Wind turbine with Oil refinery at twilight sky background. getty The 2022 edition of the bp Statistical Review of World Energy was recently published (the 71st annual edition), which means it’s time f...
Tag: China
China tears down tower blocks in effort to boost stalling economy
China Evergrande Group property construction – Bloomberg China is tearing down tower blocks and pausing construction on buildings that could house 75m people as Xi Jinping’s government seeks to ...
China: unprecedented financial crisis? – The Cryptonomist
The real estate sector in China is currently developing financial problems. In this regard, some argue that the country is actually experiencing an unprecedented financial crisis with banks on the ver...
Engineer admits stealing Apple Car trade secrets before trying to flee to work for rivals in China
A former Apple employee has pleaded guilty to stealing trade secrets from the company regarding its highly secretive self-driving car project. Xiaolang Zhang was charged on Aug. 22 at a court in San J...
JD.com & CATL Results Beat Expectations
China Last Night KraneShares Key News Asian equities were largely lower with India, Thailand, and Indonesia outperforming. The real action took place after the market’s close with a multitude companie...
Putin Accidentally Revived The League Of Democracies. Here’s What It Means For Business.
Central to Sen. John McCain’s 2008 presidential campaign was the concept of a League of Democracies: “the one organization where the world’s democracies would come together to discuss problems a...
Club Med Owner Fosun Tourism Says 1st-Half Loss Narrowed; Americas And France Recovered, China Slumped
A picture shows the logo of the French tour operator “Club Med.” (Photo by Chesnot/Getty Images) Getty Images Fosun Tourism Group, the tourism arm of Shanghai billionaire Guo Guangchang’s ...
Alibaba Confirms TikTok Partnership, Loan Prime Rate Sees Asymmetric Cut
China Last Night KraneShares Key News Asian equities had a rough start to the week following Friday’s US equity selloff except for China, Singapore, and New Zealand, which managed positive returns tod...
Xiaomi, World’s No. 3 Smartphone Brand, Says 2nd Qtr Profit Plunged By 83% Amid Economic Headwinds
A pedestrian in front of a Xiaomi Corp. store in Shanghai in 2021. Photographer: Qilai … [+] Shen/Bloomberg © 2021 Bloomberg Finance LP Net profit at Beijing-headquartered Xiaomi, the world’s No...
Infinity War’ As ‘Minions 2’ Bombs In China
Bad Bunny and Brad Pitt star in Bullet Train. (C) 2022 CTMG. All Rights Reserved. In holdover news at the Friday box office, Sony’s Bullet Train earned another $2.2 million (-43%) for a likely $7.7 mi...
Gasoline Prices Are Down, But There’s a Big Threat Looming
Gasoline prices fell again on Aug. 19 with the national average declining to $3.89 a gallon as crude oil prices inched slightly higher to $91.56 a barrel. The most common price is $3.49 a gallon, Pat...
Bank Of China “Quite Cautious” About U.S. Growth Outlook: U.S.-China Business Forum
Bank of China’s U.S. President Hu Wei, right, with Steve Orlins, president of the National Committee … [+] on U.S.-China Relations, at the U.S.-China Business Forum at Forbes on Fifth in N...
U.S. Officials, Businesses Gearing Up For Continued Beijing Pressure On Taiwan
Taiwanese soldiers operate a Oerlikon 35mm twin cannon anti-aircraft gun at a base in Taiwan’s … [+] southeastern Hualien county on Thursday, Aug. 18, 2022. Experts say a lot can be gleane...
Bank of China Introduces Latest e-CNY Smart Contract For Primary Students
The state-owned Bank of China on Tuesday announced a new program bridging primary school education with smart contracts, reported a local news outlet Sohu.com. Now, the residents of Chengdu, a Sichuan...
India, The Rising Power, Is Seeking Oil From The Middle East And Russia
Indian Prime Minister Narendra Modi is welcomed by UAE’s President Mohammed bin Zayed Al Nahyan in … [+] Abu Dhabi, UAE on June 28, 2022. (Photo by Presidential Affairs Ministry – UA...
Alibaba Partners With Tik Tok, EV Sales Tax Exemption is Extended, Short Turnover Analysis, Week in Review
China Last Night KraneShares Week in Review Asian equities traded largely lower this week on currency weakness, slowing GDP growth, and short selling in Hong Kong. On Monday, the People’s Bank of Chin...
The Countries Most In Debt To China [Infographic]
Countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific, data from The World Bank shows. China is currently the preferred...
China issues first national drought emergency scorching temperatures
The Jialing River bed at the confluence with the Yangtze River is exposed due to drought on August 18, 2022 in Chongqing, China. Vcg | Getty Images China issued its first drought emergency this year a...
Tencent will shut down its NFT trading after China regulations
Recently, the leading technology company, Tencent, offered its customers the opportunity to sell their NFTs within Huanhe. This comes after the Chinese company suspended its operations due to regulati...
China Opens Probe on Banks as New Loans Collapse – Trustnodes
China has opened an investigation into the banking sector to determine its exposure to the crashing property market which has fallen another 7% in June. “The China Banking and Insurance Regulatory Com...
Asia Niche Will Help East West Bank Weather U.S. Economic Downturn, CEO Dominic Ng Says
East West’s Chairman and CEO Dominic Ng. East West Bank East West Bank, today one of the largest American banks to service the U.S.-China business community, started out its life banking to Chin...
China’s heatwave could have knock-on effect on its economy: Economist
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by ...
Shanghai-Based Pharma Business Breaks Ground On Delaware Facility
WuXi AppTec Chairman Ge Li, back in 2008. Photographer: Ariana Lindquist/Bloomberg News Ariana Lindquist 2008 WuXi STA, a contract research, development, and manufacturing service provider to the phar...
Tencent Rebounds as NetEase Beats Expectations
China Last Night KraneShares Key News Asian equities followed US equities south as a less hawkish US Fed still means rate hikes in September and November. Pakistan was closed for Al-Hijra, which is al...
The U.S. Has A Lot Of Catching Up To Do On Critical Energy Minerals
View of Canadian based Strategic Mineral Company Largo Resources’ Vanadium pit, near Maracas, in … [+] Bahia state, Brazil, on June 15, 2016. Vanadium is primarily used as an alloy to stre...
Nio opens largest service center in China
Nio (NYSE: NIO), one of China’s electric vehicle (EV) trailblazers, continues to expand its business across China, possibly setting itself up for international success. The firm opened its largest ser...
China’s Internet Giants Face New Era Of Tough Oversight And Low Growth
Tencent cofounder Pony Ma (Photo by Xaume Olleros/Bloomberg) © 2016 Bloomberg Finance LP Alibaba and Tencent, the twin pillars of China’s once-booming internet sector, have long had reputations for ey...
China Attacks US Chip Handouts While Warning of Market Slowdown
(Bloomberg) — China lashed out at a $52 billion program to expand American chipmaking, saying the landmark blueprint contains elements that violate fair market principles and targets Beijing’s o...