[the_ad id="1125697"]
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 largest policy bank to boost infrastructure loans to local govts
BEIJING (Reuters) – The China Development Bank (CDB) said on Thursday it will increase the number of infrastructure loans it gives to local governments, while prioritising the needs of major economic provinces.…
China’s Xpeng says CATL is no longer its largest battery supplier
SHANGHAI (Reuters) – Xpeng has diversified its battery suppliers and no longer counts industry giant CATL as its primary supplier, the Chinese electric car maker’s president said on Wednesday. The disclosure by…
China’s Nio takes on BMW, Mercedes in home market with flexible battery plan
SHANGHAI (Reuters) – Chinese electric-car startup Nio is looking to grab a share of Europe’s growing market for electric vehicles by rolling out a battery leasing and swapping network to cut costs…
Explainer-What’s inside China’s toolbox to rein in excess yuan weakness?
SHANGHAI (Reuters) – China’s yuan is facing renewed downward pressure, dragged lower by a surging U.S. dollar, a hawkish Federal Reserve and widening monetary policy divergence between the world’s two largest economies.…
Pacific islands a key U.S. military buffer to China’s ambitions – report
By Kirsty Needham SYDNEY (Reuters) – China sees the Pacific islands as an area of significant strategic interest and the United States should strengthen its commitment to north Pacific island states, now…
China’s Aug coal imports from Russia, Indonesia soar as heatwave spurs power use
SINGAPORE (Reuters) -China’s coal imports from Russia rose in August, exceeding last month’s level and hitting the highest in at least five years, as power utilities in the world’s biggest coal consumer…
China’s Chengdu says to gradually return to normal after COVID lockdown
BEIJING (Reuters) – The southwestern Chinese city of Chengdu will resume production and life “in an orderly manner” from Monday following more than two weeks of COVID-19 lockdowns and other strict curbs,…
China’s August gasoline exports nearly double from a year ago
BEIJING (Reuters) – China’s August gasoline exports rose 97.4% from a year earlier, customs data showed on Sunday, as refiners took advantage of fresh export quotas amid faltering domestic demand. Gasoline shipments…
JPMorgan reduces credit to China’s Tsingshan and metal clients globally
By Eric Onstad, Pratima Desai and Peter Hobson LONDON (Reuters) – JPMorgan Chase & Co has reduced lending to China’s Tsingshan, one of the world’s top nickel producers, while also paring back…
China’s top legislator hopes to strengthen cooperation with S.Korea on supply chains
SEOUL (Reuters) – China’s top legislator Li Zhanshu said on Friday he hopes to further strengthen cooperation with South Korea on supply chains, after meeting with South Korean parliament speaker Kim Jin-pyo…
EU lawmakers condemn China’s live-fire exercises in Taiwan Strait
BRUSSELS (Reuters) -Members of the European Parliament backed a resolution on Thursday that condemned China’s live-fire military exercises in the Taiwan Strait and called for closer ties between the European Union and…
Tracking China’s slowdown
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Another day, another surge in U.S. bonds yields, and another sell-off on global markets. On top of that,…
Thailand’s WHA, China’s BYD to announce plans for EV plant in Thailand
SHANGHAI (Reuters) -WHA Group, the Thai industrial estate developer, said on Tuesday that it and China’s BYD are set to announce plans for an electric vehicle (EV) manufacturing facility in Thailand. The…
Earthquake in China’s Sichuan kills more than 40, shakes provincial capital
BEIJING (Reuters) – A magnitude 6.8 earthquake struck China’s Sichuan province on Monday, the strongest to hit the region since 2017, killing more than 40 people and shaking the provincial capital of…
China’s trade likely lost steam in Aug as demand shrinks – Reuters poll
BEIJING (Reuters) – China’s export growth likely lost steam in August amid weakening global demand, while imports were also seen slowing due to sluggish consumption and a property crisis, raising concerns about…
JPMorgan cuts China’s 2022 growth estimate to 3.0% from 3.2%
LONDON (Reuters) – JPMorgan on Friday cut its forecast for China’s economic growth for this year and next, against a backdrop of prolonged weakness in the housing sector and a resurgence of…
Berkshire trims stake in China’s BYD with 1.72 million H share sale -filing
SHANGHAI (Reuters) – Berkshire Hathaway Inc, the investment firm owned by Warren Buffett, has sold 1.72 million Hong Kong-listed shares of electric vehicle maker BYD for HK$450.83 million ($57 million), according to…
China’s August factory activity shrinks as orders weaken – Caixin PMI
BEIJING (Reuters) – China’s factory activity contracted for the first time in three months in August amid weakening demand, while power shortages and fresh COVID-19 flare-ups disrupted production, a private sector survey…
China’s top airlines post steep Q2 losses on COVID curbs
BEIJING/SYDNEY (Reuters) – China’s three biggest airlines posted on Tuesday a combined 28.4 billion yuan ($4.12 billion) second-quarter loss, wider than in the first quarter, due to major travel disruptions including a…
China’s Sinopec starts first carbon capture, storage facility, plans another two by 2025
SINGAPORE (Reuters) – China’s Sinopec Corp said on Monday it has put into operation the country’s largest carbon capture, utilisation and storage (CCUS) facility in east China, and plans to build two…
China’s August factory activity likely shrank amid COVID flare-ups, property crisis – Reuters poll
BEIJING (Reuters) – China’s factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crunch in…
China’s CanSinoBIO H1 revenue drops on weaker COVID shot demand
BEIJING (Reuters) – China’s CanSino Biologics reported a 69.5% drop in revenue for the first six months versus a year ago, joining global and domestic COVID-19 vaccine makers affected by waning demand…
China’s Bank of Communications warns of property market risks
By Ziyi Tang and Engen Tham BEIJING/SHANGHAI (Reuters) -China’s Bank of Communications (BoCom) on Friday warned of liquidity risks in the property sector after it posted an almost 5% rise in first…
China’s July marine fuel exports up 13.22% from June
(Reuters) – China’s exports of very-low-sulphur marine fuel rebounded 13.22% in July versus June as the country’s merchandise exports recovered, but still stood nearly 9.69% below the year-ago level, customs data showed…
Russia is China’s top oil supplier for 3rd mth in July- customs data
By Chen Aizhu (Reuters) – Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted…
Breaking News
