65 h. ago China steps in to tame animal spirits as solar sector racks up billions in losses

China steps in to tame animal spirits as solar sector racks up billions in losses  Financial Times

Economics

2 d. ago US sanctions China’s Guangzhou Tengyue Chemical for alleged fentanyl trafficking

The United States on Wednesday sanctioned a Chinese chemical company that it alleges is manufacturing and coordinating shipments of illicit opioids, such as fentanyl, and chemical agents into the country. The move comes amid recent stepped-up moves in Washington to target China on the fentanyl issue despite stabilising bilateral ties. A Treasury Department statement said sanctions have been placed on Guangzhou Tengyue Chemical, based in China’s southern Guangdong province, and two of the...

Politics

3 d. ago China’s ‘Arctic Express’ shows its ambitions at the top of the world

Could a single shipping route shift both trade flows and geopolitical influence? China’s new “Arctic Express” to Europe leverages melting ice to bypass chokepoints and challenge Western dominance. In a significant step for Arctic commercial shipping, China’s Haijie Shipping Company will launch the first regular container service linking Asia and Northern Europe via the Northern Sea Route on September 20. The Istanbul Bridge, with a 4,890 20-foot equivalent unit (TEU) capacity and a low ice...

Politics

3 d. ago How China’s ‘Arctic Express’ poses challenge to Western dominance

Could a single shipping route shift both trade flows and geopolitical influence? China’s new “Arctic Express” to Europe leverages melting ice to bypass chokepoints and challenge Western dominance. In a significant step for Arctic commercial shipping, China’s Haijie Shipping Company will launch the first regular container service linking Asia and Northern Europe via the Northern Sea Route on September 20. The Istanbul Bridge, with a 4,890 20-foot equivalent unit (TEU) capacity and a low ice...

Politics

4 d. ago China scholars urge ‘truthful’ World War II accounts amid Western ‘historical nihilism’

In the run-up to Wednesday’s grand military parade in Beijing to commemorate the end of World War II, China has stepped up calls to confront what mainland academics have described as Western “historical nihilism” in the predominant account of the war. Through books, archives, reports and commentary, scholars are urging the establishment of a “truthful, fair and pluralistic” shared memory that acknowledges not only the pivotal role of China but also the wider contributions of others, including...

Events

4 d. ago Chinese scholars slam Western ‘historical nihilism’ on World War II

In the run-up to Wednesday’s grand military parade in Beijing to commemorate the end of World War II, China has stepped up calls to confront what mainland academics have described as Western “historical nihilism” in the predominant account of the war. Through books, archives, reports and commentary, scholars are urging the creation of a “truthful, fair and pluralistic” shared memory that acknowledges not only the pivotal role of China but also the wider contributions of others, including India,...

Events

4 d. ago Sinking fund: Philippines lost up to US$2 billion in 2 years to flood corruption

The Philippines loses up to 70 per cent of government funds for flood-control projects to corruption, with losses as much as US$2 billion crimping economic growth in the past two years, according to a top official. Average economic losses from corruption in flood control projects under the Public Works Department reached about 42.3 billion pesos (US$738 million) to 118.5 billion pesos from 2023 to 2025, Finance Secretary Ralph Recto said at a Senate budget hearing on Tuesday. The estimate was...

Events

9 d. ago Trump implores banks to step up monitoring of China money laundering linked to fentanyl

The administration of US President Donald Trump called on American banks and other financial institutions Thursday to step up monitoring of suspected Chinese money-laundering networks it says fuel fentanyl addiction in the United States. The advisory highlighted how informal Chinese money-laundering operations work in a symbiotic relationship with the Jalisco New Generation, Sinaloa, Gulf and other Mexican drug cartels to effectively bypass financial safeguards. “Money-laundering networks linked...

