AI firm DeepSeek is aiding China’s military and intelligence operations, a senior U.S. official told Reuters, adding that the Chinese tech startup sought to use Southeast Asian shell companies to …
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China’s Mainland-Hong Kong Payment System Launch Sparks Fintech Stock Rally
The People’s Bank of China and the HKMA launched the Payment Connect yesterday, according to the HKMA’s recent press release. The system links the mainland’s Internet Banking Payment System (IBPS) …
Northern China and Beijing hit with intense heatwave
Beijing and multiple regions across northern China are battling with intense heatwaves this week, triggering meteorological authorities to issue orange high-temperature alerts as temperatures soar …
China Voices Concern About Impact of Conflict on Shipping
China’s Foreign Ministry called for greater efforts to maintain stability in the critical shipping lanes of the Persian Gulf, and said Beijing was in touch with Iran about the ongoing conflict. The Strait of Hormuz,
China Asks State-Owned Developers to Avoid Public Debt Defaults
China has introduced a requirement for state-owned developers to avoid defaulting on publicly issued debt, in the latest attempt by authorities to contain the nation’s prolonged property crisis.
Chinese mainland, HK launch Payment Connect, with first real-time cross-boundary transaction done in Shenzhen
The Payment Connect was officially launched between the Chinese mainland and Hong Kong on Sunday. It marks the interconnection of the faster payment system between the Chinese mainland and tSAR), …
China Land Sales Income Hits Decade Low, Widening Budget Deficit
China’s revenue from selling land plunged to the lowest in a decade, contributing to the widening of budget deficit as the government ramped up spending in support of the economy.
China’s Hellobike sets up new robotaxi firm with Ant Group, CATL
China’s bike-sharing platform Hellobike announced on Monday the setup of a new robotaxi firm jointly with Ant Group and CATL. The three parties have invested over 3 billion yuan ($417.40 million) in …
China says US attack on Iran has damaged its credibility
China said the United States attack on Iran’s nuclear facilities has damaged its credibility and it was concerned that the situation “may go out of control”, its state broadcaster reported, following …
Beijing’s magnet grip: bureacracy and power in rare earth showdown
In a hulking grey building just east of Tiananmen square in Beijing, a small team in China’s Ministry of Commerce is deciding the fate of the global auto industry, one rare …
Secretary Rubio: I Would Encourage Beijing To Ask Iran Not To Close Strait Of Hormuz
Secretary of State Marco Rubio advised China, during an interview with FNC’s Maria Bartiromo, to call the Iranians and beg them not to shut down the flow of oil through the Strait of Hormuz. MARIA…
U.S. calls on China to prevent Iran from closing Strait of Hormuz and disrupting global oil flows
Iran’s foreign minister warned earlier Sunday that the Islamic Republic “reserves all options to defend its sovereignty” after U.S. airstrikes.
US urges China to dissuade Iran from closing Strait of Hormuz
U.S. Secretary of State Marco Rubio on Sunday called on China to encourage Iran to not shut down the Strait of Hormuz after Washington carried out strikes on Iranian nuclear sites.
