91 m. ago Chinese solar firms bank on overseas expansion to survive amid US tariffs

Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement on trade tariffs, as production abroad holds the key to their long-term survival, according to executives at China’s largest solar industry exhibition. Although the US and China reached a 90-day truce in their ongoing tariff war in May, solar panel exports from China and Southeast Asia to the US are still subject to tariffs of as much as 3,521 per cent, with...

Economics

15 h. ago ByteDance helps jewellery firm Lao Feng Xiang push AI glasses to China’s elderly

Social media giant ByteDance is helping the 177-year-old Chinese jewellery company Lao Feng Xiang develop a new generation of smart glasses, powered by artificial intelligence (AI), that feature real-time voice navigation and translation functions. Lao Feng Xiang debuted their initial line of wearable gadgets at Wednesday’s opening of the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare, the world’s biggest senior care expo, that is being held in the company’s home...

Politics

26 h. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

32 h. ago Trump's 'done' deal with China: Trade damage already done and will remain, logistics firms, retailers say

Trump's 'done' deal with China: Trade damage already done and will remain, logistics firms, retailers say  CNBC

Politics

32 h. ago Trump's 'done' deal with China: Trade damage will remain, logistics firms and retailers say

Trump's 'done' deal with China: Trade damage will remain, logistics firms and retailers say  CNBC

Politics

40 h. ago From AI to chips: China courts private tech firms to help drive next 5

China has signalled growing support for the private sector, as the head of the government department that oversees economic reform sat down with representatives of the tech industry to gather input ahead of Beijing’s next five-year development blueprint, analysts said. Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), met leaders from five private enterprises to “gather opinions and suggestions for the scientific formulation of the ‘15th Five-Year Plan’, with a...

Economics

3 d. ago ‘Irresistible trend’: why Chinese firms are rushing to open factories in Hungary

When Agosto Bodo took a job at a Chinese law firm’s Budapest office last year, he found himself catapulted into the centre of a China-fuelled investment boom. Yingke Law Firm, a major player in Chinese corporate law, had opened the new office to serve a wave of Chinese companies looking to open factories in Hungary. And the business was quickly gaining momentum. “We helped our clients with sourcing labour, looking for offices – we provided the whole service to help them overcome the language and...

Politics

3 d. ago Why Trump’s nuclear export controls won’t stop China, may hurt US firms: analysts

China’s nuclear ambitions may face a slight setback from Washington’s reported export restrictions on power plant components, but Beijing will press ahead with its construction drive and intensify efforts to develop home-grown technologies as its domestic reactors mature, analysts said. The Trump administration has reportedly suspended licenses for the export of some nuclear power generation equipment to China. The US Department of Commerce issued the ruling in recent weeks, according to...

Politics

3 d. ago China backs Mekong pollution probe after reports point finger at mining firms

China’s embassy in Thailand said it was “closely monitoring” the situation after claims that heavy metal pollution in northern Thai rivers was linked to suspected Chinese mining activities in neighbouring Myanmar. A post on the embassy’s official social media account acknowledged recent comments by the Thai government on the matter. “China is closely monitoring reports about the heavy metal pollution incident in a tributary of the Mekong River in Thailand. We have taken note of the recent test...

Politics

5 d. ago US retailers demand Chinese firms pay shipping costs as trade pressure grows

US retail giants are demanding that their Chinese suppliers split or even bear the full cost of shipping goods across the Pacific, as freight rates skyrocket amid the disruption caused by the trade war, sources at Chinese export firms told the Post. The move is the latest sign of the intense pressure America’s biggest retailers are putting on Chinese factories to absorb more of the additional costs created by the trade war, with the companies facing calls at home to “eat the tariffs”. Until...

Economics

6 d. ago No polled US firms in China shifting production back to US, AmCham survey finds

No polled US firms in China shifting production back to US, AmCham survey finds  South China Morning Post

Politics

6 d. ago US Firms in China Will Stay Put Despite Tariffs, AmCham Says

US Firms in China Will Stay Put Despite Tariffs, AmCham Says  Bloomberg

Economics

6 d. ago China Renaissance’s investment in stablecoin issuer Circle pays off

China Renaissance, which has funded many leading Chinese technology firms, made another winning bet after shares of stablecoin issuer Circle Internet Group more than doubled on their debut in New York. The Chinese investment bank said in a filing to the Hong Kong stock exchange on Friday that it had invested in Circle, which was founded in 2013, in 2018 through its Huaxing New Economy Fund. The investment reflected its “strong confidence in the growth prospects of the digital asset industry”,...

Economics

7 d. ago Hong Kong IPO Rules Tested as China Firms Weigh US Delistings

Hong Kong IPO Rules Tested as China Firms Weigh US Delistings  Bloomberg

Economics

7 d. ago ‘From awful to bad’: how Trump’s tariff war with China crushes small US firms

In 2017, tired of supporting other people’s entrepreneurial dreams and watching e-commerce take off, Matt Rollens started Dragon Glassware in his garage with US$10,000 from savings and a small inheritance. A tea drinker, his first idea was a glass vacuum flask. But the prototype fell short, so he settled on drinking glasses as the US microbrewery craze exploded. Over the next eight years, he built ties with skilled Chinese factories and expanded into licensed Barbie and Wicked drinkware as...

Politics

7 d. ago Chinese app firm Newborn Town sets up in Hong Kong for AI, global push

Hong Kong-listed Chinese app company Newborn Town will open a global headquarters and set up an artificial intelligence (AI) research centre in Hong Kong as a pivotal step in its overseas expansion strategy. “The landing of the global headquarters in Hong Kong marks a new stage in the company’s globalisation strategy and an important milestone of our company’s development,” said chairman Liu Chunhe at an opening ceremony in Hong Kong on Thursday. Newborn Town said it would focus on developing AI...

Politics

7 d. ago Trump’s China Envoy Seeks to Calm US Firms as Trade Ties Fray

Trump’s China Envoy Seeks to Calm US Firms as Trade Ties Fray  Bloomberg

Politics

7 d. ago China vows to protect students in face of ban on new foreign students at Harvard

China has pledged to “firmly safeguard” the interests of its students following US President Donald Trump’s ban on international enrolment at Harvard University. Citing the institution’s failure to address national security risks on campus, Trump announced in a proclamation on Wednesday night that he would immediately block the Ivy League school from enrolling new international students or exchange visitors, while also ordering the State Department to review whether current foreign enrolments...

Politics

8 d. ago ‘Malicious distortion of facts’: Beijing hits out at US over Rubio’s Tiananmen remarks, calls it ‘serious interference’

‘Malicious distortion of facts’: Beijing hits out at US over Rubio’s Tiananmen remarks, calls it ‘serious interference’  MSN

Events

8 d. ago Ripple, XRP Treasury Reserve News: China Firm Files With SEC For $300M Plan

Ripple, XRP Treasury Reserve News: China Firm Files With SEC For $300M Plan  CoinDesk

Economics