla’s Optimus faces stiff humanoid competition at Beijing robot conference
While Chinese companies last week showed off humanlike robots playing the zither or grabbing sodas, Tesla displayed its Optimus humanoid inside a clear box, next to its cars. The World Robot Conference that began Wednesday…
Participants of cross-Strait journalism camp visit Great Wall in Beijing
Participants of a cross-Strait journalism camp pose for a photo at Mutianyu section of the Great Wall in Beijing, capital of China, Aug. 25, 2024. A cross-Strait journalism camp for university students opened on Tuesday…
China Fines Seven Companies Over Tainted Cooking Oil Scandal
China has fined seven companies for their involvement in a tainted cooking oil scandal that caused a nationwide uproar over food safety last month.
