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E-ZPass: New Jersey Turnpike Authority Faces Backlash After Dropping Local Firm for Foreign Entity with Alleged Ties to China’s Communist Party
Trenton, NJ – March 14, 2025 – A storm of controversy has erupted in New Jersey over the New Jersey Turnpike Authority’s decision to award a lucrative $1.73 billion contract to operate…
China’s Oppo to shut down chip design unit as smartphone sales slump
SHANGHAI (Reuters) – Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and the smartphone industry. The company, one of China’s best-selling…
China’s JD.com promotes finance chief to CEO role as Xu Lei resigns
(Reuters) -China’s e-commerce giant JD.com Inc said on Thursday its chief executive Xu Lei will step down, with the company’s chief financial officer taking on the role. Xu Lei, who has officially…
Yellen says G7 members looking at how to counter China’s ‘economic coercion’
By Andrea Shalal NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said many members of the Group of Seven advanced economies shared U.S. concerns about China’s use of “economic…
China’s fresh COVID wave raises concern of trading volume slowdown
SHANGHAI/SINGAPORE (Reuters) – A fresh wave of COVID-19 is spreading through China as people return from public holiday travel, reaching trading floors and raising concern of an impact to trading volume –…
China’s car sales rise 2.1% in April as price war effect fades
BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales rose by 2.1% in April from a month earlier, industry data showed, underscoring a slower pace of growth as the stimulus effect of price cuts…
China’s April iron ore imports up 5% y/y at 90.4 million tonnes
BEIJING (Reuters) – China’s imports of iron ore rose 5.1% in April from the same period the previous year, customs data showed on Tuesday, as buyers anticipated strong demand for the steelmaking…
Berkshire Hathaway sells $58.9 million worth of shares in China’s BYD
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.96 million Hong Kong-listed shares of electric vehicle maker BYD for HK$462.09 million ($58.9 million), a stock…
China’s Hozon to produce EVs in Thailand for Southeast Asian market
BANGKOK (Reuters) – China’s Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities…
Canada’s spy agency withheld information about China’s threats to lawmaker -PM Trudeau
By Ismail Shakil OTTAWA (Reuters) -Canada’s spy agency withheld information about Chinese threats against a Canadian lawmaker and his family in 2021, Prime Minister Justin Trudeau said on Wednesday, adding that he…
SUZANNE DOWNING: China’s Atrocities Are Out Of Sight, Out Of Mind For Democrats
SUZANNE DOWNING: China’s Atrocities Are Out Of Sight, Out Of Mind For Democrats Suzanne Downing on April 30, 2023 It wasn’t even a year ago that President Joe Biden declared a national electricity…
China’s Didi sees 2022 revenue hit by COVID, net loss narrows
BEIJING (Reuters) – Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown took a toll. …
China’s top banks post shrinking margins in Q1
By Ziyi Tang and Engen Tham SHANGHAI/BEIJING (Reuters) – Five of China’s largest lenders posted shrinking margins in the first quarter on Friday, as loan re-pricing bites. Borrowers are struggling to repay…
Yuan overtakes dollar to become most-used currency in China’s cross-border transactions
SHANGHAI (Reuters) – The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to…
More Countries Flock To China’s Anti-US Dollar Alliance Ahead Of Major Meeting
More Countries Flock To China’s Anti-US Dollar Alliance Ahead Of Major Meeting John Hugh DeMastri on April 24, 2023 Nearly twenty nations have expressed interest in joining the BRICS economic bloc, ahead…
China’s Guangdong Q1 GDP up 4.0% y/y – provincial statistics bureau
BEIJING (Reuters) – China’s Guangdong province posted a 4.0% gain in its first-quarter gross domestic product compared with a year earlier, according to the provincial statistics bureau on Sunday. (Reporting by Ryan…
China’s exports to North Korea rise sharply in March
BEIJING (Reuters) – China’s overall exports to North Korea in March rose sharply compared with the same month last year for the second month in a row, with the major export items…
China’s foreign minister: Both sides of the Taiwan Strait belong to China
SHANGHAI (Reuters) -China’s Foreign Minister Qin Gang said on Friday that both sides of the Taiwan Strait belong to China, and that it is right and proper for China to uphold its…
China’s Supersonic Spy Drone Unit May Be Fully Operational, Leaked Docs Show
China’s Supersonic Spy Drone Unit May Be Fully Operational, Leaked Docs Show Micaela Burrow on April 19, 2023 Leaked Pentagon intelligence indicates China may have established its first military unit tasked with…
China’s Changan Auto to invest $285 million in EV facility in Thailand
BANGKOK (Reuters) – Chinese auto maker Changan Auto will invest $285 million in a facility in Thailand to produce 100,000 electric vehicles (EVs) annually, Thailand’s Board of Investment said on Thursday. The…
J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast
(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 restrictions last December helped boost growth. J.P.Morgan…
Marketmind: China’s economy gathers pace but markets unimpressed
A look at the day ahead in European and global markets from Kevin Buckland China’s post-Covid recovery is firmly on track, according to a barrage of data on Tuesday. The economy expanded…
China’s March industrial output rises 3.9%; retail sales up 10.6%
BEIJING (Reuters) – China’s industrial output rose 3.9% in March year-on-year, official data showed on Tuesday, accelerating from a 2.4% increase in the first two months but missing expectations slightly amid a…
China’s Xpeng aims to cut costs with new vehicle manufacturing platform
SHANGHAI (Reuters) – China’s electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce the development and manufacturing costs for…
China’s PBOC set to inject fresh funds via medium-term policy loans -survey
SHANGHAI (Reuters) – China’s central bank is expected to inject more liquidity when rolling over maturing medium-term policy loans for a fifth straight month on Monday, while keeping the interest rate unchanged,…
China’s largest trade fair to re-open in full glory but mood could be sombre
By David Kirton and Ellen Zhang SHENZHEN, China (Reuters) – China’s largest trade expo, the sprawling Canton Fair, will be welcoming overseas attendees in person for the first time in three years…
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