China’s buying of oil from overseas slumped to the lowest in more than eight years last month as the Iran war crimped supply and Beijing held off scrambling for replacement barrels.
Tagged By blockchain
CNBC Daily Open: Tim Cook’s last WWDC, tech IPOs and Middle East tensions
Tensions in the Middle East still continue to simmer as Israeli Prime Minister Benjamin Netanyahu warned the war “has not yet ended” …
US technology giant seeks to become leader in China
U.S. technology giant Advanced Micro Devices may become the preferred U.S. chip provider for China. Amid growing technology competition between the U.S. and China, AMD CEO and president Lisa Su has …
China’s export surge tops forecasts as AI propels trade boom
China’s exports and imports expanded at a faster pace in May, topping forecasts as booming demand for artificial intelligence hardware offsets disruptions from the war in Iran.
China’s exports gain momentum; import growth picks up
China’s export growth accelerated in May, offering a vital lifeline to an economy otherwise bogged down by a persistent domestic slowdown.
China trade defies Iran war drag as exports, imports beat estimates in May
Exports rose 19.4% from a year earlier in U.S. dollar value terms, accelerating from the 14.1% gain in April. Imports growth momentum continued to build, expanding 27.4% in May, the outpacing from …
Management of Oatly’s China Business Is Said to Consider Buyout
Executives overseeing Oatly Group AB’s Chinese operations are considering buying out the business, people familiar with the situation said.
China is building a nuclear reactor small enough to ride on a truck
China says it is testing a prototype nuclear power system designed to be mounted on a truck — a 10-megawatt unit that researchers describe as a mobile source of long-lasting electricity for places …
How China’s ‘Hefei model’ spawned a chipmaker’s multibillion-dollar IPO plan
City government has leveraged over 220 billion yuan in state-owned capital to drive project investment in emerging industrial clusters.
SpaceX Reportedly Locks Hong Kong, China Out Of Record IPO Citing Arms Rules
Elon Musk’s SpaceX is days away from the biggest IPO ever, but the deal will reportedly happen without one major source of capital: investors in Hong Kong and mainland China. Underwriters on the $75 …
How China’s fastest-growing brands just landed in the US
China’s biggest food and drink chains aren’t just dominating Asia — they’re now opening in the United States. Luckin Coffee, Chagee, and Mixue are expanding with prices, speed, and tech that American …
China discovers quartz source that can be refined to 99.9% purity, could cut US reliance
China’s efforts to secure a key material for solar panels and semiconductors have taken …
China’s LNG Imports Hit Highest Point Since Iran War Began
China’s LNG imports have jumped to their highest since the Iran war started, as Chinese buyers ramp up to replace lost Qatari supply ahead of peak summer demand.