Politics

9 d. ago Meituan’s Loss Warning Spurs $27 Billion China Internet Rout

Meituan’s Loss Warning Spurs $27 Billion China Internet Rout  Yahoo Finance

Events

1 week ago China steps up Belt and Road Initiative funding with focus on Central Asia

Investments under China’s Belt and Road Initiative surged in the first half of the year – particularly for projects in Central Asia related to metals and mining – leading some analysts to conclude Beijing is seeking access to critical natural resources as a precaution against escalatory trade restrictions from the United States. The 150 countries taking part in the global infrastructure initiative received a combined US$124 billion in investments and construction contracts from January to June,...

Politics

1 week ago Sino Land profit falls due to lower rental income, falling occupancies

Hong Kong developer Sino Land on Wednesday said its net profit for the financial year that ended on June 30 fell from a year earlier as strong residential sales were offset by lower rental income and falling occupancies. After taking into account a one-time loss of HK$1.08 billion (US$138.7 million) from the revaluation of its investment properties, the developer said its net profit fell to HK$4.02 billion from HK$4.4 billion a year earlier. Net income excluding one-off gains or losses fell...

Events

1 week ago Pentagon unit steps up tech ties with allies to counter China

Pentagon unit steps up tech ties with allies to counter China  Financial Times

Politics

2 w. ago DeepSeek’s ‘UE8M0 FP8’ innovation seen as boost for China’s AI self

A technical change in the latest model from Chinese artificial intelligence start-up DeepSeek could be a big step towards achieving China’s goal of AI self-sufficiency, as it shows a new level of coordination between local model developers and hardware makers, according to analysts and industry insiders. This week, the Hangzhou-based AI lab said its new V3.1 model was trained using a UE8M0 FP8 scale data format, which was suitable for the “home-grown chips soon to be released”. While DeepSeek...

Politics

2 w. ago Scammers exploit rental platforms in Hong Kong amid rise in investment fraud

Online rental platforms have become scammers’ latest tool for swindling Hong Kong residents, as the number of online investment fraud cases rose by nearly a quarter in the first six months of 2025 compared with the same period last year, with losses surging 36.4 per cent to HK$1.48 billion (US$189.5 million). Police Senior Superintendent Carmen Leung Oi-lam said that online rental platforms were a new channel that scammers were recently exploiting to establish contact with victims. “When some...

Politics

2 w. ago India to ban ‘harmful’ online money games, threatening US$3.6 billion industry

India’s parliament on Thursday passed a bill to ban online games played with money in a move that threatens the survival of the popular fantasy gaming sector, after Prime Minister Narendra Modi’s government flagged the high risk of financial harm. The sudden ban has shocked an industry backed by venture capital firms like Tiger Global and Peak XV Partners and which was set to be worth US$3.6 billion in India by 2029. Executives fear imminent job losses and a complete shutdown of many app-based...

Economics

2 w. ago Chinese woman seeks refuge from rain in shop, buys lottery ticket, wins US$140,000

A Chinese woman who sought shelter from the rain in a lottery shop and casually bought a scratch card has won a million yuan (US$140,000), astonishing and delighting many people online. On August 8 in Yuxi, Yunnan province, southwestern China, an unidentified woman was caught in a sudden downpour and stepped into a lottery shop in the Hongta District to take cover. According to the store owner, the woman asked: “Do you have scratch cards here? Since I am stuck in the rain, I might as well play a...

Economics

2 w. ago China takes another major step in robotics with inaugural World Humanoid Robot Games in Beijing

China takes another major step in robotics with inaugural World Humanoid Robot Games in Beijing  Firstpost

Politics

2 w. ago Steph Curry hilariously gifted Warriors ‘Labubu' doll while on tour in China

Steph Curry hilariously gifted Warriors ‘Labubu' doll while on tour in China  NBC Sports Bay Area & California

Events

2 w. ago NBA Fans Marvel As China Welcomes Stephen Curry With Massive Drone Show

NBA Fans Marvel As China Welcomes Stephen Curry With Massive Drone Show  Yahoo Sports

Events

2 w. ago Altseason’s next step depends on China stimulus, investors’ response to recession fears

Altseason’s next step depends on China stimulus, investors’ response to recession fears  Cointelegraph

Economics