China’s oil demand is forecast to register meaningful growth from the second quarter as COVID infections begin to wane in bigger cities and as mobility returns to normal levels.
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Former CCP official apologies for ‘grave losses’ as a result of supporting crypto miner: Report
Xiao Yi addressing an interviewer. Source: China News Service, YouTube According to a report from the state-run news agency, Xiao instructed Jiumu Group Genesis Technology — a local crypto mining …
Crypto exchange Huobi to lay off 20% of staff as industry reels from FTX collapse
Justin Sun, a Huobi advisory board member, said the crypto exchange plans to reduce its global headcount by about 20%.
iPhone exports show shift from China production
Tech giant exported more than €2.3bn of iPhones from India from April to December last year, nearly twice the previous year’s total …
Daily on Energy: To counter China, solar makers see promise in silicon rival cadmium telluride
Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what’s going on in Washington. SUBSCRIBE NOW: Just $1.00 …
Alibaba’s Ant Could Be Marching Toward An IPO, CNY’s Remarkable Ghost Rally
Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though he still has a significant economic interest in the company.
China: Timing of recovery is a big question mark
China has drastically eased its Covid-19 measures. Both domestic mobility and international traffic should increase in 2023. But the question is in …
China Issues Massive Oil Import Quotas As It Reopens Borders
China’s oil demand looks set to rebound this year as the country has issued a massive batch of import allowances for its independent refiners …
China Finds Replacement For Russian Coal
China announced an increase in its own coal production, as well as the restoration of supplies from Australia, writes Reuters. The export of Russian coal, according to the news agency, is complicated …
China’s Opaque Decision-Making Confounds Business, Governments
Foreign officials and executives struggle to predict Beijing’s moves in what has become an impenetrable process as Xi Jinping has accumulated more power.
China’s zero-Covid policy ends and marks a positive signal for beauty brands
China signals it is softening its strict zero-Covid policy. Chinese people in tier 1 cities are no longer required to perform daily Covid tests. China authorities finally announced to relax its travel …
Ire over Tesla’s surprise China price cuts highlights challenge for premium EV brands as consumers tighten budgets
The ire over the US carmaker’s sudden price change indicates that sales growth will be difficult for premium brands this year, an analyst says.
Honda’s JV with GAC ends production of Acura brand in China
Chinese carmaker Guangzhou Automobile Group (GAC) said on Monday its joint venture with Honda Motor is no longer producing or selling products under the Japanese firm’s premium Acura brand. GAC will …
