Chinese imports of oil from Saudi Arabia under term contracts is set to soar in September despite the Kingdom’s production cut.
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BYD calls on China automakers to unite, ‘demolish the old’ in global push
In July, the industry group representing China’s automakers retracted a pledge to avoid “abnormal pricing” brokered between 16 automakers, including BYD. The China Association of Auto Manufacturers …
China’s GAC Is Said to Plan New Models to Vie for Russians’ Favor
(Yicai) Aug. 11 — GAC Group, a Chinese automaker that owns brands such as Trumpchi, Aion, and Hycan, is developing new models to target Russia which imports most of its foreign cars from China, …
China claims to have exposed CIA espionage case after arrest of alleged agent
The changes “have raised legitimate concerns about conducting certain routine business activities, which now risk being considered espionage”, wrote Craig Allen, president of the US-China Business Council, in a recent blog. “Confidence in China’s market…
China-Mongolia border port sees surging trade volume in Jan-July
The Erenhot port now serves 69 China-Europe freight train routes, connecting over 60 overseas destinations across more than 10 countries. As of July 30, the port had handled 1,800 trips of …
China drugmakers axe IPO plans as they face scrutiny in anti-graft drive
A growing number of healthcare companies in China are shelving their initial public offering (IPO) plans as its stock exchanges have stepped up scrutiny of the pharmaceutical industry’s business …
Huobi grapples with rumours of employee arrests, insolvency and fraud in roller coaster week for crypto world
The torrent of allegations has triggered a roller-coaster ride in the crypto market over the past week, as the company remains committed to applying for a retail licence in Hong Kong.
‘Blatant economic coercion’: China slams Biden’s order limiting U.S. overseas tech investment
“This seriously deviates from the market economy and fair competition principles that the U.S. has always advocated,” the Chinese Ministry of Commerce said.
Biden Walks a China Tech Tightrope
China needs more foreign investment as its economy slows and its industrial policy fails to deliver faster growth. Mr. Biden’s order won’t block businesses from investing in China for the most part, …
Tech investors face ‘new era’ of China restrictions after Biden order limits funding in A.I., chips
Following President Biden’s executive order to limit tech investments in China, venture capitalists will have even less exposure to the world’s No. 2 economy.
China’s Economic Shocks Have Thrown the World Off Balance
The world was said to be on the cusp of an unusually synchronized expansion. Few people still spoke of a jobless recovery in America, and China, after some rare stumbles, appeared to be returning to…
Chinese police to crack down on crypto and deepfake AI
During a press conference hosted by China’s Ministry of Public Security on Aug. 10, Jinfeng Sun, political commissar of the Network Security Bureau, said there had been a spree of incidents involving …
China has a deflation dilemma – Is there a way out?
The recent stirrings in the economic cauldron have all eyes on China, as the nation navigates its way through a troubling deflationary period. With the world’s second-largest economy seemingly …
