Chinese lithium giants Ganfeng and Tianqi warned investors on Tuesday that their profits are plunging by up to 80 percent as the demand for electric vehicle (EV) batteries weakened, producing a glut of lithium that drove prices down. Ganfeng posted … Read More
China Evergrande — the world’s most indebted property developer — received a liquidation order from a Hong Kong court on Monday, but there may be little left to recover, said experts. The order came more than two years after Evergrande … Read More
SHANGHAI/BEIJING, Jan 22 (Reuters) – China’s major state-owned banks moved to support the yuan on Monday, tightening liquidity in the offshore foreign exchange market while actively selling U.S. dollars onshore as equities slid, four sources with knowledge of the matter … Read More
an 19 (Reuters) – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate … Read More
China logged an unprecedented foreign direct investment deficit last quarter in the latest sign that Beijing is facing an almighty battle to revive the world’s second-largest economy after years of harsh zero-COVID lockdowns. Balance-of-payments data published by the State Administration … Read More
Some nations targeting Chinese population for ‘ulterior motives’, Ministry of State Security says on official WeChat account without offering details While some call it ‘science fiction’, advanced DNA sequencing, genetic data and AI may make ‘ethnic bioweapons’ a reality, researchers … Read More
A Chinese fighter jet flew within a critically close distance of a U.S. bomber aircraft, prompting anger from military officials. The Chinese Shenyang J-11 rapidly approached the US B-52 bomber on Tuesday over the South China Sea and came within … Read More
Take a close look at a video of Sunday’s “collision” between a Philippine coastguard ship and a Chinese maritime militia vessel in the South China Sea. As the stern of one bumps the deck of the other, right in the … Read More
China imposed sanctions on two U.S. defense companies over arms deals with Taiwan. Foreign Ministry spokesman Mao Ning announced on Friday that it sanctioned Northrop Grumman and Lockheed Martin under the Anti-Foreign Sanctions Law of the People’s Republic of China, … Read More
Sept 6 (Reuters) – China ordered officials at central government agencies not to use Apple’s iPhones and other foreign-branded devices for work or bring them into the office, the Wall Street Journal reported on Wednesday, citing people familiar with the … Read More