Shenzhen, China’s technological epicenter, witnessed the first digital economy conference and the announcement of a $10 billion Yuan Asset Web 3.0 Fund.
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Huawei and Xiaomi launch new EV models in China, reigniting worries about price wars in the world’s largest EV market
New EV models with advanced features are piling the pressure on the laggards in China’s car market, the world’s biggest, where around 200 manufacturers could renew a price war in the coming months in …
Ucore Comments on China’s Ban on the Export of Rare Earth Technology
China announced a ban on the export of technology to produce rare earth permanent magnets on December 21, 2023, and confirmed its existing ban on …
$2.2 Billion Illegal Forex Operation Busted by Chinese Authorities Using Crypto Platforms
Chinese authorities have dismantled an underground bank that moved some $2.2 billion between China and other countries using crypto.
Russia exports almost all its oil to China and India – Novak
Half of Russia’s oil and petroleum exports in 2023 will have gone to China while India’s share has risen in two years to 40%, Russia’s state news agencies cited Deputy Prime Minister Alexander Novak …
‘Get bolder, please’: China’s economic powerhouses go all out to lift exports amid Beijing’s urge for more responsibilities
Chinese exporters are aiming higher with future economic growth targets as Beijing urges them to take on bigger responsibilities.
Russia Says Redirected Most Oil Exports To China, India
Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak said Wednesday, almost two years after Moscow was hit by Western sanctions over the Ukraine …
China, India split almost all Russian oil and petroleum exports in 2023 as Europe took just about 5%
Russia had already started to forge ties with Asia-Pacific countries before the West introduced sanctions against Moscow following the start of the conflict in Ukraine in February 2022 …
Import-reliant China makes rubber extraction innovation amid rising demand from car industry
China imports more than 80 per cent of the natural rubber it needs each year, but is out to strengthen its domestic supply chains amid surging demand from its rapidly-growing automotive industry.
Beijing exchange’s IPO volumes weather China’s stock market storm as investors bet on policy tailwinds
Beijing Stock Exchange saw a 13 per cent drop in IPO volumes versus the near halving at the Shanghai bourse and with Shenzhen market volumes down a third from 2022 The China Securities Regulatory …
China’s BYD to overtake Tesla as leading EV maker
Chinese carmaker BYD is on the verge of outpacing Tesla as the top global seller of fully electric vehicles (EVs). This shift, likely to happen in the current quarter, marks a pivotal moment in the…
Crypto ‘trading platforms’ were part of $2.2B illegal Chinese forex ring: Report
Chinese foreign exchange police have busted an underground banking syndicate offering illicit forex services via cryptocurrencies.
Half of Russia’s 2023 oil and petroleum exports went to China – Russia’s Novak
Half of Russia’s oil and petroleum exports in 2023 will have gone to China while India’s share has risen in two years to 40%, Russia’s state news agencies cited Deputy Prime Minister Alexander Novak …