China is reportedly set to review and possibly approve the issuance of Yuan stablecoins to boost global adoption and compete with the dollar.
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New Chinese car brand Xiaomi expected to launch in Europe by 2027
Xiaomi (pronounced shau-mi) is expected to launch electric vehicle sales in Europe by 2027 following the launch its its YU7 luxury SUV. The Beijing-based business is better known as the third largest …
Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of …
Shein Hong Kong IPO with HQ move to China ‘looks likely’
Shein Group is reportedly seeking China’s approval to have an initial public offering (IPO) in Hong Kong and a potential HQ in China.
Sales of foreign-branded phones in China down 31.3% in June, data shows
Sales of foreign-branded phones, including Apple Inc’s iPhone, declined 31.3% year-on-year in China in June, according to Reuters’ calculations based on data released on Wednesday by a government-affiliated research firm.
China snaps up Russian oil as Indian demand drops following Trump tariffs
Chinese refineries have moved to secure Russian oil shipments as demand from India for Moscow’s crude drops amid threats of President Donald Trump’s tariffs.
China’s July fuel oil imports climb to seven-month high
China’s fuel oil imports rose further in July, hitting their highest in seven months, customs data showed on Wednesday.
Why is the US sparing China, but not India, for importing Russian oil?
As the largest purchaser of Russian oil, China imported a record 109 million tonnes of this product last year, representing nearly 20 percent of its total energy imports, Chinese customs data showed.
China keeps up Russian oil purchases as Indian demand falls, say analysts
While Indian state refiners have paused Russian oil purchases in the wake of US tariffs, Chinese refineries have continued to buy Russian oil under encouragement from the Trump administration.
China Eases Export Curbs, But India’s Self-Reliance Key Against Trade Deficit: GTRI
China eased export restrictions on certain goods to India, a positive but insufficient step. India’s trade deficit with China hit $100 billion, exacerbated by reliance on Chinese imports for key …
China’s oil imports from Russia up in July; no US shipments, no Trump tariff yet
China’s July crude imports remained strong despite slower shipments from June, as refineries continued to operate at high capacity.
China’s rare earth magnet exports touch six-month high as export curbs stay relaxed
Germany remained the leading destination, importing 1,116 tons (a 46% increase M/M), while U.S. imports of Chinese rare earth magnets reached 619 tons, surging by 75.5% from June and exceeding last …
Shein IPO snags put China-goes-global on notice
The fast-fashion group moved to Singapore to look more international but couldn’t secure a public debut abroad. So Shein might now return to the mainland to facilitate a Hong Kong listing. It’s a …
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