Another notable gainer is Zhu Yi, chairman of Biokin Pharmaceutical, whose net worth more than doubled to $8.2 billion. The company’s subsidiary, SystImmune, signed an $8.4 billion deal last year with …
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China’s central bank pauses gold purchases for sixth straight month
China’s central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official data released on Thursday. China’s gold holdings stood at 72.8 …
AP explains: Beijing prepares for friction with Washington after Trump victory
Trade and the self-ruled island of Taiwan are among the issues predicted to bring friction to the relationship between Chinese leadership and the administration of President-elect Donald Trump.
Pharma giant AstraZeneca says China chief detained
Join YEN’s Sports News channel on WhatsApp now!Pharmaceutical giant AstraZeneca said Thursday that the head of its China operations had been detained, after reports the firm was under investigation …
China-U.S. talks on critical issues under threat as new Trump era looms
U.S. President-elect Donald Trump inherits a United States-China relationship reset by presidents Joe Biden and Xi Jinping over the last year to lift ties off a diplomatic nadir after COVID-19 and …
Threat for India as China gets ready to launch HQ-19 missile defence system, is it better than THAAD of US, Russian’s S-400? It can….
The HQ-19 anti-ballistic missile defense system is expected to offer China a robust shield against ballistic missile threats. According to U.S. Department of Defense assessments, China has been …
China to steadily push forward financial opening-up: central bank
BEIJING – China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, …
China’s trade data for October shows a jump in exports
China’s trade surplus jumped to $95.27B in October 2024 from $56.13B in the same period a year earlier, surpassing expectations of $75.1B. It was the largest trade surplus since June, mainly due to a jump…
China’s Commodities Imports Resilient as Markets Eye Stimulus
Chinese raw materials imports mostly rose year-on-year in October, according to customs data released Thursday, as demand remained resilient despite a slowing economy.
Dell opens AI centre in Shenzhen as PC maker shows commitment to China
Dell’s new AI Smart Solutions Centre comes one year after reports that it would be reducing its reliance on China.
Chinese exports soar as Beijing braces for Trump trade tensions
Bumper export figures are expected to inflame tensions between the incoming administration and Beijing, which could respond to new tariffs with bigger stimulus action.
China’s central bank head pledges to support economic recovery
BEIJING: China will continue to implement a supportive monetary policy to help promote sustained economic recovery, Pan Gongsheng, governor of the People’s Bank of China, said in remarks published on …
Trump win casts fresh doubts over Wall Street’s China strategy
As a result of Trump’s return to the White House, the firm now focuses on making its China business a “self-sustained” independent operating unit, said the executive, declining to be named due to the …
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